Storage Technologies & Automation Ltd IPO Detail
Founded in October 2010, "Storage Technologies and Automation Limited is engaged in storage racking systems.
The company manufactures and installs metal storage racks, automated warehouses, and other storage solutions. The company provides storage solutions for various industries, including oil & gas, automotive, aerospace, food & beverages, pharmaceuticals, textiles, retail, and FMCG.
The company is an ISO 9001:2015 certified storage solution manufacturing company.
The company's manufacturing process is supported by approximately 56,250 square feet of space in Bangalore and 20,000 square feet of storage space.
To date, the company has executed more than 2500 projects and has served more than 900 customers worldwide.
The company has a presence in over 30 countries across the globe.
As of October 31, 2023, the company has a total of 166 permanent employees and 94 contracted employees.
Company Promoters
Mr. Khasim Sait, Mr. Mohammad Arif Abdul Gaffar Dor, Mr. Hanif A Khatri, Mr. Syed Azeem, Mr. Afzal Hussain and Mr. Nuumaan KhasimIPO Details
| IPO Opening Date | Apr 30, 2024 |
| IPO Closing Date | May 03, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹73 - 78 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹29.95 Cr |
| Fresh Issue | ₹29.95 Cr |
| Offer for Sale | - |
| Retail Portion | - |
IPO Tentative Timetable
The Storage Technologies & Automation Ltd IPO open date is Apr 30, 2024, and the close date is May 03, 2024. The issue may list on May 08, 2024.
| IPO Open Date | Apr 30, 2024 |
| IPO Close Date | May 03, 2024 |
| Basis of Allotment Date | May 06, 2024 |
| Initiation of Refunds | May 07, 2024 |
| Credit of Shares to Demat Account | May 07, 2024 |
| IPO Listing Date | May 08, 2024 |
IPO Lot Size
The Storage Technologies & Automation Ltd IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹124800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹124800 |
| Maximum | 1 | 1600 | ₹124800 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 3113.04 | 4852.38 | 118.42 |
| 31-Mar-22 | 3567.70 | 6989.72 | -20.49 |
| 31-Mar-23 | 4004.01 | 8137.12 | 48.30 |
| 31-Oct-23 | 6375.77 | 5317.09 | 358.91 |
Objects of the Issue:
The company intend to utilize the proceeds of the Issue to meet the following objects: -
- To meet Working Capital requirements
- General Corporate Purpose
Storage Technologies & Automation Ltd IPO Registrar:
Integrated Registry Management Services Private Limited
Storage Technologies & Automation Ltd IPO Lead Manager(s):
Oneview Corporate Advisors Private Limited
Company Contact Information:
Storage Technologies & Automation Ltd
No 10, Survey No 21/6A
21/7A, 21/7B and 21/8 Singanayakanahalli,
Yelahanka, Bangalore, Bangalore-560064,
