Storage Technologies & Automation Ltd IPO
BSE SMEListed On: May 8, 2024 at ₹ 148.2
₹ 249600 /3200 Shares
*Min Investment
30 Apr, 2024
Open Date03 May, 2024
Close Date06 May, 2024
Allotment Date08 May, 2024
Listing DateStorage Technologies & Automation Ltd IPO Issue Details
- Issue Price ₹73-78 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 38,40,000 shares(aggregating up to ₹29.95 crore)
- Fresh Share 38,40,000 shares(aggregating up to ₹29.95 crore)
- Listing at BSE SME
- List Price 148.2
- Listing Date 2024-05-08
- Lead Manager Oneview Corporate Advisors Private Limited
- Registrar Integrated Registry Management Services Private Limited
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,24,800 |
| Retail(max) | 1 | 1600 | ₹1,24,800 |
| NII (min) | 2 | 3,200 | ₹2,49,600 |
Storage Technologies & Automation Ltd IPO Reservation
Storage Technologies & Automation Ltd IPO offers total 3,840,000 shares. Out of which 728,000 (18.96%) allocated to QIB, 547,200 (14.25%) allocated to NII,1,275,200 (33.21%) allocated to RII, NA (NA%) allocated to employees and 1,089,600 (28.38%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,089,600 (28.38%) | |
| Market Maker Shares Offered | 200,000 (5.21%) | |
| QIB Shares Offered | 728,000 (18.96%) | |
| NII (HNI) Shares Offered | 547,200 (14.25%) | |
| Retail Shares Offered | 1,275,200 (33.21%) | |
| Total Shares Offered | 3,840,000 (100%) |
Storage Technologies & Automation Ltd IPO Details
Storage Technologies & Automation Ltd IPO is an SME IPO, priced at ₹73-78 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 38,40,000 equity shares, aggregating up to ₹29.95 crores..
The IPO bidding window is open from Apr 30, 2024 to May 3, 2024. The allotment is expected to be finalized on May 6, 2024, and the tentative listing date is May 8, 2024.
The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,24,800. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,49,600.
Oneview Corporate Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Integrated Registry Management Services Private Limited, and Nikunj Stock Brokers Limited will act as the market maker for this issue.
Storage Technologies & Automation Ltd IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 728,000 / 747,200 | 1,275,200 | 2,750,400 |
Day 1 30-04-24 06:00 PM | 0.02 / 2.23 x | 5.00 x | 2.98 x |
Day 2 02-05-24 06:00 PM | 0.12 / 27.92 x | 48.25 x | 29.99 x |
Day 2 03-05-24 06:00 PM | 117.86 / 422.84 x | 242.74 x | 258.61 x |
Storage Technologies & Automation Ltd Valuations
Storage Technologies & Automation Ltd Company Financials
| 31-Oct-23 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 6,375.77 | 4,004.01 | 3,567.70 |
| Revenue | 5,317.09 | 8,137.12 | 6,989.72 |
| Profit After Tax | 358.91 | 48.30 | -20.49 |
| Net Worth | 953.52 | 594.61 | 546.31 |
| Reserves & Surplus | 653.52 | 294.61 | 246.31 |
| Total Borrowing | 1,632.53 | 931.63 | 871.10 |
About Storage Technologies & Automation Ltd Company
Storage Technologies and Automation Limited was founded in October 2010. The company is involved in storage racking systems.
The company produces and installs metal storage racks, automated warehouses, and other storage solutions. The company offers storage solutions for various industries such as oil & gas, automotive, aerospace, food & beverages, pharmaceuticals, textiles, retail, and FMCG.
Storage solution manufacturing company, the firm is ISO 9001:2015 certified.The firm employs around 56,250 sq. feet manufacturing space in Bangalore and around 20,000 sq. feet storage space.
About 2500 projects were accomplished so far as well as servicing over 900 customers from almost every part of the globe in more than 30 nations worldwide
For October 31, 2023, total headcount employees will be around 166 while headcount contractual is around 94.
Storage Technologies & Automation Ltd - Promoter(s)
Mr. Khasim Sait, Mr. Mohammad Arif Abdul Gaffar Dor, Mr. Hanif A Khatri, Mr. Syed Azeem, Mr. Afzal Hussain and Mr. Nuumaan Khasim
Pre Issue Share Holding : 100%
Post Issue Share Holding : 70.09%
Storage Technologies & Automation Ltd IPO - Issue Objectives
To meet Working Capital requirements
General Corporate Purpose
Storage Technologies & Automation Ltd IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Storage Technologies & Automation Ltd | 1.61 | 1.61 | 19.82 | N/A | 8.12 | 3.94 | Consolidated |
| Alphalogic Industries Ltd | 6.03 | 6.03 | 138.64 | 33.17 | 50.6 | 1.44 | Standalone |
Notes:
- P/E figures for the peer are based on closing market prices of equity shares on BSE on January 20, 2024, divided by the Basic EPS as of March 31, 2023.
- Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the listed peer company's Annual Report for FY 2022-23.
- Return on Net Worth (%) for listed industry peers has been computed based on the Net Profit After Tax for the year ended March 31, 2023, divided by Total Equity as of March 31, 2023.
- NAV per share for the listed peer is computed as the net worth as of March 31, 2023, divided by the outstanding number of equity shares as on March 31, 2023.
Contact Details
Storage Technologies & Automation Ltd
No 10, Survey No 21/6A, 21/7A, 21/7B and 21/8 Singanayakanahalli, Yelahanka, Bangalore, Bangalore-560064,
+91 98444 86300
Registrar Contact Details
Integrated Registry Management Services Private Limited
+ 91 44 2814 0801 to 803
Storage Technologies & Automation Ltd IPO - FAQs
Ans. Storage Technologies & Automation Ltd IPO is a SME IPO. The issue is priced at ₹73-78 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Apr 30, 2024, and closes on May 3, 2024. Integrated Registry Management Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Storage Technologies & Automation Ltd IPO opens on Apr 30, 2024 and closes on May 3, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Storage Technologies & Automation Ltd IPO is 3,840,000 shares(aggregating up to ₹29.95 Cr).
Ans. The Storage Technologies & Automation Ltd IPO price band is set between ₹73-78 per equity share.
Ans. To apply for Storage Technologies & Automation Ltd IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Storage Technologies & Automation Ltd IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Storage Technologies & Automation Ltd IPO is May 6, 2024.
Ans. The Storage Technologies & Automation Ltd IPO will be listed on May 8, 2024.
Ans. Follow the steps to check the Storage Technologies & Automation Ltd IPO allotment status online.
