Bookbuilding IPO | ₹30 Cr | Listed at BSE SME | Tue, Apr 30, 2024 - Fri, May 3, 2024
Storage Technologies IPO is a book build issue of ₹29.95 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹29.95 crore.
Storage Technologies IPO bidding started from Apr 30, 2024 and ended on May 3, 2024. The allotment for Storage Technologies IPO was finalized on May 6, 2024. The shares got listed on BSE SME on May 8, 2024.
Storage Technologies IPO price band is set at ₹78 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,24,800 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,49,600.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Integrated Registry Management Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Storage Technologies IPO RHP for detailed Information.
IPO Open
Tue, Apr 30, 2024
IPO Close
Fri, May 3, 2024
Issue Price
₹78 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 30 Apr to 3 May, 2024 |
| Listed on | Wed, May 8, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹78 |
| Issue Price | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 38,40,000 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 2,00,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 36,40,000 shares (agg. up to ₹28 Cr) |
| Net Offered to Public | 36,40,000 shares (agg. up to ₹28 Cr) |
| Share Holding Pre Issue | 90,00,000 shares |
| Share Holding Post Issue | 1,28,40,000 shares |
| BSE Script Code | 544171 |
| ISIN | INE0RGM01016 |
Storage Technologies IPO comprises a total issue size of 38,40,000 shares. The net offer to the public is 36,40,000 shares, after excluding 2,00,000 shares allotted on a firm basis. Of the Net offer 18,17,600 (49.93%) are allocated to QIB, 5,47,200 (15.03%) allocated to NII 12,75,200 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 18,17,600 | 49.93% | 47.33% |
| − Anchor Investor Shares Offered | 10,89,600 | 28.38% | |
| − QIB (Ex. Anchor) Shares Offered | 7,28,000 | 18.96% | |
| NII (HNI) Shares Offered | 5,47,200 | 15.03% | 14.25% |
| Retail Shares Offered | 12,75,200 | 35.03% | 33.21% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,00,000 | 5.21% | |
| Total Shares Offered | 38,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,24,800 |
| Retail (Max) | 1 | 1,600 | ₹1,24,800 |
| HNI (Min) | 2 | 3,200 | ₹2,49,600 |
Storage Technologies IPO raises ₹8.50 crore from anchor investors. Storage Technologies IPO Anchor bid date is April 29, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Apr 29, 2024 |
| Shares Offered | 10,89,600 |
| Anchor Portion (₹ Cr.) | 8.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jun 5, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Aug 4, 2024 |
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.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 63.76 | 40.04 | 35.68 | 31.13 |
| Total Income | 53.17 | 81.37 | 69.90 | 48.52 |
| Profit After Tax | 3.59 | 0.48 | -0.20 | 1.18 |
| NET Worth | 9.54 | 5.95 | 5.46 | 5.67 |
| Reserves and Surplus | 6.54 | 2.95 | 2.46 | 4.67 |
| Total Borrowing | 16.33 | 9.32 | 8.71 | 3.47 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 27.50 |
| 2 | General Corporate Expenses | 0.03 |
| KPI | Oct 31, 2023 |
|---|---|
| ROE | 46.37% |
| ROCE | 22.52% |
| RoNW | 37.64% |
| PAT Margin | 6.78% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.96 | |
| P/E (x) | 48.45 | |
| Promoter Holding | 100.00% | 70.09% |
The Storage Technologies Racks and Rollers IPO is subscribed 278.82 times on May 3, 2024 7:02:04 PM (Day 3). The public issue subscribed 242.74 times in the retail category, 117.86 times in the QIB category, and 577.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 117.86 | 7,28,000 | 8,58,00,000 |
| NII* | 577.02 | 5,47,200 | 31,57,45,600 |
| Retail | 242.74 | 12,75,200 | 30,95,45,600 |
| Total | 278.82 | 25,50,400 | 71,10,91,200 |
Total Application : 2,68,741
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.23 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.05 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.04 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.06 |
| 6 | Fees Payable to Statutory Auditor, Legal Advisors and other Professionals | 0.05 |
| 7 | Others (Underwriting fees, Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs, Marketing and Miscellaneous Expenses) | 2.00 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹148.20 |
| Low | ₹148.20 |
| High | ₹155.59 |
| Last Trade | ₹153.05 |
Integrated Registry Management Services Pvt.Ltd.
Lead Manager Reports
Storage Technologies IPO is a SME IPO of 38,40,000 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The IPO opens on Tue, Apr 30, 2024, and closes on Fri, May 3, 2024.
Integrated Registry Management Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Storage Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Storage Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Storage Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Storage Technologies IPO opens on Tue, Apr 30, 2024 and closes on Fri, May 3, 2024.
Storage Technologies IPO lot size is 1600, and the minimum amount required for application is ₹1,24,800.
You can apply in Storage Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Storage Technologies IPO will be done on Monday, May 6, 2024, and the allotted shares will be credited to your demat account by Tue, May 7, 2024. Check the Storage Technologies IPO allotment status.
The Storage Technologies IPO listing date is on Wed, May 8, 2024.
