Storage Technologies & Automation was incorporated on March 19, 2010. The company prioritizes customer satisfaction and is committed to ongoing innovation and operational efficiency. It provides a diverse range of display and storage racks tailored for both commercial and industrial applications.
| Bidding Dates |
|---|
| 30 Apr 2024 - 03 May 2024 |
| Subscription |
|---|
| 258.61x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,16,800 | 1 | 1 | 1600 | 3.8 M | ₹73 - ₹78 | 70.09 % | ₹280.3 M - ₹299.5 M | RHP DOC |
Storage Technologies IPO SUBSCRIPTION STATUS
03 May '24Storage Technologies IPO overall subscription rate was 258.61 times the total available shares
Storage Technologies IPO retail subscription rate was 242.74 times in the retail segment
Storage Technologies IPO non-institutional investor subscription rate was 422.84 times in the non-institutional investor category
Storage Technologies IPO Qualified Institutional Bidder subscription rate was 117.86 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 May 2024 (Day 3) | 242.74x | 422.84x | 117.86x |
02 May 2024 (Day 2) | 48.15x | 27.9x | 0.12x |
30 Apr 2024 (Day 1) | 5x | 1.63x | 0.02x |
Storage Technologies FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 7MFY24 | 35.9 | 529.2 | -39.3 | -48.0 | 13.4% |
| FY23 | 4.8 | 813.2 | 29.3 | 13.0 | 5.4% |
| FY22 | -2.0 | 698.7 | 15.8 | -42.8 | 3.8% |
| FY21 | 11.8 | 484.9 | 26.2 | -18.5 | 6.3% |
Storage Technologies IPO SUBSCRIPTION STATUS DETAILS
Storage Technologies had 3.8 M shares on offer
Storage Technologies IPO offer price was in the range ₹73 - ₹78
Storage Technologies IPO minimum Investment was ₹116800
Storage Technologies IPO issue size was ₹ 280.3 M - ₹ 299.5 M
Storage Technologies had a minimum lot size of 1600 Shares per application
Storage Technologies NUMBER OF SHARES ON OFFER
Storage Technologies IPO IMPORTANT DATES
| Issue Open Date | 30 Apr 2024 |
| Issue close Date | 03 May 2024 |
| Allotment Date | 06 May 2024 |
| Refund Date | 07 May 2024 |
| Demat Account Credit Date | 07 May 2024 |
| Listing Date | 08 May 2024 |
| Listing on Exchange(s) | BSE |
| Storage Technologies Allotment Status | Exchange |
Storage Technologies IPO subscription opened on 30 Apr 2024, and closed on 03 May 2024
IPO allotment for Storage Technologies was finalized on Monday, 06 May 2024
IPO listing for Storage Technologies was on BSE on Wednesday, 08 May 2024
Storage Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 78.0 |
| Listing Open Price | 148.2 |
| Listing Close Price | 153.1 |
| Listing Gain% | 90.0% |
| Current Gain% | -57.5% |
Storage Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Storage Technologies & Automation Ltd. | 33.2 | 42.6 | -13 | 0.1 | 0.5 | -8.3 | -4.4 | 85.5 | -15 | -3.3 | -182.9 | -2.6 | -182.9 |
| Solar Industries India Ltd. | 18650 | 168764 | 100.6 | 2.6 | 17.2 | 26.7 | 15.4 | 9965.7 | 30.9 | 1677.6 | 38.7 | 185.4 | 38.7 |
| PTC Industries Ltd. | 19076 | 28599.7 | 281.6 | 4.2 | 47.4 | 6.7 | 5.2 | 643.3 | 88 | 101.6 | 66.4 | 67.7 | 66.4 |
| Inox India Ltd. | 1954.7 | 17741.5 | 69.6 | 8 | 11 | 23.1 | 12.8 | 1632.3 | 21.2 | 257.9 | 14.1 | 28.1 | 8.7 |
| Precision Wires India Ltd. | 413.8 | 7564.6 | 48.7 | 0.7 | 1.4 | 20.1 | 6.9 | 5463.4 | 35.4 | 155.3 | 72.4 | 8.5 | 72.4 |
| Kennametal India Ltd. | 3308.6 | 7271.7 | 52.5 | 1.5 | 5.4 | 13.8 | 10.6 | 1184.7 | 6.6 | 102.9 | -6.9 | 63 | 35.9 |
Storage Technologies INFORMATION ON IPO ISSUE
About Storage Technologies
Storage Technologies & Automation was incorporated on March 19, 2010. The company prioritizes customer satisfaction and is committed to ongoing innovation and operational efficiency. It provides a diverse range of display and storage racks tailored for both commercial and industrial applications.
Object of the Issue
- To meet working capital requirements
- General corporate purpose
Storage Technologies - PROMOTERS
| Name |
|---|
| Hanif Khatri |
| Mohammad Arif Abdul Gaffar Dor |
| Khasim Sait |
| Syed Azeem |
| Afzal Hussain |
| Nuumaan Khasim |
Storage Technologies Lead Manager of the Issue
Oneview Corporate Advisors Private Limited
mbd@oneviewadvisors.com
Storage Technologies Registrar to the issue
Integrated Registry Management Services Private Limited
giri@integratedindia.in
Storage Technologies Strengths
Wide range of products
The company's extensive product range, coupled with its capacity to tailor solutions to meet client specifications, and bolstered by its team of skilled engineers, gives it a unique position in the market
Focus on quality
The company maintains a steadfast commitment to quality across all stages of its operations, from sourcing raw materials to product manufacturing and assembly. This dedication is upheld through rigorous review and monitoring processes at its manufacturing facilities
Storage Technologies Risks
Dependent on few customers
The company's sales are reliant on a limited number of customers. The potential loss of any of these significant customers could have an adverse impact on both its revenues and profitability
IPO FAQs
The promoters of the company are Hanif Khatri, Mohammad Arif Abdul Gaffar Dor, Khasim Sait, Syed Azeem, Afzal Hussain and Nuumaan Khasim.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 73.0 - 78.0.
The IPO application opens on Apr 30, 2024 and closes on May 03, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 116,800.0, the maximum value for this IPO is Rs 124,800.0.
This IPO will be allotted on May 06, 2024.
The refund will be credited to your account on May 07, 2024.
The allotted shares will be credited to your demat on May 07, 2024.
Storage Technologies & Automation Ltd.’s shares listed on the stock exchanges on May 08, 2024.