IPO Snapshot
 
Storage Technologies & Automation Ltd.
Issue Open Date 30-Apr-24  
Issue Closing Date 03-May-24  
Application Money 100  
Allotment Money  
Price Band 73 - 78  
Minimium Application No. 1600  
Issue Size (Shares) 2750400  
Market Lot 1  
Objective
1. To meet Working Capital requirements2. General Corporate Purpose
Category No. of Shares No. of Shares Subscription Ratio
  Offered / Reserved Bid For  
Non-Institutional Investors   747200   315945600   422.839400428266  
Qualified Institutional Buyers   728000   85800000   117.857142857143  
Retail Individual Investors   728000   85800000   117.857142857143  
Business Description:
We are a customer-centric business driven by a focus on continuing innovation and operational efficiency. We offer our clientswith a wide variety of display and storage racks for commercial as well as industrial purposes. These are manufactured usingqualitative raw materials. This helps in ensuring the durability and optimum strength of the finished products. We also usedifferent grades of Mild steel (Hot rolled coils, cold rolled coils, Galvanised steel coils, PPGI coils, pipes and structuralsections), powder for powder coating, Epoxy, Enamel paints and plastic for packaging as raw material.
Promoter's Holding
Total Share Capital   9000000  
Offered to Public   3840000  
Promoter's Holding (Pre-Issue)   100  
Promoter's Holding (Post-Issue)   70.09  
Address
No 10
Survey No 21/6 A
21/7 A
21/7 B & 21/8
Singanayakanahalli
Yelahanka
Bengaluru ,
Karnataka ,
560064
Phone : 9844486300
Email : cs@racksandrollers.com
Website : https://racksandrollers.com
Registrar
Integrated Registrary Management Services Pvt Ltd.-(Formerly Integrated Enterprises (India) Ltd)
30
Ramana Residency
4th Cross
Sampige Road
Malleswaram
Bangalore
Listed at
BSE
Lead Manager
Oneview Corporate Advisors Pvt Ltd.
Promoters
Afzal Hussain
Hanif A Khatri
Khasim Sait
Mohmmad Arif Abdul Gaffar Dor
Nuumaan Khasim
Syed Azeem