58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Storage Technologies and Automation Limited IPO (Storage Technologies and Automation IPO) Detail

Storage Technologies and Automation IPO is a book build IPO listing on BSE SME exchange. The company is based in Bangalore and caters to Corporate Solutions sector. Oneview Corporate Advisors Private is the merchant banker of Storage Technologies and Automation IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 25th January 2024.

Storage Technologies and Automation IPO open date is 30th April 2024 and close date is 3rd May 2024. IPO Allotment Date is 6th May 2024 and Listing date is 8th May 2024.

IPO Category : SME
Exchange : BSE SME
Issue Type : Book Building

Storage Technologies and Automation IPO Date

Date of DRHP:
25th January 2024
IPO Allotment Date:
6th May 2024
IPO Open Date:
30th April 2024
Initiation of Refund:
7th May 2024
IPO Closing Date:
3rd May 2024
IPO Listing Date:
8th May 2024

Storage Technologies IPO Info, Size, Subscription

Storage Technologies and Automation IPO size is Rs 29.95 Cr. crores with IPO price of Rs 78.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 29.95 Cr.

Issue Price:
₹ 78.00

Market Capitalisation :
[●]

PE multiple :
16.32

Subscription :
278.82 times

Pre Issue Promoter Holding :
100.00 %

Post Issue Promoter Holding :
70.09%

Storage Technologies and Automation IPO Information

Sub Sector : storage racking systems.
Storage Technologies and Automation Limited is a customer-centric business focused on innovation and operational efficiency, offering a wide range of display and storage racks for both commercial and industrial applications. These products are manufactured using high-quality raw materials, ensuring durability and strength. The company utilizes various grades of Mild Steel, including Hot Rolled Coils, Cold Rolled Coils, Galvanized Steel Coils, PPGI Coils, Pipes, and Structural Sections, along with materials like powder for powder coating, Epoxy, Enamel paints, and plastic for packaging. As an ISO 9001:2015 certified storage solution manufacturer, the company ensures quality throughout its processes. The expansive infrastructure spans approximately 56,250 square feet in Singanayakanahalli, Yelahanka Hobli, Bangalore, with an additional 20,000 square feet for storage. The manufacturing process, from product designing to delivery,
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Object of Issue (Storage Technologies IPO Objectives)

  • To meet Working Capital requirements
  • General Corporate Purposes

Oneview Corporate Advisors Private Limited is the book-running lead manager of the Storage Technologies and Automation IPO. Integrated Registry Management Services Private Limited is the Registrar and Market Maker is Nikunj Stock Brokers Limited for Storage Technologies and Automation IPO.

Storage Technologies IPO Market Maker

Nikunj Stock Brokers Limited

Storage Technologies IPO Registrar (RTA)

Integrated Registry Management Services Private Limited

Storage Technologies IPO Lead Manager (BRLM)

Oneview Corporate Advisors Private Limited

Storage Technologies and Automation IPO anchor investors are the below investors. The number of anchor investors in this IPO is 4.

Anchor Investors in Storage Technologies IPO

No. of Anchor Investors: 4

Anchor Investor Name   No. of shares Allotted Offer Price (in Rs.) Amount Invested (in Rs.)
Belgrave Investment Fund 481,600.00 ₹78.00 ₹37,564,800.00
Acintyo Investment Fund 256,000.00 ₹78.00 ₹19,968,000.00
Persistent Growth Fund- 222,400.00 ₹78.00 ₹17,347,200.00
SB OPPORTUNITIES FUND 129,600.00 ₹78.00 ₹10,108,800.00

Storage Technologies and Automation IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is Storage Technologies and Automation IPO?

Storage Technologies and Automation IPO, based in Bangalore, operates in the   Corporate Solutions sector with a focus on storage racking systems.. The company is launching its SME IPO on the BSE SME exchange, using the Book Building Issue method. Storage Technologies and Automation IPO size is ₹ 29.95 Cr. Crores with fresh issue size of Rs 29.95 Cr. Crores and Offer for sale being Nil.

When is Storage Technologies IPO allotment?

The IPO allotment date for Storage Technologies and Automation IPO is expected to be 6th May 2024, after the finalization of basis of allotment. Investors can check Storage Technologies and Automation IPO allotment status on the registrars website, Integrated Registry Management Services Private Limited. Storage Technologies and Automation IPO refund dates are 7th May 2024.

When is Storage Technologies and Automation IPO listing date?

Storage Technologies and Automation IPO is expected to be listed on 8th May 2024.

What is the price band for Storage Technologies IPO?

The upper price band for the Storage Technologies and Automation IPO is set at ₹ 78.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is Storage Technologies and Automation IPO Review?

For IPO analysis on Storage Technologies and Automation IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for Storage Technologies and Automation IPO?

To apply for the Storage Technologies and Automation IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 3rd May 2024. After submission, funds are blocked until the basis of allotment of Storage Technologies and Automation IPO is finalised.

Who is the merchant banker of Storage Technologies IPO?

The merchant banker for Storage Technologies and Automation IPO is Oneview Corporate Advisors Private Limited . Oneview Corporate Advisors Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Storage Technologies and Automation IPO RHP for further details.

Who is the Registrar of Storage Technologies and Automation IPO?

The registrar for Storage Technologies and Automation IPO is Integrated Registry Management Services Private Limited. Investors can go to Integrated Registry Management Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Storage Technologies and Automation IPO through their official website or helpline.

What is the Storage Technologies and Automation IPO subscription?

Storage Technologies and Automation IPO was subscribed 278.82 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

  • IPO Size: ₹ 29.95 Cr. Avg IPO Size (Sector Based) : ₹ 16.48 Cr.
  • Sector: Corporate Solutions SME IPO so far: 27
  • Merchant Banker: Oneview Corporate SME IPO by BRLM so far: 47
  • City: Bangalore SME IPO so far: 27
  • Revenue (annualised): ₹ 90.72 cr.
            PAT: (annualised): ₹ 6.15 cr.
  • PE Ratio: 16.32x Average Sector PE Ratio: 18.22x
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FAQs

Storage Technologies and Automation IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Storage Technologies and Automation Financial Review Page

Storage Technologies and Automation IPO subscription was 278.82 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Storage Technologies and Automation IPO listed at a listing price of 153.05 against the offer price of 78.00.

The current market price of Storage Technologies and Automation is 100.91.

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