Storage Technologies & Automation Limited’s IPO consists of a fresh issue of 38,40,000 lakh shares worth INR 29.95 crores. The company aims to meet working capital requirements and general corporate purposes.
Storage Technologies & Automation Ltd IPO – Important Dates
| Storage Technologies & Automation IPO Date | April 30, 2024 to May 3, 2024 |
| Storage Technologies & Automation IPO Listing Date | May 8, 2024 |
| Storage Technologies & Automation IPO Price | INR 73-78 per share |
| Storage Technologies & Automation IPO Lot Size | 1600 Shares |
| Storage Technologies & Automation IPO Total Issue Size | INR 29.95 crores |
| Storage Technologies & Automation IPO Basis of Allotment | May 6, 2024 |
| Storage Technologies & Automation IPO Initiation of Refunds | May 7, 2024 |
| Storage Technologies & Automation IPO Credit of Shares to Demat | May 7, 2024 |
| Storage Technologies & Automation IPO Issue Type | Book Built Issue IPO |
| Storage Technologies & Automation IPO Listing At | BSE SME |
Storage Technologies & Automation IPO – Company Profile
Storage Technologies & Automation, founded in 2010, excels in crafting metal storage racks, automated warehouses, and custom solutions. Their innovations cater to diverse industries, meeting unique logistical needs with efficiency and expertise.
Driven by customer-centricity and innovation, they offer various display and storage racks for commercial and industrial use. With ISO 9001:2015 certification, their quality commitment is backed by robust infrastructure in Bangalore.
They manage product design, manufacturing, quality control, packaging, and delivery with specialized infrastructure. Their dedicated team ensures stringent monitoring. Through innovative approaches and quality focus, they exceed client expectations with economically viable solutions.
Storage Technologies & Automation Ltd IPO Review
Storage Technologies & Automation Technologies financial analysis reveals a mixed performance. Revenue initially increased but fell short later. Profitability and equity improved, while return on net worth declined, reflecting varying aspects of the company’s performance.
- Revenue Trend: The revenue increased from ₹6,986.65 lakhs in March 2022 to ₹8,131.94 lakhs in March 2023. The revenue for the current year’s 7-month period ending October 2023 is INR 5,291.70 lakhs, falling short of last year’s benchmark.
- Equity and Liabilities: Both equities and total liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has significantly increased from ₹(20.49) lakhs in March 2022 to ₹358.91 lakhs by October 2023. This improvement in profitability could be a source of confidence for investors.
- Earnings per Share (EPS): The diluted EPS have risen from ₹(0.68) in March 2022 to ₹11.96 by October 2023, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has grown from (3.75)% to 37.64%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Storage Technologies & Automation Limited IPO Fundamental Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 October 2023 |
| Revenue (₹ in lakhs) | 6,986.65 | 8,131.94 | 5,291.70 |
| Equity (₹ in lakhs) | 549.84 | 610.39 | 968.72 |
| Expenses (₹ in lakhs) | 6,991.29 | 8,058.38 | 4,832.02 |
| Profit and Loss After Tax (₹ in lakhs) | (20.49) | 48.30 | 358.91 |
| Diluted EPS only (₹) | (0.68) | 1.61 | 11.96 |
| Return on Net Worth (%) | (3.75) | 20.89 | 37.64 |
| NAV per Equity Share (₹) | 18.21 | 19.82 | 31.78 |
| Total Assets (in lakhs) | 3,567.70 | 4,004.01 | 6,375.77 |
| Total Liabilities (in lakhs) | 3,017.86 | 3,393.62 | 5,407.05 |
Racks & Rollers IPO Peer Comparison
Racks & Rollers showcases a RoNW, while Alphalogic Industries, with a higher P/E ratio, reflects a more robust performance.
| Company | CMP(₹ in lakhs) | Face Value (₹) | P/E (₹) | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) | Total Income (₹) |
| Storage Technologies and Automation Limited | NA | 10 | NA | 1.61 | 8.12 | 19.82 | 8,137.12 |
| Alphalogic Industries Limited | 200 | 10 | 33.17 | 6.03 | 50.60 | 138.64 | 1,823.14 |
Storage Technologies & Automation Limited IPO Objective
The main objective of Storage Technologies & Automation Limited is to meet working capital requirements.
- To Meet Working Capital Requirements: The company intends to utilize INR 2,750 lakhs from the Net Proceeds of the Issue in Fiscal 2025 for its working capital needs, supplemented by borrowings and internal accruals as necessary.
- General Corporate Purposes: The company will balance funds towards general corporate goals, including operating expenses, non-identified project costs, and business development; funds will enhance the company’s capabilities and meet necessities.
Racks & Rollers IPO Risks And Challenges
Racks & Rollers’ risk includes a heavy reliance on key customers, lack of price escalation clauses leading to cost variations, inaccurate project estimation, supply chain vulnerabilities, and pricing challenges affecting profitability.
- The company’s heavy reliance on critical customers risks sales and financial stability. While efforts to diversify are ongoing, challenges in maintaining existing relationships and acquiring new clients persist.
- In some projects, the absence of price escalation clauses exposes the company to cost variations, potentially impacting profitability. Inaccurate estimating of project risks, revenues, and costs poses financial and operational challenges.
- The absence of long-term supplier contracts exposes the business to supply chain disruptions and price fluctuations, notably in steel. Substandard materials risk reputation and litigation, while pricing challenges impact profitability.
Storage Technologies & Automation IPO – Industry & Market Potential
The global industrial racking systems market, valued at US$12.5 billion in 2023, is projected to grow at 8.5% CAGR, reaching US$2,768.9 million by 2033. With a 45% market share, India anticipates significant growth driven by booming e-commerce.
The rise of e-commerce drives demand for smart warehousing solutions that integrate AI, robots, and IoT for efficiency. Automation increases to reduce complexity and optimize space, with rack-supported warehouses favored for versatility and space optimization.
The India and MEA industrial racking systems market is poised for growth, notably in India, with an 8.9% CAGR. Selective racking systems lead in revenue, while rental rack systems show rapid expansion. Market competitiveness thrives on diverse strategies like cost efficiency and innovation.
Storage Technologies & Automation Limited IPO – Type of Offer
Storage Technologies & Automation Limited’s IPO consists of a fresh issue of 38,40,000 lakh shares worth INR 29.95 crores. The company aims to meet working capital requirements and general corporate purposes.
Racks & Rollers IPO Offer Size
The offer size of Racks & Rollers is INR 29.95 crores, consisting of a fresh issue of 38,40,000 lakh shares. The company seeks funds to meet working capital requirements and general corporate purposes.
Storage Technologies & Automation IPO Allotment Structure
Storage Technologies & Automation allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 35% for Non-Institutional Investors (NII), and 15% for Retail Individual Investors (RII) according to SEBI regulations.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 35% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 15% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
How to apply for a Storage and Technologies & Automation Ltd IPO?
To apply for the Storage Technologies & Automation IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Storage Technologies & Automation IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Storage Technologies & Automation IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Storage Technologies & Automation’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Storage Technologies & Automation IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Storage Technologies & Automation IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Storage Technologies & Automation IPO:
● Registrar’s Website: Visit the website of Integrated Registry Management Services Private Limited, the registrar of the Storage Technologies & Automation IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) Small Medium Enterprise (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Storage Technologies & Automation Ltd IPO Offer Registrar
The registrar for the Storage Technologies & Automation IPO is Integrated Registry Management Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Integrated Registry Management Services Private Limited
Address: #30, Ramana Residency,
4th Cross, Sampige Road, Malleswaram,
Bengaluru-560003
Tel. Number: 080-23460815 – 818
Email Id: [email protected]
Website: www.integratedindia.in
Storage Technologies & Automation IPO – FAQs
The allotment date of the Storage Technologies & Automation IPO is May 6, 2024.
The price band of the issue is INR 73-78 per share.
The offer size of Racks & Rollers is INR 29.95 crores, consisting of a fresh issue of 38,40,000 lakh shares. The company seeks funds to meet working capital requirements and general corporate purposes.
The listing date of Storage Technologies & Automation’s IPO is May 8, 2024.
