Storage Technologies & Automation IPO

Storage Technologies & Automation Limited's IPO includes a fresh issue of 38,40,000 lakh shares valued at INR 29.95 cr to meet operational needs.

Important Details

Date: April 30,to May 3, 2024 Listing Date: May 8, 2024 Price: INR 73-78 per share Lot Size: 1600 Shares Total Issue Size: INR 29.95cr

Fundamental Analysis

Storage Technologies & Automation financial analysis: revenue rose but fell later, Profitability and equity improved, yet lower RoNW, reflecting mixed company performance.

Peer Comparison

Racks & Rollers displays a RoNW, whereas Alphalogic Industries, with a higher P/E ratio, demonstrates a stronger performance.

Objective

Storage Technologies & Automation Limited's primary goal is to fulfill working capital needs.

Risks And Challenges

Racks & Rollers risks include heavy customer reliance,  no price escalation clauses, inaccurate project estimates, supply chain vulnerabilities & pricing challenges,affecting profitability.

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