Issue Price
₹78
Per Share
GMP
NIL
Grey Market
Est. Listing
₹78
Expected Price
Min. Application
₹249,600
2 lots × 1600 shares
Founded in October 2010, "Storage Technologies and Automation Limited is engaged in storage racking systems.The company manufactures and installs metal storage racks, automated warehouses, and other storage solutions. The company provides storage solutions for various industries, including oil & gas, automotive, aerospace, food & beverages, pharmaceuticals, textiles, retail, and FMCG.The company is an ISO 9001:2015 certified storage solution manufacturing company.The company's manufacturing process is supported by approximately 56,250 square feet of space in Bangalore and 20,000 square feet of storage space.To date, the company has executed more than 2500 projects and has served more than 900 customers worldwide.The company has a presence in over 30 countries across the globe.As of October 31, 2023, the company has a total of 166 permanent employees and 94 contracted employees.
Storage Technologies & Automation Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 200,000 | — | ₹1.56 Cr | — |
| TOTAL | 3,840,000 | 100.00% | ₹29.95 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹124,800 |
| Retail (Max) | 13 | 20,800 | ₹1,622,400 |
| sNII (Min) | 14 | 22,400 | ₹1,747,200 |
| bNII (Min) | 68 | 108,800 | ₹8,486,400 |
| Particulars | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 5317.09 | 8137.12 | 6989.72 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 358.91 | 48.30 | -20.49 |
| Net Worth | 953.52 | 594.61 | 546.31 |
| Total Assets | 6375.77 | 4004.01 | 3567.70 |
| Reserves & Surplus | 653.52 | 294.61 | 246.31 |
| Total Borrowings | 1632.53 | 931.63 | 871.10 |