Storage Technologies & Automation(BSE SME)
Apr 30, 2024 - May 3, 2024
| Price | ₹73 - ₹78 |
| Premium | ₹60 |
|---|---|
| Lot size | 1600 |
| Allotment | May 6, 2024 |
| Listing | May 8, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 124800 | 797 |
| HNI | 2 | 3200 | 249600 | 342 |
Last updated on 03 May 2024 | 05:58:17 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 728000 | 85800000 | 117.86 |
| HNIs | 547200 | 315945600 | 577.39 |
| Retail | 1275200 | 309545600 | 242.74 |
| Total | 2550400 | 711291200 | 278.89 |
| Total Application : 268,741 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹60.46 | @8% ₹69.1 | @9% ₹77.73 | @10% ₹86.37 | @11% ₹95.01 | @12% ₹103.65 |
Anchor List
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| BELGRAVE INVESTMENT FUND | 481600 | 44.20% | 3.76 |
| ACINTYO INVESTMENT FUND PCC CELL-1 | 256000 | 23.49% | 2.00 |
| PERSISTENT GROWTH FUND- VARSU INDIA GROWTH STORY SCHEME 1 | 222400 | 20.41% | 1.73 |
| SB OPPURTUNITIES FUND I | 129600 | 11.89% | 1.01 |
| Total | 1089600 | 100.00% | 8.50 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.20% | 1275200 |
| NII (HNI) | 14.25% | 547200 |
| Anchor | 28.38% | 1089600 |
| QIB | 18.96% | 728000 |
| Market Maker | 5.21% | 200000 |
| Total | 100.00% | 3840000 |
Established in October 2010, Storage Technologies and Automation Limited stands as a leading player in the storage solutions industry, specializing in the manufacturing and installation of metal storage racks, automated warehouses, and other storage systems. With a diverse clientele spanning various sectors including oil & gas, automotive, pharmaceuticals, retail, and FMCG, the company has garnered a reputation for delivering innovative and customized storage solutions tailored to meet the unique needs of each industry. Boasting ISO 9001:2015 certification, Storage Technologies and Automation Limited maintains stringent quality standards across its manufacturing processes, ensuring reliability and durability in its products. With manufacturing facilities totaling approximately 76,250 square feet in Bangalore, coupled with a vast storage space of 20,000 square feet, the company is well-equipped to cater to the demands of its global clientele. Having completed over 2500 projects and served more than 900 customers worldwide, and with a presence in over 30 countries, the company's commitment to excellence and customer satisfaction remains unwavering. As of October 31, 2023, with a workforce comprising 166 permanent employees and 94 contracted employees, Storage Technologies and Automation Limited continues to thrive as a key player in the global storage solutions market.
Racks & Rollers IPO Details
| Issue Size | 3,840,000 shares (aggregating up to ₹29.95 Cr) |
| Fresh Issue | 3,840,000 shares (aggregating up to ₹29.95 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 9,000,000 |
| Share holding post issue | 12,840,000 |
| Market Maker Portion |
200000 Shares Nikunj Stock Brokers |
Key Performance Indicator
| KPI | Oct-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 46.37% | 8.47% | -3.68% |
| ROCE | 22.52% | 13.76% | 4.02% |
| RONW | 37.64% | 20.89% | -3.75% |
| EPS (basic & Diluted) |
11.96 | 1.61 | -0.68 |
| P/BV | 6.78 | ||
|
P/E Pre IPO |
48.45 |
Company Financials
Storage Technologies & Automation Ltd Financial Information (Restated Consolidated)
Storage Technologies & Automation Ltd's revenue increased by 16.42% and profit after tax (PAT) rose by 335.72% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Oct 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 6,375.77 | 4,004.01 | 3,567.70 | 3,113.04 |
| Revenue | 5,317.09 | 8,137.12 | 6,989.72 | 4,852.38 |
| Profit | 358.91 | 48.30 | -20.49 | 118.42 |
| Net Worth | 953.52 | 594.61 | 546.31 | 566.81 |
| Reserves | 653.52 | 294.61 | 246.31 | 466.81 |
| Borrowing | 1,632.53 | 931.63 | 871.10 | 347.48 |
| Amount in Lakhs | ||||
Strength Factors
Proactive Customer Relationship Management: The Company’s focus on strengthening customer relationships and acquiring new business by adding new customers enhances its market presence and fosters long-term partnerships, driving sustained growth and revenue expansion.
Embracing Technological Advancements: Storage Technologies and Automation Limited's commitment to technological advancement enables it to stay at the forefront of innovation in the storage solutions industry, offering cutting-edge products and services that meet evolving customer demands and market trends.
Optimized Resource Utilization: Through optimal utilization of resources, including manufacturing facilities, storage space, and workforce, the company maximizes operational efficiency and cost-effectiveness, ensuring seamless production processes and timely delivery of high-quality storage solutions to its global clientele.
Risk Factors
Dependency on Raw Materials: The Company’s operations are highly sensitive to the prices, availability, and quality of raw materials necessary for production. Fluctuations or disruptions in the supply chain could lead to increased costs, production delays, and potential loss of market competitiveness.
Historical Negative Cash Flows: Past instances of negative cash flows indicate potential liquidity constraints and financial instability, which may hinder the company's ability to meet operational expenses, invest in growth initiatives, and service debt obligations.
Uncertainty Regarding Unsecured Loans: The lack of clarity on terms and conditions for certain unsecured loans could pose risks to the company's financial health and operational continuity. Without sanctioned loan agreements in place, Storage Technologies and Automation Limited may face challenges in securing necessary funding for business expansion or working capital requirements, potentially impacting its business operations.
Integrated Registry Management Services Private Limited
Phone: + 91 44 2814 0801 to 803
Email: giri@integratedindia.in
Website: https://www.integratedindia.in/corporate-container.aspx?cpi