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IPO

IPO Details


Storage Technologies & Automation Ltd
Registered Office: # X S.# 21/6A 21/7A 21/7B 21/8, Singanayakahalli Yelahanka, Bangalore - 560064, Karnataka
Phone: +91 98444 86300
Email: cs@racksandrollers.com
Website: https://racksandrollers.com
Public issue of upto 38,40,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Storage Technologies and Automation Limited (Storage Technologies or the Company or the Issuer) for cash at a price of Rs. 78/- per equity share including a share premium of Rs. 68/- per equity share (the Issue Price) aggregating to Rs. 29.95 crores (The Issue), of which 2,00,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 78/- per equity share including a share premium of Rs. 68/- per equity share aggregating to Rs. 1.56 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 36,40,000 equity shares of face value of Rs. 10/- each at a price of Rs. 78/- per equity share including a share premium of Rs. 68/- per equity share aggregating to Rs. 28.39 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 29.91 % and 28.35 % respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. The face value of the equity shares is Rs. 10/- each and the issue price is Rs. 78/-. The issue price is 7.8 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
30-Apr-2024 03-May-2024 ₹ 78.00 ₹ 0.00
Minimum Application for shares in Nos : 1600 Further Multiples of : 1600
(₹)Cr. Lead Managers to the Issue
Project Cost 27.53 Oneview Corporate Advisors Pvt Ltd
Project Financed through Current Offer 29.95
Post Issue Equity Share Capital 12.84
Issue Price ₹78.00
Projects
To meet working capital requirements
General corporate expenses
Promoted By
Hanif A Khatri
Mohammad Arif Abdul Gaffardor
Khasim Sait
Listing At
BSE - SME
Registrar to the Issue
Integrated Registry Mgt Ser.Pv

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

USD

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NASDAQ

17,573.30 -54.76 (-0.31%)

HANG SENG

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