storage Technologies & Automation Ltd
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 30-04-2024 | 03-05-2024 | 10 | 0 | 1600 Shares | BSE SME | 3,840,000 shares (aggregating up to ₹29.95 Cr) | 2024-05-06 00:00:00 | 2024-05-07 00:00:00 | 2024-05-07 00:00:00 | 08-05-2024 |
About The Company
Racks & Rollers IPO is a book built issue of Rs 29.95 crores. The issue is entirely a fresh issue of 38.4 lakh shares.
Racks & Rollers IPO opens for subscription on April 30, 2024 and closes on May 3, 2024. The allotment for the Racks & Rollers IPO is expected to be finalized on Monday, May 6, 2024. Racks & Rollers IPO will list on BSE SME with tentative listing date fixed as Wednesday, May 8, 2024.
Racks & Rollers IPO price band is set at ₹73 to ₹78 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹124,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹249,600.
Oneview Corporate Advisors Private Limited is the book running lead manager of the Racks & Rollers IPO, while Integrated Registry Management Services Private Limited is the registrar for the issue.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 31-08-2023 | 6376 | 5317 | 359 | 953.52 | 653.52 | 1632.53 |
| 31-03-2023 | 4004 | 8137 | 48 | 594.61 | 294.61 | 931.63 |
| 31-03-2022 | 3568 | 6990 | -20 | 546.31 | 246.31 | 871.1 |
| 31-03-2021 | 3113 | 4852 | 118 | 566.81 | 466.81 | 347.48 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Anchor Investors | 1 |
| Qualified Institutions | 117.86 |
| Non-Institutional Buyers | 577.02 |
| Retail Investors | 242.74 |
| Total | 278.82 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | 124800 |
| Retail (Max) | 1 | 1600 | 124800 |
| HNI (Min) | 2 | 3200 | 249600 |
IPO Listing Details
| Listing Date | 08-05-2024 |
| BSE Script Code | N/A |
| NSE Symbol | N/A |
| ISIN | N/A |
| Final Issue Price | 0 |
Promoter holdings
Mr. Khasim Sait, Mr. Mohammad Arif Abdul Gaffar Dor, Mr. Hanif A Khatri, Mr. Syed Azeem, Mr. Afzal Hussain and Mr. Nuumaan Khasim
Contact Information of the Company
Storage Technologies & Automation Ltd
No 10, Survey No 21/6A
21/7A, 21/7B and 21/8 Singanayakanahalli,
Yelahanka, Bangalore, Bangalore-560064,
Phone: +91 98444 86300
Email: cs@racksandrollers.com
Website: https://racksandrollers.com/
IPO Registrar
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
IPO Lead Manager
Oneview Corporate Advisors Private Limited (Past IPO Performance)