Storage Technologies & Automation Limited
Book Built Issue IPO · BSE
- Price band
- ₹73 - ₹78
- Lot size
- 1,600 shares
- Issue amount
- ₹29.95 cr
- Total subscription
- 278.89×
- Opens
- 30 Apr 2024
- Closes
- 3 May 2024
- Allotment
- 6 May 2024
- Listing
- 8 May 2024
Offer at a glance
Issue overview
- Issue size
- 38,40,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,16,800
- Fresh issue
- ₹29.95 cr
- Offer for sale
- ₹0 cr
- Registrar
- Integrated Registry Management Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,24,800
- Issue type
- Book Built Issue IPO
- Shares before issue
- 90,00,000
- Shares after issue
- 1,28,40,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,24,800 |
| HNI | 2 | 3,200 | ₹2,49,600 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.68 | 669.24 |
| RETAIL | 9.95 | 2,414.46 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Oct-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 11.96 | 1.61 | -0.68 |
| ROE | 46.37 | 8.47 | -3.68 |
| ROCE | 22.52 | 13.76 | 4.02 |
| RONW | 37.64 | 20.89 | -3.75 |
| PRE IPO(PE) | 6.78 | 0 | 0 |
| POST IPO(PE) | 48.45 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in October 2010, Storage Technologies and Automation Limited is a top name in the storage solutions industry, specializing in manufacturing and installing metal storage racks, automated warehouses, and other storage systems. The company serves various industries, including oil & gas, automotive, pharmaceuticals, retail, and FMCG, providing customized solutions to meet different business needs. With an ISO 9001:2015 certification, the company ensures high-quality manufacturing for durable and reliable products. It operates a 76,250 sq. ft. manufacturing facility in Bangalore and a 20,000 sq. ft. storage space, enabling it to meet global demand efficiently. Having completed 2,500+ projects and served 900+ customers in over 30 countries, the company is committed to innovation and customer satisfaction. As of October 31, 2023, it employs 166 permanent and 94 contracted workers, continuing to grow as a major player in the global storage solutions market.
Strengths
- Strong Customer Relationships: The company focuses on building lasting customer relationships and attracting new clients, helping it grow its market presence and boost revenue over time.
- Keeping Up with Technology: By embracing the latest technology, Storage Technologies and Automation Limited stays ahead in the storage solutions industry, offering innovative products that match changing market needs.
- Efficient Use of Resources: With smart management of its facilities, storage space, and workforce, the company ensures smooth operations, cost-effectiveness, and on-time delivery of high-quality storage solutions worldwide.
Risk factors
- Dependence on Raw Materials: The company relies on the availability, cost, and quality of raw materials for production. Any supply chain issues could lead to higher costs, delays, and reduced competitiveness.
- Past Financial Struggles: Previous negative cash flows suggest financial challenges, which might affect the company’s ability to cover expenses, invest in growth, and repay debts.
- Unclear Loan Terms: Some unsecured loans lack clear terms, which could create financial risks. Without proper agreements, securing funds for business growth and daily operations may become difficult.
Promoters
Mr. Khasim Sait
Mr. Mohammad Arif Abdul Gaffar Dor
Mr. Hanif A Khatri
Mr. Syed Azeem
Mr. Afzal Hussain
Mr. Nuumaan Khasim
Registrar & documents
Lead manager
Oneview Corporate Advisors Private Limited
Registrar & contacts
Integrated Registry Management Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
No 10, Survey No 21/6A, 21/7A, 21/7B and 21/8 Singanayakanahalli, Yelahanka, Bangalore, Bangalore-560064,
+91 98444 86300
[email protected]Company website ↗Understanding STAL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.