Gainers & Losers

YOU ARE ON :
  • HOME /
  • IPO /
  • IPO ISSUES /
  • IPO-SYNOPSIS

Storage Technologies & Automation Ltd

Registered Office: # X S.# 21/6A 21/7A 21/7B 21/8,Singanayakahalli Yelahanka, Bangalore - 560064, Karnataka, India.
Phone : +91 98444 86300   Fax:
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. [*] per equity share including a share premium of Rs. [*] per equity share (the "Issue Price") aggregating to Rs. [*] crores ("The Issue"), of which 2,00,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share aggregating to Rs. [*] 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. [*] per equity share including a share premium of Rs. [*] per equity share aggregating to Rs. [*] 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. Price Band: Rs. 73 to Rs. 78 per equity share of face value of Rs. 10 each. The floor price is 7.3 times of the face value and the cap price is 7.8 times of the face value. Bid can be made for a minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.

Issue Money Payable On
Opens on Closes On Application Allotment
30-Apr-24 03-May-24 73.00-78.00 0.00-0.00
Minimum Application for shares in Nos : 1600   Further Multiples of : 1600
  Rs(Cr.) Lead Managers to the Issue
Project Cost 0.00 Oneview Corporate Advisors Pvt Ltd
Project Financed through Current Offer 28.03  
Post Issue Equity Share Capital 12.84  
Issue Price 73.00  

Project

  • 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

Attention Investor:

1) "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         2) For Stock Broking Transaction "Prevent unauthorised transactions in your account Update your mobile numbers / email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day .... Issued in the interest of Investors."         3) For Depository Transaction "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day....Issued in the interest of investors."         4) No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.