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26 April 2024

Storage Technologies & Automation Limited IPO

Storage Technologies & Automation Ltd. is one of the most influential leaders and a coveted name in the Storage, Warehousing and Automation industry. Following their passion for developing state of the art, economically efficient storage systems for the past three decades, the company has gathered a pool of extensive experience, expert staff and valuable knowledge by challenging themselves with some of the most demanding projects across the world. Storage Technologies & Automation IPO is a book built issue of Rs 29.95 crores.

The issue is entirely a fresh issue of 38.4 lakh shares. Storage Technologies & Automation IPO price band is set at ₹73 to ₹78 per share. The minimum lot size for an application is 1600 Shares. Oneview Corporate Advisors Private Limited is the book running lead manager of the Storage Technologies & Automation IPO, while Integrated Registry Management Services Private Limited is the registrar for the issue. The market maker for Storage Technologies & Automation IPO is Nikunj Stock Brokers.

Storage Technologies & Automation Limited IPO Overview

Detail	Description
IPO Date	April 30, 2024 to May 3, 2024
Listing Date	-
Face Value	₹10 per share
Price Band	₹73 to ₹78 per share
Lot Size	1600 Shares
Total 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	200,000 shares

Storage Technologies & Automation Limited IPO Timeline (Tentative Schedule)

Detail	Description
IPO Open Date	Tuesday, April 30, 2024
IPO Close Date	Friday, May 3, 2024
Basis of Allotment	Monday, May 6, 2024
Initiation of Refunds	Tuesday, May 7, 2024
Credit of Shares to Demat	Tuesday, May 7, 2024
Listing Date	Wednesday, May 8, 2024
Cut-off time for UPI mandate confirmation	5 PM on May 3, 2024

Storage Technologies & Automation Limited IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue

Storage Technologies & Automation Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹124,800
Retail (Max)	1	1600	₹124,800
HNI (Min)	2	3,200	₹249,600

Storage Technologies & Automation Limited IPO Promoter Holding

Shareholding Pre Issue	100.00%
Shareholding Post Issue	70.09%

Company & Financials

Storage Technologies and Automation Limited is founded in October 2010 engaged in storage racking systems. The company is an ISO 9001:2015 certified storage solution manufacturing company. The company's manufacturing process is supported by approximately 56,250 square feet of space in Bangalore and 20,000 square feet of storage space. To date, the company has executed more than 2500 projects and has served more than 900 customers worldwide. The company has a presence in over 30 countries across the globe. Storage Technologies & Automation Ltd. (STAL) is engaged into storage racking system. It specializes in design, manufacturing, installation services of metal storage racks, automated warehouses and other storage solutions. Its range of products and services demonstrates their commitment to providing innovative, efficient solutions for diverse warehousing needs, catering to a wide range of industries each with its own specific storage and logistical requirements, which includes oil & gas, automotive components & aerospace, food & beverages and cold storage, pharmaceutical, textile, retail, FMCG and others.

Storage Technologies & Automation Limited Financial Information

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 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 After Tax	358.91	48.30	-20.49	118.42
Net Worth	953.52	594.61	546.31	566.81
Reserves and Surplus	653.52	294.61	246.31	466.81
Total Borrowing	1,632.53	931.63	871.10	347.48
Amount in ₹ Lakhs

Key Performance Indicator

KPI	Values
ROE	46.37%
ROCE	22.52%
RoNW	37.64%
PAT Margin (%)	6.78

	Pre IPO	Post IPO
11.96
P/E (x)	48.45

Objectives of Storage Technologies & Automation Limited IPO

The company intend to utilize the proceeds of the Issue to meet the following objectives: -

1. To meet Working Capital requirements.
2. General Corporate Purpose.

Storage Technologies & Automation Limited IPO review

The company is operating in a highly competitive and fragmented segment. It marked inconsistency in its bottom lines from FY21 to FY23 and posted bumper profits for 7M-FY24 which appears to be a window dressing for fancy valuation of the IPO. Though based on super annualized earnings of FY24, the issue appears fully priced, based on FY23 earnings, its exorbitantly priced. As of April 01, 2024, it had order book of Rs. 21+ cr. Well-informed/cash surplus investors may park funds for medium term.

FAQs for Storage Technologies & Automation Limited IPO

Why Storage Technologies & Automation Limited IPO?

The initial public offer (IPO) of Storage Technologies & Automation Ltd (Racks & Rollers) offers an early investment opportunity in Storage Technologies & Automation Ltd (Racks & Rollers). A stock market investor can buy Storage Technologies & Automation IPO shares by applying in IPO before Storage Technologies & Automation Ltd (Racks & Rollers) shares get listed at the stock exchanges. An investor could invest in Storage Technologies & Automation IPO for short term listing gain or a long term.
Storage Technologies & Automation IPO what should investors do?

Storage Technologies & Automation IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges.
Is Storage Technologies & Automation IPO good?

Our recommendation for Storage Technologies & Automation IPO is to subscribe for long term.
When will Storage Technologies & Automation IPO allotment status?

The Storage Technologies & Automation IPO allotment status will be available on or around May 6, 2024.
When will Storage Technologies & Automation IPO list?

The Storage Technologies & Automation IPO list date is not yet available.