Storage Technologies IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Storage Tech

CMP

173.35

-19.25 (-9.99%)

  • DRHP
₹78

Offer Price

₹ 29.95 Cr

Issue Size

₹ 1,24,800

Min Investment

1,600

Lot size

Time Line

  • 30
    Apr 2024
    Open
  • 03
    May 2024
    Close
  • 06
    May 2024
    Finalisation of Basis of Allotment
  • 07
    May 2024
    Initiation of Refunds
  • 07
    May 2024
    Transfer of Shares to Demat Account
  • 08
    May 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Strengthen customer relationship and acquire new business by adding new customers.

  • Continue to reduce operating costs and improve operational efficiencies.

  • Optimal Utilization of Resources.

  • Technological Advancement.

Strengths

  • Experienced Promoters supported by senior management team.

  • Wide range of products.

  • Consistent focus on quality.

  • Product development and design optimisation capabilities.

Risks

  • The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.

  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

  • The unexpected loss, shutdown or slowdown of operations at its manufacturing plant could have a material adverse effect on its results of operations and financial condition.

  • Inaccurate estimation of risks, revenues, or costs for a projects could negatively impact its profitability and operational results. Actual costs during project execution may significantly deviate from bid assumptions, leading to challenges in recovering additional expenses and potentially having a material adverse effect on itsr operational results, cash flows, and financial condition.

  • Its operations are significantly influenced by the prices, availability, and quality of the raw materials essential for its production processes.

Company Promoters

Promoters Holding

Issue For IPO
29.61%
Pre Holding

99.00%

Post Holding

69.39%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 69.87 (44.10%) 81.32 (16.40%) 8.12 (-)
Gross Profit 69.87 (44.10%) 81.32 (16.40%) 8.12 (-)
Net Income 69.87 (44.10%) 81.32 (16.40%) 8.12 (-)
Assets 69.87 (44.10%) 81.32 (16.40%) 8.12 (-)
Liabilities 69.87 (44.10%) 81.32 (16.40%) 8.12 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Storage Technologies & Automation Ltd 81.32 0.48 17.05 11.10 8.12 1.61 19.82 1.26 0.62
Alphalogic Industries Ltd 18.02 2.19 9.18 9.18 50.60 111.53 138.61 23.90 0.86

Book Running Managers

  • Oneview Corporate Advisors Pvt Ltd

Registrar & Transfer Agent

Integrated Registry Mgt Ser.Pv

#30 Ramana Residency,
4th Cross Sampige Rd,
Malleswaram - Bangalore - 560003
Phone : 91-80-23460815-818 Fax: 91-80-23460819

Company Contact Information

# X S.# 21/6A 21/7A 21/7B 21/8,
Singanayakahalli Yelahanka,
Bangalore - 560064
Phone : +91 98444 86300 Email : cs@racksandrollers.com https://racksandrollers.com

Offer Related Information

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... More

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