May 8, 2024
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Storage Technologies IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
Storage Technologies IPO :
Post Listing Review: Listed at Rs. 148.20, premium of 90% over the issue price of Rs. 78. The listing has been much above the expectations of the grey market players.
What is the last GMP of Storage Technologies IPO?Premium: Rs.53
Subject to Rs.64400
Check Subscription status of Storage Technologies IPO
On 2 May 2024 @ 5.00 (Day 2)
Review: Weak response on Day 2
QIB: 1820000 Shares 0.12 T
NII: 546000 Shares 37.75 T
RII: 1274000 Shares 48.25 T
Total: 3640000 Shares 32.26 T
What is the business of Storage Technologies?
The Company was incorporated in the year 2010 and is engaged into storage racking system. It specialises 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.
It offers its clients with a wide variety of display and storage racks for commercial as well as industrial purposes. These are manufactured using qualitative raw materials. This helps in ensuring the durability and optimum strength of the finished products. We also use different grades of Mild steel (Hot rolled coils, cold rolled coils, Galvanised steel coils, PPGI coils, pipes and structural sections), powder for powder coating, Epoxy, Enamel paints and plastic for packaging as raw material.
As an ISO 9001:2015 certified storage solution manufacturing company, its commitment to quality is evident. Its expansive infrastructure, spanning approximately 56,250 square feet in Singanayakanahalli, Yelahanka Hobli, Bangalore-560064, Karnataka and approximately 20,000 square feet of storage facility supports a streamlined manufacturing process.
Get more information about the company @ https://racksandrollers.com
| Storage Technologies IPO Details | |
| IPO opens on | 30 April 2024 |
| IPO closes on | 3 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3840000 Sh /Rs 29.95 Cr |
| * Fresh Issue | 3840000 Sh /Rs 29.95 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 200000 Sh. |
| Net offer to Public | 3640000 Sh./Rs.28.39 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs.73-78 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | BSE SME |
| Shares offered in Storage Technologies IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 1820000 | 14.20 |
| NII (15%) | 546000 | 4.26 |
| RII (35%) | 1274000 | 9.93 |
| Total Shares | 3640000 | 28.39 |
| Retail portion will be oversubscribed by | 796 | |
| Forms | ||
| How much Shares to Apply in Storage Technologies IPO? | ||
| Min Retail Application | 1600 Sh | Rs. 124800 |
| Min HNI Application | 3200 Sh | Rs.249600 |
Who are the Promoters of Storage Technologies IPO?
MR. HANIF A. KHATRI, MR. MOHAMMAD ARIF ABDUL GAFFAR DOR,MR.
KHASIM SAIT, MR. SYED AZEEM, MR. AFZAL, HUSSAIN AND MR. NUUMAAN KHASIM are the promoters of the company.
What are the Objects of Storage Technologies IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The objects of the present issue of Equity Shares are:
1 To meet Working Capital requirements
2. General Corporate Purpose
| Storage Technologies IPO Tentative timetable | |
| IPO opens on | 30 April 2024 |
| IPO Closes on | 3 May 2024 |
| IPO Allotment on | 6 May 2024 |
| Refund Initiation | 7 May 2024 |
| Credit of Shares | 7 May 2024 |
| Listing on | 8 May 2024 |
| Registered Office of the Company No 10, Survey No 21/6A, 21/7A, 21/7B and 21/8 Singanayakanahalli, Yelahanka, Bangalore, Bangalore, Karnataka, India, 560064 |
| Who is the Lead Manager of Storage Technologies IPO? Oneview Corporate Advisors pvt ltd |
| Who is the Registrar to IPO? Integrated Registry Management Services Pvt ltd |
| Storage Technologies IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | – | – | 3.95 | 8.12 |
| 2021-22 | – | – | -0.68 | -3.75 |
| 2022-23 | – | – | 1.61 | 20.89 |
| Book Value of the Share on | 31.08.2023 | Rs 19.82 | ||
| BV of the Share at cap price | after the IPO | Rs. 38.75 | ||
| Offer Price/upper band | Rs. 78.00 | |||
| Storage Technologies IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 48.45 |
| Price/BV Ratio | 6.65 |
| Upper price/BV after IPO | 2.17 |
How Storage Technologies IPO compares with the Peers?
How PE ratio of the company is arrived at is explained in our guidance given below:
| As per DRHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| Storage Technologies | 10 | 81.37 48.45 | |
| Alphalogic | 10 | 18.23 | 33.17 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Storage Technologies IPO To the point Guidance
The Company was incorporated in the year 2010 and is engaged into storage racking system. It specialises in design, manufacturing, installation services of metal storage racks, automated warehouses and other storage solutions.
Size: The net offer is of Rs. 29.95 Crore/3840000 shares. Retail portion is Rs. 9.93 crore and it can get one time subscribed with 796 applications. Though the size of the IPO is somewhat large, over subscription may not be an issue.
Financial Snapshot: The company has fluctuating and yet good profitability. The shares are offered at somewhat higher valuation, when you compare the same with peer group company. Small listing gains is possible. May Apply.
Quicklinks
Storage Technologies IPO GMP today details?
Storage Technologies IPO
Storage Technologies IPO FAQs
What is Storage Technologies IPO?
Storage Technologies is a SME IPO of 6700000 equity shares of the face value of Rs. 10 aggregating up to Rs.? Crores. The issue is priced at Rs.? per share. The minimum order quantity is ? Shares.
When will Storage Technologies IPO open?
Storage Technologies IPO opens on April 30, 2024, and closes on May 3, 2024.
What is the lot size of Storage Technologies IPO?
Storage Technologies IPO lot size is 1600 Shares, and the minimum amount required is Rs.124800.
How to apply for Storage Technologies IPO?
You can apply in Storage Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Storage Technologies IPO allotment?
The finalization of Basis of Allotment for Storage Technologies IPO will be done on May 6, 2024, and the allotted shares will be credited to your demat account by May 7, 2024.
When is Storage Technologies IPO listing date?
Storage Technologies IPO listing date is May 8, 2024.
What is GMP OFipo?