Storage Technologies & Automation Ltd

Storage Tech IPO

Storage Technologies & Automation Ltd

₹1,24,800 /1600 sharesMinimum investment

IPO details

Minimum investment
₹1,24,800
Price range
₹78 - ₹78
Lot size
1,600
Issue size
29.95 Cr
Face value
10

Subscription rate

Data will be available soon

Schedule

30 Apr 2024
IPO open date
3 May 2024
IPO close date
6 May 2024
Allotment date
6 May 2024
Funds unblock or debit
8 May 2024
Tentative listing date

About

Storage Technologies & Automation Limited was incorporated in the year 2010 and is engaged in a storage racking system. The Company 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.;
Parent organisation
Storage Technologies & Automation Ltd

Storage Tech Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
36.3149.3762.02202020212022

Strengths & Risks

Strengths
Risks
Experienced Promoters supported by senior management team.
Wide range of products.
Consistent focus on quality.
Product development and design optimisation capabilities.
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.

Application details

For Storage Tech IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹78 - ₹78₹2 - ₹5 Lakhs1600
High Networth Individual₹78 - ₹78₹2 - ₹5 Lakhs1600

Frequently Asked Questions