
Industrial / Capital Goods · BSE
Founded in October 2010, Storage Technologies and Automation Limited is a top name in the storage solutions industry, specializing in manufacturing and installing metal storage racks, automated warehouses, and other storage systems. The company serves various industries, including oil & gas, automotive, pharmaceuticals, retail, and FMCG, providing customized solutions to meet different business needs. With an ISO 9001:2015 certification, the company ensures high-quality manufacturing for durable and reliable products. It operates a 76,250 sq. ft. manufacturing facility in Bangalore and a 20,000 sq. ft. storage space, enabling it to meet global demand efficiently. Having completed 2,500+ projects and served 900+ customers in over 30 countries, the company is committed to innovation and customer satisfaction. As of October 31, 2023, it employs 166 permanent and 94 contracted workers, continuing to grow as a major player in the global storage solutions market.
Price Band
₹73 – ₹78
Issue Size
₹29.95 Cr
Lot Size
1600 shares
GMP
+76.9%
Est. Listing
₹138
at current GMP
Subscribed
278.89x
overall
Open
30 Apr 2024
Close
3 May 2024
Allotment
6 May 2024
Refund
7 May 2024
Demat Credit
8 May 2024
Listing
8 May 2024
Designated Registrar: Integrated Registry Management Services Private Limited
Allotment Date
6 May 2024
Basis finalization
Refunds Initiate
7 May 2024
Mandate release
Demat Credit
8 May 2024
Shares in demat
Listing Debut
8 May 2024
Trading begins
Storage Technologies & Automation Limited is bringing an initial public offering (IPO) in the Industrial / Capital Goods sector with an aggregate issue size of ₹29.95 Crores. The shares are offered at a price band of ₹73 to ₹78 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,24,800 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Integrated Registry Management Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-05-08, while un-allotted funds or UPI block mandates will be released on 2024-05-07.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.