What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Storage Technologies & Automation Limited IPO?

Storage Technologies & Automation Limited IPO has received a total subscription of 278.89 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Storage Technologies & Automation Limited

ListedSME

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

₹60

+76.9%

Est. Listing

₹138

at current GMP

Subscribed

278.89x

overall

Open

30 Apr 2024

3 May 2024

Allotment

6 May 2024

Refund

7 May 2024

Demat Credit

8 May 2024

Listing

8 May 2024

Last updated 11 months ago

Overview Live GMP Subscription Status Allotment Status

Overall Subscription

278.89x

Total Demand

QIB Multiplier

117.86x

Institutions & Funds

NII / HNI

577.39x

High Net-Worth

Retail (RII)

242.74x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 278.89x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	728,000	85,800,000	117.86x
NIB	547,200	315,945,600	577.39x
RETAIL	1,275,200	309,545,600	242.74x
Total	2,550,400	711,291,200	278.89x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 254.65x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	840	203,902	242.74x
HNIs (10L +)	5	2,887	577.39x
HNIs (2-10L)	26	15,012	577.39x
Total Applications	871	221,801	254.65x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Storage Technologies & Automation Limited Public Issue & Market Profile

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.

Bidding & Quota Instructions:

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 Schedule:

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.

Frequently Asked Questions

What is Storage Technologies & Automation Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Storage Technologies & Automation Limited IPO is ₹60 per equity share. Based on the upper price band of ₹73 to ₹78 per equity share, the estimated listing price is ₹138 (+76.9% expected listing gain).

What is the expected profit per lot for Storage Technologies & Automation Limited IPO?

With a lot size of 1600 shares and current GMP of ₹60, the expected profit per application lot is approx ₹96,000 (+76.9% gain). Minimum application cost is approx ₹1,24,800.

What is the issue size and price band for Storage Technologies & Automation Limited IPO?

The Storage Technologies & Automation Limited IPO aggregate issue size is ₹29.95 Crores with an equity price band set at ₹73 to ₹78 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,24,800.

How can I check Storage Technologies & Automation Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 278.89x (Retail: 242.74x, QIB: 117.86x, NII: 577.39x). You can track live multiples directly on our dedicated subscription page.

Where and when will Storage Technologies & Automation Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Integrated Registry Management Services Private Limited) and the BSE status verification website on or around 2024-05-06. Investors can verify status using PAN card or application number.

When is the listing date for Storage Technologies & Automation Limited IPO?

Storage Technologies & Automation Limited shares are scheduled to list on BSE on 2024-05-08.