Storage Technologies & Automation Ltd IPO
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Storage Technologies & Automation Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 38.4 L | TBA | ₹ 12.75 L | ₹ 89.1 L | BSE | ₹ 29.95 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 30 Apr, 24 | 03 May, 24 | 1600 | ₹ 1,16,800 | Book Building - SME | 08 May, 24 |
Storage Technologies & Automation Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 47.21x | 1817600 | 85800000 |
| NII | 577.39x | 547200 | 315945600 |
| Retail | 242.74x | 1275200 | 309545600 |
| Employee | 0x | 0 | 0 |
| Total | 185.23x | 3840000 | 711291200 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Storage Technologies & Automation Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 93.74 | 81.32 | 69.87 |
| EBITDA | 11.96 | 4.77 | 2.50 |
| PAT | 5.81 | 0.29 | -0.78 |
| Total Assets | 48.53 | 28.80 | 17.93 |
| Share Capital | 9.00 | 3.00 | 3.00 |
| Total Borrowings | 7.70 | 7.39 | 3.60 |
| Operating Activities (Net Cash) | 7.80 | 2.45 | 0.90 |
| Investing Activities (Net Cash) | 0.01 | 0.01 | 0.01 |
| Financing Activities (Net Cash) | 7.70 | 7.39 | 3.60 |
| Net Cashflow | 1.03 | 1.15 | 1.11 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Storage Technologies & Automation Ltd
Storage Technologies and Automation Limited was originally incorporated as Company Limited by Shares under the name Storage Technologies and Automation Private Limited under the provisions of the Companies Act, 1956 and the Certificate of Incorporation was issued by Registrar of Companies, Bangalore on March 19, 2010, vide certificate of incorporation bearing CIN U74900KA2010PTC052918 issue by Central Registration Centre, Assistant Registrar of Companies, Karnataka. Subsequently, the Company was converted into a public limited company vide special resolution passed by the shareholders at the Extra Ordinary General Meeting held on August 31, 2023 and consequently the name of the Company was changed from Storage Technologies and Automation Private Limited to Storage Technologies and Automation Limited vide fresh Certificate of Incorporation granted to the Company consequent upon conversion into public limited company dated October 12, 2023 by the Registrar of Companies, Bangalore bearing Corporate Identification Number U74900KA2010PLC052918.
The global industrial racking systems market stood at ~US$ 9 billion in 2018 and grew with 6.7% CAGR to reach US$ 12.5 billion in 2023. India holds about 4.4% of this market and stands at US$ 545.6 million in 2023. The Middle East & Africa region holds 5.5% of the overall market with a market size of US$ 680.1 million in 2023. Thus, the India and Middle East & Africa (MEA) industrial racking systems market is evaluated to stand at US$ 1,225.5 million in 2023 and projected to grow with significant CAGR of 8.5% during the forecast period. The market will reach US$ 2,768.9 million by the end of 2033. Booming e-commerce sector in this region is one of the key driving factor for this impressive market growth. India holds around 45% of the overall market and expected to show high growth for industrial racking systems in coming decade. According to the data, the number of warehouses in India is anticipated to double by the end of this decade. This will bring significant prospers to the demand for industrial racking systems in the country. During the historical period of 2018 to 2022, the market witnessed significant variations in the growth rate due to the impact of COVID-19 on the global economy. The industrial racking systems market witnessed a Y-o-Y fall of 9% in 2020 due to the shutdown in industries, disruptions in supply chains and uncertain demand from the end-use sectors. However, in 2021, the demand for industrial racking systems gained momentum showing strong recovery in post-covid market.
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.
Peer Comparison:
- Alphalogic Industries Ltd
Storage Technologies & Automation Ltd IPO Key Points
Strengths
- Experienced Promoters supported by senior management team.
- Wide range of products.
- Consistent focus on quality.
- Product development and design optimisation capabilities.
Risk
- 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.
Strategy
- 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.
- Experienced Promoters supported by senior management team.
- Wide range of products.
- Consistent focus on quality.
- Product development and design optimisation capabilities.
How To Apply for Storage Technologies & Automation Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.