Storage Technologies & Automation Limited IPO
Storage Technologies & Automation Limited IPO
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Storage Technologies & Automation Limited's successfully completed its Initial Public Offering and commenced trading on 08-05-2024 at the BSE exchange. The company raised 38,40,000 Shares through this public offering, comprising 38,40,000 Shares in fresh capital.
The IPO was priced within the band of ₹73 to ₹78, with minimum application lots of 1600 shares. The offering attracted significant investor interest during its subscription period from 30-04-2024 to 03-05-2024.
Share allotment was finalized on 06-05-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Storage Technologies IPO About Company
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Storage Technologies IPO Strength Factors
- Strong Customer Relationships:The company focuses on building lasting customer relationships and attracting new clients, helping it grow its market presence and boost revenue over time.
- Keeping Up with Technology:By embracing the latest technology, Storage Technologies and Automation Limited stays ahead in the storage solutions industry, offering innovative products that match changing market needs.
- Efficient Use of Resources:With smart management of its facilities, storage space, and workforce, the company ensures smooth operations, cost-effectiveness, and on-time delivery of high-quality storage solutions worldwide.
Storage Technologies IPO Risk Factors
- Dependence on Raw Materials:The company relies on the availability, cost, and quality of raw materials for production. Any supply chain issues could lead to higher costs, delays, and reduced competitiveness.
- Past Financial Struggles:Previous negative cash flows suggest financial challenges, which might affect the company’s ability to cover expenses, invest in growth, and repay debts.
- Unclear Loan Terms:Some unsecured loans lack clear terms, which could create financial risks. Without proper agreements, securing funds for business growth and daily operations may become difficult.
Storage Technologies IPO Lead Manager(s)
- Oneview Corporate Advisors Private Limited
Storage Technologies IPO Promoter(s)
- Mr. Khasim Sait
- Mr. Mohammad Arif Abdul Gaffar Dor
- Mr. Hanif A Khatri
- Mr. Syed Azeem
- Mr. Afzal Hussain
- Mr. Nuumaan Khasim
Storage Technologies IPO FAQs
Storage Technologies & Automation Limited IPO subscribed 278.89 times. The public issue subscribed 242.74 times in the retail category,117.86times in QIB, and -- times in the HNI (10+) category byNovember 26, 2025 11:13:22 AM (Day 26).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Storage Technologies IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Storage Technologies IPO FAQs
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