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SME IPO Status: Closed [30th Apr 2024 to 3rd May 2024]
Racks & Rollers IPO, a SME IPO of ₹29.95 Cr opens for subscription from 30-04-2024 to 03-05-2024. The IPO consists of ₹29.95 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 73.00-78.00 per share. You can apply to the Racks & Rollers SME IPO for a minimum lot of 1600 shares amounting of Rs 124800.
The tentative listing date on the exchange (BSE SME) is 08-05-2024.Stay tuned with us to get more details about Racks & Rollers SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 30th Apr 2024 |
| SME IPO Issue Closing Date: | 3rd May 2024 |
| SME IPO Issue Price: | ₹73.00-78.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹29.95 Cr |
| Fresh Issue: | ₹29.95 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 70.09% |
Get important updates regarding Racks & Rollers SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 6th May 2024 |
| Refunds Initiation* | 7th May 2024 |
| Credit of Shares to Demat* | 7th May 2024 |
| SME IPO Listing Date* | 8th May 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹73.00-78.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹124800 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 05-05-2024 | 78.00 | 53 | 64400 | ₹131 (67.95%) | 5-May-2024 10:00 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Storage Technologies & Automation Limited was founded in March 2010 and specialises in storage racking systems. The company specialises in the design, manufacture and installation of metal shelving, automated storage and other storage solutions. The company's range of products and services demonstrates its commitment to providing innovative and efficient solutions for a variety of storage requirements across a wide range of industries, each with their own specific storage and logistics requirements, including oil and gas, automotive parts and aerospace, food and beverage, as well as cold storage, pharmaceuticals, textiles, retail, FMCG and others.
They are a customer-centric company focused on continuous innovation and operational efficiency. They offer their customers a wide range of display and storage racks for commercial and industrial purposes. These are manufactured using high quality raw materials. This helps to ensure the durability and optimum strength of the finished products. The raw materials used are various grades of structural steel (hot rolled coils, cold rolled coils, galvanised steel coils, PPGI coils, tubes and profiles), powder for powder coating, epoxy and enamel paints and plastic for packaging.
They carry out product design, manufacturing, quality control, packaging, storage and delivery in various specialised segments of their infrastructure. All processes are strictly monitored by an experienced team of quality controllers.
The manufacturing process coupled with their competitive advantages and strategic business approaches enables us to effectively meet the evolving needs of their customers. They are committed to innovation, quality and providing economically feasible solutions that not only meet, but exceed their customers' expectations.
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | Other Industrial Products | ₹29.95 Cr | https://racksandrollers.com/ |
The company intend to utilize the proceeds of the Issue to meet the following objects: -
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 728,000 (28.54%) | 547,200 (21.46%) | 1,275,200 (50%) | 2,550,400 | |
| 1 | 30th Apr 2024 19:04 | 0.02x | 2.23x | 5.00x | 2.98x |
| 2 | 2nd May 2024 19:04 | 0.12x | 37.75x | 48.25x | 32.26x |
| 3 | 3rd May 2024 19:04 | 117.86x | 577.02x | 242.74x | 278.82x |
Storage Technologies & Automation Ltd's revenue increased by 16.42% and profit after tax (PAT) rose by 335.72% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,375.77 | 4,004.01 | 3,567.70 | 3,113.04 |
| Revenue | 5,317.09 | 8,137.12 | 6,989.72 | 4,852.38 |
| Profit After Tax | 358.91 | 48.30 | -20.49 | 118.42 |
| Net Worth | 953.52 | 594.61 | 546.31 | 566.81 |
| Reserves and Surplus | 653.52 | 294.61 | 246.31 | 466.81 |
| Total Borrowing | 1,632.53 | 931.63 | 871.10 | 347.48 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Storage Technologies & Automation Ltd | 1.61 | 1.61 | 19.82 | 8.12 | Consolidated | |
| Alphalogic Industries Ltd | 6.03 | 6.03 | 138.64 | 33.17 | 50.6 | Standalone |
Last Updated on 05-May-2024 09:32:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Racks & Rollers SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Racks & Rollers SME IPO with Zerodha.
Alternate approch to apply in Racks & Rollers SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Racks & Rollers SME IPO Review and Important Updates
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To subscribe or apply in Racks & Rollers SME IPO, you can use the following methods:
| Racks & Rollers SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Racks & Rollers SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Racks & Rollers SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Racks & Rollers SME IPO. Most of the Syndicate Banks provide access to apply in Racks & Rollers IPO via ASBA process. You must have your net banking access, DP ID information to apply in Racks & Rollers SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Racks & Rollers SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Racks & Rollers SME IPO Review and Important Updates
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Racks & Rollers SME IPO is going to be list on 08-05-2024.
Other relevant questions:
When Racks & Rollers SME IPO will be listing? Racks & Rollers SME IPO listing date?Racks & Rollers SME IPO date of listing
Racks & Rollers SME IPO Allotment Date is 06-05-2024.
Other relevant questions:
Racks & Rollers SME IPO share allotment date?Racks & Rollers SME IPO allotment date?
