Storage Technologies & Automation Limited IPO
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Storage Technologies & Automation Limited is launching its IPO. The IPO opens for subscription on April 30, 2024, and will close on May 03, 2024.
Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on the listing.
What does Storage Technologies & Automation Limited (Racks & Rollers) do?
Established in October 2010, Storage Technologies & Automation Limited, commonly known as Racks & Rollers, focuses on the design, manufacture, and installation of metal storage racks and automated warehouse systems. The company provides solutions for industries such as oil & gas, automotive, aerospace, food & beverages, pharmaceuticals, textiles, retail, and FMCG.
The company’s manufacturing facility, located in Bangalore, Karnataka, covers approximately 56,250 square feet and includes additional storage facilities. Storage Technologies & Automation Limited is ISO 9001:2015 certified. To date, the company has completed over 2500 projects and serves more than 900 customers across more than 30 countries.
Schedule/Timeline of Storage Technologies & Automation Limited IPO
| Issue Period | 30th April to 3rd May 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | May 06, 2024 |
| Initiation of Refunds | May 07, 2024 |
| Credit of Shares | May 07, 2024 |
| Date of Listing | May 08, 2024 |
| Mandate end date | May 18, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | June 05, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | August 05, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How do I apply to the Storage Technologies & Automation Limited IPO?
You can apply for the Storage Technologies & Automation Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Storage Technologies & Automation Limited IPO?
You can check the allotment status for the Storage Technologies & Automation Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.