Storage Technologies & Automation Limited IPO Closed

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IPO date 30th Apr 2024 – 03rd May 2024
Listing date 08 May 2024
Type SME
Price range 73 – 78
Minimum order quantity 1600
(D)RHP View

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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.