Storage Technologies & Automation Ltd
Storage Technologies & Automation Ltdlisted
₹1.17LMin. investment
About Storage Technologies & Automation Ltd
Issue size
₹29.95Cr
IPO type
SME
Price range
₹73.00 – ₹78.00
Lot size
1600 shares
RHP/DRHP
Read
Price range₹73.00 – ₹78.00
IPO type
SME
Lot size1600 shares
Issue size₹29.95Cr
RHP/DRHP
Read
Checklist
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About Storage Technologies & Automation Ltd Limited
Incorporated in the year 2010, Storage Technologies & Automation Limited is engaged in a storage racking system. They specialise in design, manufacturing, installation services of metal storage racks, automated warehouses and other storage solutions.Their 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.
The company is a customer-centric business driven by a focus on continuing innovation and operational efficiency. They offer to their clients a wide variety of display and storage racks for commercial as well as industrial purposes. These are manufactured using qualitative raw materials. This helps in ensuring the durability and optimum strength of the finished products.They also use different grades of Mild steel (Hot rolled coils, cold rolled coils, Galvanised steel coils, PPGI coils, pipes and structural sections), powder for powder coating, Epoxy, Enamel paints and plastic for packaging as raw material.
They carry out product designing, manufacturing, quality checking, packaging, storing and delivery processes in various specialized segments of their infrastructure. All procedures are strictly monitored by their experienced team of quality controllers. They are dedicated to innovation, quality, and providing economically feasible solutions that don't just meet but exceed their clients' expectations.
They are constantly striving to expand their service portfolio and always look forward to complementing projects of their clients.
As Storage Technologies & Automation Limited Prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives:
- To meet Working Capital requirements
- General Corporate Expenses.
Frequently asked questions
How to invest in the IPO?
Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Storage Technologies & Automation Ltd ?
The issue size of the Storage Technologies & Automation Ltd is 29.95 Cr.
What is 'pre-apply' for Storage Technologies & Automation Ltd ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Storage Technologies & Automation Ltd shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Timeline
- Bidding starts30 Apr 2024
- Bidding ends3 May 2024
- Allotment finalisation2 May 2024
- Release of funds7 May 2024
- Demat transfer6 May 2024
- Listing8 May 2024