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Storage Technologies & Automation Ltd

Storage Technologies & Automation Ltd

listed
₹1.17LMin. investment

Storage Technologies & Automation Ltd IPO Details

Price range₹73.00 – ₹78.00
IPO type
SME
Lot size1600 shares
Issue size₹29.95Cr
RHP/DRHP
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Storage Technologies & Automation Ltd Timeline

  1. Bid start
    30 Apr 2024
  2. Bid end
    3 May 2024
  3. Allotment
    2 May 2024
  4. Release of funds
    7 May 2024
  5. Demat transfer
    6 May 2024
  6. Listing
    8 May 2024

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:
  1. To meet Working Capital requirements 
  2. General Corporate Expenses.

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Storage Technologies & Automation Ltd Contact Details

Company NameStorage Technologies & Automation Ltd

How to apply for Storage Technologies & Automation Ltd?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

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