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Storage Technologies and Automation (Racks and Rollers) SME IPO Details, Financials, Valuation & Peers
By IPOBase •Last Updated on
Get everything you need to know about the Storage Technologies and Automation (Racks and Rollers) IPO. Explore Racks and Rollers IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Status
Listed
Biding Dates
30 Apr - 03 May 2024
Price Range
₹ 73 - 78
Issue Size
Approx ₹ 29.95 crore
Listed Price
₹148.290.00%
Overview
Storage Technologies and Automation Limited, also known as Racks and Rollers, was established in 2010 and specializes in providing storage racking systems. The company offers a comprehensive range of solutions including design, manufacturing, and installation services for metal storage racks, automated warehouses, and other storage solutions. Catering to various industries such as oil & gas, automotive, food & beverages, pharmaceuticals, retail, and more, Racks and Rollers is committed to delivering innovative and efficient storage solutions tailored to the specific needs of each client.
Key Points:
- Product Range: Racks and Rollers provides a wide variety of display and storage racks for both commercial and industrial purposes. Their range of products is manufactured using high-quality raw materials to ensure durability and strength.
- Infrastructure: With a spacious infrastructure spanning approximately 56,250 square feet in Bangalore, Karnataka, and an additional storage facility of similar size, the company supports a streamlined manufacturing process from design to delivery.
- Leadership: Founded by Mr. Mohammed Arif and Mr. Khasim Sait, who collectively possess 26 years of experience in the storage racking system industry, Racks and Rollers benefits from their extensive industrial knowledge and product expertise. Their core values of integrity, innovation, and customer focus drive the company's operations.
Objects of the Issue
- To meet working capital requirements
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 30 Apr - 03 May 2024 |
| IPO Price Band | ₹ 73 - 78 per share |
| Fresh Issue | Upto 38,40,000 Shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 29.95 crore |
| Face Value | ₹ 10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 30 Apr 2024 |
| IPO Closing Date | 03 May 2024 |
| Basis Of Allotment | 06 May 2024 |
| Refunds | 07 May 2024 |
| Demat Transfer | 07 May 2024 |
| IPO Listing Date | 08 May 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Oct 2023 |
|---|---|---|---|---|
| Total Income | 48.52 | 69.90 | 81.37 | 53.17 |
| Total Expenses | 46.65 | 69.91 | 80.58 | 48.32 |
| Net Profit/Loss | 1.18 | -0.20 | 0.48 | 3.59 |
| NPM (*) | 2.44 | -0.29 | 0.59 | 6.78 |
| Total Assets | 31.13 | 35.68 | 40.04 | 63.76 |
| Total Liabilities | 25.42 | 30.18 | 33.94 | 54.07 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Oct 2023 |
|---|---|---|---|---|
| EPS | 3.95 | -0.68 | 1.61 | 11.96 |
| ROE (%) | 23.33 | -3.68 | 8.47 | 46.37 |
| ROCE (%) | 22.09 | 4.02 | 13.76 | 22.52 |
| D/E Ratio | NA | NA | NA | NA |
| Current Ratio | 1.03 | 0.99 | 0.98 | 1.06 |
| EBITDA MARGIN (%) | 6.26 | 3.84 | 5.36 | 13.36 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Storage Technologies and Automation Limited | 81.37 | 48.45 | 1.61 | 8.12 | 19.82 |
| Alphalogic Industries Limited | 18.23 | 33.17 | 6.03 | 50.60 | 138.64 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 117.86 |
| Non-Institutional Investor (NII/HNI) | 577.02 |
| Retail Individual Investor (RII) | 242.74 |
| Total | 278.82 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Integrated Registry Management Services Private limited
Phone: 080-23460815/816/817/818
Email: smeipo@integratedindia.in
Website: www.integratedregistry.in
Company Promoters
- MR. HANIF A. KHATRI
- MR. MOHAMMAD ARIF ABDUL GAFFAR DOR
- MR. KHASIM SAIT
- MR. SYED AZEEM
- MR. AFZAL HUSSAIN
- MR. NUUMAAN KHASIM
Lead Managers
- Oneview Corporate Advisors Private Limited
Company Address
Storage Technologies and Automation Limited
No 10, Survey No 21/6A, 21/7A, 21/7B and 21/8 Singanayakanahalli, Yelahanka, Bangalore, Bangalore- 560 064, Karnataka, India
Phone: +91 98444 86300
Email: cs@racksandrollers.com
Website: www.racksandrollers.com
FAQs
- What is the issue size of the Storage Technologies and Automation (Racks and Rollers) SME IPO?The Storage Technologies and Automation (Racks and Rollers) SME IPO has an issue size of Approx ₹ 29.95 crore. This includes a fresh issue of Upto 38,40,000 Shares and an offer for sale (OFS) of NIL.
- What is the price band of the Storage Technologies and Automation (Racks and Rollers) IPO?The price band for the Storage Technologies and Automation (Racks and Rollers) IPO is ₹ 73 - 78 per share.
- What are the bidding dates for the Storage Technologies and Automation (Racks and Rollers) IPO?The Storage Technologies and Automation (Racks and Rollers) IPO will open for bidding on 30 Apr 2024 and close on 03 May 2024.
- What is the allotment date for the Storage Technologies and Automation (Racks and Rollers) IPO?The allotment date for the Storage Technologies and Automation (Racks and Rollers) IPO is 06 May 2024.
- What is the listing date for the Storage Technologies and Automation (Racks and Rollers) IPO?The listing date for the Storage Technologies and Automation (Racks and Rollers) IPO is 08 May 2024.
- What is the Storage Technologies and Automation (Racks and Rollers) IPO grey market premium?The grey market premium (GMP) for the Storage Technologies and Automation (Racks and Rollers) IPO is currently at ₹60, with an expected listing gain of approximately 76.92%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.