Racks and Rollers IPO description – Founded in 2010, Storage Technologies and Automation specializes in storage racking systems. The company, known as Racks and Rollers, offers design, manufacturing, and installation services for metal storage racks, automated warehouses, and other storage solutions. Their solutions cater to various industries, including oil and gas, automotive components and aerospace, food and beverages, cold storage, pharmaceuticals, textiles, retail, FMCG, and more.
As of 1 April 2024, the company’s total order book value amounts to INR 21.36 crore. It has completed more than 2,500 projects and served over 900 customers worldwide. The company operates in more than 30 countries across the globe.
As of 31 October 2023, the company employs 166 permanent employees and 94 contractual workers.
Promoters of Storage Technologies and Automation – Mr. Hanif A. Khatri, Mr. Mohammad Arif Abdul Gaffar Dor, Mr. Khasim Sait, Mr. Syed Azeem, Mr. Afzal Hussain, and Mr. Nuumaan Khasim
Table of Contents
Racks and Rollers IPO Details
| Racks and Rollers IPO Dates | 30 Apr – 3 May 2024 |
| Racks and Rollers Issue Price | INR 73 – 78 per share |
| Fresh issue | 3,840,000 shares (INR 28.03 – 29.95 crore) |
| Offer For Sale | NIL |
| Total IPO size | 3,840,000 shares (INR 28.03 – 29.95 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 124,800) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
Racks and Rollers Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 7M FY 2024 |
| Revenue | 48.49 | 69.87 | 81.32 | 52.92 |
| Expenses | 46.65 | 69.91 | 80.58 | 48.32 |
| Net income | 1.18 | (0.20) | 0.48 | 3.59 |
Storage Technologies and Automation Offer News
- Racks and Rollers RHP
- Racks and Rollers Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Racks and Rollers Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.95 | (0.68) | 1.61 |
| PE ratio | – | – | 45.34 – 48.45 |
| RONW (%) | 8.12 | (3.75) | 20.89 |
| NAV | 56.68 | 18.21 | 19.82 |
| ROCE (%) | 22.09 | 4.02 | 13.76 |
| EBITDA (%) | 6.26 | 3.84 | 5.36 |
Racks and Rollers IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 7 May 2024 | 51 | – | 61,000 |
| 6 May 2024 | 47 | – | 57,500 |
| 4 May 2024 | 40 | – | 52,000 |
| 3 May 2024 | 30 | – | 37,000 |
| 2 May 2024 | 25 | – | 30,000 |
| 1 May 2024 | 10 | – | 10,000 |
| 30 April 2024 | 15 | – | 12,000 |
Racks and Rollers IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 728,000 | 747,200 | 1,275,200 | 2,750,400 |
| 3 May 2024 | 117.86 | 422.82 | 242.45 | 258.47 |
| 2 May 2024 | 0.12 | 27.92 | 48.30 | 30.01 |
| 30 Apr 2024 | 0.02 | 1.63 | 5.00 | 2.77 |
The above calculations do not include the market maker reservation portion of 2,00,000 shares.
Racks and Rollers IPO Allotment Status
Racks and Rollers IPO allotment status is now available on the website of Integrated Registry Management Services. Click on this link to get allotment status.
Storage Technologies and Automation IPO Dates & Listing Performance
| IPO Opening Date | 30 April 2024 |
| IPO Closing Date | 3 May 2024 |
| Finalization of Basis of Allotment | 6 May 2024 |
| Initiation of refunds | 7 May 2024 |
| Transfer of shares to demat accounts | 7 May 2024 |
| IPO Listing Date | 8 May 2024 |
| Opening Price on BSE SME | INR 148.20 per share (up 90%) |
| Closing Price on BSE SME | INR 154.75 per share (up 98.40%) |
Racks and Rollers Offer Lead Manager
ONEVIEW CORPORATE ADVISORS PRIVATE LIMITED
Bajaj Bhawan, Room No. 111,
11th Floor, Nariman Point, Mumbai -400021
Phone: +91- 22- 43472247
Email:Â [email protected]
Website:Â www.oneviewadvisors.com
Racks and Rollers Offer Registrar
INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED
No. 30, Ramana Residency, 4th Cross Sampige Road,
Malleswaram, Bengaluru – 560003
Phone:Â +91-80-23460815/816/817/818
Email:Â [email protected]
Website:Â www.integratedindia.in
Racks and Rollers IPO Contact Details
STORAGE TECHNOLOGIES AND AUTOMATION LIMITED
No 10, Survey No 21/6A, 21/7A, 21/7B and 21/8
Singanayakanahalli, Yelahanka, Bangalore, Karnataka, 560064
Phone: +91 98444 86300
E-mail: [email protected]
Website: www.racksandrollers.com
IPO FAQs
What is the Storage Technologies and Automation IPO size?
Racks and Rollers offer size is INR 28.03 – 29.95 crores.
What is the Storage Technologies and Automation IPO price band?
Racks and Rollers’ public offer price is INR 73 – 78 per share.
What is the lot size of the Racks and Rollers IPO?
Racks and Rollers offer lot size is 1,600 shares.
What are Racks and Rollers IPO GMP today?
Racks and Rollers IPO GMP today is INR 51 per share.
What is the Racks and Rollers kostak rate today?
Racks and Rollers kostak rate today is INR NA per application.
What are Racks and Rollers Subject to the Sauda rate today?
Racks and Rollers are Subject to the Sauda rate today is INR 61,000 per application.
