IPO SYNOPSIS

Storage Technologies & Automation Ltd
Registered Office:
# X S.# 21/6A 21/7A 21/7B 21/8,Singanayakahalli Yelahanka,
Bangalore - 560064,
Karnataka, India.
Public issue of upto 38,40,000 equity shares of face value of (₹) 10/- each ("Equity Shares") of Storage Technologies and Automation Limited ("Storage Technologies" or the "Company" or the "Issuer") for cash at a price of (₹) [*] per equity share including a share premium of (₹) [*] per equity share (the "Issue Price") aggregating to (₹) [*] crores ("The Issue"), of which 2,00,000 equity shares of face value of (₹) 10/- each for cash at a price of (₹) [*] per equity share including a share premium of (₹) [*] per equity share aggregating to (₹) [*] crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 36,40,000 equity shares of face value of (₹) 10/- each at a price of (₹) [*] per equity share including a share premium of (₹) [*] per equity share aggregating to (₹) [*] crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 29.91 % and 28.35 % respectively of the post issue paid up equity share capital of the company. Price Band: (₹) 73 to (₹) 78 per equity share of face value of (₹) 10 each. The floor price is 7.3 times of the face value and the cap price is 7.8 times of the face value. Bid can be made for a minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
30-Apr-24
03-May-24
73.00-78.00
0.00-0.00
Minimum Application for shares in Nos : 1600     Further Multiples of : 1600
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
0.00
Oneview Corporate Advisors Pvt Ltd
Project Financed
28.03
 
Post Issue
12.84
 
Issue Price
73.00
 
Projects
To meet working capital requirements
General corporate expenses
Promoted By
Hanif A Khatri
Mohammad Arif Abdul Gaffardor
Khasim Sait
Listing At
BSE - SME
Registrar to the Issue
No Data Available!!!
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