About the Company:
Storage Technologies and Automation Ltd (Racks and Rollers) was incorporated in the year 2010 and is engaged into storage racking system.
Company specializes in design, manufacturing, installation services of metal storage racks, automated warehouses and other storage solutions.
Company’s range of products and services demonstrates their commitment to providing innovative, efficient solutions for diverse warehousing needs.
Company is 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.
Company offers clients with a wide variety of display and storage racks for commercial as well as industrial purposes.
As of April 01, 2024, Company’s total order book value is Rs.21.36 crores.
Products and Solutions offered by the Company:
- Racking Solutions.
- Shelving Solutions.
- Automation Solutions.
- Structural Solutions.
- Consulting Services.
Company’s Customers:
| ITC Ltd | Aditya Birla Group. | Samsung. | Lenovo. | Zomato. |
| Hindustan Unilever. | Flipkart. | TVS. | Asian Paints. | Cipla |
| Polycab Wires and Cables. | Reliance Industries Ltd | DHL. | Borosil Ltd | Landmark Group |
Company’s Promoter Background:
The company was founded by the promoter Mr. Mohammed Arif and Mr. Khasim Sait with experience of around, 13 years and 13 years in the storage racking system industry. Their wide industrial experience and in-depth product knowledge have helped us in marching ahead with confidence and enthusiasm.
Company’s Manufacturing & Storage Facilities:
Company has expansive infrastructure, spanning approximately 56,250 square feet in Singanayakanahalli, Yelahanka Hobli, Bangalore-560064, Karnataka and approximately 56,250 square feet of storage facility supports a streamlined manufacturing process.
These are manufactured using qualitative raw materials. This helps in ensuring the durability and optimum strength of the finished products. We 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.
Management Team:
- Mr. Mohammad Arif Abdul Gaffar Dor (Designation: Managing Director)
- Mr. Hanif A Khatri (Designation: Whole time Director and Chairman)
Objectives of the Issue:
Fresh Issue: (Rs. 29.95 cr)
- To meet Working Capital requirements.
- General Corporate Purpose.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| To meet Working Capital requirements | 27.50 cr |
Financials of the Company:
| (in Crores) | FY 21 | FY 22 | FY 23 | Upto 31st Oct 23 |
|---|---|---|---|---|
| Revenue | 48.52 | 69.89 | 81.37 | 53.17 |
| Net Profit | 1.18 | (-0.20) | 0.48 | 3.58 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Storage Technologies and Automation Ltd | 10 | 1.61 | 48.44 | 20.89% | 19.82 |
| Alphalogic Industries Ltd | 10 | 6.03 | 33.17 | 50.60% | 138.64 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 30th April 2024 |
| Issue Closes on | 3rd May 2024 |
| Issue Price | Rs.73 -78 |
| Face Value | Rs.10 |
| Minimum Lot | 1600 Shares |
| Minimum Investment | Rs.1,24,800 |
| Issue Constitutes | 29.90 % |
| Issue Size | Rs.29.95 cr |
| Market Cap | Rs. 100 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 38,40,000 (Rs.29.95 cr) |
| Equity Shares Prior to the Issue | 90,00,000 |
| Equity Shares after the Issue | 1,28,40,000 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 6th May 2024 |
| Initiation of Refunds | on or Before 7th May 2024 |
| Credit of Equity Shares: | on or Before 7th May 2024 |
| Listing Date: | on or Before 8th May 2024 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 1.61 | 48.44 | 20.89% | 19.82 |
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| Should You Subscribe or Not ? (Markets Guruji’s View) |
|---|
| Storage Technologies and Automation Ltd, commonly known as Racks and Rollers, began its journey in 2010, focusing on storage racking systems. Specializing in the design, manufacturing, and installation of metal storage racks, automated warehouses, and various storage solutions, the company exemplifies a dedication to innovative and efficient warehousing solutions.
Their diverse range of products and services reflects a commitment to meeting the unique needs of different industries, including oil & gas, automotive components & aerospace, food & beverages, cold storage, pharmaceuticals, textiles, retail, FMCG, and more. By catering to such a wide array of sectors, Racks and Rollers has established itself as a versatile player in the storage industry. With leading names across various sectors as their clients, the company has demonstrated its reliability and quality in providing storage solutions. As an SME IPO opportunity, investors have the chance to participate in the growth story of this dynamic and forward-thinking company. |
| Company Contact Info: |
|---|
| Storage Technologies And Automation Ltd No 10, Survey No 21/6A, 21/7A, 21/7B and 21/8 Singanayakanahalli, Yelahanka, Bangalore-560064, Karnataka, India. Telephone No.+91 98444 86300 E-Mail: cs@racksandrollers.com Website: https://racksandrollers.com |
| Registrar to the Issue: |
|---|
| Integrated Registry Management Services Private limited #30, Ramana Residency, 4th Cross, Sampige Road, Malleswaram, Bengaluru-560003 Tel. Number: 080-23460815 – 818 Email Id: csdstd@integratedindia.in Website: www.integratedindia.in |
| Lead Manager to the Issue: |
|---|
| Oneview Corporate Advisors Private Limited Bajaj Bhawan, Room No. 111, 11th Floor, Nariman Point, Mumbai – 400021 Telephone Number: +91- 22- 43472247 Email Id: mbd@oneviewadvisors.com Website: http://www.oneviewadvisors.com |
| Find the List of Upcoming IPOs in India: |
|---|
Upcoming IPOs in India (Click on the below Link)https://www.marketsguruji.com/upcoming-ipos-in-india/ |
