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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 Rs. 10/- each ("Equity Shares") of Storage Technologies and Automation Limited ("Storage Technologies" or the "Company" or the "Issuer") for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share (the "Issue Price") aggregating to Rs. [*] crores ("The Issue"), of which 2,00,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share aggregating to Rs. [*] 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 Rs. 10/- each at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share aggregating to Rs. [*] 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: Rs. 73 to Rs. 78 per equity share of face value of Rs. 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
Opens On Closes On
30-Apr-24 03-May-24
Money Payable On
Application Allotment
73.00 0.00
Minimum Application for shares in Nos : 1600  Further Multiples of : 1600
()(Cr.) Lead Managers to the Issue
Project Cost () 0.00 Oneview Corporate Advisors Pvt Ltd
Project Financed through Current Offer () 28.03  
Post Issue Equity Share Capital () 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