:::LALKAR GROUP::::

Storage Technologies & Automation Ltd

Registered Office: # X S.# 21/6A 21/7A 21/7B 21/8,Singanayakahalli Yelahanka, Bangalore - 560064, Karnataka, India.
Phone : +91 98444 86300 Fax:
Email : cs@racksandrollers.com
Website : https://racksandrollers.com

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. 78/- per equity share including a share premium of Rs. 68/- per equity share (the "Issue Price") aggregating to Rs. 29.95 crores ("The Issue"), of which 2,00,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 78/- per equity share including a share premium of Rs. 68/- per equity share aggregating to Rs. 1.56 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. 78/- per equity share including a share premium of Rs. 68/- per equity share aggregating to Rs. 28.39 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. The face value of the equity shares is Rs. 10/- each. The face value of the equity shares is Rs. 10/- each and the issue price is Rs. 78/-. The issue price is 7.8 times of the face value.

Issue		Money Payable On
Opens On	Closes On	Application	Allotment
30-Apr-24	03-May-24	78.00-0.00	0.00-0.00

Minimum Application for shares in Nos : 1600 Further Multiples of : 1600

	(Rs)	Lead Managers to the Issue
Project Cost	27.53	Oneview Corporate Advisors Pvt Ltd
Project Financed through Current Offer	29.95
Post Issue Equity Share Capital	12.84
Issue Price	78.00

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