Storage Technologies & Automation Ltd

About the company

## **About  Storage Technologies & Automation Ltd Limited** Incorporated in the year 2010, Storage Technologies & Automation Limited is engaged in a storage racking system. They specialise in design, manufacturing, installation services of metal storage racks, automated warehouses and other storage solutions.Their range of products and services demonstrates their commitment to providing innovative, efficient solutions for diverse warehousing needs, 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. The company is a customer-centric business driven by a focus on continuing innovation and operational efficiency. They offer to their clients a  wide variety of display and storage racks for commercial as well as industrial purposes. These are manufactured using qualitative raw materials. This helps in ensuring the durability and optimum strength of the finished products.They 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. They carry out product designing, manufacturing, quality checking, packaging, storing and delivery processes in various specialized segments of their infrastructure. All procedures are strictly monitored by their experienced team of quality controllers. They are dedicated to innovation, quality, and providing economically feasible solutions that don't just meet but exceed their clients' expectations. They are constantly striving to expand their service portfolio and always look forward to complementing projects of their clients. As Storage Technologies & Automation Limited Prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives: 1. To meet Working Capital requirements  1. General Corporate Expenses.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   30 Apr 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   03 May 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   02 May 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   07 May 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   06 May 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   08 May 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.