Founded in October 2010, “Storage Technologies and Automation Limited is engaged in storage racking systems.
The company manufactures and installs metal storage racks, automated warehouses, and other storage solutions. The company provides storage solutions for various industries, including oil & gas, automotive, aerospace, food & beverages, pharmaceuticals, textiles, retail, and FMCG.
The company is an ISO 9001:2015 certified storage solution manufacturing company.
The company’s manufacturing process is supported by approximately 56,250 square feet of space in Bangalore and 20,000 square feet of storage space.
To date, the company has executed more than 2500 projects and has served more than 900 customers worldwide.
The company has a presence in over 30 countries across the globe.
As of October 31, 2023, the company has a total of 166 permanent employees and 94 contracted employees.
Storage Technologies & Automation Ltd’s revenue increased by 16.42% and profit after tax (PAT) rose by 335.72% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,375.77 | 4,004.01 | 3,567.70 | 3,113.04 |
| Revenue | 5,317.09 | 8,137.12 | 6,989.72 | 4,852.38 |
| Profit After Tax | 358.91 | 48.30 | -20.49 | 118.42 |
| Net Worth | 953.52 | 594.61 | 546.31 | 566.81 |
| Reserves and Surplus | 653.52 | 294.61 | 246.31 | 466.81 |
| Total Borrowing | 1,632.53 | 931.63 | 871.10 | 347.48 |
| Amount in ₹ Lakhs | ||||
The company intend to utilize the proceeds of the Issue to meet the following objects: –
Racks & Rollers IPO opens on April 30, 2024, and closes on May 3, 2024.
| IPO Open Date | Tuesday, April 30, 2024 |
| IPO Close Date | Friday, May 3, 2024 |
| Basis of Allotment | Monday, May 6, 2024 |
| Initiation of Refunds | Tuesday, May 7, 2024 |
| Credit of Shares to Demat | Tuesday, May 7, 2024 |
| Listing Date | Wednesday, May 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 3, 2024 |
As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in
The IPO dashboard offers insights on the Latest Current & Upcoming IPOs in BSE & NSE. It also evaluates IPOs for Shariah compliance, ensuring alignment with Islamic principles for ethical investment choices.
Last Updated on May 5, 2024 TGIF Agribusiness Limited IPO Founded in 2014, TGIF Agribusiness Limited, previously known as ARV Farmpro LLP, is active in the open field cultivation of
Last Updated on May 4, 2024 Aadhar Housing Finance Limited IPO Incorporated in 2010, Aadhar Housing Finance Limited is a housing finance company targeting the lower income segment. The deep
Last Updated on May 1, 2024 Finelistings Technologies Limited IPO Incorporated in 2018, Finelistings Technologies Limited is engaged in various businesses, namely (a) retail of used luxury cars and (b)
Copyright © 2023 - Halalstock.in
You can contribute as little as
100, 200, 500 & so…
every bit counts.
