The Racks & Rollers date has not yet been confirmed. Read the post to learn about Racks & Rollers IPO GMP.
Racks & Rollers IPO is a fixed price issue of Rs 29.95 crores. The price band is set at ₹73 to ₹78 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹124,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹249,600.
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Key Details Of Racks & Rollers IPO
Bidding Dates
April 30 – May 3
Price Range
₹73 to ₹78 per share
Face Value
₹10 per share
GMP
₹55
Racks & Rollers IPO GMP
The Racks & Rollers IPO GMP is ₹55.
IPO Overview
The Racks & Rollers IPO, which is a fresh issue of 38.4 lakh shares, has been priced at a range of ₹73 to ₹78 per share. The subscription for this IPO will be open from April 30, 2024, to May 3, 2024. The allotment process is expected to be completed on Monday, May 6, 2024. Following that, the Racks & Rollers IPO will be listed on BSE SME with a tentative listing date of Wednesday, May 8, 2024. For retail investors, the minimum lot size for an application is 1600 shares, requiring a minimum investment of ₹124,800. On the other hand, High Net Worth Individuals (HNIs) are required to invest in a minimum of 2 lots (3,200 shares), amounting to ₹249,600.
Racks & Rollers IPO Details
| IPO Date | April 30, 2024 to May 3, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹78 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,840,000 shares (aggregating up to ₹29.95 Cr) |
| Fresh Issue | 3,840,000 shares (aggregating up to ₹29.95 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 9,000,000 |
| Share holding post issue | 12,840,000 |
Racks & Rollers Limited Financial Information
| 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 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 46.37% |
| ROCE | 22.52% |
| RoNW | 37.64% |
| PAT Margin (%) | 6.78 |
Company Profile
Storage Technologies and Automation Limited, established in October 2010, specializes in the production of storage racking systems. The company is involved in the manufacturing and installation of metal storage racks, automated warehouses, and other storage solutions. It caters to a wide range of industries, including oil & gas, automotive, aerospace, food & beverages, pharmaceuticals, textiles, retail, and FMCG. As an ISO 9001:2015 certified storage solution manufacturing company, Storage Technologies and Automation Limited ensures high-quality products and services.
The company’s manufacturing process is supported by a spacious facility spanning approximately 56,250 square feet in Bangalore, along with an additional 20,000 square feet of storage space. With a successful track record, the company has completed over 2500 projects and has satisfied more than 900 customers worldwide.
Registrar Info
| Name | Integrated Registry Management Services Private Limited |
| Phone number | + 91 44 2814 0801 to 803 |
| Email ID | [email protected] |
| Website | integratedindia.in |
Contact Details
| Name | Racks & Rollers Limited |
| Phone number | +91 98444 86300 |
| Email ID | [email protected] |
| Website | racksandrollers.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Racks & Rollers IPO FAQs
When Racks & Rollers IPO will open?
The initial public offering (IPO) for Racks & Rollers commences on April 30, 2024, and concludes on May 3, 2024.
What is the lot size of Racks & Rollers IPO?
The lot size for Racks & Rollers IPO is 1600 shares, with a minimum investment requirement of ₹124,800.
