Racks & Rollers Limited IPO is an BSE SME IPO. They are going to raise ₹20.95 Crores via IPO. The issue is priced at ₹73 to ₹78 per equity share. The IPO is to be listed on BSE.
Racks & Rollers Limited IPO opens for subscription on April 30, 2024, and closes on May 03, 2024. The allotment for the Racks & Rollers Limited IPO is expected to be finalized on May 06, 2024. Racks & Rollers Limited IPO will list on BSE SME with tentative listing date fixed as May 08, 2024.
| IPO Details | allotment |
| Minimum Investment ₹124,800 /1 Lot (1600 shares) | Price Range ₹73-₹78 | |
| Max Quantity 1 Lots/1600 Shares | Max Investment ₹124,800 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 20.95 Cr | Employee Discount ₹0 |
| Total Issue Size 3,840,000 Shares (aggregating up to ₹20.95 Cr) | Share Holding Pree Issue 9,000,000 | Issue Type Book Built Issue IPO |
| Fresh Issue Share 3,840,000 Shares (aggregating up to ₹20.95 Cr) | Share Holding Post Issue 12,840,000 | Listing At BSE SME |
| Market Maker Portion | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 23 April 2024 |
| Offer Ends | 03 May 2024 |
| Allotment | 06 May 2024 |
| Refunds | 07 May 2024 |
| Credit of shares to Demat account | 07 May 2024 |
| IPO Listing | 08 May 2024 |
About Racks & Rollers Limited
Founded in October 2010, “Storage Technologies and Automation Limited is engaged in storage racking systems.
Racks and Rollers, a brand of Storage Technologies & Automation was incorporated in the year 2010 and is engaged in storage racking systems. They specialize in the design, manufacturing, and 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 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.
| Founded in | Managing Director |
| 2010 | Mr. |
Share Holding
The promoters of the company, are Mr. Khasim Sait, Mr. Mohammad Arif Abdul Gaffar Dor, Mr. Hanif A Khatri, Mr. Syed Azeem, Mr. Afzal Hussain and Mr. Nuumaan Khasim
| Share Holding Pre-Issue | 100.00% |
| Share Holding Post-Issue |
Racks & Rollers Limited IPO Prospectus
| Racks & Rollers Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹8,137.12 | ₹6,989.72 | ₹4,852.38 |
| Assets | ₹4,004.01 | ₹3567.70 | ₹3,113.04 |
| Profit | ₹48.30 | -₹20.49 | ₹118.42 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | Cr | ROE | 46.37% |
| P/E (X) | ROCE | 22.52% | |
| POST P/E (X) | EPS | 11.96 | |
| Debt to Equity | RONW | 37.64% |
Objects of the Issue
The Objects of the company is to raise funds for:
- To meet Working Capital requirements
- General Corporate Purpose
Brokerage Firm IPO Review
- To be updated soon
| Racks & Rollers Limited Contact Details | |
| Address | Storage Technologies & Automation Ltd No 10, Survey No 21/6A 21/7A, 21/7B and 21/8 Singanayakanahalli, Yelahanka, Bangalore, Bangalore-560064, |
| Phone: | +91 98444 86300 |
| cs@racksandrollers.com | |
| Website | https://racksandrollers.com/ |
IPO Registrar | |
| . | Integrated Registry Management Services Private Limited |
| Phone | 91 44 2814 0801 to 803 |
| giri@integratedindia.in | |
| Website | https://www.integratedindia.in/ |
| Racks & Rollers Limited IPO Allotment Status Check |
| Racks & Rollers Limited IPO Allotment Status Check Click Here |
| Racks & Rollers Limited Lead Managers | |
| Oneview Corporate Advisors Private limited 18, Deshapriya Park Road Kolkata – 700 026 | |
| Phone | +91 33 7960 1228 |
| info@oneviewadvisors.com | |
| Website | http://www.oneviewadvisors.com/ |
Racks & Rollers Limited IPO FAQs
What is Racks & Rollers Limited IPO?
- Racks & Rollers Limited IPO is an BSE SME IPO. They are going to raise ₹20.95 Crores via IPO. The issue is priced at ₹73 to ₹78 per equity share. The IPO is to be listed on BSE.
- The IPO opens on April 30, 2024, and closes on May 03, 2024.
When Racks & Rollers Limited IPO will open?
- The IPO is to open on April 30, 2024, for QIB, NII, and Retail Investors. and closes on May 03, 2024
What is Racks & Rollers Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is SRacks & Rollers Limited IPO Size?
- SRacks & Rollers Limited IPO size is ₹20.95 crores.
What is Racks & Rollers Limited IPO Price Band?
- Racks & Rollers Limited IPO Price Band is ₹73 to ₹78 per equity share.
What is Racks & Rollers Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (1600 Shares) with ₹124,800. and Maximum Lot Size 1 Lots (1600 Shares) with ₹124,800
What is Racks & Rollers Limited IPO Allotment Date?
- Racks & Rollers Limited IPO allotment date is May 06, 2024.
What is Racks & Rollers Limited IPO Listing Date?
- Racks & Rollers Limited IPO listing date is May 08, 2024. The IPO to list on BSE.