| 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  10/- each ("Equity Shares") of Storage Technologies and Automation Limited ("Storage Technologies" or the "Company" or the "Issuer") for cash at a price of
78/- per equity share including a share premium of 68/- per equity share (the "Issue Price") aggregating to 29.95 crores ("The Issue"), of which 2,00,000 equity shares of face value of 10/- each for cash at a price of 78/- per equity share including a share premium of 68/- per equity share aggregating to 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 10/- each at a price of 78/- per equity share including a share premium of 68/- per equity share aggregating to 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 10/- each. The face value of the equity shares is 10/- each and the issue price is 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 |
Rs78.00-0.00 |
Rs0.00-0.00 |
| Minimum Application for shares in Nos :1600 Further Multiples of :1600 |
| |
RsCr |
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 |
Rs78.00 |
|
|