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.
They are a customer-centric business driven by a focus on continuing innovation and operational efficiency. They offer our 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.
As an ISO 9001:2015 certified storage solution manufacturing company, our commitment to quality is evident. Their expansive infrastructure, spanning approximately 56,250 square feet in Singanayakanahalli, Yelahanka Hobli, Bangalore-560064, Karnataka, and approximately 20,000 square feet of storage facility supports a streamlined manufacturing process. They carry out product designing, manufacturing, quality checking, packaging, storing, and delivery processes in various specialized segments of our infrastructure. All procedures are strictly monitored by their experienced team of quality controllers.
Objects of the Issue:
- To meet Working Capital requirements
- General Corporate Purpose
Racks & Rollers IPO Review
- May Apply
Racks & Rollers (Storage Technologies & Automation) IPO Date & Price Band Details
| IPO Open: | April 30, 2024 |
| IPO Close: | May 3, 2024 |
| IPO Size: | Approx ₹29.95 Crores, 3,840,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹73 to ₹78 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Racks & Rollers IPO Market Lot
The Racks & Rollers IPO minimum market lot is 1600 shares with a ₹124,800 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹124,800 |
| Retail Maximum | 1 | 1600 | ₹124,800 |
| S-HNI Minimum | 2 | 3200 | ₹249,600 |
Racks & Rollers IPO Dates
The Racks & Rollers IPO date is April 30 and the IPO close date is May 3. The IPO allotment date is May 6 and the IPO might list on May 8.
| IPO Open Date: | April 30, 2024 |
| IPO Close Date: | May 3, 2024 |
| Basis of Allotment: | May 6, 2024 |
| Refunds: | May 7, 2024 |
| Credit to Demat Account: | May 7, 2024 |
| IPO Listing Date: | May 8, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Racks & Rollers IPO Form
How to apply Racks & Rollers IPO? You can apply Racks & Rollers IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Racks & Rollers IPO in the Invest section. The other option you can apply Racks & Rollers IPO via IPO forms download via the BSE website. Check out the Racks & Rollers forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Racks & Rollers Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹48.52 | ₹46.65 | ₹1.18 |
| 2022 | ₹69.90 | ₹69.91 | ₹0.20 |
| 2023 | ₹81.37 | ₹80.58 | ₹0.48 |
| October 2023 | ₹53.17 | ₹48.32 | ₹3.59 |
Racks & Rollers IPO Valuation – FY2023
Check Racks & Rollers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹1.61 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 20.89% |
| Net Asset Value (NAV): | ₹19.82 per Equity Share |
Peer Group
- Alphalogic Industries Limited
Company Promoters
- Mr. Mohammad Arif Abdul Gaffar Dor
- Mr. Hanif A Khatri
- Mr. Syed Azeem
- Mr. Afzal Hussain
- Mr. Nuumaan Khasim
Racks & Rollers IPO Registrar
Integrated Registry Management Services Private Limited
Phone: + 91 44 2814 0801 to 803
Email: [email protected]
Website: https://www.integratedindia.in/
Racks & Rollers IPO Allotment Status
Check Racks & Rollers IPO allotment status on Integrated Registry website URL. Click Here
Racks & Rollers IPO Lead Managers aka Merchant Bankers
- Oneview Corporate Advisors Private Limited
Company 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
Email: [email protected]
Website: https://racksandrollers.com/
