Racks & Rollers IPO Date, Review, Price, Allotment Details

Racks & Rollers IPO Details: Racks & Rollers IPO date is fixed, The IPO will open on April 30 and will close on May 3. Racks & Rollers is a BSE SME IPO to raise ₹29.95 crores via IPO. The Racks & Rollers IPO price band is fixed at ₹73 to ₹78 with a market lot of 1600 shares.

Racks & Rollers IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum11600₹124,800
Retail Maximum11600₹124,800
S-HNI Minimum23200₹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
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/

Racks & Rollers IPO FAQs

What is Racks & Rollers IPO?

Racks & Rollers IPO is an BSE SME IPO. They are going to raise ₹29.95 Crores via IPO. The issue is priced at ₹73 to ₹78 per equity share. The IPO is to be listed on BSE.

When Racks & Rollers IPO will open?

The IPO is to open on April 30, 2024 for QIB, NII, and Retail Investors.

What is Racks & Rollers IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Racks & Rollers IPO?

You can apply Racks & Rollers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Racks & Rollers IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Naman In-Store (India)”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Racks & Rollers IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Naman In-Store (India)”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Racks & Rollers IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Naman In-Store (India)”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Racks & Rollers IPO Size?

Racks & Rollers IPO size is ₹29.95 crores.

What is Racks & Rollers IPO Price Band?

Racks & Rollers IPO Price Band is ₹73 to ₹78 per equity share.

What is Racks & Rollers IPO Minimum and Maximum Lot Size?

The IPO bid is 1600 shares with ₹124,800.

What is Racks & Rollers IPO Allotment Date?

Racks & Rollers IPO allotment date is May 6, 2024.

What is Racks & Rollers IPO Listing Date?

Racks & Rollers IPO listing date is May 8, 2024. The IPO to list on BSE SME.

Note: The Racks & Rollers IPO details are announced officially. The IPO grey market premium (Racks & Rollers IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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