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Storage Technologies Racks and Rollers IPO Day 2: Check Subscription Status, GMP Today – Prime Time News24


Storage Applied sciences Racks and Rollers IPO: Test Subscription Standing, GMP Right now.

Unlisted shares of Storage Applied sciences Racks and Rollers Ltd are buying and selling Rs 35 increased within the gray market, anticipating a 44.87 per cent itemizing acquire from the general public problem

Storage Applied sciences Racks and Rollers IPO: The preliminary public providing of Storage Applied sciences and Automation Ltd, which is engaged in storage racking techniques, was opened for public subscription on Tuesday and has to date acquired over 10 occasions bidding. Until 11:35 am on the second day of bidding on Could 2, the Rs 29.95-crore IPO acquired 10.54 occasions subscription, garnering bids for two,68,78,400 shares as in opposition to 25,50,400 shares on provide.

The class for non-institutional buyers bought subscribed 10.45 occasions whereas the portion for Retail Particular person Traders (RIIs) attracted 16.58 occasions subscriptions. The QIB class acquired 3 per cent subscription.

The Storage Applied sciences Racks and Rollers IPO, the value band of which has been mounted at Rs 73-Rs 78 per share, might be closed on Could 3. Its share allotment might be finalised on Could 6, whereas its itemizing will probably happen on Could 8 on the BSE SME.

Storage Applied sciences Racks and Rollers IPO GMP Right now

In keeping with market observers, unlisted shares of Storage Applied sciences Racks and Rollers Ltd are buying and selling Rs 35 increased within the gray market as in contrast with its problem worth. The Rs 35 gray market premium or GMP means the gray market is anticipating a 44.87 per cent itemizing acquire from the general public problem. The GMP relies on market sentiments and retains altering.

‘Gray market premium’ signifies buyers’ readiness to pay greater than the difficulty worth.

About Storage Applied sciences Racks and Rollers IPO

The Rs 29.95-crore Storage Applied sciences Racks and Rollers IPO is fully a contemporary problem of 38.4 lakh shares.

The SME IPO’s bidding opened for subscription on April 30, 2024 and can shut on Could 3, 2024.

For buyers, the minimal lot dimension for an software is 1,600 shares. The minimal quantity of funding required by retail buyers is Rs 1,24,800. The minimal lot dimension funding for HNI is 2 heaps (3,200 shares) amounting to Rs 2,49,600.

Oneview Company Advisors Non-public Restricted is the e book working lead supervisor of the Storage Applied sciences Racks and Rollers IPO, whereas Built-in Registry Administration Companies Non-public Restricted is the registrar for the difficulty. The market maker for Storage Applied sciences Racks and Rollers IPO is Nikunj Inventory Brokers.

Storage Applied sciences & Automation Ltd’s income rose 16.42 per cent and internet revenue elevated 335.72 per cent within the monetary yr 2022-23.

Storage Applied sciences and Automation Restricted, which was based in October 2010, is engaged in storage racking techniques. The corporate manufactures and installs steel storage racks, automated warehouses, and different storage options. The corporate offers storage options for varied industries, together with oil & gasoline, automotive, aerospace, meals & drinks, prescription drugs, textiles, retail, and FMCG.

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