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Racks Rollers IPO
Price Band
₹73.0–78.0
Issue Size
₹29.95 Cr
Lot Size
1,600 shares
Min Investment
₹124,800
GMP
+₹60.0 (76.92%)
Issue Price
₹78.0
Subject to Sauda
₹73000
Paid only if allotted
Racks Rollers IPO AI Summary
- Racks Rollers IPO is listed on BSE SME in the Other Industrial Products sector.
- Price band: ₹73.0–₹78.0 per share, lot size 1,600 shares (min. investment ₹124,800).
- Subscription window: 30 Apr–03 May 2024, listing on 08 May 2024.
- Current GMP is +₹60.0 (76.92%), an estimated listing price of ₹138 — unofficial and can change daily.
Racks Rollers is an SME engaged in manufacturing storage solutions across multiple industries. The IPO aims to raise funds for working capital and corporate expenses, with a strong presence in the market and a notable growth trajectory despite recent fluctuations in revenue.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Racks Rollers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 03 May 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Racks Rollers IPO Grey Market Premium (GMP) Today
GMP
+₹60.0
GMP %
+76.92%
Est. Listing
₹138.0
Updated: 25 Jul 2026 14:06
About the Company
Founded in October 2010, "Storage Technologies and Automation Limited is engaged in storage racking systems. The company manufactures and installs metal storage racks, automated warehouses, and other storage solutions. The company provides storage solutions for various industries, including oil & gas, automotive, aerospace, food & beverages, pharmaceuticals, textiles, retail, and FMCG. 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. To date, the company has executed more than 2500 projects and has served more than 900 customers worldwide. The company has a presence in over 30 countries across the globe. As of October 31, 2023, the company has a total of 166 permanent employees and 94 contracted employees.
Company Financials (₹ Cr)
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 63.76 | 40.04 | 35.68 | 31.13 |
| Total Income | 53.17 | 81.37 | 69.90 | 48.52 |
| Profit After Tax | 3.59 | 0.48 | -0.20 | 1.18 |
| NET Worth | 9.54 | 5.95 | 5.46 | 5.67 |
| Reserves and Surplus | 6.54 | 2.95 | 2.46 | 4.67 |
| Total Borrowing | 16.33 | 9.32 | 8.71 | 3.47 |
Key Ratios
EPS
₹11.96
NAV
₹38.75
ROE
46.37%
ROCE
22.52%
RoNW
37.64%
P/E Ratio
48.45
PAT Margin
6.78%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Alphalogic Industries Ltd | 138.64 | 50.6% | 33.17 | 6.03 | 6.03 |
| Storage Technologies & Automation Ltd This IPO | 19.82 | 8.12% | — | 1.61 | 1.61 |
Promoters
Khasim Sait, Mohammad Arif Abdul Gaffar Dor, Hanif A Khatri, Syed Azeem, Afzal Hussain and Nuumaan Khasim
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet Working Capital requirements 27.50 2 General Corporate Expenses 0.03
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹48.52 Cr in the period ending 31 Mar 2021, rising to ₹69.90 Cr by 31 Mar 2022. However, it decreased to ₹81.37 Cr in the period ending 31 Mar 2023, and then fell to ₹53.17 Cr by 31 Oct 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹1.18 Cr in the period ending 31 Mar 2021, decreasing to a loss of ₹0.20 Cr by 31 Mar 2022. The company then reported a profit of ₹0.48 Cr in the period ending 31 Mar 2023, which increased to ₹3.59 Cr by 31 Oct 2023.
Valuation
The company's earnings per share (EPS) is ₹11.96, which gives it an implied P/E ratio of 48.45 at the issue price. In comparison, peers are trading at a P/E range of 33.17 for Alphalogic Industries Ltd and 8.12 for Storage Technologies & Automation Ltd.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO in the stock market before it officially lists. A positive GMP suggests that the IPO is in demand and may list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market position, and sector performance.
Who May Want to Wait
Investors who prefer stable returns and lower risk may want to avoid IPOs in sectors with high volatility or those that have not yet established a consistent profit history.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are sold on the listing day at a price higher than the issue price. However, such gains are not guaranteed and depend on market conditions and investor sentiment at the time of listing.
This evaluation is generated from Racks Rollers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Racks Rollers IPO GMP today?
Racks Rollers IPO GMP today is +₹60.0 (76.92%), indicating an estimated listing price of ₹138. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Racks Rollers IPO?
The price band of Racks Rollers IPO is ₹73.0–₹78.0 per share.
When does Racks Rollers IPO open and close?
Racks Rollers IPO opens on 30 April 2024 and closes on 03 May 2024.
When does Racks Rollers IPO list on the stock exchange?
Racks Rollers IPO listed on 08 May 2024 at ₹138.0.
What is the lot size for Racks Rollers IPO?
The lot size for Racks Rollers IPO is 1600 shares, requiring a minimum investment of ₹124,800.
What is the lot size for this IPO?
The lot size for Racks Rollers IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹124,800.
What is the price band for this IPO?
The price band for Racks Rollers IPO is ₹73.0 to ₹78.0.
When does the IPO open and close?
The IPO opens on April 30, 2024, and closes on May 3, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Apr 2024
Close
03 May 2024
Allotment
06 May 2024
Listing
08 May 2024
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