Basis of Allotment

THIS IS ONLY AN ADVERTISMENT FOR INFORMATION PURPOSES AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR ISSUE TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. HIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR RELEASE. PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY OUTSIDE INDIA

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STORAGE TECHNOLOGIES & AUTOMATION LIMITED
Corporate Identity Number: U74900KA2010PLC052918

Our Company was originally incorporated as "Company Limited by Shares' under the name 'Storage Technologies and Automation Private Limited' under the provisions of the Companies Act. 1956 and the Certificate of Incorporation was issued by Registrar of Companies. Bangalore on March 19.2010, vide certificate of incorporation bearing CIN U74900KA2010PTC052918 issue byCentral Registration Centre.Assistant Registrar of Companies. Karnataka. Subsequently, our Company was converted into a public limited company vide special resolution passed by the sharehddersat the Extra Ordinary General Meeting held on August 31,2023 and consequently the name of our Company was changed from 'Storage Technologies and Automation Private Limited' to "StorageTechnologies and Automation Limited" vide fresh Certificate of Incorporation granted to our Company consequent upon conversion into public limited company dated October 12,2023 by theRegistrar of Companies, Bangalore bearing Corporate Identification Number U74900KA201OPLC052918. For details of change in the name and registered office of our Company, please refer tochapter titles ‘History and Corporate Structure" beginning on page no 125 of the Prospectus.

Registered Office: No 10. Survey No 21/6A. 21/7A, 21/7B and 21/8 Singanayakanahalli, Yetahanka, Bangalore, Bangalore. Karnataka, India. 560064
Telephone: +91 98444 863001 mail: cs@racksandrollers.com | Website: racksandrollers.com | Contact Person: Theja Raju. Company Secretary and Compliance Officer
PROMOTERS OF OUR COMPANY: MR. HANIF A. KHATRI, MR. MOHAMMAD ARIF ABDUL GAFFAR DOR,
MR. KHASIM SAIT, MR. SYED AZEEM, MR. AFZALHUSSAIN AND MR. NUUMAAN KHAS
BASIS OF ALLOTMENT

PUBLIC ISSUE OF UPTO 38.40,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF STORAGE TECHNOLOGIES AND AUTOMATION LIMITED (-STORAGE TECHNOLOGIES " OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 78/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs.  68/- PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO Rs. 2995.20 LAKHS ("THE ISSUE"), OF WHICH 2,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 78/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 68/- PER EQUITY SHARE AGGREGATING TO Rs. 156.00 LAKHS 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 RS. 10/- EACH AT A PRICE OF RS. 78/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 68/- PER EQUITY SHARE AGGREGATING TO RS. 2839.20 LAKHS 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 OUR COMPANY. THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH.

THE ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER IX OF THE SEBIICDR REGULATIONS (IPO OF SMALL AND MEDIUM ENTERPRISES) AND THE EQUITY

SHARES ARE PROPOSED TO BE LISTED ON SME PLATFORM OF BSE LIMITED

For further details, please refer section titled "Issue Procedure" beginning on Page 253 of the Prospectus.

A copy of the Prospectus is filed with Registrar of Companies as required under Section 26(4) of the Companies Act, 2013

PRICE BAND: RS. 73/- TO 78/- PER EQUITY SHARE OF FACE VALUE mi- EACH
Issue Price: Rs. 781- per equity share of the face value Rs. 10/- each. Anchor Investor Issue Price: Rs. 78/- per equity share.
The issue price is 7.8 times of the face value.
ANCHOR INVESTOR BIDDING DATE WAS: MONDAY, APRIL 29, 2024
BID/ ISSUE OPENED ON TUESDAY, APRIL 30, 2024
BID/ ISSUE CLOSED ON FRIDAY, MAY 03, 2024

The issue is being made through book budding process in terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules. 1957. as amended (the "SCRR") read with regulation 229 of the SEBI (ICDR) Regulations 2018 and in compliance with Regulation 253 of SEBI (ICDR) Regulations 2018 wherein not more than 50.00% of the Net Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ('QIBs') (the' QIB Portion'). Our Company in consultation with BRLM allocated upto 60% of the QIB Portion to Anchor Investors on a discretionary basis ("Anchor Investors Portion"). Further, not less than 15.00% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35.00% of the Net Issue shall be available for allocation to Retail Individual Investors in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. Art potential investors (except Anchor Investors) are required to mandatory utilized the Application Supported by Blocked Amount ("AS BA"} process including through UPI mode (as applicable) by providing details about the bank account which will be blocked by the Self Certified Syndicate Banks ("SCSBs') or Sponsor bank for the same. Anchor Investors are not permitted to participate in the issue through the ASBA Process. For details refer ‘Issue Procedure' on page 253 of the Prospectus.

The bidding for Anchor Investor opened and dosed on April 29, 2024.The Company received 6 Anchor Investor Application Forms for 19,88,800 Equity Shares at an issue price of Rs. 78/- per Equity Share. Four Anchor Investors through 4 Anchor Investor Application Forms were allocated 10,89,600 Equity Shares at a price of Rs.781- per Equity Share under the Anchor Investor Portion, aggregating to Rs.8,49,88,800.

The issue (excluding the Anchor Investor Portion) received application for 71,48,30,400 equity shares (before technical rejection and after invalid bids multiple/duplicate) resulting 259.90 times subscription (including market maker Portion). The details of the application received from various categories (before technical rejections) are as under:

Details of Application Received:

SI no. Category No of Applications No. of Equity Shares applied Shares Reserved as per Prospectus No. of times Subscribed Amount (Rs.)
A Qualified Institutional Buyers (excluding Anchors Investors) 50 7,22,60,800 7,28,000 99.26 5,63,63,42,400
B Retail Individual Investors 1,95,428 31,26,84,800 12,75,200 2452 24,38,78,99,200
C Non-lnstitutional Investors 17,875 32,96,84,800 5,47,200 602.5 25,71,28,94,400
D Market Maker 1 2,00,000 2,00,000 1 1,56,00,000
E Anchor Investors 6 19,88,800 10,89,600 1.83 15,51,26,400
Total 2,13,360 71,68,19,200 38,40,000 186.67 55,90,78,62,400

Final Demand

A summary of the final demand as per BSE Limited as on the Bid/ Issue Closing Date at different Bid prices is as under:

SLNO BID PRICE No of equity Shares % to total CUMUMATIVE TOTAL Cumulative % of total
1 CUT-OFF 22,47,69,600 27.88% 22,47,69,600 4.44%
2 Rs.78 58,02,67,200 71.97% 80,50,36,800 15.91%
3 Rs.77 2,25,600 0.03% 80,52,62,400 15.92%
4 Rs.76 3,21,600 0.04% 80,55,84,000 15.93%
5 Rs.75 1,69,600 0.02% 80,57,53,600 15.93%
6 Rs.74 52,800 0.01% 80,58,06,400 15.93%
7 Rs.73 4,72,000 0.06% 80,62,78,400 15.94%
Total 80,62,78,400 100.00% 5,05,84,91,200 100.00%

The Basis of Allotment was Finalized in consultation with the Designated Stock Exchange, being BSE Limited on May 06, 2024.

A. Allotment to Retail Individual Investors (After Technical Rejections)

The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off or at the Offer Price of 778 per Equity, was finalized in consultation with BSE. This category has been subscribed to the extent of 241.92 times The total number of Equity Shares Allotted in Retail Individual Investors category is 12,75,200 Equity Shares to 797 successful applicants. The category-wise details of the Basis of Allotment are as under (Sample basis):

Sr.No

No. of Shares Applied for (Category wise)

No. of Applications Received

%of Total

Total No. of Equity Shares applied

% to Total

No. of Equity Shares Allotted per Applicant

Ratio of allottees to applicants

Total No. of Shares Allotted

Surplus/ Deficit

Before Rounding off

After Rounding off

1

1600

192806

100

308489600

100

6.61

1600

1

242

1275200

0

Total

1600

192806

100

308489600

100

-

-

-

1275200

0

B. Allotment to Non-lnstitutlonal Investors (After Technical Rejections)

The Basis of Allotment to the Non-institutional Investors, who have bid at cut-off or at the Offer Price of Rs. 78 per Equity, was finalized in consultation with BSE. This category has been subscribed to the extent of 600.11 times. The total number of Equity Shares Allotted in Non-institutional Investors category is 5,47,200 Equity Shares to 312 successful applicants. The category-wise details of the Basis of Allotment are as under (Sample basis):

No. of Shares Applied for (Category wise)

No. of Applications Received

%of Total

Total No. of Equity Shares applied

% to Total

No. of Equity Shares Allotted per Applicant

Ratio of Allottees to Applications

Total No. of Shares Allotted

Surplus/ Deficit

Before Rounding off

After Rounding off

3200

8790

49.79

28128000

8.57

5.33

1600

1

303

46400

0

4800

1371

7.77

6580800

2.00

8.00

1600

1

195

11200

0

6400

1036

5.87

6630400

2.02

10.66

1600

1

148

11200

0

8000

659

3.73

5272000

1.61

13.33

1600

6

659

9600

0

9600

470

2.66

4512000

1.37

16.00

1600

1

94

8000

0

11200

414

2.34

4636800

1.41

18.66

1600

5

414

8000

0

12800

907

5.14

11609600

3.54

21.33

1600

12

907

19200

0

14400

1205

6.83

17352000

5.28

24.00

1600

9

602

28800

0

16000

669

3.79

10704000

3.26

26.66

1600

11

669

17600

0

17600

148

0.84

2604800

0.79

29.33

1600

3

148

4800

0

19200

137

0.78

2630400

0.80

31.99

1600

3

137

4800

0

20800

92

0.52

1913600

0.58

34.66

1600

1

46

3200

0

C. Allotment to QIBs (excluding Anchors Investors) (After Technical Rejections)

Allotment to QIBs, who have bid at the Offer Price ofRs. 78 per Equity, was finalized in consultation with BSE. This category has been subscribed to the extent of 99 25 times. The total number of Equity Shares Allotted in QIB category is 7.28,000 Equity Shares to 48 successful applicants. The category-wise details of the Basis of Allotment are as under

Category

FI'S/BANK'S

MPS

IC*S

NBFC'S

AIF

FPC

VC'S

Total

QIB

20,800

-

12,800

76,800

2,40,000

3,77,600

-

7,28,000

D. Allotment to Anchor lnvestors (After Technical Rejections)

The Company in consultation with the BRLM, have allocated 10,89,600 Equity Shares to 4 Anchor Investors (through 4 Anchor Investor Application Forms) (NIL domestic Mutual Funds) at an Anchor Investor Offer Price at Rs. 78 per Equity Share in accordance with SEBI ICDR Regulations. This represents around 60% of the QIB portion.

Category

FI'S/BANK'S

MPS

IC'S

NBFC'S AIF

FPC

VC'S

Total

Anchor

-

-

-

3, 52,00

7,37,600

10,89,600

The Board of Directors of our Company at its meeting held on May 06, 2024 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation and/or notices have been sent to the registered email id of the investors as registered with the depositories. Further, instructions to the SCSBs have been issued for unblocking of funds and transfer to the Public Offer Account on May 6, 2024 In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares allotted to the successful allottees will be uploaded on May 7, 2024 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company will file the Listing application with BSE on May 7, 2024. The trading of the shares of Company will commence on May 8, 2024 subject to receipt of listing and trading approval from BSE..

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

INVESTORS PLEASE NOTE

These details of the Allotment made shall be hosted on the website of Registrar to the Issue Integrated Registry Management Services Private limited at www.integratedregistry.in. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First' Sole applicant, Serial number of the Bid cum Application form number, Bidders DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:

wpe10A.jpg (3742 bytes) Integrated Registry Management Services Private limited
SEBI Registration Number: INR000000544
Address: #30. Ramana Residency. 4th Cross. Sampige Road, Malleswaram. Bengaluru-560003
Tel. Number: 080-23460815 - 818 Email Id: csdstd@integratedindia.in
Investors Grievance Id: giri@integratedind Website: www.integratedindia.in
Contact Person: Mr. S Vijayagopal | CIN: U74900TN2015PTC101466

 

FOR Storage Technologies And Automation Limited
Sd/-
Mohammad ArifAbdul Gaffar Dor
Place: Bengaluru Chairman & Managing Director
Date: May 07, 2024 DIN: 02943466

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF STORAGE TECHNOLOGY AND AUTOMATION LIMITED.

Disclaimer: STORAGE TECHNOLOGY AND AUTOMATION LIMITED has Filed a Prospectus dated May 04, 2024 with the ROC. The Prospectus shall be made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM i.e., One view Corporate Advisors Private Limited at www.oneviewadvisors.com, the website of the BSE at www.bseindia.com. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see 'Risk Factors' beginning on page 28 of the Prospectus.

The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the ‘ Securities Act") or any state securities laws in the United States and may not be offered or sold within the United States or to. or for the account or benefit of 'U.S. persons' (as defined in Regulation S of the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the Equity Shares will be offered and sold (i) within the United States only to persons reasonably believed to be 'Qualified Institutional Buyers' (as defined in Rule 144A of the Securities Act) under Section 4(a) of the Securities Act and (ii) outside the United States in offshore transaction in reliance on Regulation S under the Securities Act and the applicable laws of the jurisdiction where those offer and sales occur.

The Equity Shares have not been and will not be registered. listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Application may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.

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