April 30, 2024 - May 3, 2024

Storage Technologies Racks and Rollers IPO Subscription Details

Storage Technologies Racks and Rollers IPO Subscription Status Live

Storage Technologies Racks and Rollers IPO subscribed 278.82 times. The public issue subscribed 242.74 times in the retail category, 117.86 times in QIB, and 577.02 times in the NII category by May 3, 2024 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	117.86	728,000	8,58,00,000	669.24
Non-Institutional Buyers*	577.02	547,200	31,57,45,600	2,462.82
Retail Investors	242.74	1,275,200	30,95,45,600	2,414.46
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	278.82	2,550,400	71,10,91,200	5,546.51

Total Application : 268,741 (337.19 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 200,000 equity shares not included.

Storage Technologies Racks and Rollers IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 April 30, 2024	0.02	2.23	5.00	2.98
Day 2 May 2, 2024	0.12	37.75	48.25	32.26
Day 3 May 3, 2024	117.86	577.02	242.74	278.82

Storage Technologies Racks and Rollers IPO Shares Offered

Storage Technologies Racks and Rollers IPO is a public issue of 3,840,000 equity shares. The issue offers 1,275,200 shares to retail investors, 728,000 shares to qualified institutional buyers, and 547,200 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,089,600	8.50	28.38%
Market Maker	200,000	1.56	5.21%
QIB	728,000	5.68	18.96%
NII*	547,200	4.27	14.25%
Retail	1,275,200	9.95	33.21%
Total	3,840,000	29.95	100%

Storage Technologies Racks and Rollers IPO Anchor Investor Allocation

A total of 1,089,600 shares at a price of Rs 78 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Belgrave Investment Fund	481,600	78	44.2	37,564,800
2	Acintyo Investment Fund PCC - CELL 1	256,000	78	23.49	19,968,000
3	Persistent Growth Fund- Varsu India Growth Story Scheme 1	222,400	78	20.41	17,347,200
4	SB Opportunities Fund I	129,600	78	11.89	10,108,800
		1,089,600		100	84,988,800

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Storage Technologies Racks and Rollers IPO Subscription FAQs

The Storage Technologies Racks and Rollers IPO is subscribed 278.82 by May 3, 2024.