Storage Technologies Racks and Rollers IPO vs Varyaa Creations IPO

Comparision between Storage Technologies Racks and Rollers IPO and Varyaa Creations IPO.

IPO Details

Storage Technologies Racks and Rollers IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Varyaa Creations IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Storage Technologies Racks and Rollers IPO	Varyaa Creations IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Oneview Corporate Advisors Private Limited	Inventure Merchant Banker Services Pvt Ltd
Registrar	Integrated Registry Management Services Private Limited	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Svcm Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Storage Technologies Racks and Rollers IPO is up to ₹29.95 Cr whereas the issue size of the Varyaa Creations IPO is up to ₹20.10 Cr. The final issue price of Storage Technologies Racks and Rollers IPO is ₹78.00 per share and of Varyaa Creations IPO is ₹150.00 per share.

	Storage Technologies Racks and Rollers IPO	Varyaa Creations IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹73.00 per share
Issue Price (Upper)	₹78.00 per share
Issue Price (Final)	₹78.00 per share	₹150.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	38,40,000 shares	13,40,000 shares
Fresh Issue Size (Amount)	up to ₹29.95 Cr	up to ₹20.10 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	38,40,000 shares	13,40,000 shares
Issue Size Total (Amount)	up to ₹29.95 Cr	up to ₹20.10 Cr

IPO Timetable

Storage Technologies Racks and Rollers IPO opens on Apr 30, 2024, while Varyaa Creations IPO opens on Apr 22, 2024. The closing date of Storage Technologies Racks and Rollers IPO and Varyaa Creations IPO is May 03, 2024, and Apr 25, 2024, respectively.

	Storage Technologies Racks and Rollers IPO	Varyaa Creations IPO
Anchor Bid Date	Apr 29, 2024
Issue Open	Apr 30, 2024	Apr 22, 2024
Issue Close	May 03, 2024	Apr 25, 2024
Basis Of Allotment (Tentative)	May 06, 2024	Apr 26, 2024
Initiation of Refunds (Tentative)	May 07, 2024	Apr 29, 2024
Credit of Share (Tentative)	May 07, 2024	Apr 29, 2024
Listing date (Tentative)	May 08, 2024	Apr 30, 2024
Anchor Lockin End date 1	Jun 05, 2024
Anchor Lockin End date 2	Aug 04, 2024

Financials

Storage Technologies Racks and Rollers IPO P/E ratio is 48.45, as compared to Varyaa Creations IPO P/E ratio of 65.56.

Storage Technologies Racks and Rollers IPO

Varyaa Creations IPO

Financial

Storage Technologies & Automation Ltd Financial Information (Restated Consolidated)

Storage Technologies & Automation Ltd's revenue increased by 16.42% and profit after tax (PAT) rose by 335.72% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,375.77	4,004.01	3,567.70	3,113.04
Revenue	5,317.09	8,137.12	6,989.72	4,852.38
Profit After Tax	358.91	48.30	-20.49	118.42
Net Worth	953.52	594.61	546.31	566.81
Reserves and Surplus	653.52	294.61	246.31	466.81
Total Borrowing	1,632.53	931.63	871.10	347.48
Amount in ₹ Lakhs

Varyaa Creations Limited Financial Information (Restated)

Varyaa Creations Limited's revenue increased by 112.55% and profit after tax (PAT) rose by 36.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,049.17	2,000.55	143.78	218.32
Revenue	1,762.49	538.03	253.13	12.05
Profit After Tax	351.11	78.93	57.98	-13.06
Net Worth	410.56	59.45	-19.47	-77.46
Reserves and Surplus	65.56	44.45	-34.47	-92.46
Total Borrowing			44.81	283.82
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

70.09%

72.02%

P/E Ratio

48.45

65.56

Market Cap

₹71.85 Cr.

ROE

46.37%%

85.52%%

ROCE

22.52%%

114.57%%

Debt/Equity

EPS

₹11.96

₹2.29

RoNW

37.64%%

85.52%%

Shares Offered

In the Storage Technologies Racks and Rollers IPO retail investors (RII) are offered 12,75,200 shares while in Varyaa Creations IPO retail investors are offered 12,75,200 shares. Qualified institutional buyers (QIB) are offered 7,28,000 shares in Storage Technologies Racks and Rollers IPO and 0 shares in Varyaa Creations IPO.

	Storage Technologies Racks and Rollers IPO	Varyaa Creations IPO
Anchor Investor Reserveration	10,89,600 shares
Market Maker Reserveration	2,00,000 shares	70,000 shares
QIB	7,28,000 shares	0 shares
NII	5,47,200 shares	6,35,000 shares
RII	12,75,200 shares	6,35,000 shares
Employee	0 shares	0 shares
Others
Total	25,50,400 shares	12,70,000 shares

Bids Received (Subscription)

Storage Technologies Racks and Rollers IPO subscribed 278.82x in total, whereas Varyaa Creations IPO subscribed 3.59x.

	Storage Technologies Racks and Rollers IPO	Varyaa Creations IPO
QIB (times)	117.86x
NII (times)	577.02x	1.08x
Big NII (times)
Small NII (times)
RII (times)	242.74x	6.09x
Employee (times)
Other (times)
Total (times)	278.82x	3.59x

Compare with others

Storage Technologies Racks and Rollers IPO	Varyaa Creations IPO
Refractory Shapes IPO	Amkay Products IPO
Winsol Engineers IPO	Storage Technologies Racks and Rollers IPO
Slone Infosystems IPO	Mandeep Auto Industries IPO
Sai Swami Metals and Alloys IPO	ABS Marine Services IPO
Amkay Products IPO	Shivam Chemicals IPO
Mandeep Auto Industries IPO	Faalcon Concepts IPO
ABS Marine Services IPO	Emmforce Autotech IPO
Shivam Chemicals IPO	Birdy's IPO
Varyaa Creations IPO	Greenhitech Ventures IPO
Faalcon Concepts IPO	Finelistings Technologies IPO

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