Storage Technologies & Automation (Racks & Rollers) IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

About Storage Technologies & Automation (Racks & Rollers) Limited

Racks and Rollers, a brand of Storage Technologies & Automation Pvt. Ltd. is one of the most influential leaders and a coveted name in the Storage, Warehousing, and Automation industry. Racks and Rollers has successfully spearheaded the development of high-quality products and impeccable client services with a proven track record of excellence in an impressively short span of time. With a seamless integration of Sales, Design, Production & Commissioning, and a hard-set focus on growth and development, the company have been investing heavily in R&D and Quality Control using the most front-line technology available in the industry.

Storage Technologies & Automation Pvt. Ltd. has executed 2500+ Projects for 900+ happy customers in 30+ countries. Being a leading consultant in warehousing, shelving, racking, structural works, automation, and avant-garde stainless-steel works, we have positively impacted clients all over the globe ranging from micro warehouse operators to multinational giants, serving industries like Food, Pharma, Chemicals, Retails, FMCG and many others. As a visionary, while delivering solutions, Racks and Rollers eyes the bigger picture of organizational growth rather than just solving the problem at hand. Our consultation is backed by thorough research and comprehensive analysis executed by a highly proficient team of professionals. Every solution offered by us is guaranteed to be in harmony with the organization and management of the company, thus driving the business as a whole.

Notable names trust the company like Samsung, Lenovo, Unilever, Flipkart, Asian Paints, Zomato, Cipla, Polycab, Aditya Birla Group, ITC, Reliance, Bajaj and many more and also the company is among the leading suppliers of Racking, Shelving and Automation solutions and have proudly served PepsiCo International, LDC, Debenhams and Unlimited among 2500 other companies across the globe.

Racks & Rollers' team of dynamic experts consults with organizations across India, Saudi Arabia, Dubai, Turkey, Egypt, Russia, Oman, and Qatar. They've risen to the top with precise guidance, dedication, and hard work. United by a passion for excellence and unparalleled work ethics, they deliver cutting-edge solutions with relentless dedication.

Racks & Rollers Strengths & Strategies

1. Wide range of products : Our design process prioritizes ergonomics and economic feasibility, ensuring we deliver the best solution to our clients, not just a profitable business.
2. Consistent focus on quality
3. Product development and design optimisation capabilities
4. Optimal Utilization of Resources
5. Technological Advancement : Adopting technological advancement as a strategic approach involves leveraging cutting-edge tools and solutions to enhance various aspects of the business.
6. Continue to reduce operating costs and improve operational efficiencies : Offering quality products at attractive prices is a key aspect of maintaining and expanding our relationships with our customers.

Racks & Rollers Risk Factors & Concerns 

1. The Company is dependent on few numbers of customers for sales and loss of any of these large customers may affect the revenues and profitability.
2. The Company have certain outstanding litigation against them, an adverse outcome of which may adversely affect the business, reputation and results of operations : There are outstanding legal proceedings involving the Company, their Directors and their Promoters.
3. Our operations are significantly influenced by the prices, availability, and quality of the raw materials essential for our production processes.
4. The stability and reliability of the logistics and transportation infrastructure are crucial for company's success. Any disruption in these services could hinder their suppliers' ability to deliver materials or their ability to deliver materials to the customers. Additionally, such disruptions may lead to increased transportation costs, adversely affecting our operations.
5. Fluctuating prices of raw materials may affect company's operations.
6. The company have significant working capital requirements. If they experience insufficient cash flows from their operations or are unable to borrow to meet their working capital requirements, it may materially and adversely affect their business, cash flows and results of operations.
7. Our Company has taken unsecured loans that may be recalled by the lenders at any time : The Company has availed unsecured loans which may be called by the lenders at any time. As on October 31, 2023 the unsecured loan amounting Rs. 302.55 lakhs were due to lenders.

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