The SME Initial Public Offering of Storage Technologies and Automation Limited was subscribed 258.56 times on the final day of bidding after the issue saw strong buying interest from all category of investors.
The issue received bids of 71,11,37,600 shares against the offered 27,50,400 equity shares, at a price band of ₹76-78, according to the data available on the SME platform of BSE.
Non-Institutional Investors Portion was subscribed 422.83 times, Retail Portion was subscribed 242.63 times, whereas Qualified Institutional Buyer Portion subscribed 117.86 times.
OneView Corporate Advisors Private Limited is the sole book-running lead manager and Integrated Registry Management Services Private Limited is the registrar to the issue. The equity shares are proposed to be listed on SME Platform of BSE Limited.