Storage Technologies Skyrockets with 90% Premium at ₹148.20, Highlighting Stellar Performance in the Coin Market

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Storage Technologies and Automation Ltd, also known as Racks & Rollers, made a remarkable debut on the BSE SME on Wednesday, with its share price listed at a premium of 90% over the issue price at ₹148.20.
The company’s IPO saw a strong subscription, indicating keen investor interest, with the offer being subscribed 278.82 times and the retail portion being subscribed 242.74 times.
The grey market premium (GMP) for the Storage Technologies and Automation IPO stood at +60, suggesting that the company’s shares were selling at a premium of ₹60 on the Grey market.

Storage Technologies and Automation Ltd, also known as Racks & Rollers, makes a strong debut on the stock market, with its share price listed at a 90% premium over the issue price.

Strong Subscription Indicates Investor Interest

The company’s IPO saw a strong subscription, indicating keen investor interest. The offer was subscribed 278.82 times, with the retail portion being subscribed 242.74 times. This strong subscription suggests a positive market sentiment towards the company and its business model.