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

• 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.

Grey Market Premium Indicates High Demand

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