Containe Technologies Ltd IPO Detail
Containe Technologies Limited (CTPL) is engaged in the business of Automobile Safety and GPS solutions in the Automobile Sector. The company manufactures a wide range of technology-intensive electronic and mechanical automotive products.
Containe Technologies Limited is an ISO 9001:2015 certified organization engaged in the business of Design, Development, Manufacturing, Supply & Service of Electronic Speed Limiting Devices and GSM/GPRS/GPS/IRNSS based Communication & Controlling Vehicle Location Tracking Devices, Marketing & Sales of IoT Devices & Lithium Ion Battery Operated 2- wheeler & 3-wheeler Auto Rickshaw.
The company is manufacturing electronic Speed Limiting Device (SLD), "MOTOREYE & LIMITS" Brand Electronic Fuel Regulator & Pedal Interface, suitable for the latest Vehicle of BS-IV Standards to the Oldest Vehicles.
Containe Technologies Limited have one manufacturing unit at Marriguda, Secunderabad, Hyderabad. The company's products are mainly sold through distributors and dealers.
Company Promoters
Mr. Anand Kumar Seethala and Mrs. Botcha Bhavani are the company promoters.IPO Details
| IPO Opening Date | Sep 20, 2022 |
| IPO Closing Date | Sep 22, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹15 per equity share |
| Market Lot | 8000 Shares |
| Min Order Quantity | 8000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹2.62 Cr |
| Fresh Issue | 1,744,000 shares of ₹10 (aggregating up to ₹2.62 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.34x | 1.90x | 1.13x | |
| Day 2 | - | - | 8.29x | 4.47x | 6.41x | |
| Day 3 | - | - | 155.12x | 86.33x | 121.31x |
IPO Tentative Timetable
The Containe Technologies Ltd IPO open date is Sep 20, 2022, and the close date is Sep 22, 2022. The issue may list on Sep 30, 2022.
| IPO Open Date | Sep 20, 2022 |
| IPO Close Date | Sep 22, 2022 |
| Basis of Allotment Date | Sep 27, 2022 |
| Initiation of Refunds | Sep 28, 2022 |
| Credit of Shares to Demat Account | Sep 29, 2022 |
| IPO Listing Date | Sep 30, 2022 |
IPO Lot Size
The Containe Technologies Ltd IPO market lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 8000 | ₹120000 |
| Maximum | 1 | 8000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 72.07% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 625.5 | 292.29 | 5.39 |
| 31-Mar-21 | 720.73 | 60.43 | 0.66 |
| 31-Mar-22 | 800.4 | 206.98 | 4.34 |
Objects of the Issue:
The Objects of the Issue are:
A. To meet the working capital requirements
B. To meet the Issue Expenses
C. General Corporate Purposes
Containe Technologies Ltd IPO Registrar:
Cameo Corporate Services Limited
Containe Technologies Ltd IPO Lead Manager(s):
Finshore Management Services Limited (Past IPO Performance)
Company Contact Information:
Containe Technologies Ltd
H. No. 3-13-142/ 341P, 342, Gokul Nagar, Marriguda Mallapur, Secunderabad
Hyderabad
Hyderabad
