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Containe Technologies Ltd IPO (Containe Technologies IPO) Detail

September 20, 2022 - September 22, 2022

Containe Technologies IPO is a fixed price issue of Rs 2.62 crores. The issue is entirely a fresh issue of 17.44 lakh shares.

Containe Technologies IPO bidding started from September 20, 2022 and ended on September 22, 2022. The allotment for Containe Technologies IPO was finalized on Tuesday, September 27, 2022. The shares got listed on BSE SME on September 30, 2022.

Containe Technologies IPO price is ₹15 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (16,000 shares) amounting to ₹240,000.

Finshore Management Services Limited is the book running lead manager of the Containe Technologies IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Refer to Containe Technologies IPO RHP for detailed information.

Containe Technologies IPO Details

IPO Date September 20, 2022 to September 22, 2022
Listing Date September 30, 2022
Face Value ₹10 per share
Price ₹15 per share
Lot Size 8000 Shares
Total Issue Size1,744,000 shares
(aggregating up to ₹2.62 Cr)
Fresh Issue1,744,000 shares
(aggregating up to ₹2.62 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion88,000 shares

Containe Technologies IPO Reservation

Containe Technologies IPO offers 1,744,000 shares. 832,000 (47.71%) to NII, 832,000 (47.71%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered88,000 (5.05%)
Other Shares Offered832,000 (47.71%)
Retail Shares Offered832,000 (47.71%)
Total Shares Offered1,744,000 (100%)

Containe Technologies IPO Timeline (Tentative Schedule)

Containe Technologies IPO opens on September 20, 2022, and closes on September 22, 2022.

IPO Open Date Tuesday, September 20, 2022
IPO Close Date Thursday, September 22, 2022
Basis of Allotment Tuesday, September 27, 2022
Initiation of Refunds Wednesday, September 28, 2022
Credit of Shares to Demat Thursday, September 29, 2022
Listing Date Friday, September 30, 2022
Cut-off time for UPI mandate confirmation 5 PM on September 22, 2022

Containe Technologies IPO Lot Size

Investors can bid for a minimum of 8000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 8000 ₹120,000
Retail (Max) 1 8000 ₹120,000
HNI (Min) 2 16,000 ₹240,000
Lot Size Calculator

Containe Technologies IPO Promoter Holding

Mr. Anand Kumar Seethala and Mrs. Botcha Bhavani are the company promoters.

Share Holding Pre Issue 99.99%
Share Holding Post Issue 72.07%

About Containe Technologies Ltd

Incorporated in 2008, 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 Financials

Containe Technologies Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-20625.5292.295.39
31-Mar-21720.7360.430.66
31-Mar-22800.4206.984.34
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Containe Technologies IPO is Rs 9.37 Cr.

Pre IPO Post IPO
P/E (x) 214

Objects of the Issue (Containe Technologies IPO Objectives)

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 IPO Review (Avoid)

[Dilip Davda]  CTL has not performed to match its asking price. There has been garble in IPO-related expenses and general corporate expenses data in offer documents. Based on FY22 earnings, the issue is exorbitantly priced. There is no harm in ignoring this pricy issue. Read detail review...


Containe Technologies IPO Subscription Status (Bidding Detail)

The Containe Technologies IPO is subscribed 121.31 times on September 22, 2022 6:57:00 PM. The public issue subscribed 86.33 times in the retail category, times in the QIB category, and 155.13 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other155.13
Retail86.33
Total121.31

Containe Technologies IPO Prospectus

Containe Technologies IPO Rating

144
3.5
Rating:Rated 3.5 stars
Vote Here ...

Containe Technologies IPO Listing Details

Listing Date September 30, 2022
BSE Script Code 543606
NSE Symbol
ISIN INE0M8901010
Final Issue Price ₹15 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹15.00
₹22.00
₹20.90
₹23.10
₹23.10

Check IPO Performance…

Containe Technologies Ltd Contact Details

Containe Technologies Ltd
H. No. 3-13-142/ 341P,
342, Gokul Nagar, Marriguda
Mallapur, Secunderabad, Hyderabad – 500076
Phone: cs@containe.in
Email: +91 81432 24767
Website: http://www.containe.in/

Containe Technologies IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

Containe Technologies IPO - Buy or Not

Containe Technologies IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 2 1 0

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Containe Technologies IPO FAQs

Containe Technologies IPO is a SME IPO of 1,744,000 equity shares of the face value of ₹10 aggregating up to ₹2.62 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000 Shares.

The IPO opens on September 20, 2022, and closes on September 22, 2022.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Containe Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Containe Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Containe Technologies IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Containe Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Containe Technologies IPO opens on September 20, 2022 and closes on September 22, 2022.

Containe Technologies IPO lot size is 8000 Shares, and the minimum amount required is ₹120,000.

You can apply in Containe Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Containe Technologies IPO will be done on Tuesday, September 27, 2022, and the allotted shares will be credited to your demat account by Thursday, September 29, 2022. Check the Containe Technologies IPO allotment status.

The Containe Technologies IPO listing date is on September 30, 2022.
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Containe Technologies IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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329 Comments

106. Takamichi |   Link |  Bookmark |October 27, 2022 9:43:51 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Any comments on how far it can go this year?
105. MRavichandran |   Link |  Bookmark |September 30, 2022 9:48:10 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
Bought 20 lots in pre-open (total 22 lots).

Thanks
105.39. MRavichandran |   Link |  Bookmark |October 17, 2022 11:36:45 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
@Takamichi,
Great to note you added. yes, some one has cornered most of the shares last few days.
I have very strong conviction in this company to give multifold purely on their business, I would advise to just hold on for 1-2 years. I will be adding as and when i have surplus money.

Thanks
105.40. Takamichi |   Link |  Bookmark |October 18, 2022 10:16:42 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
@mravi ji
Will be taking ur advice on holding for 1-2 year on one lot.....sold one today to have some free money in future ipos....
Thanks for replying with so much of patince.....
104. Takamichi |   Link |  Bookmark |September 30, 2022 9:55:40 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
In this market around 20 would have been a good price...... 22 is on higher side....
This hyper buying at pre-open is pushing the price quite a bit in recent listing and the effect is seen in later time.....
104.8. Takamichi |   Link |  Bookmark |October 20, 2022 12:11:35 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
3x
104.9. MehulStk |   Link |  Bookmark |October 20, 2022 1:13:59 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
for 3x, It should reach the 45rs for my allotted lot, Anything can happened in SMEs, Even MAFIA showing good spike which I bought on listing day because of small size.
103. LOVE IPO |   Link |  Bookmark |September 29, 2022 11:56:28 AM
Congratulations to all who have recieved allotment and Best wishes for tomorrow listing.💐💐💐
Not able to get firmed up rates on this one in Ahmedabad and Rajkot, source based indicative rates are between 60k to 70k. Any updates from other members for grey market rates at other locations. Would appreciate the same.
Likely to see fireworks tomorrow on this .Cheers...🚀🚀🚀
103.3. Manikj |   Link |  Bookmark |September 30, 2022 12:41:42 PM (200+ Posts)
Hello Love Ipo,
Is there any GMP or Sub to for Cargosol and Silican?
103.4. LOVE IPO |   Link |  Bookmark |September 30, 2022 4:18:23 PM
@Manikj...Not getting firmed up rates on cargosal & silicon as on Date in Ahmedabad & Rajkot. I have access only to these two markets. However seeing Cargosol subscription Figures, they are encouraging, One in likely to see movement on this shortly.
102. Amit Surana |   Link |  Bookmark |September 30, 2022 10:53:40 AM (400+ Posts)
Congrats to all allottees...

unfortunately no luck this time too ;)

hoping to get allotment in some other on going festival sale of sme ipo :) (thought chances are less)
101. Noorul |   Link |  Bookmark |September 27, 2022 8:47:21 PM
Got 1 lot .
101.6. Kundan Mishra |   Link |  Bookmark |September 30, 2022 10:10:05 AM
Congratulations :)
I also bought a lot.
101.7. snipperRaj |   Link |  Bookmark |September 30, 2022 10:22:25 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
congrats... i have bought 1. 1 alloted.
100. MehulStk |   Link |  Bookmark |September 30, 2022 9:46:47 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
bought 1 @22
99. AMIT IND |   Link |  Bookmark |September 30, 2022 9:44:46 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
settled @ 22
98. AMIT IND |   Link |  Bookmark |September 29, 2022 10:44:48 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Regarding allotment there are less then 218 allottees, so upper circuit is possible just after listing. Lucky ones (including me) who has got allotment should think and decide very wisely as stock is in few hands.Please share your views.
98.1. BANSAL ANKUR |   Link |  Bookmark |September 29, 2022 10:53:16 PM
Your are right.
I'm also the lucky one.
Very few lots available.
Better to hold
97. bAAz |   Link |  Bookmark |September 29, 2022 8:27:04 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)

62,44,000 Equity Shaes

Scrip ID on BOLT System

CONTAINE

Abbreviated Name on BOLT System

CONTAINE

Scrip Code

543606

ISIN No.

INE0M8901010

Market Lot

8,000

Issue Price for the current Public issue

Rs. 15/- per share
96. ARJUN'S EYE |   Link |  Bookmark |September 29, 2022 5:49:42 PM
IPO Mentor IPO Mentor (700+ Posts, 600+ Likes)

*CONTAINE TECHNOLOGIES LIMITED (SME – IPO)*
Listing on Friday, 30 September
BSE Code : 543606
Group : ‘MT’
ISIN : INE0M8901010
Issue Price : 15/-
Lot : 8000 shares

95. IPO BHAKT |   Link |  Bookmark |September 29, 2022 2:15:41 PM
Double candidate?
95.1. bAAz |   Link |  Bookmark |September 29, 2022 2:40:07 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Hoping so
94. Vipul M Shah |   Link |  Bookmark |September 28, 2022 6:24:40 PM (400+ Posts)
@ IPO BHAKT

Yes. SBI has yet not remove lien? Amount still blocked.
94.3. Monster Zero |   Link |  Bookmark |September 29, 2022 12:43:09 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Amount unblock after twtr dn to sbi
Apply bindass
94.4. Monster Zero |   Link |  Bookmark |September 29, 2022 12:43:17 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
DM*
93. IPO guro |   Link |  Bookmark |September 29, 2022 11:41:39 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Aray SBI jaag jao Bhai
Public ko SME may apply karna hai maharaaj.
92. IPO guro |   Link |  Bookmark |September 29, 2022 11:15:53 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
SBI abhi tak Paisa block Kiya hua hi bahut mahaaaan service hi.
91. IPO BHAKT |   Link |  Bookmark |September 28, 2022 9:10:40 PM
Fund is still unblocked in sbi.can we use fund tomorrow?
91.2. Monster Zero |   Link |  Bookmark |September 28, 2022 11:44:49 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
I think sbi has not yet uploaded the non allotee data of net banking asba applications..
My UPI application unblocked in the morning itself
Maybe by tommorow morning... Money will be unblocked for asba net banking.
91.3. MehulStk |   Link |  Bookmark |September 29, 2022 10:47:51 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
SBI fund still blocked, Also they won't allow to apply after 2pm. SBI worst for IPO investors.
90. Kami |   Link |  Bookmark |September 29, 2022 10:30:58 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
does sbi released the money?
89. Vipul M Shah |   Link |  Bookmark |September 28, 2022 2:36:38 PM (400+ Posts)
@ BANSAL ANKUR

Have you applied Third party application out of 30 to 40 accounts ?
89.1. BANSAL ANKUR |   Link |  Bookmark |September 28, 2022 10:44:02 PM
Half are third party
88. BANSAL ANKUR |   Link |  Bookmark |September 27, 2022 10:32:39 PM
Got 1 lot

This month has been lucky for me
Agni green
Annapurna
2 Ep bio
Megaflex
Now this Containe

All in retail
88.4. Sawant |   Link |  Bookmark |September 28, 2022 9:53:50 AM
@Dinesh any view on Sabar, Virtuso?
88.5. BANSAL ANKUR |   Link |  Bookmark |September 28, 2022 10:43:06 PM
@Dinesh
Sold on listing day unfortunately.
87. VINAYERH |   Link |  Bookmark |September 28, 2022 8:44:22 PM
When amount unblocking ?