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Containe Technologies Ltd IPO (Containe Technologies IPO) Detail

Sep 20, 2022 - Sep 22, 2022

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

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 IPO Details

Containe Technologies IPO Date Sep 20, 2022 to Sep 22, 2022
Containe Technologies IPO Face Value ₹10 per share
Containe Technologies IPO Price ₹15 per share
Containe Technologies IPO Lot Size 8000 Shares
Issue Size1,744,000 shares of ₹10
(aggregating up to ₹2.62 Cr)
Fresh Issue1,744,000 shares of ₹10
(aggregating up to ₹2.62 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
NII (HNI) Shares Offered50%
Retail Shares Offered50%
Company Promoters

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

Containe Technologies IPO Timeline (Tentative Timetable)

Containe Technologies IPO opens on Sep 20, 2022, and closes on Sep 22, 2022. The Containe Technologies IPO bid date is from Sep 20, 2022 10.00 A.M. to Sep 22, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Containe Technologies IPO Opening Date Sep 20, 2022
Containe Technologies IPO Closing Date Sep 22, 2022
Basis of Allotment Sep 27, 2022
Initiation of Refunds Sep 28, 2022
Credit of Shares to Demat Sep 29, 2022
Containe Technologies IPO Listing Date Sep 30, 2022

Containe Technologies IPO Lot Size

The Containe Technologies IPO lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 8000 ₹120,000
Retail (Max) 1 8000 ₹120,000

Containe Technologies IPO Promoter Holding

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

Containe Technologies IPO Review

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 Sep 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)
NII155.13
Retail86.33
Total121.31

Containe Technologies IPO Prospectus

Containe Technologies IPO Rating

144
3.5
Rating:Rated 3.5 stars
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Company Contact Information

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 Review

Containe Technologies IPO Recommendation Summary

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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 Sep 20, 2022, and closes on Sep 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 Sep 20, 2022 and closes on Sep 22, 2022.

Containe Technologies IPO lot size is 8000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

The Containe Technologies IPO listing date is not yet announced. The tentative date of Containe Technologies IPO listing is Sep 30, 2022.
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