Containe Technologies IPO will open for subscription from 20 September 2022. the company aims for an issue size of ₹2.62 Cr through this Fixed price issue IPO.
Containe Technologies Ltd
The company is engaged in the business of Automobile Safety and GPS solutions in the Automobile Sector. It manufactures a wide range of technology-intensive electronic and mechanical automotive products. These have applications across vehicle segments, including four-wheeler passenger vehicles, light commercial vehicles, and heavy commercial vehicles.
The company’s electronic Speed Limiting Device (SLD), “MOTOREYE & LIMITS” is suitable for a wide variety of vehicles. The speed limiting devices are tested and approved by the Automotive Research Association of India (ARAI), Pune. It is suitable for all types of commercial transport categories of vehicles and educational institutions Buses. The company also makes Vehicle Location Tracking Devices (VLTD) under the “TRANOPRO” brand.
It has one manufacturing unit in Marriguda, Secunderabad, and Hyderabad. Its products are mainly sold through distributors and dealers. The company has also exported to countries like the United Kingdom and the United Arab Emirates. The company has a dedicated R&D facility to research and develop new indigenous products.
Objects of the Issue
- To meet the working capital requirements.
- To meet the Issue Expenses.
- General Corporate Purposes.
Basic details about the company
| Full name | Containe Technologies Ltd |
| Sector | Electricals |
| Industry | BPO/ITeSElectronics – Components |
| Company Website | http://www.containe.in/ |
Dates to remember
| IPO Opening date | 20 September 2022 |
| IPO Closing | 22 September 2022 |
| Basis of Allotment | 27 September 2022 |
| Initiation Refunds | 28 September 2022 |
| Credit to Demat Account | 29 September 2022 |
| Listing Date | 30 September 2022 |
Containe Technologies IPO Details
| Subscription Dates | 20 – 22 September 2022 |
| Price Band | INR15 per share |
| Fresh issue | 1,744,000 shares (₹2.62 crore) |
| Offer For Sale | NIL |
| Total IPO size | 1,744,000 shares (₹2.62 crore) |
| Minimum bid (lot size) | 8,000 shares |
| Face Value | ₹ 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Containe Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8000 | ₹120,000 |
| Retail (Max) | 1 | 8000 | ₹120,000 |
Containe Technologies IPO Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Containe Technologies Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 291.65 | 58.91 | 206.95 |
| Expenses | 285.00 | 57.87 | 198.15 |
| Net income | 5.39 | 0.66 | 4.34 |
Containe Technologies Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.54 | 0.07 | 0.31 |
| PE ratio | – | – | 48.39 |
| RONW (%) | 4.84 | 0.59 | 0.92 |
| NAV | – | – | 11.15 |
| Debt/Equity ratio | – | 0.21 | 0.41 |
| ROCE (%) | – | 0.09 | 0.04 |
Company Promoters
- Mr. Anand Kumar Seethala
- Mrs. Botcha Bhavani
Containe Technologies IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 72.07% |
Lead Manager(s)
- Finshore Management Services Limited
Containe Technologies IPO Registrar
CAMEO CORPORATE SERVICES LIMITED
Subramanian Building,
#1, Club House Road,
Chennai – 600 002, India
Phone: +91-44-40020700, 28460390
Email: investor@cameoindia.com
Website: www.cameoindia.com
Containe Technologies Contact Details
CONTAINE TECHNOLOGIES LIMITED
H. No. 3-13-142/ 341P, 342, Gokul
Nagar, Marriguda, Mallapur,
Secunderabad, Hyderabad – 500076,
Telangana
Phone: +91 81432 24767
E-mail: cs@containe.in
Website: www.containe.in
Containe Technologies IPO Allotment Status
Containe Technologies IPO allotment will be available on Cameo Corporate Services’ website.
Click on this link to get allotment status.
Final thoughts
Containe Technologies IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
