Containe Technologies Ltd IPO (Containe Technologies IPO) Details
Incorporated in 2008, Containe Technologies Limited (CTPL) is engaged in the business of Automobile Safety and GPS solutions in the Automobile Sector.
The company produces a wide variety of technologically advanced mechanical and electronic automobile products.
Containe Technologies Limited is an ISO 9001:2015-certified company that specializes in the design, development, manufacturing, supply, and service of electronic speed limiters, GSM/GPRS/GPS/IRNSS-based communication and control devices for vehicles, marketing and sales of Internet of Things (IoT) devices, and lithium-ion battery-powered 2- and 3-wheeled auto rickshaws.
The business produces electronic Fuel Regulators & Pedal Interface under the “MOTOREYE & LIMITS” Brand, which are suited for both the newest BS-IV Standards-compliant vehicles and the oldest vehicles.
One manufacturing facility owned by Containe Technologies Limited is located in Marriguda, Secunderabad, Hyderabad. The majority of the company’s sales are made through dealers and distributors.
|Period Ended||Total Assets||Total Revenue||Profit After Tax|
|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 Size||1,744,000 shares of ₹10|
(aggregating up to ₹2.62 Cr)
|Fresh Issue||1,744,000 shares of ₹10|
(aggregating up to ₹2.62 Cr)
|Issue Type||Fixed Price Issue IPO|
|Listing At||BSE SME|
|NII (HNI) Shares Offered||50%|
|Retail Shares Offered||50%|
|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.
|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).
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.