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Containe Technologies IPO is a fixed price issue of ₹2.62 crores. The issue is entirely a fresh issue of 0.17 crore shares of ₹2.62 crore.
Containe Technologies IPO bidding started from Sep 20, 2022 and ended on Sep 22, 2022. The allotment for Containe Technologies IPO was finalized on Sep 27, 2022. The shares got listed on BSE SME on Sep 30, 2022.
Containe Technologies IPO price is ₹15.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,40,000.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Containe Technologies IPO RHP for detailed Information.
| IPO Date | September 20, 2022 to September 22, 2022 |
| Listing Date | September 30, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 17,44,000 shares (aggregating up to ₹2.62 Cr) |
| Reserved for Market Maker | 88,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.1320 Cr) |
| Net Offered to Public | 16,56,000 shares (aggregating up to ₹2.48 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 45,00,000 shares |
| Share Holding Post Issue | 62,44,000 shares |
Containe Technologies IPO offers total 17,44,000 shares. Out of which 8,24,000 (47.25%) allocated to NII, 8,32,000 (47.71%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 88,000 (5.05%) |
| NII (HNI) Shares Offered | 8,24,000 (47.25%) |
| Retail Shares Offered | 8,32,000 (47.71%) |
| Total Shares Offered | 17,44,000 (100.00%) |
Containe Technologies IPO opens on September 20, 2022, and closes on September 22, 2022.
| IPO Open Date | Tue, Sep 20, 2022 |
| IPO Close Date | Thu, Sep 22, 2022 |
| Tentative Allotment | Tue, Sep 27, 2022 |
| Initiation of Refunds | Wed, Sep 28, 2022 |
| Credit of Shares to Demat | Thu, Sep 29, 2022 |
| Tentative Listing Date | Fri, Sep 30, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 22, 2022 |
Investors can bid for a minimum of 8,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8,000 | ₹1,20,000 |
| Retail (Max) | 1 | 8,000 | ₹1,20,000 |
| HNI (Min) | 2 | 16,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Period Ended | 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 |
| Amount in ₹ Lakhs | |||
The market capitalization of Containe Technologies IPO is ₹9.37 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 214 |
The Objects of the Issue are:
A. To meet the working capital requirements
B. To meet the Issue Expenses
C. General Corporate Purposes
[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...
| Listing Date | September 30, 2022 |
| BSE Script Code | 543606 |
| NSE Symbol | |
| ISIN | INE0M8901010 |
| Final Issue Price | ₹15 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹22.00 |
| Low | ₹20.90 |
| High | ₹23.10 |
| Last Trade | ₹23.10 |
Containe Technologies Ltd.
H. No. 3-13-142/ 341P,
342, Gokul Nagar, Marriguda
Mallapur, Secunderabad
Hyderabad, Telangana, 500076
Phone: +91 81432 24767
Website: http://www.containe.in/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Containe Technologies IPO is a SME IPO of 17,44,000 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.
The IPO opens on September 20, 2022, and closes on September 22, 2022.
Cameo Corporate Services Ltd. 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
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, and the minimum amount required for application is ₹1,20,000.
You can apply in Containe Technologies IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Friday, September 30, 2022.
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