Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Tue, Sep 20, 2022 - Thu, Sep 22, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Sep 20, 2022
IPO Close
Thu, Sep 22, 2022
Issue Price
₹15 per share
Market Cap (Pre-IPO)
₹9.37 Cr
| IPO Date | 20 to 22 Sep, 2022 |
| Listed on | Fri, Sep 30, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 17,44,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 88,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.1320 Cr) |
| Fresh Issue (Ex Market Maker) | 16,56,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 16,56,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 45,00,000 shares |
| Share Holding Post Issue | 62,44,000 shares |
| BSE Script Code | 543606 |
| ISIN | INE0M8901010 |
Containe Technologies IPO comprises a total issue size of 17,44,000 shares. The net offer to the public is 16,56,000 shares, after excluding 88,000 shares allotted on a firm basis. Of the Net offer 8,24,000 (49.76%) allocated to NII 8,32,000 (50.24%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,24,000 | 49.76% | 47.25% |
| Retail Shares Offered | 8,32,000 | 50.24% | 47.71% |
| Firm Reservations | |||
| Market Maker Shares Offered | 88,000 | 5.05% | |
| Total Shares Offered | 17,44,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| 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 |
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 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 8.00 | 7.21 | 6.26 |
| Total Income | 2.07 | 0.60 | 2.92 |
| Profit After Tax | 0.04 | 0.01 | 0.05 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 2.07 |
| 2 | General corporate purposes | 0.32 |
| 3 | Issue related expenses | 0.23 |
| KPI | |
|---|---|
| ROE | 1.7% |
| ROCE | 4% |
| Debt/Equity | 0.41 |
| RoNW | 0.92% |
| PAT Margin | 2.10% |
| EBITDA Margin | 17.84% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.31 | |
| P/E (x) | 214 | |
| Promoter Holding | 99.99% | 72.07% |
| Market Cap | ₹9.37 Cr. |
The Containe Technologies IPO is subscribed 121.31 times on September 22, 2022 6:57:00 PM (Day 3). 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 155.13 | 8,32,000 | 12,90,64,000 |
| Retail | 86.33 | 8,32,000 | 7,18,24,000 |
| Total | 121.31 | 16,56,000 | 20,08,88,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including other intermediaries Fees | 0.22 |
| 2 | Regulators Including Stock Exchanges | 0.06 |
| 3 | Advertising and Marketing Expenses | 0.03 |
| 4 | Printing and distribution of Issue Stationary | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹22.00 |
| Low | ₹20.90 |
| High | ₹23.10 |
| Last Trade | ₹23.10 |
Lead Manager Reports
Containe Technologies IPO is a SME IPO of 17,44,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.
The IPO opens on Tue, Sep 20, 2022, and closes on Thu, Sep 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 Tue, Sep 20, 2022 and closes on Thu, Sep 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 Thu, Sep 29, 2022. Check the Containe Technologies IPO allotment status.
The Containe Technologies IPO listing date is on Fri, Sep 30, 2022.
