Containe Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Containe Technologies IPO release date, IPO offer price, subscription, Containe Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs. 15 |
| Listing At | BSE SME |
| Min. Order Quantity | 8000 shares |
| Listing Date | Sep 30, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs. 261.60 Lakh |
| IPO Size | Rs. 261.60 Lakh |
| Tick Size | 1 |
Containe Technologies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Containe Technologies IPO – Summary
Their Company is founded and promoted by Mr Anand Kumar Seethala in the year 2008 and is engaged in the business of Automobile Safety and GPS solutions in the Automobile Sector.
They manufacture 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.
It is suitable for all types of commercial transport categories of vehicles and educational institutions Buses. Their Company is also manufacturing Vehicle Location Tracking Devices (VLTD), a “TRANOPRO” Brand, suitable for all types of vehicles.
The Vehicle Location Tracking Devices are Tested and Approved by International Centre for Automotive Technology (ICAT).
The Promoter of this company is Mr Anand Kumar Seethala and Mrs Botcha Bhavani. The lead manager to the issue is FINSHORE MANAGEMENT SERVICES LIMITED, and the Registrar to this issue is CAMEO CORPORATE SERVICES LIMITED.
Containe Technologies IPO Date
The opening of Containe Technologies IPO will be on Sep 20, 2022, and the closing date Sep 22, 2022.
Containe Technologies IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – Sep 20, 2022 | 0.34x | 1.90x | 1.13x |
| 2nd Day – Sep 21, 2022 | 8.29x | 4.47x | 6.41x |
| 3rd Day – Sep 22, 2022 | 155.13x | 86.33x | 121.31x |
| Shares Offered or Net Issue | 832,000x | 832,000x | 1,656,000x |
The shares subscribed by the public will be updated here.
Containe Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Containe Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Sep 27, 2022 |
| Refunds Initiation | Sep 28, 2022 |
| Credit of Shares to Demat Account | Sep 29, 2022 |
| Share Listing Date | Sep 30, 2022 |
Containe Technologies IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.15.
Containe Technologies IPO Equity Size
This Initial Public Issue of 17,44,000 Equity Shares of Rs.10 each for cash at a price of Rs.15 per equity share aggregating to Rs.261.60 Lakh.
Containe Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 17,44,000 Equity Shares of Rs.10/ each.
Issue Size: Rs. 17,44,000 Equity Shares of Rs.10 each, aggregating to Rs.261.60 Lakh.
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Containe Technologies IPO – Live Performance
The listing date of this IPO is . You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Containe Technologies Share Price |
Containe Technologies IPO Grey Market Premium
The Containe Technologies Limited IPO Grey Market Premium price is Rs.3 , the Kostak rate is Rs X and the Subject to Sauda is X.
Containe Technologies IPO – Company Overview
They have one manufacturing unit at Marriguda, Secunderabad, and Hyderabad.
They employ an extensive and stringent quality control mechanism at each stage of the manufacturing process in these facilities to ensure that their finished product conforms to the exact requirements of Central Motor Vehicle (CMV) Rules, Government of India.
Their products are mainly sold through distributors and dealers. Their Company appoints Distributors in various states and the distributors appoint dealers under them.
Also, their Company supplies their products to the distributors and in turn distributors supply the products to the dealers. They have built strong and long-standing relationships with their distributors by aligning their offerings with their business needs.
Their devices are successfully tested and approved on various models of Maruti Suzuki, Mahindra & Mahindra Ashok Leyland, TATA Motors, Eicher, Swaraj Mazda, Force Motors, Toyota, Hyundai and General Motors. They have installed their devices widely across PAN India.
Containe Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 800.4 | 720.73 | 625.5 |
| *Total Revenue | 206.98 | 60.43 | 292.29 |
| Total Expense | 198.15 | 57.87 | 285.00 |
| Profit After Tax | 4.34 | 0.66 | 5.39 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 0.31 | 0.07 | 0.54 |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.4.34 Lakh, Rs. 0.66 Lakh, and Rs.5.39 Lakh, respectively.
Containe Technologies IPO – Promoters
The Promoter of this company is:
- Mr Anand Kumar Seethala
- Mrs Botcha Bhavani
List of Related Parties (Key Managerial Personnel)
- Mr Anand Kumar Seethala, Managing Director
- Mr Vijay Kumar Jojoda, Chief Financial Officer
- Mrs. Nikitha Sarda, Company Secretary
Containe Technologies IPO – Promoters Holding
- Pre Issue Share Holding -99.99%
- Post Issue Share Holding -72.07%
Containe Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 17,44,000 Equity Shares aggregating up to Rs. 261.60 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 88,000 Equity Shares aggregating up to Rs.13.20 Lakh |
| Net Issue to the Public | Up to 16,56,000 Equity Shares aggregating up to Rs. 248.40 Lakh |
| Of which: | |
| Retail Investors Portion | 8,32,000 Not less than 50% |
| Other than Retail Individual Investors | 8,32,000 Not more than 50% |
| Equity Shares outstanding prior to the Issue | 45,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 62,44,000 Equity Shares |
Containe Technologies IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To meet the working capital requirements
2. To meet the Issue Expenses
3. General Corporate Purposes
Containe Technologies IPO – Business Strategy
- Focus on Increase in Volume of Sales
- Reduction of operational costs and achieving efficiency
- Quality Assurance
- Leverage and enhance their goodwill in the market
- Leveraging their Market skills and Relationships
Containe Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established and proven track record;
- Leveraging the experience of their Promoters;
- Experienced management team and a motivated and efficient workforce;
- Cordial relations with their customers
- Quality Assurance & Control
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | 0.31 | 0.92% | 11.15 |
| 31-Mar-21 | 0.07 | 0.59% | – |
| 31-Mar-20 | 0.54 | 0.92% | – |
Containe Technologies IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Containe Technologies Limited | Rs. 10 | 48.39 | 0.27 | 1.46% | 206.98 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Containe Technologies IPO Lead Managers
| Lead Managers |
| FINSHORE MANAGEMENT SERVICES LIMITED Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020, West Bengal, India Contact Person: Mr. S. Ramakrishna Iyengar Telephone: 033 – 22895101 Email: ramakrishna@finshoregroup.com |
Containe Technologies IPO Registrar to offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LIMITED “Subramanian Building”, #1, Club House Road, Chennai – 600 002, India Contact Person: Mr. R.D. Ramasamy, Director Telephone: +91-44-40020700, 28460390 Email: investor@cameoindia.com |
Containe Technologies IPO – Other Details
- Statutory Auditor – M/s. Dhanunjaya & Haranath
- Legal Counsel to the Company – J MUKHERJEE & ASSOCIATES
- Bankers to the Company – NA
Containe IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Containe Technologies Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Containe Technologies IPO Review FAQs
Check out various FAQs related to Containe IPO:
What is the Issue Size of Containe Technologies IPO?
The Company is making an initial public offer of 17,44,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Containe Technologies IPO?
The price band for this particular IPO ranges between Rs. 15. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Containe Technologies IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 20, 2022 , while the closing date is set at Sep 22, 2022.
What is the Containe Technologies IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 27, 2022, refund initiation is on Sep 28, 2022, credit of shares is on Sep 29, 2022, and share listing date is on Sep 30, 2022.
What is the Containe Technologies IPO Listing Date?
Shares of this company shall be listed in the exchanges Sep 30, 2022. The date, when the listing would be done, is stagnant on Sep 30, 2022.
Who is the Registrar of Containe Technologies IPO?
One of the reputed registrars is managing the issue of this IPO, CAMEO CORPORATE SERVICES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Containe Technologies IPO?
Here are the promoters of this IPO – Mr. Anand Kumar Seethala and Mrs. Botcha Bhavani. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Containe Technologies IPO?
They have obtained the GMP of this IPO and it is Rs. 3. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Rhetan IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Containe Technologies Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.4.34 Lakh, Rs. 0.66 Lakh, and Rs.5.39 Lakh, respectively.
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