Containe Technologies IPO Details & Guidance

Containe Technologies IPO Listing on 30 September 2022
Issue Price   Rs. 15
Listed at      Rs. 22
Day 1 high  Rs. 23.10

Grey Market News for Containe Technologies IPO #
On 30 September 2022
Grey Market Premium:  Rs. –

Containe Technologies IPO Subscription Status
On 22 September 2022 @ 5.00 pm
NII 828000 Shares: 155.13 T
RII  828000 Shares: 86.33 T
Tot 16,56,000 Shares: 121.31 T

Containe Technologies IPO Details
IPO Date September 20, 2022, to September 22, 2022
IPO Face Value Rs 10 per share
IPO Price Rs 15 per share
IPO Lot Size 8000 Shares
Issue Size 17,44,000 shares of Rs 10
(Aggregating up to Rs 2.616 Cr)
Fresh Issue 17,44,000 shares of Rs 10
(Aggregating up to Rs 2.616 Cr)
Offer for Sale – shares of Rs 10
(Aggregating up to Rs – Cr)
Issue Type Book Built IPO
Listing At BSE SME
RII: 50% of the net offer

Retail Quota: 50 % / 8,28,000 Shares

Minimum 8000 Rs 120,000
Maximum 8000 Rs 120,000
103 Applications required for onetime subscriptions.

Containe Technologies IPO Timetable 
IPO Opening Date: September 20, 2022
IPO Closing Date: September 22, 2022
Basis of Allotment: September 27, 2022
Initiation of Refunds: September 28, 2022
Credit of Shares to Demat : September 29, 2022
IPO Listing Date: September 30, 2022

Containe Technologies Business:

The company is engaged in the business of Automobile Safety and GPS solutions in Automobile Sector. It manufactures wide range of technology-intensive electronic and mechanical automotive products. These have applications across vehicle segments, including for four-wheeler passenger
vehicles, light commercial vehicles, heavy commercial vehicles.
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. The Speed Limiting Devices are Tested and Approved by Automotive Research Association of India (ARAI), Pune. It is suitable for all types of commercial transport category of vehicles and educational institutions Buses. Our Company is also manufacturing Vehicle Location Tracking Devices (VLTD), “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 company has one manufacturing unit at Marriguda, Secunderabad, Hyderabad. It employs an extensive and stringent quality control mechanism at each stage of the manufacturing process in these facilities to ensure that our finished product conforms to the exact requirements of Central Motor Vehicle (CMV) Rules, Government of India.
Its products are mainly sold through distributors and dealers. The Company appoints Distributors in various states and the distributors appoint dealers under them. The Company supplies our products to the distributors and in turn distributors supplies the products to the dealers. It has built strong and long-standing relationships with its distributors by aligning our offerings with their business needs.
Its 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. It has installed its devices widespread across PAN India.
It has also exported to countries like United Kingdom and United Arab Emirates.

For more information about the company, Click Website: www.containe.in

Promoters of Containe Technologies
Mr. Anand Kumar Seethala and Mrs. Botcha Bhavani

Containe Technologies: Objects of the IPO
To meet working capital requirements

Registered office of Containe Technologies
H. No. 3-13-142/ 341P, 342, Gokul Nagar Marriguda, Mallapur, Secunderabad, Hyderabad – 500076, Telangana, India
Company Secretary and Compliance Officer: Mrs. Nikitha Sarda

Lead Manager of Containe Technologies IPO
Finshore Management Services

SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20 Rs 0.54
Earnings per Share 2020-21 Rs 0.07
Earnings per Share 2021-22 Rs 0.31
Return on Net Worth: 19-20: 4.84 %
Return on Net Worth: 20-21: 0.59 %
Return on Net Worth: 21-22: 0.92 % 
Book Value of the Share as on 31.03.22 Rs 11.15
NAV after the IPO Rs. 12.98
Offer Price Rs. 15

IPO Peer Comparison:
The Company believes that none of the listed companies in India offer products or services across the various business segments in which it operates. Hence a strict comparison is not possible.

Observation by Paresh Gordhandas (Research Analyst)

Will update soon.

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