IPO Issue Details
Issue Price / Price Band₹15 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size8,000 Shares per Lot
Total Issue Size17,44,000 shares (aggregating up to ₹2.62 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 20 Sep 2022
Subscription CloseThu, 22 Sep 2022
Anchor AllotmentMon, 19 Sep 2022
Basis of AllotmentTue, 27 Sep 2022
Initiation of RefundsWed, 28 Sep 2022
Credit of Shares to DematThu, 29 Sep 2022
Listing DateFri, 30 Sep 2022
UPI Mandate Deadline2022-09-22
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 8,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 16,000 shares
P/E Ratio (Pre-IPO)214x
Net Offer to Public16,56,000 shares (aggregating up to ₹2.48 Cr)
Reserved for Market Maker88,000 shares (aggregating up to ₹0.1320 Cr)
Pre-IPO Promoter Holding45,00,000 shares
Post-IPO Promoter Holding62,44,000 shares
About Containe Technologies Ltd.
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.
Objects of the Issue
Containe Technologies Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To meet the working capital requirements
2.07
2
2 General corporate purposes
0.32
3
3 Issue related expenses
0.23
Shareholding & Lock-in
Pre-IPO Promoter Holding
45,00,000 shares
Post-IPO Promoter Holding
62,44,000 shares