Containe Technologies IPO Details: Containe Technologies’ IPO date has been set. The IPO will begin on September 20 and end on September 22, 2022. Containe Technologies is a BSE SME IPO that plans to raise Rs. 2.62 crores through the IPO. The price band for Containe Technologies’ IPO is Rs. 15, with a market lot of 8000 shares.
Containe Technologies IPO Details
|IPO Opening Date||Sep 20, 2022|
|IPO Closing Date||Sep 22, 2022|
|Price Band||Rs. 10 per share|
|Lot Size||8000 Shares|
|Issue Size (Rs. Cr.)||1,744,000 shares of Rs. 10 (aggregating up to Rs. 2.62 Cr)|
|Fresh Issue||1,744,000 shares of Rs. 10 (aggregating up to Rs. 2.62 Cr)|
|Face Value||Rs. 10 per share|
|Issue Type||Fixed Price Issue IPO|
|Exchange Board||BSE, SME|
|Retail Shares Offered||50%|
|NII (HNI) Shares Offered||50%|
|Basis of Allotment Date||Sep 27, 2022|
|Initiation of Refunds||Sep 28, 2022|
|Credit of Shares to Demat Account||Sep 29, 2022|
|Containe Technologies IPO Listing Date||Sep 30, 2022|
Containe Technologies IPO Date
Containe Technologies IPO issue will be available for subscription from September 20, 2022 to September 22, 2022.
Containe Technologies IPO Issue Size
Containe Technologies IPO Issue Size is Rs. 2.62 Cr. Mr. Anand Kumar Seethala and Mrs. Botcha Bhavani are the company promoters.
Containe Technologies IPO Price
Shares will be sold by the company for between Rs. 15 each. Containe Technologies face value is Rs. 10 per equity share.
Containe Technologies IPO Lot Size
The lot size for the Containe Technologies IPO is 8000 shares. A retail investor can apply for up to one lot (8000 shares or Rs. 120,000).
Containe Technologies Allotment Date and Listing Date
The basis of allotment date of Containe Technologies IPO is Sep 27, 2022 and its Initiation of Refunds date is Sep 28, 2022. A successful trade’s shares will credit to Demat account on Sep 29, 2022. Containe Technologies IPO’s listing date is Sep 30, 2022.
About Containe Technologies Limited IPO
Containe Technologies Limited (CTPL), founded in 2008, is a company that provides Automobile Safety and GPS solutions to the automotive industry. The company produces a wide range of technologically advanced electronic and mechanical automotive products.
Containe Technologies Limited is an ISO 9001:2015 certified company that specialises in the design, development, manufacturing, supply, and service of electronic speed limiting devices and GSM/GPRS/GPS/IRNSS based communication and control of vehicle location tracking devices, as well as the marketing and sales of IoT devices and lithium ion battery operated 2-wheeler and 3-wheeler auto rickshaws.
The company manufactures electronic Speed Limiting Devices (SLD), “MOTOREYE & LIMITS” Brand Electronic Fuel Regulators, and Pedal Interfaces for vehicles ranging from BS-IV Standards to older vehicles.
Containe Technologies Limited operates a single manufacturing facility in Marriguda, Secunderabad, Hyderabad. The majority of the company’s products are sold through distributors and dealers.
Promoters of Containe Technologies IPO
Containe Technologies Limited is promoted by Mr. Anand Kumar Seethala and Mrs. Botcha Bhavani.