Containe Technologies was incorporated on August 03, 2022. The company manufactures wide range of technology-intensive electronic and mechanical automotive products. They have applications across vehicle segments, including four-wheeler passenger vehicles, light commercial vehicles, and heavy commercial vehicles.
| Bidding Dates |
|---|
| 20 Sep 2022 - 22 Sep 2022 |
| Subscription |
|---|
| 115.66x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 8000 | 1.7 M | ₹15 | 72.07 % | ₹26.2 M | RHP DOC |
Containe Tech IPO SUBSCRIPTION STATUS
22 Sep '22Containe Tech IPO overall subscription rate was 115.66 times the total available shares
Containe Tech IPO retail subscription rate was 76.15 times in the retail segment
Containe Tech IPO non-institutional investor subscription rate was 154.06 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
22 Sep 2022 (Day 3) | 76.15x | 154.06x | - |
21 Sep 2022 (Day 2) | 4.47x | 8.29x | - |
20 Sep 2022 (Day 1) | 1.9x | 0.34x | - |
Containe Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY22 | 0.4 | 20.7 | -50.2 | -50.8 |
| FY21 | 0.1 | 5.9 | 1.8 | -1.7 |
| FY20 | 0.5 | 29.2 | 7.8 | -0.1 |
Containe Tech IPO SUBSCRIPTION STATUS DETAILS
Containe Tech had 1.7 M shares on offer
Containe Tech IPO offer price was ₹15
Containe Tech IPO minimum Investment was ₹120000
Containe Tech IPO issue size was ₹ 26.2 M
Containe Tech had a minimum lot size of 8000 Shares per application
Containe Tech NUMBER OF SHARES ON OFFER
Containe Tech IPO IMPORTANT DATES
| Issue Open Date | 20 Sep 2022 |
| Issue close Date | 22 Sep 2022 |
| Allotment Date | 27 Sep 2022 |
| Refund Date | 28 Sep 2022 |
| Demat Account Credit Date | 29 Sep 2022 |
| Listing Date | 30 Sep 2022 |
| Listing on Exchange(s) | BSE |
| Containe Tech Allotment Status | Exchange |
Containe Tech IPO subscription opened on 20 Sep 2022, and closed on 22 Sep 2022
IPO allotment for Containe Tech was finalized on Tuesday, 27 Sep 2022
IPO listing for Containe Tech was on BSE on Friday, 30 Sep 2022
Containe Tech IPO LISTING GAINS
| Issue Price (adjusted) | 15.0 |
| Listing Open Price | 22.0 |
| Listing Close Price | 23.1 |
| Listing Gain% | 46.7% |
| Current Gain% | 83.7% |
Containe Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Containe Technologies Ltd. | 27.6 | 17.2 | 12.3 | 0.2 | 0.7 | 8.2 | 3.8 | 26.3 | 70.4 | 1.4 | 56.6 | 2.2 | 56.6 |
| KRN Heat Exchanger and Refrigeration Ltd. | 1208.4 | 7511 | 98.2 | 2.2 | 12.5 | 13.3 | 8.2 | 609.8 | 38.1 | 76.5 | 44.6 | 12.3 | 44.6 |
| Centum Electronics Ltd. | 3851.8 | 5684.9 | -110.6 | 0 | 4.6 | -13.6 | -3.6 | 968.6 | -16.8 | -46.7 | -1999.6 | -34.8 | -2567.5 |
| Cyient DLM Ltd. | 685.6 | 5442.1 | 66.3 | 3.7 | 4 | 7.2 | 4.5 | 1297.7 | -16 | 73.3 | 7.6 | 10.3 | 18.1 |
| Marine Electricals (India) Ltd. | 336.9 | 4659.1 | 79.8 | 1.5 | 5.3 | 11.8 | 6.6 | 893.2 | 14.5 | 58.4 | 51.9 | 4.2 | 51.9 |
| Hind Rectifiers Ltd. | 1310.2 | 4503.4 | 100.1 | 4.7 | 4.5 | 21.6 | 6.8 | 1000.8 | 52.4 | 45 | 21.3 | 13.1 | 21.3 |
Containe Tech INFORMATION ON IPO ISSUE
About Containe Tech
Containe Technologies was incorporated on August 03, 2022. The company manufactures wide range of technology-intensive electronic and mechanical automotive products. They have applications across vehicle segments, including four-wheeler passenger vehicles, light commercial vehicles, and heavy commercial vehicles.
Object of the Issue
- To meet the working capital requirements
- To meet the issue expenses
- General corporate purposes
Containe Tech - PROMOTERS
| Name |
|---|
| Anand Kumar Seethala |
| Botcha Bhavani |
Containe Tech Lead Manager to the Issue
Finshore Management Services Limited
ramakrishna@finshoregroup.com
Containe Tech Registrar to the issue
Cameo Corporate Services Limited
investor@cameoindia.com
Containe Tech Strengths
Organisation stability
The group has an established track record of approximately 14 years which indicates the company’s ability to weather economic and business cycles
Smooth flow of operations
Over the years, the company has developed a wide clientele base and this was done with a valued based relationship approach
Rich management experience
The company has a qualified and experienced management team empowered to take a timely decision which makes the operations of the business smoother and ensures efficiency in all aspects of operations
Containe Tech Risks
Dependent on external suppliers
The company is dependent on external suppliers/distributors for its component requirements
Government interventions
The business depends on various government interventions, permissions, and compliances, and regular check-ups and verifications
IPO FAQs
The promoters of the company are Anand Kumar Seethala and Botcha Bhavani.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 15.0 - 15.0.
The IPO application opens on Sep 20, 2022 and closes on Sep 22, 2022.
The minimum lot size for the IPO is 8000. The maximum lot size for the IPO is 8000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Sep 27, 2022.
The refund will be credited to your account on Sep 28, 2022.
The allotted shares will be credited to your demat on Sep 29, 2022.
Containe Technologies Ltd.’s shares listed on the stock exchanges on Sep 30, 2022.