Containe Technologies IPO Detail

Containe Technologies Limited (CTPL) has filed for an IPO worth around ₹ 2.62 crore. The issue comprises of a fresh issue worth ₹ 2.62 crore and an offer for sale of up to 1,744,000 shares of ₹10. To find more details of this initial public offering, have a glance at the following table:

Important Dates for Containe Technologies Limited IPO

IPO opens on	Sep 20, 2022
IPO closes on	Sep 22, 2022
Basis of Allotment publication date	Sep 27, 2022
Credit of shares to Demat Account	Sep 29, 2022
Initiation of Refund	Sep 28, 2022
IPO listing	Sep 30, 2022

Containe Technologies IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	8000	₹120,000
Retail (Max)	1	8000	₹120,000

Containe Technologies IPO Promoter Holding

Pre Issue Share Holding	99.99%
Post Issue Share Holding	72.07%

About Containe Technologies Limited

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 Automobile Sector. Company manufacture 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.

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 Rickshaws. Company have one manufacturing unit at Marriguda, Secunderabad, Hyderabad.

Objective of Containe Technologies Limited IPO

The objective of issue are:

• To meet the working capital requirements
• To meet issue expenses
• General corporate expenses

Financial highlights

These are the financial details of Containe Technologies Limited as mentioned in its DRHP registered with SEBI in the following table:

Year	FY 2020	FY 2021	FY 2022
Total Assets in Rs. Lakh	625.5	720.73	800.4
Total Income in Rs. Lakh	292.29	60.43	206.98
Profit After Tax in Rs. Lakh	5.39	0.66	4.34

Containe Technologies Limited IPO – Noteworthy Highlights

Containe Technologies Limited IPO SWAT Analysis

Strenght

1. Company have the established track record of approx. 14 years which indicates the company’s ability to weather economic and business cycles and competent promoters have over a decade of relevant experience. This indicates our ability to maintain business viability and steer the business through operations hurdles.
2. Company having our own MIS Development Team with Multi lingual support and Database of devices installed in vehicles and daily additions are going on.
3. Through this year company build strong client relationship.
4. Business experience of 14 years in the Road Transport Domain with the installed base of more than 2.0 lakhs vehicles of commercial category of different Makes and Models.
5. Developing the technologies to match the changing generations in Automobile Technologies from BS-I Stage to BSVI Stage.
6. Company products are mandatory by law, to install in all the commercial category of vehicles, which are in-use/ on road at the time of yearly fitness, and for new vehicles at the time of manufacturing / at the time of registration.

Opportunity

1. GSR 1095(E) dated 28th Nov 2016 Fitment of AIS-140 / BIS-16833 compliant Vehicle Location Tracking Device (VLTD) is made mandatory in all Public Transport and GSR 1081(E) dated 2nd Nov 2018 Fitment of Vehicle Location Tracking Device (VLTD) is made mandatory in all National Permit Vehicle.
2. The future of this VLTD IOT Device is going to be an all-time opportunity the community of Vehicle Telematics Industry, and the fortune depends upon the capability of the Individual companies understanding the requirement and network to serve the demand.
3. Due to high prospectus development in all segments of the vehicle industry, the auto component sector is expected to rise by double digit in FY 22.
4. As the domestic and export demand picks up, the Indian automatic components sector could record a 23% increase in revenue in the next fiscal year.
5. The Indian auto components is expected to grow to US $200 billion by FY26.
6. The global move towards electric vehicles will generate new opportunity for automotive supplies.

Weakness

1. Components Lead Times: Company imports raw Materials through direct/channel sources from different counties is a staggering task and need to have a well preparedness to invest large money to manage the demand. Pricing depends on payment terms, advance booking and delivery timelines which impacts directly on manufacturing cost and profitability.
2. Availability of Raw Materials, Stocks for uninterrupted production: Market Research & Advance Planning is required to know the upcoming demand to keep the finished goods ready for dispatch against received orders, otherwise holding the Dealer Network will be difficult, Dealers may migrate to other manufacturers to run their business to sustain.

Thread

1. Implementation Postponement: MORTH releases Gazette Notifications for implementation across PAN India, whereas State Transport Department citing reasons of non-availability of Infrastructure, Manpower Resources, etc. and request for Time and Delays the Implementation, this is the major cause of delay of implementation which increases our overheads and effect the planning and profitability.
2. Bank Guarantee: Company have to provide Performance Bank Guarantee across PAN India and Block Funds towards Enlistment Process in Each of the State Transport Department.
3. Network Charges: If Containe Technologies make and keep VLT Devices ready and State Transport Department delays the implementation, we have to pay the monthly charges to keep Devices active and live otherwise, we need to change with a new e-SIM hardware, which is an extra cost should be borne by the company.
4. Dealer Demands: If Dealer demands Price reduction or more margins to promote sales or selling of others products. Containe Technologies need to change with new Dealer otherwise it will affect the Sales.
5. Transport Unions & Legal Cases: Transport Union & other lobbies will try to oppose the Department by protesting the proposal with different grounds and ask for time for implementation, if Department accommodate their grounds or otherwise go to courts get time reliefs will get time and implementation delayed.

Miscellaneous Information

Containe Technologies IPO Prospectus	Containe Technologies IPO DRHP
Company Contact Information	Containe Technologies Ltd H. No. 3-13-142/ 341P, 342, Gokul Nagar, Marriguda Mallapur, Secunderabad, Hyderabad – 500076 Phone: [email protected] Email: +91 81432 24767 Website: http://www.containe.in/
Containe Technologies IPO Registrar	Cameo Corporate Services Limited Phone: +91-44-28460390 Email: [email protected] Website: https://ipo.cameoindia.com/
Containe Technologies IPO Lead Manager(s)	FINSHORE MANAGEMENT SERVICES LIMITED