3 hrs ago

Containe Technologies Rights Issue Seeks Rs. 20.98 Crore

Containe Technologies makes devices that help vehicles control speed and track their locations.

The company is asking existing shareholders to buy more shares.

It wants to raise about Rs.

20.98 crore.

Each eligible shareholder can buy one new share for every two shares already owned.

The new shares cost Rs.

15 each.

The company plans to use most of the money for day-to-day business needs.

It will also use some funds to adjust promoter loans and pay other corporate and issue-related expenses.

The offer is scheduled to close on September 25, 2026.

Key facts

Issue size: Rs. 2,098.20 lakh, approximately Rs. 20.98 crore
Issue price: Rs. 15 per equity share with a face value of Rs. 10
Rights ratio: One new share for every two shares held
Issue period: August 31, 2026, to September 25, 2026
Use of funds: Rs. 1,255.70 lakh for working capital; Rs. 398.85 lakh for adjustment of unsecured promoter loans; Rs. 400 lakh for general corporate purposes; and Rs. 43.65 lakh for issue expenses
FY 2025-26 revenue: Rs. 2,403 lakh, compared with Rs. 1,541 lakh in FY 2024-25
FY 2025-26 profit after tax: Rs. 102 lakh, compared with Rs. 90 lakh in FY 2024-25

theprint.in · 3 hrs ago