Strategic Investor Dr Gauravv Mittal ITCONS Founder shows interest in Containe Technologies Ltd
IPOGMPTracker Team
2026-08-01 · 2 min read
Strategic Investor Dr Gauravv Mittal ITCONS Founder shows interest in Containe Technologies Ltd
Dr. Gauravv Mittal shows interest in investing in Containe Technologies Ltd, and applied for equity share warrants in Contain Technologies convertible to 10 lakh shares at 11.77% shareholding.
Containe Technologies Ltd is considering fundraising through the issuance of equity share warrants. Dr. Gauravv Mittal, founder and MD of ITCONS e-Solutions Ltd (ITCONS, 543806), has shown interest in investing in Containe Technologies Ltd (CONTAINE, 543606).
Containe Technologies Ltd (CTPL) is engaged in the business of Automobile Safety and global positioning system (GPS) solutions in the Automobile sector. It manufactures electronic and mechanical automotive products widely used in the four-wheeler passenger vehicles, and light and heavy commercial vehicles.
It is a publicly traded company, listed on the BSE SME segment on Sep 30, 2022. In the recent board meeting held on 5 Sep 2024, CTPL board has approved issuing and allot upto 24,50,000 (Twenty-Four Lakhs Fifty Thousands Only) equity share warrants exercisable into 1 fully paid-up equity share of face value of Rs 10 each, for Rs 86/share, each payable in cash, aggregating upto Rs. 21,07,00,000.
As a strategic investor, Dr. Gauravv Mittal, is interested to invest in the company. Dr. Gauravv Mittal is the founder and MD of ITCONS e-Solutions, an IT Staffing solutions provider company in India. The company is listed on the BSE SME exchange (ITCONS | 543806 | INE0O6A01019), and has delivered remarkable returns of 1200%+ since listing.
Dr. Mittal along with his son Adit Mittal, have applied for Containe Technologies equity share warrants, convertible into 10 lakh shares at 11.77% shareholding. Since then, the share price of the company increased from Rs 96.36 to Rs 113.
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