Recently the company, in its press release stated that they have secured approval for registration of the VLT (Vehicle Location Tracking) devices, for usage in the state of West Bengal. 

Though SME IPOs lack the huge numbers and marketing blitzkrieg of mainboard peers, they try to make it up with eye-popping returns if last one year data is anything to go by. 

On Tuesday, shares of Containe Technologies surged 5 per cent from the previous closing level of Rs 90.70, to touch the upper price band of Rs 95.20.