Shigan Quantum Technologies Limited IPO

NSE SME

Listed On: Mar 11, 2022 at ₹ 61.0

₹ 150000 /3000 Shares

Check Allotment

IPO Details

28 Feb, 2022

Open Date

03 Mar, 2022

Close Date

08 Mar, 2022

Allotment Date

11 Mar, 2022

Listing Date

Issue Price

₹50 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

KFintech Private Limited

List Price

61.0

Listing Date

2022-03-11

Market Lot

3000 Shares (₹150,000/-)

Lead Manager

Finshore Management Services Limited

Issue Size

4,539,000 Eq Shares of ₹10 (aggregating up to ₹22.70 Cr)
#Fresh Issue: 4,539,000 Eq Shares of ₹10 (aggregating up to ₹22.70 Cr)

Retail Portion

N/A

Subscription

17.95 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	21,54,000	21,57,000	43,11,000
Day 1 - 28-02-22 06:00 PM	0.52 x	0.64 x	0.58 x
Day 2 - 02-03-22 06:00 PM	3.18 x	1.98 x	2.58 x
Day 3 - 03-03-22 06:00 PM	27.70 x	8.21 x	17.95 x

Valuations

Earnings Per Share (EPS)

₹2.04/-

P/E Ratio

24.50

RoNW

20.84%

Net Asset Value (NAV) - Post Issue

₹24.66/-

Company Financials All values are in ₹ Cr.

	30-Aug-22	31-Mar-21	31-Mar-20	31-Mar-19
Assets	46.79	45.29	24.73	22.05
Revenue	64.39	96.02	72.78	69.08
Profit After Tax	2.89	3.51	2.92	2.66

About The Company

Shigan Quantum Technologies is engaged in the business of designing, developing, manufacturing, and assembling Alternate Fuel Systems i.e. LNG, CNG, and Hydrogen Fuel Kit Systems. Since April 2020, the business has ventured into Fire Detection & Alarm systems.

It manufactures Alternate Fuel Systems for high duty & light-duty vehicles power generation equipment, industrial equipment, and off-highway applications. It exports CNG fuel systems to countries such as New Jersey, Sweden, Canada, Australia, and Italy.

- Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73.63%

Company Promoter(s)

Mr. Shishir Agrawal
Mr. Gagan Agrawal
Shigan Autotronics Private Limited
SA Shigan Trust
GA Shigan Trust

IPO - Issue Objectives

Meet working capital requirements.
To finance machinery purchase.
General corporate purposes.
Meet offer expenditures.

IPO - FAQs

Ans. Shigan Quantum Technologies Limited IPO is a SME IPO. The issue is priced at ₹50 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Feb 28, 2022, and closes on Mar 3, 2022. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Shigan Quantum Technologies Limited IPO opens on Feb 28, 2022 and closes on Mar 3, 2022.

Ans. The size of Shigan Quantum Technologies Limited IPO is 4,539,000 Eq Shares of ₹10 (aggregating up to ₹22.70 Cr) #Fresh Issue: 4,539,000 Eq Shares of ₹10 (aggregating up to ₹22.70 Cr).

Ans. The IPO price band is set between ₹50 per equity share.

Ans. To apply for Shigan Quantum Technologies Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Shigan Quantum Technologies Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Shigan Quantum Technologies Limited IPO is Mar 8, 2022.

Ans. The Shigan Quantum Technologies Limited IPO will be listed on Mar 11, 2022.

Ans. Follow the steps to check the allotment status for Shigan Quantum Technologies Limited IPO here.