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Shigan Quantum Technologies IPO vs Swaraj Suiting IPO

Comparison between Shigan Quantum Technologies IPO and Swaraj Suiting IPO.

IPO Details

Shigan Quantum Technologies IPO is a SME Fixed Price IPO proposed to list at NSE SME while Swaraj Suiting IPO is a SME Fixed Price proposed to list at NSE SME.

 Shigan Quantum Technologies IPOSwaraj Suiting IPO
LogoShigan Quantum Technologies IPO LogoSwaraj Suiting IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersFinshore Management Services Ltd.Finshore Management Services Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Shigan Quantum Technologies IPO is up to ₹21.56 Cr whereas the issue size of the Swaraj Suiting IPO is up to ₹10.15 Cr. The final issue price of Shigan Quantum Technologies IPO is ₹50.00 per share and of Swaraj Suiting IPO is ₹56.00 per share.

 Shigan Quantum Technologies IPOSwaraj Suiting IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹50.00 per share₹56.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares2000 shares
Fresh Issue Size43,11,000 shares18,12,000 shares
Fresh Issue Size (Amount)up to ₹21.56 Crup to ₹10.15 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total43,11,000 shares18,12,000 shares
Issue Size Total (Amount)up to ₹21.56 Crup to ₹10.15 Cr

IPO Timetable

Shigan Quantum Technologies IPO opens on Feb 28, 2022, while Swaraj Suiting IPO opens on Mar 15, 2022. The closing date of Shigan Quantum Technologies IPO and Swaraj Suiting IPO is Mar 03, 2022, and Mar 17, 2022, respectively.

 Shigan Quantum Technologies IPOSwaraj Suiting IPO
Anchor Bid Date
Issue OpenFeb 28, 2022Mar 15, 2022
Issue CloseMar 03, 2022Mar 17, 2022
Basis Of Allotment (Tentative)Mar 08, 2022Mar 23, 2022
Initiation of Refunds (Tentative)Mar 09, 2022Mar 24, 2022
Credit of Share (Tentative)Mar 10, 2022Mar 25, 2022
Listing date (Tentative)Mar 11, 2022Mar 28, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Shigan Quantum Technologies IPO P/E ratio is 12.41, as compared to Swaraj Suiting IPO P/E ratio of 10.55.

 Shigan Quantum Technologies IPOSwaraj Suiting IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
  31-Aug-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 4,679.17 4,529.57 2,473.48 2,205.65
Total Revenue 6,439.76 9,602.26 7,278.78 6,908.42
Profit After Tax 289.29 351.34 292.07 266.07
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in million)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 916.23 917.17 970.45 937.34
Total Revenue 817.19 602.16 806.53 764.17
Profit After Tax 19.10 26.75 35.43 21.86
Promoter Shareholding (Pre-Issue)10099.74
Promoter Shareholding (Post-Issue)73.6373.31
P/E Ratio12.4110.55
Market Cap₹86.08 Cr.₹40.32 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Shigan Quantum Technologies IPO Retail Individual Investors (RII) are offered 21,57,000 shares while in Swaraj Suiting IPO retail investors are offered 21,57,000 shares. Qualified Institutional Buyers (QIB) are offered in Shigan Quantum Technologies IPO and in Swaraj Suiting IPO.

 Shigan Quantum Technologies IPOSwaraj Suiting IPO
Anchor Investor Reserveration
Market Maker Reserveration2,28,000 shares96,000 shares
QIB
NII21,54,000 shares9,04,000 shares
RII21,57,000 shares9,08,000 shares
Employee
Others
Total43,11,000 shares18,12,000 shares

Bids Received (Subscription)

Shigan Quantum Technologies IPO subscribed 17.95x in total, whereas Swaraj Suiting IPO subscribed 12.13x.

 Shigan Quantum Technologies IPOSwaraj Suiting IPO
QIB (times)
NII (times)27.70x13.81x
Big NII (times)
Small NII (times)
RII (times)8.21x10.46x
Employee (times)
Other (times)
Total (times)17.95x12.13x