Fixed Price IPO | ₹23 Cr | Listed at NSE SME | Mon, Feb 28, 2022 - Thu, Mar 3, 2022
Shigan Quantum Technologies IPO is a fixed price issue of ₹22.70 crores. The issue is entirely a fresh issue of 0.45 crore shares of ₹22.70 crore.
Shigan Quantum Technologies IPO bidding started from Feb 28, 2022 and ended on Mar 3, 2022. The allotment for Shigan Quantum Technologies IPO was finalized on Mar 8, 2022. The shares got listed on NSE SME on Mar 11, 2022.
Shigan Quantum Technologies IPO price is ₹50 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹3,00,000.
Finshore Management Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Shigan Quantum Technologies IPO RHP for detailed Information.
IPO Open
Mon, Feb 28, 2022
IPO Close
Thu, Mar 3, 2022
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹86.08 Cr
| IPO Date | 28 Feb to 3 Mar, 2022 |
| Listed on | Fri, Mar 11, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 45,39,000 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 2,28,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 43,11,000 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 43,11,000 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 1,26,75,900 shares |
| Share Holding Post Issue | 1,72,14,900 shares |
| NSE Symbol | SHIGAN |
| ISIN | INE03KJ01013 |
Shigan Quantum Technologies IPO comprises a total issue size of 45,39,000 shares. The net offer to the public is 43,11,000 shares, after excluding 2,28,000 shares allotted on a firm basis. Of the Net offer 21,54,000 (49.97%) allocated to NII 21,57,000 (50.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 21,54,000 | 49.97% | 47.46% |
| Retail Shares Offered | 21,57,000 | 50.03% | 47.52% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,28,000 | 5.02% | |
| Total Shares Offered | 45,39,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
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.
Competitive strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 16.81 |
| 2 | To finance the purchase of Machinery | 3.95 |
| 3 | General Corporate Purpose | 1.00 |
| KPI | |
|---|---|
| Debt/Equity | 0.09 |
| RoNW | 20.84% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.77 | |
| P/E (x) | 12.41 | |
| Promoter Holding | 100% | 73.63% |
| Market Cap | ₹86.08 Cr. |
The Shigan Quantum Technologies IPO is subscribed 17.95 times on March 3, 2022 5:00:00 PM (Day 3). The public issue subscribed 8.21 times in the retail category, [.] times in the QIB category, and 27.7 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 27.7 | 21,54,000 | 5,96,73,000 |
| Retail | 8.21 | 21,57,000 | 1,77,12,000 |
| Total | 17.95 | 43,11,000 | 7,73,85,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.10 |
| 2 | Fees Payable to Registrar to the Offer | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.03 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.04 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.04 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Underwriting fees and Miscellaneous Expenses) | 0.70 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹61.00 |
| Low | ₹58.20 |
| High | ₹64.05 |
| Last Trade | ₹64.05 |
Lead Manager Reports
Shigan Quantum Technologies IPO is a SME IPO of 45,39,000 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Feb 28, 2022, and closes on Thu, Mar 3, 2022.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shigan Quantum Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Shigan Quantum Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shigan Quantum Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shigan Quantum Technologies IPO opens on Mon, Feb 28, 2022 and closes on Thu, Mar 3, 2022.
Shigan Quantum Technologies IPO lot size is 3000, and the minimum amount required for application is ₹1,50,000.
You can apply in Shigan Quantum Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shigan Quantum Technologies IPO will be done on Tuesday, March 8, 2022, and the allotted shares will be credited to your demat account by Thu, Mar 10, 2022. Check the Shigan Quantum Technologies IPO allotment status.
The Shigan Quantum Technologies IPO listing date is on Fri, Mar 11, 2022.
