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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 ₹50.00 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). The minimum lot size investment for 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 Date | February 28, 2022 to March 3, 2022 |
| Listing Date | March 11, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 45,39,000 shares (aggregating up to ₹22.70 Cr) |
| Reserved for Market Maker | 2,28,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹1.14 Cr) |
| Net Offered to Public | 43,11,000 shares (aggregating up to ₹21.56 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,26,75,900 shares |
| Share Holding Post Issue | 1,72,14,900 shares |
Shigan Quantum Technologies IPO offers total 45,39,000 shares. Out of which 21,54,000 (47.46%) allocated to NII, 21,57,000 (47.52%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,28,000 (5.02%) |
| NII (HNI) Shares Offered | 21,54,000 (47.46%) |
| Retail Shares Offered | 21,57,000 (47.52%) |
| Total Shares Offered | 45,39,000 (100.00%) |
Shigan Quantum Technologies IPO opens on February 28, 2022, and closes on March 3, 2022.
| IPO Open Date | Mon, Feb 28, 2022 |
| IPO Close Date | Thu, Mar 3, 2022 |
| Tentative Allotment | Tue, Mar 8, 2022 |
| Initiation of Refunds | Wed, Mar 9, 2022 |
| Credit of Shares to Demat | Thu, Mar 10, 2022 |
| Tentative Listing Date | Fri, Mar 11, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 3, 2022 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| 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 | |
The market capitalization of Shigan Quantum Technologies IPO is ₹86.08 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 12.41 |
The net proceeds from the IPO will be utilized towards the following objectives;
[Dilip Davda] The company is operating in an overcrowded and highly fragmented and competitive field. After posting static margins, it posted super earnings for 5MFY22 i.e. IPO years. Based on this data, the issue appears fully priced and based on FY21 earnings, it is highly-priced. There is no harm in ignoring this issue. Read detail review...
| Listing Date | March 11, 2022 |
| BSE Script Code | |
| NSE Symbol | SHIGAN |
| ISIN | INE03KJ01013 |
| Final Issue Price | ₹50 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹61.00 |
| Low | ₹58.20 |
| High | ₹64.05 |
| Last Trade | ₹64.05 |
Shigan Quantum Technologies Ltd.
Shyam Kunj, 183-A,
Sainik Farms,
Western Avenue
Delhi, New Delhi, 110062
Phone: +91-9818162569
Email: cs@shigan.net
Website: http://www.shigan-quantum.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: shigan.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Shigan Quantum Technologies IPO is a SME IPO of 45,39,000 equity shares of the face value of ₹10 aggregating up to ₹22.70 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on February 28, 2022, and closes on March 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 February 28, 2022 and closes on March 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 Thursday, March 10, 2022. Check the Shigan Quantum Technologies IPO allotment status.
The Shigan Quantum Technologies IPO listing date is on Friday, March 11, 2022.
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