Shigan Quantum Technologies IPO Details

Shigan Quantum Technologies IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

GMP

About Shigan Quantum Technologies

The company is engaged in the business of designing, developing and manufacturing of varieties of Alternate Fuel Systems including CNG, LNG and Hydrogen Fuel Kit systems for OEMS and others. The company manufacture Alternate Fuel Systems for heavy duty vehicles, light duty vehicles and off- highway applications. The company was incorporated in the year 2008 with an object to manufacture alternate fuel systems in India.

Subsequently, the company have gained expertise in various products in the alternate fuel systems, especially in CNG and LNG fuel kits within automotive industry through the in-house expertise and technical assistance. Since April 2020, the company has also ventured into manufacturing of Fire Detection & Alarm System and Fire Detection & Suppression System (FDAS &FDSS).

Important Details – Shigan Quantum Technologies

DateDetails
October 20, 2008The company was originally incorporated as “Shigan Quantum Technologies Private Limited” at New Delhi as a private limited company
September 29, 2021The company was converted into Public Limited Company and the name of the company was changed to “Shigan Quantum Technologies Limited”

Objects of the Issue

To meet Working Capital requirements,
To finance the purchase of Machinery,
General Corporate Purpose,
To meet offer related expenses

Shigan Quantum Technologies Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in lakh)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 4,529.57 2,473.48 2,205.65
Total income 9,602.26 7,278.78 6,908.42
Total Expenses 9,130.34 6,885.41 6,532.41
Profit After Tax 351.34 292.07 266.07

Shigan Quantum Technologies IPO Price – Details

DescriptionSHIGAN IPO Details
Public IssueInitial Public Issue of upto 45,39,000 Equity Shares aggregating up to ₹ 2269.50 Lakhs
Issue Open  Date28-Feb-22
Issue Close Date03-Mar-22
Issue TypeFixed Price
IPO Price Band₹ 50
Face Value ₹ 10
Market Lot 3000 Equity Shares and in multiples thereof
Minimum Order Quantity 3000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE SME
NSE SymbolSHIGAN
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Shigan Quantum Technologies IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum13000₹ 1,50,000
Maximum13000₹ 1,50,000

Shigan Quantum Technologies IPO Lead Managers

  • Finshore Management Services Limited

Shigan Quantum Technologies IPO Registrar

Shigan Quantum IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on28-Feb-22
Bid / Offer Closes on03-Mar-22
Finalisation of Basis of Allotment08-Mar-22
Initiation of refunds 09-Mar-22
Credit of the Equity Shares10-Mar-22
Listing Date11-Mar-22

Company Peers – Comparison of Accounting Ratios

The company does not have any listed peers which are comparable in terms of business.

Company Corporate Office

Shyam Kunj, 183-A, Sainik Farms,
Western Avenue,
New Delhi-110062

Company Registered Office

Hall No. 2, 3, 6, 7 & 8,
Ground floor and First floor,
Shyam Udyog Parisar,
Khasra No. 25/1,
15/3/2 Alier Bhangrola Road,
IMT Manesar,
Gurgaon – 122505, Haryana
Website: www.shigan-quantum.com

Company Promoters

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

Shigan Quantum Technologies IPO – FAQS

What is the Shigan Quantum Technologies IPO Price?

The Shigan Quantum Technologies IPO price band is 50 per share

When Shigan Quantum Technologies IPO will open?

The Shigan Quantum Technologies IPO opens on Feb 28, 2022 and closes on Mar 03, 2022

What is the lot size of Shigan Quantum Technologies IPO?

The Shigan Quantum Technologies IPO lot size is 3000 Equity Shares and the minimum order quantity is 3000 Equity Shares

Who is the Registrar for Shigan Quantum Technologies IPO?

The Registrar for Shigan Quantum Technologies IPO is KFin Technologies Private Limited

How to apply in Shigan Quantum Technologies IPO through UPI?

Check the step by step process here – Click here

How to apply in Shigan Quantum Technologies IPO through Zerodha?

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