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Shigan Quantum Technologies IPO vs Swaraj Suiting IPO

Comparision between Shigan Quantum Technologies IPO and Swaraj Suiting IPO.

IPO Details

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

  Shigan Quantum Technologies IPO Swaraj Suiting IPO
Logo Shigan Quantum Technologies IPO Logo Swaraj Suiting IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Finshore Management Services Limited Finshore Management Services Limited
Registrar Kfin Technologies Limited Bigshare Services Pvt Ltd
Market Maker
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Shigan Quantum Technologies IPO is up to ₹22.70 Cr whereas the issue size of the Swaraj Suiting IPO is up to ₹10.68 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 IPO Swaraj 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)
Discount (Employee)
Market Lot Size 3000 shares 2000 shares
Fresh Issue Size 45,39,000 shares 19,08,000 shares
Fresh Issue Size (Amount) up to ₹22.70 Cr up to ₹10.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 45,39,000 shares 19,08,000 shares
Issue Size Total (Amount) up to ₹22.70 Cr up to ₹10.68 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 IPO Swaraj Suiting IPO
Anchor Bid Date
Issue Open Feb 28, 2022 Mar 15, 2022
Issue Close Mar 03, 2022 Mar 17, 2022
Basis Of Allotment (Tentative) Mar 08, 2022 Mar 23, 2022
Initiation of Refunds (Tentative) Mar 09, 2022 Mar 24, 2022
Credit of Share (Tentative) Mar 10, 2022 Mar 25, 2022
Listing date (Tentative) Mar 11, 2022 Mar 28, 2022
Anchor Lockin End date 1 Apr 07, 2022 Apr 22, 2022
Anchor Lockin End date 2 Jun 06, 2022 Jun 21, 2022

Financials

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 IPO Swaraj Suiting IPO
Financial
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) 100% 99.74%
Promoter Shareholding (Post-Issue) 73.63% 73.31%
P/E Ratio 12.41 10.55
Market Cap ₹86.08 Cr. ₹40.32 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Shigan Quantum Technologies IPO retail 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 IPO Swaraj Suiting IPO
Anchor Investor Reserveration
Market Maker Reserveration 2,28,000 shares 96,000 shares
QIB
NII 21,54,000 shares 9,04,000 shares
RII 21,57,000 shares 9,08,000 shares
Employee
Others
Total 43,11,000 shares 18,12,000 shares

Bids Received (Subscription)

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

  Shigan Quantum Technologies IPO Swaraj Suiting IPO
QIB (times)
NII (times) 27.70x 13.81x
Big NII (times)
Small NII (times)
RII (times) 8.21x 10.46x
Employee (times)
Other (times)
Total (times) 17.95x 12.13x

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