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Shigan Quantum Technologies Limited IPO (Shigan Quantum Technologies IPO) Detail

Feb 28, 2022 - Mar 3, 2022

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

  • Highly experienced managerial team.
  • Standard quality standards and assurance.
  • Export to overseas countries i.e. Australia, Sweden, Canada, etc.
  • A strong relationship with suppliers.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (β‚Ή in Lakh)
Β  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

Objects of the Issue

The net proceeds from the IPO will be utilized towards the following objectives;

  • Meet working capital requirements.
  • To finance machinery purchase.
  • General corporate purposes.
  • Meet offer expenditures.

Shigan Quantum Technologies IPO Details

Shigan Quantum Technologies IPO Date Feb 28, 2022 to Mar 3, 2022
Shigan Quantum Technologies IPO Face Value ₹10 per share
Shigan Quantum Technologies IPO Price ₹50 per share
Shigan Quantum Technologies IPO Lot Size 3000 Shares
Issue Size4,539,000 shares of ₹10
(aggregating up to ₹22.70 Cr)
Fresh Issue4,539,000 shares of ₹10
(aggregating up to ₹22.70 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

Mr. Shishir Agrawal, Mr. Gagan Agrawal, Shigan Autotronics Private Limited, SA Shigan Trust and GA Shigan Trust are company promoters.

Shigan Quantum Technologies IPO Timeline (Tentative Timetable)

Shigan Quantum Technologies IPO opens on Feb 28, 2022, and closes on Mar 3, 2022. The Shigan Quantum Technologies IPO bid date is from Feb 28, 2022 10.00 A.M. to Mar 3, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Shigan Quantum Technologies IPO Opening Date Feb 28, 2022
Shigan Quantum Technologies IPO Closing Date Mar 3, 2022
Basis of Allotment Mar 8, 2022
Initiation of Refunds Mar 9, 2022
Credit of Shares to Demat Mar 10, 2022
Shigan Quantum Technologies IPO Listing Date Mar 11, 2022

Shigan Quantum Technologies IPO Lot Size

The Shigan Quantum Technologies IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150,000).

Application Lots Shares Amount
Minimum 1 3000 ₹150,000
Maximum 1 3000 ₹150,000

Shigan Quantum Technologies IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.63%

Shigan Quantum Technologies IPO Review

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...


Shigan Quantum Technologies IPO Subscription Status (Bidding Detail)

The Shigan Quantum Technologies IPO is subscribed 17.95 times on Mar 3, 2022 5:00:00 PM. The public issue subscribed 8.21 times in the retail category, times in the QIB category, and 27.70 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII27.70
Retail8.21
Total17.95

Shigan Quantum Technologies IPO Prospectus

Shigan Quantum Technologies IPO Rating

287
4.0
Rating:Rated 4.0 stars
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Shigan Quantum Technologies IPO Listing Date

Listing Date Friday, March 11, 2022
BSE Script Code
NSE Symbol SHIGAN
Listing In ST Group of Securities
ISIN INE03KJ01013
IPO Price ₹50 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹50.00
Open: ₹61.00
Low: ₹58.20
High: ₹64.05
Last Trade: ₹64.05

Company Contact Information

Shigan Quantum Technologies Limited
Shyam Kunj, 183-A, Sainik Farms,
Western Avenue, New Delhi-110062

Phone: +91-9818162569
Email: cs@shigan.net
Website: http://www.shigan-quantum.com/

Shigan Quantum Technologies IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: shigan.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Shigan Quantum Technologies IPO Review

Shigan Quantum Technologies IPO Recommendation Summary

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Members 0 0 0

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Shigan Quantum Technologies IPO FAQs

Shigan Quantum Technologies IPO is a SME IPO of 4,539,000 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 Shares.

The IPO opens on Feb 28, 2022, and closes on Mar 3, 2022.

KFin Technologies Limited 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Shigan Quantum Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Shigan Quantum Technologies IPO opens on Feb 28, 2022 and closes on Mar 3, 2022.

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

You can apply in Shigan Quantum Technologies IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Shigan Quantum Technologies IPO will be done on Mar 8, 2022, and the allotted shares will be credited to your demat account by Mar 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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Shigan Quantum Technologies IPO Message Board

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322 Comments

120. MV. |   Link |Mar 23, 2022 4:12:24 PM
Hello Sir,

How are you able to get so many lots with this much high subscribtion.please advise us.

Thanks.
120.1. MRavichandran |   Link |Mar 25, 2022 11:52:08 PM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@MV,
I assumed the question was asked to me, hence answering. Simple, I applied in HNI with big lots and able to get as per HNI subscriptions.

Kindly read HNI allotment rules in Chittorgrah itself (please READ messages to learn more from the posts in the forum, also from @lokes - regarding this HNI allotment criteria)

Thanks
119. VishalD |   Link |Mar 25, 2022 7:28:04 PM
SOld on first day ..@64 .. Now its 90
118. JAI MATA DI |   Link |Mar 25, 2022 12:31:59 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Sold today 85.95 . Today it hit UC and LC both. So take dicison and sold. Not patience as @ M.RAVI
118.1. IpoRetailer |   Link |Mar 25, 2022 9:08:59 AM
Same for me, the fluctuations caused me to sell it yesterday. Happy with the realised gain. πŸ™‚πŸ™‚
118.2. MRavichandran |   Link |Mar 25, 2022 2:12:50 PM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@JAI MATA DI, @IpoRetailer,
Could be a good decision.

to those holding:
for me, I am holding all. I am confident with the volume being traded and its good it stabilizes at 85- 90 level before raise again.

Thanks
117. Aakash Patil |   Link |Mar 24, 2022 11:52:51 AM
Anyone Made money on the same day of listing?
116. Kundan Mishra |   Link |Mar 15, 2022 10:58:02 PM
@c.dinesh sir,

Holding or sold?
If holding, till what levels would you hold?
Appx till what date will the ST-SM will take place?
Hope this UC continues long.
Expecting to reach atleast 2X.
116.4. AAA JAI |   Link |Mar 16, 2022 3:17:38 PM
@kundan @dinesh
I exited Shigan today with last 1 lot today at 71/-.
116.5. Kundan Mishra |   Link |Mar 16, 2022 4:10:35 PM
@c.dinesh sir - Completely agree. There is no guaranteed X returns. But, this time going by self analysis. Backed by mravi sirs X factor & hold till next results, strategy. Fingers crossed.

@AAA JAI - Great. Many many Congratulations.
115. IpoRetailer |   Link |Mar 16, 2022 2:54:46 PM
1st LC today, hope its just a hiccup in the upward trend.
Holding for long term. @Experts, please advise if its a good decision.
114. Kundan Mishra |   Link |Mar 16, 2022 1:41:36 PM
@MRavi Sir,

Did you Sell/Accumulate today?
What will be your strategy?
Will you hold for 2X / 3X or exit and re-enter?
114.1. MRavichandran |   Link |Mar 21, 2022 4:54:17 PM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@Kundan Mishra,
I am holding all 13 lots. Not intended to sell. (I think that it will give 100% returns in short term). After next quarter results, I may review this to hold or sell (thats my strategy now)

Thanks
113. vgoel |   Link |Mar 14, 2022 9:33:19 AM
If we assume no NII has sold their allotment shares, almost all retail investors have sold their shares.
112. Kundan Mishra |   Link |Mar 12, 2022 8:31:50 PM
Ek Samasya ho gai, kindly suggest.
I got the allotment of Shigan.
Applied through UPI.
Shares Credited to my Zerodha Account.
1.5 Lakhs still lying in Lien of SBI.
My Phonepe says "Payment Failed- You've reached the UPI payment limit set by your bank."

What should I do?
112.1. Kundan Mishra |   Link |Mar 12, 2022 10:20:25 PM
I discovered the problem.
SBI limit for UPI is 1lakh.
Don't know how, the amount of 1.5lakh got accepted in lien from phonepe.
It is still in lien.
I will visit SBI home branch and try to find out a way, if they can approve the transaction.

Any one having any idea, if they know, how to go about it?
112.2. Kundan Mishra |   Link |Mar 15, 2022 10:46:48 PM
My problem is resolved.
Debit happened today.
Officially feel that I have been allotted shares today.
111. MRavichandran |   Link |Mar 8, 2022 12:55:04 PM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
13 Lots allotted against 282 lots.

Thanks
111.22. MRavichandran |   Link |Mar 11, 2022 4:15:23 PM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@Lokes,
Yes, 'kotyark industries' was an error of judgment from me. I feel sorry for you for your bad luck missing these 2 multi baggers after allotments.

I have added some more DMR, Precision recently and I have a strong opinion that the SME holding you have all are very good (I am holding them heavily) - DMR, precision/maruti/ab cotspin and shigan - Atleast 2-3 will become multi baggers. Kindly, follow them closely up to next results, lets share if any good or bad news.

Thanks
111.23. lokes |   Link |Mar 11, 2022 4:27:25 PM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
yes sir...i will hold these for some months now to decide later....will try to track news/results etc....
bombay metrics i didn't even added back when it was available at lesser price than my sell price, that was my mistake even after knowing company is good....
DMR i sold once and bought at lower levels again, same way ab cotspin i sold once and bought around same levels again....maruti i bought in preopen at 68.5....
lets hope for this shigan to continue UC till 80-85 around atleast since it has good strong pending orders today at closing.
110. abp invesc |   Link |Mar 11, 2022 3:50:11 PM
what an excellent year it has been for small investor like me. made good returns on clara industries, nupur recyclers, promax power, DU digital, Bew engineering, Vaidya Sane ayurved & Shigan.
110.1. lokes |   Link |Mar 11, 2022 3:54:55 PM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
Congrats for your allotments and profits..... :)
110.2. Kundan Mishra |   Link |Mar 16, 2022 7:15:36 PM
@ abp invesc - Holding/Sold/Accumulated?
109. Bhav |   Link |Mar 11, 2022 1:45:52 PM
Top Contributor Top Contributor (200+ Posts)
sold 2 lots @61,
happy with profit
108. abp invesc |   Link |Mar 11, 2022 1:01:35 PM
I have sold my shares today got decently good return.
107. IPOANALYSIS |   Link |Mar 11, 2022 12:24:48 PM
Expect it to cross 200 .one of the best SME with all qualities of being a multibagger
106. Aakash Patil |   Link |Mar 11, 2022 11:43:36 AM
Respected experts
If I got allotment of this ipo would I be able to sell it on listed day,
If I got do it has buyers
106.1. GJ πŸ˜€ |   Link |Mar 11, 2022 11:46:39 AM
IPO Mentor IPO Mentor (800+ Posts, 200+ Likes)
@Aakash,
Listing is already done today only as mentioned on this page.
"IPO Listing Date      Mar 11, 2022"

It has so many buyers if you want to sell.
105. lokes |   Link |Mar 11, 2022 10:15:20 AM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
@Admin @team chittorgarh: message posting time is showing 1 hour gap again like it happened before once, may be that daylight saving things again.
Please check and fix this.
104. lokes |   Link |Mar 11, 2022 10:13:57 AM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
Listing was good and at around expected prices. I was allotted 1 lot from my 20 lots application and still holding it. Was busy in work so couldn't post messages frequently these days.

103. Kundan Mishra |   Link |Mar 11, 2022 9:06:42 AM
Trading Qty is locked in lots of 3000. When will it be available in small qty?
103.4. c.dinesh |   Link |Mar 11, 2022 9:44:05 AM
All SME Ipos will be listed in T2T segment with Circuit limit of 5 % . This 5 % will be removed from the script after 10 days . The name of the script will also change from SHIGAN-ST to SHIGAN-SM .
103.5. Kundan Mishra |   Link |Mar 11, 2022 9:52:34 AM
Ty again for the info.
102. Neeraj Kumar |   Link |Mar 11, 2022 9:48:37 AM
18L out of 45L issued shares traded today. Will be continuous UC it seems
101. Sagsa |   Link |Mar 11, 2022 9:14:17 AM
When I sell my shihan quantity in angle
Is show error that - order quantity exceed total portfolio quantity

What is that means
How resolve this?
101.1. GJ πŸ˜€ |   Link |Mar 11, 2022 9:34:49 AM
IPO Mentor IPO Mentor (800+ Posts, 200+ Likes)
Probably, you are trying to sell more than you hold in your portfolio.