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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
| IPO Date | Feb 28, 2022 to Mar 3, 2022 |
| Listing Date | Mar 11, 2022 |
| Face Value | ₹10 per share |
| Price | ₹50 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 4,539,000 shares (aggregating up to ₹22.70 Cr) |
| Fresh Issue | 4,539,000 shares (aggregating up to ₹22.70 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Other Shares Offered | 2,154,000 (49.97%) |
| Retail Shares Offered | 2,157,000 (50.03%) |
| Market Maker portion | 228,000 shares |
| Total Shares Offered | 4,311,000 |
Shigan Quantum Technologies IPO opens on Feb 28, 2022, and closes on Mar 3, 2022.
| Event | Tentative Date |
|---|---|
| Opening Date | Feb 28, 2022 |
| 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 |
| Listing Date | Mar 11, 2022 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Shigan Quantum Technologies IPO lot size is 3000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| Lot Size Calculator | |||
Mr. Shishir Agrawal, Mr. Gagan Agrawal, Shigan Autotronics Private Limited, SA Shigan Trust and GA Shigan Trust are company promoters.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.63% |
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)
| Category | Subscription (times) |
|---|---|
| Other | 27.70 |
| Retail | 8.21 |
| Total | 17.95 |
| 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 | |
[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...
The net proceeds from the IPO will be utilized towards the following objectives;
| Listing Date | Mar 11, 2022 |
| BSE Script Code | |
| NSE Symbol | SHIGAN |
| ISIN | INE03KJ01013 |
| Final Issue Price | ₹50 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹50.00 |
| ₹61.00 |
| ₹58.20 |
| ₹64.05 |
| ₹64.05 |
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/
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: shigan.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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
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, Nuvama, 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.
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RHP
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How are you able to get so many lots with this much high subscribtion.please advise us.
Thanks.