Shigan Quantum Technologies Limited IPO
NSE SME₹150,000 / 3000 Shares
Shigan Quantum Technologies Limited IPO Details
The Shigan Quantum Technologies Limited IPO price band is set between ₹50 per equity share, with a face value of ₹10 per share. The issue is managed by KFintech Private Limited, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 28 Feb, 2022 and closes on 3 Mar, 2022. Investors can check the allotment status on 8 Mar, 2022, while the listing date is tentatively scheduled for 11 Mar, 2022.
The total issue size is 4,539,000 Eq Shares of ₹10 , aggregating up to ₹22.70 Cr. Stay tuned for the latest Shigan Quantum Technologies Limited IPO review and GMP updates.
Shigan Quantum Technologies Limited IPO Review, Rating & Analysis
Shigan Quantum Technologies Limited IPO Review
NO REVIEWShigan Quantum Technologies Limited IPO Rating
Shigan Quantum Technologies Limited IPO Highlights
IPO Date
Feb 28, 2022 - Mar 3, 2022
Listing Date
11 Mar, 2022
Face Value
₹10 Per Equity Share
Price Band
₹50 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Shigan Quantum Technologies Limited IPO Lot Size
The minimum market lot for Shigan Quantum Technologies Limited IPO is 3000 shares with an application amount of ₹1,50,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,50,000 |
| Retail (Max) | 1 | 3000 | ₹1,50,000 |
| S-HNI (Min) | 2 | 6000 | ₹3,00,000 |
| S-HNI (Max) | 6 | 18000 | ₹9,00,000 |
| B-HNI (Min) | 7 | 21000 | ₹10,50,000 |
Shigan Quantum Technologies Limited IPO Timeline
Issue Price
₹50 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
KFintech Private LimitedLead Manager
Finshore Management Services LimitedIssue Size
4,539,000 Eq Shares of ₹10 (aggregating up to ₹22.70 Cr)#Fresh Issue: 4,539,000 Eq Shares of ₹10 (aggregating up to ₹22.70 Cr)Shigan Quantum Technologies Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Aug 22 | 46.79 | 64.39 | 2.89 | - | - | - |
| 31 Mar 21 | 45.29 | 96.02 | 3.51 | - | - | - |
| 31 Mar 20 | 24.73 | 72.78 | 2.92 | - | - | - |
| 31 Mar 19 | 22.05 | 69.08 | 2.66 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Shishir Agrawal
- Mr. Gagan Agrawal
- Shigan Autotronics Private Limited
- SA Shigan Trust
- GA Shigan Trust
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 73.63% |
About Company
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.
Shigan Quantum Technologies Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 21,54,000 | 21,57,000 | 43,11,000 |
Day 1 -28-02-22 06:00 PM | 0.52 x | 0.64 x | 0.58 x |
Day 2 -02-03-22 06:00 PM | 3.18 x | 1.98 x | 2.58 x |
Day 3 -03-03-22 06:00 PM | 27.70 x | 8.21 x | 17.95 x |
Frequently Asked Questions about Shigan Quantum Technologies Limited IPO IPO
When will Shigan Quantum Technologies Limited IPO open for subscription?
The Shigan Quantum Technologies Limited IPO opens on 28 Feb, 2022 and closes on 3 Mar, 2022.
What is the investors portion for Shigan Quantum Technologies Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 2157000.
How to apply for Shigan Quantum Technologies Limited IPO?
You can apply for Shigan Quantum Technologies Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Shigan Quantum Technologies Limited IPO?
The issue size of Shigan Quantum Technologies Limited IPO is approx ₹4,539,000 Eq Shares of ₹10 (aggregating up to ₹22.70 Cr)#Fresh Issue: 4,539,000 Eq Shares of ₹10 (aggregating up to ₹22.70 Cr) crores.
What is the price band of Shigan Quantum Technologies Limited IPO?
The price band for Shigan Quantum Technologies Limited IPO is ₹50 per equity share to ₹undefined.
What is the lot size of Shigan Quantum Technologies Limited IPO?
The minimum bid (lot size) for Shigan Quantum Technologies Limited IPO is N/A shares with an investment of approx ₹150,000 .
What is the allotment date of Shigan Quantum Technologies Limited IPO?
The allotment date for Shigan Quantum Technologies Limited IPO is 8 Mar, 2022.
What is the listing date of Shigan Quantum Technologies Limited IPO?
The listing date for Shigan Quantum Technologies Limited IPO is expected to be 11 Mar, 2022.
What is the GMP of Shigan Quantum Technologies Limited IPO?
The latest Grey Market Premium (GMP) for Shigan Quantum Technologies Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.