Evoq Remedies IPO vs Shigan Quantum Technologies IPO

Comparision between Evoq Remedies IPO and Shigan Quantum Technologies IPO.

IPO Details

Evoq Remedies IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Shigan Quantum Technologies IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Evoq Remedies IPO	Shigan Quantum Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Swastika Investmart Ltd	Finshore Management Services Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
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 Evoq Remedies IPO is up to ₹9.72 Cr whereas the issue size of the Shigan Quantum Technologies IPO is up to ₹22.70 Cr. The final issue price of Evoq Remedies IPO is ₹27.00 per share and of Shigan Quantum Technologies IPO is ₹50.00 per share.

	Evoq Remedies IPO	Shigan Quantum Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹27.00 per share	₹50.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	3000 shares
Fresh Issue Size	36,00,000 shares	45,39,000 shares
Fresh Issue Size (Amount)	up to ₹9.72 Cr	up to ₹22.70 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	36,00,000 shares	45,39,000 shares
Issue Size Total (Amount)	up to ₹9.72 Cr	up to ₹22.70 Cr

IPO Timetable

Evoq Remedies IPO opens on Mar 17, 2022, while Shigan Quantum Technologies IPO opens on Feb 28, 2022. The closing date of Evoq Remedies IPO and Shigan Quantum Technologies IPO is Mar 22, 2022, and Mar 03, 2022, respectively.

	Evoq Remedies IPO	Shigan Quantum Technologies IPO
Anchor Bid Date
Issue Open	Mar 17, 2022	Feb 28, 2022
Issue Close	Mar 22, 2022	Mar 03, 2022
Basis Of Allotment (Tentative)	Mar 25, 2022	Mar 08, 2022
Initiation of Refunds (Tentative)	Mar 28, 2022	Mar 09, 2022
Credit of Share (Tentative)	Mar 29, 2022	Mar 10, 2022
Listing date (Tentative)	Mar 30, 2022	Mar 11, 2022
Anchor Lockin End date 1	Apr 24, 2022	Apr 07, 2022
Anchor Lockin End date 2	Jun 23, 2022	Jun 06, 2022

Financials

Evoq Remedies IPO P/E ratio is 33.75, as compared to Shigan Quantum Technologies IPO P/E ratio of 12.41.

Evoq Remedies IPO

Shigan Quantum Technologies IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in Lakh)
	10-Feb-22	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	2660.58	804.63	565.22	214.78
Total Revenue	1056.58	1002.48	907.21	325
Profit After Tax	93.67	71.38	0.03	1.11

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

Promoter Shareholding (Pre-Issue)

99.99%

100%

Promoter Shareholding (Post-Issue)

73.53%

73.63%

P/E Ratio

33.75

12.41

Market Cap

₹36.72 Cr.

₹86.08 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Evoq Remedies IPO retail investors (RII) are offered 17,10,000 shares while in Shigan Quantum Technologies IPO retail investors are offered 17,10,000 shares. Qualified institutional buyers (QIB) are offered in Evoq Remedies IPO and in Shigan Quantum Technologies IPO.

	Evoq Remedies IPO	Shigan Quantum Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,80,000 shares	2,28,000 shares
QIB
NII	17,10,000 shares	21,54,000 shares
RII	17,10,000 shares	21,57,000 shares
Employee
Others
Total	34,20,000 shares	43,11,000 shares

Bids Received (Subscription)

Evoq Remedies IPO subscribed 1.67x in total, whereas Shigan Quantum Technologies IPO subscribed 17.95x.

	Evoq Remedies IPO	Shigan Quantum Technologies IPO
QIB (times)
NII (times)	0.30x	27.70x
Big NII (times)
Small NII (times)
RII (times)	3.03x	8.21x
Employee (times)
Other (times)
Total (times)	1.67x	17.95x

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Shigan Quantum Technologies IPO	Maruti Interior IPO

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