Shigan Quantum Technologies IPO vs SP Refractories IPO

Comparision between Shigan Quantum Technologies IPO and SP Refractories IPO.

IPO Details

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

	Shigan Quantum Technologies IPO	SP Refractories IPO
Logo		$SP Refractories IPO Logo$
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	Aryaman Financial 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 SP Refractories IPO is up to ₹4.92 Cr. The final issue price of Shigan Quantum Technologies IPO is ₹50.00 per share and of SP Refractories IPO is ₹90.00 per share.

	Shigan Quantum Technologies IPO	SP Refractories IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹50.00 per share	₹90.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	45,39,000 shares	2,97,600 shares
Fresh Issue Size (Amount)	up to ₹22.70 Cr	up to ₹2.68 Cr
OFS Issue Size		2,49,600 shares
OFS Issue Size (Amount)		up to ₹2.25 Cr
Issue Size Total	45,39,000 shares	5,47,200 shares
Issue Size Total (Amount)	up to ₹22.70 Cr	up to ₹4.92 Cr

IPO Timetable

Shigan Quantum Technologies IPO opens on Feb 28, 2022, while SP Refractories IPO opens on Mar 09, 2022. The closing date of Shigan Quantum Technologies IPO and SP Refractories IPO is Mar 03, 2022, and Mar 11, 2022, respectively.

	Shigan Quantum Technologies IPO	SP Refractories IPO
Anchor Bid Date
Issue Open	Feb 28, 2022	Mar 09, 2022
Issue Close	Mar 03, 2022	Mar 11, 2022
Basis Of Allotment (Tentative)	Mar 08, 2022	Mar 16, 2022
Initiation of Refunds (Tentative)	Mar 09, 2022	Mar 17, 2022
Credit of Share (Tentative)	Mar 10, 2022	Mar 21, 2022
Listing date (Tentative)	Mar 11, 2022	Mar 22, 2022
Anchor Lockin End date 1	Apr 07, 2022	Apr 15, 2022
Anchor Lockin End date 2	Jun 06, 2022	Jun 14, 2022

Financials

Shigan Quantum Technologies IPO P/E ratio is 12.41, as compared to SP Refractories IPO P/E ratio of 9.94.

Shigan Quantum Technologies IPO

SP Refractories 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 (₹ in Lakh)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	1,232.20	1,057.17	898.33	792.01
Total Revenue	1,447.64	2,572.48	2,099.59	1,855.95
Profit After Tax	80.74	75.35	39.93	20.59

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

73.63%

69.42%

P/E Ratio

12.41

9.94

Market Cap

₹86.08 Cr.

₹16.11 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 SP Refractories IPO retail investors are offered 21,57,000 shares. Qualified institutional buyers (QIB) are offered in Shigan Quantum Technologies IPO and in SP Refractories IPO.

	Shigan Quantum Technologies IPO	SP Refractories IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,28,000 shares	28,800 shares
QIB
NII	21,54,000 shares	2,59,200 shares
RII	21,57,000 shares	2,59,200 shares
Employee
Others
Total	43,11,000 shares	5,18,400 shares

Bids Received (Subscription)

Shigan Quantum Technologies IPO subscribed 17.95x in total, whereas SP Refractories IPO subscribed 7.24x.

	Shigan Quantum Technologies IPO	SP Refractories IPO
QIB (times)
NII (times)	27.70x	5.64x
Big NII (times)
Small NII (times)
RII (times)	8.21x	8.85x
Employee (times)
Other (times)
Total (times)	17.95x	7.24x

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