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Shigan Quantum Technologies IPO is a fixed price issue of Rs 22.70 crores. The issue is entirely a fresh issue of 45.39 lakh shares.
Shigan Quantum Technologies IPO bidding started from February 28, 2022 and ended on March 3, 2022. The allotment for Shigan Quantum Technologies IPO was finalized on Tuesday, March 8, 2022. The shares got listed on NSE SME on March 11, 2022.
Shigan Quantum Technologies IPO price is ₹50 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹150,000.
Finshore Management Services Limited is the book running lead manager of the Shigan Quantum Technologies IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Shigan Quantum Technologies IPO RHP for detailed information.
| IPO Date | February 28, 2022 to March 3, 2022 |
| Listing Date | March 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 |
| Share holding pre issue | 12,675,900 |
| Share holding post issue | 17,214,900 |
| Market Maker portion | 228,000 shares |
Shigan Quantum Technologies IPO offers 4,539,000 shares. 2,154,000 (47.46%) to NII, 2,157,000 (47.52%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 228,000 (5.02%) |
| Other Shares Offered | 2,154,000 (47.46%) |
| Retail Shares Offered | 2,157,000 (47.52%) |
| Total Shares Offered | 4,539,000 (100%) |
Shigan Quantum Technologies IPO opens on February 28, 2022, and closes on March 3, 2022.
| IPO Open Date | Monday, February 28, 2022 |
| IPO Close Date | Thursday, March 3, 2022 |
| Basis of Allotment | Tuesday, March 8, 2022 |
| Initiation of Refunds | Wednesday, March 9, 2022 |
| Credit of Shares to Demat | Thursday, March 10, 2022 |
| Listing Date | Friday, March 11, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 3, 2022 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.63% |
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
| 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 | |
The market capitalization of Shigan Quantum Technologies IPO is Rs 86.08 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 12.41 |
The net proceeds from the IPO will be utilized towards the following objectives;
[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 Shigan Quantum Technologies IPO is subscribed 17.95 times on March 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 |
| Listing Date | March 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://kosmic.kfintech.com/ipostatus/
SME Company Owners
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Check our SME IPO Guide 
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 February 28, 2022, and closes on March 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 February 28, 2022 and closes on March 3, 2022.
Shigan Quantum Technologies IPO lot size is 3000 Shares, and the minimum amount required is ₹150,000.
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 Tuesday, March 8, 2022, and the allotted shares will be credited to your demat account by Thursday, March 10, 2022. Check the Shigan Quantum Technologies IPO allotment status.
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How are you able to get so many lots with this much high subscribtion.please advise us.
Thanks.