Shigan Quantum Technologies Limited IPO (Shigan Quantum Technologies IPO) Detail

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

  • Highly experienced managerial team.
  • Standard quality standards and assurance.
  • Export to overseas countries i.e. Australia, Sweden, Canada, etc.
  • A strong relationship with suppliers.

Company Promoters:

Mr. Shishir Agrawal, Mr. Gagan Agrawal, Shigan Autotronics Private Limited, SA Shigan Trust and GA Shigan Trust are company promoters.

Company Financials:

ParticularsFor the year/period ended (₹ in Lakh)
Total Assets4,679.174,529.572,473.482,205.65
Total Revenue6,439.769,602.267,278.786,908.42
Profit After Tax289.29351.34292.07266.07

Objects of the Issue:

The net proceeds from the IPO will be utilized towards the following objectives;

  • Meet working capital requirements.
  • To finance machinery purchase.
  • General corporate purposes.
  • Meet offer expenditures.

Shigan Quantum Technologies IPO Details

IPO Opening DateFeb 28, 2022
IPO Closing DateMar 3, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹50 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME
Issue Size4,539,000 Eq Shares of ₹10
(aggregating up to ₹22.70 Cr)
Fresh Issue4,539,000 Eq Shares of ₹10
(aggregating up to ₹22.70 Cr)

Shigan Quantum Technologies IPO Tentative Timetable

The Shigan Quantum Technologies IPO open date is Feb 28, 2022, and the close date is Mar 3, 2022. The issue may list on Mar 11, 2022.

IPO Open DateFeb 28, 2022
IPO Close DateMar 3, 2022
Basis of Allotment DateMar 8, 2022
Initiation of RefundsMar 9, 2022
Credit of Shares to Demat AccountMar 10, 2022
IPO Listing DateMar 11, 2022

Shigan Quantum Technologies IPO Lot Size

The Shigan Quantum Technologies IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150,000).

ApplicationLotsSharesAmount (Cut-off)

Shigan Quantum Technologies IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.63%

3rd Party IPO Application

SBI Bank, Axis Bank, Bank of Baroda (BoB), RBL Bank and IndusInd Bank. Know more…

Shigan Quantum Technologies IPO Review

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.

Shigan Quantum Technologies IPO Subscription Status (Bidding Detail)

The Shigan Quantum Technologies IPO is subscribed 0.00 times on Feb 28, 2022 10:22:00 AM. The public issue subscribed 0.01 times in the retail category, times in the QIB category, and 0.00 times in the NII category.

Company Contact Information

Shigan Quantum Technologies Limited
Shyam Kunj, 183-A, Sainik Farms,
Western Avenue, New Delhi-110062

Phone: +91-9818162569

Shigan Quantum Technologies IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000

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