Shigan Quantum Technologies Limited IPOReview
Shigan Quantum Technologies is a company that designs, develops, manufactures, and assembles Alternate Fuel Systems such as LNG, CNG, and Hydrogen Fuel Kit Systems. Since April 2020, the company has expanded into Fire Detection and Alarm systems.
The firm manufactures Alternate Fuel Systems for heavy-duty, light-duty, and off-highway vehicles. Since April 2020, the firm has also begun producing Fire Detection & Alarm System and Fire Detection & Suppression System (FDAS & FDSS).
The business intends to localise the components of Euro-VI CNG kits in India, which will assist to lower the overall system cost. It sources raw materials from Singapore, the United States, Chicago, Mexico, Switzerland, China, Hong Kong, the United Arab Emirates, Italy, France, and other nations. Shigan Quantum also obtains raw materials from domestic vendors in Pune and Gurugram. It sells CNG fuel systems in places including New Jersey, Sweden, Canada, Australia, and Italy.
| Subscription Dates | 28 February – 3 March 2022 |
| Price Band | INR50 per share |
| Fresh issue | 45,39,000 shares (INR22.7 crore) |
| Offer For Sale | Nil |
| Total IPO size | 45,39,000 shares (INR22.7 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
| FY2019 | FY2020 |
Revenue | 69.08 | 72.79 |
Expenses | 65.32 | 68.85 |
Net income | 2.66 | 2.92 |
| FY2021 | 5M FY2022 |
Revenue | 96.02 | 64.40 |
Expenses | 91.30 | 60.52 |
Net income | 3.51 | 2.89 |
Earnings Per Share (EPS): INR2.77
Pre-IPO Price/Earnings (PE ratio): 18.04
Return on Net Worth (RONW): 20.84%
Net Asset Value (NAV): INR66.49 per share
Listing Performance of Shigan Quantum Technologies Limited IPO
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IPO Open Date | Feb 28, 2022 |
IPO Close Date | Mar 3, 2022 |
Basis of Allotment Date | Mar 8, 2022 |
Initiation of Refunds | Mar 9, 2022 |
Credit of Shares to Demat Account | Mar 10, 2022 |
IPO Listing Date | Mar 11, 2022 |
Shigan Quantum Technologies Limited
Hall No. 2, 3, 6, 7 & 8,
Ground floor and First floor,
Shyam Udyog Parisar,
Khasra No. 25/1, 15/3/2 Alier Bhangrola Road,
IMT Manesar, Gurgaon – 122505
Phone: +91 9818162569
Email: cs@shigan.net
Website: www.shigan-quantum.com
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: shigan.ipo@kfintech.com
Website: www.kfintech.com
Shigan Quantum Technologies Limited IPO FAQ's
The Shigan Quantum Technologies Limited IPO is a NSE SME IPO of ₹50 per equity share with a face value of 10 per equity share.
The issue size is priced at ₹50 equity shares of ₹4,539,000 Eq Shares of ₹10 (aggregating up to ₹22.70 Cr). The fresh issue size priced at [.] equity shares of 4,539,000 Eq Shares of ₹10 (aggregating up to ₹22.70 Cr).
The initial public offering (IPO) begins on Feb 28, 2022 and ends on March 3, 2022.
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE and SME.
The Shigan Quantum Technologies Limited IPO opens on Feb 28, 2022 and closes on March 3, 2022. The IPO Issue date may list on March 11, 2022.
Shigan Quantum Technologies Limited IPO Market lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
The finalisation of Basis of Allotment for Shigan Quantum Technologies Limited IPO will be done on Mar 8, 2022. and the allotted shares will be credited to your demat account by Mar 10, 2022. Check the Shigan Quantum Technologies Limited IPO status.
The Shigan Quantum Technologies Limited IPO listing date is on March 11, 2022.
Shigan Quantum Technologies Limited IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
Shigan Quantum Technologies Limited IPO Comments
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