Shigan Quantum Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 24, 2022Let’s have a detailed review of the company and analytics of the Shigan Quantum Technologies IPO release date, IPO offer price, subscription, Shigan Quantum Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 50 |
| Listing At | NSE Emerge |
| Min. Order Quantity | 3000 Shares |
| Listing Date | Mar 11, 2022 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 2270 Lakh |
| IPO Size | Rs 2270 Lakh |
| Tick Size | 1 |
Shigan Quantum Technologies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Shigan Quantum Technologies IPO – Summary
Their Company is engaged in the business of designing, developing, and manufacturing of varieties of Alternate Fuel Systems including CNG, LNG, and Hydrogen Fuel Kit systems for OEMS and others. They manufacture Alternate Fuel Systems for heavy duty vehicles, light duty vehicles, and off-highway applications.
Their company was incorporated in the year 2008 with an object to manufacture alternate fuel systems in India. Subsequently, they have gained expertise in various products in the alternate fuel systems, especially in CNG and LNG fuel kits within the automotive industry through their in-house expertise and technical assistance. They have also developed a fire detection & alarm system along with a fire detection & suppression system.
The Promoter of this company is Mr. Shishir Agrawal, Mr. Gagan Agrawal, Shigan Autotronics Pvt. Ltd., SA Shigan Trust, and GA Shigan Trust. The lead manager to the issue is ONEVIEW CORPORATE ADVISORS PROVATE LIMITED, and the Registrar to this issue is KFIN TECHNOLOGIES PRIVATE LIMITED.
Shigan Quantum Technologies IPO Date
The opening and the closing date of Shigan Quantum Technologies IPO are Feb 28, 2022 and Mar 3, 2022 Respectively.
Shigan Quantum Technologies IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 28th Feb | 0.52x | 0.64x | 0.58x |
| 2nd Day – 2nd March | 3.18x | 1.98x | 2.58x |
| 3rd Day – 3rd March | 27.70x | 8.21x | 17.95x |
| Shares Offered or Net Issue | 2,154,000 | 2,157,000 | 4,311,000 |
The shares subscribed by the public will be updated here.
Check Shigan Quantum Technologies IPO LIVE Subscription
- Shigan Quantum Technologies IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Shigan Quantum Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Shigan Quantum Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Mar 8, 2022 |
| Refunds Initiation | Mar 9, 2022 |
| Credit of Shares to Demat Account | Mar 10, 2022 |
| Share Listing Date | Mar 11, 2022 |
Shigan Quantum Technologies IPO Price
The face value of each share is Rs.10, but the price band of the IPO is Rs 50
Shigan Quantum Technologies IPO Size
This Initial Public Issue of 45,39,000 Equity Shares of Rs.10 each for cash at a price of Rs.50 per equity share aggregating to Rs.2269.50 Lakh.
Shigan Quantum Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 4,539,000 Equity Shares of Rs.10/ each.
Issue Size:4,539,000 Equity Shares of Rs.10 each, aggregating to Rs.2,269.50 Lakh
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Shigan Quantum Technologies IPO – Live Performance
The listing date of this IPO is Mar 11, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Shigan Quantum Technologies Share Price |
Shigan Quantum IPO Grey Market Premium
The Shigan Quantum Technologies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Shigan Quantum Technologies IPO – Company Overview
They source their critical technologies from MNC companies with whom they have long-term technology user agreements or manufacturing licenses. They have entered into technology agreements with companies for developing exclusive products customized to their requirements.
Shigan Quantum Technologies have got exclusive manufacturing rights in India for these products after their development. With a change in technologies, they have the plan to acquire the Foreign Suppliers‘ expertise through Joint Venture or by outright purchase of their technologies and localize production of Gaseous Fuel Injection Technology systems.
Such Gaseous Fuel Injection Technology systems will enable the Company to manufacture products that will meet the upcoming Emission norms thereby enhancing the performance of the vehicle.
They are engaged in designing, optimizing, manufacturing, assembling, testing and kit integration of alternate fuel systems/kits for heavy/light-duty commercial vehicles and buses, power generation equipment, and industrial equipment viz. forklifts, etc. They aim to localize the components of Euro-VI CNG kits in India, which will help to reduce the cost of the total system.
Shigan Quantum Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Jun-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 5,161.85 | 4,529.58 | 2,473.48 | 2,205.65 |
| *Total Revenue | 3,313.21 | 9,602.26 | 7,278.79 | 6,908.42 |
| Total Expense | 3,127.03 | 9,130.34 | 6,885.43 | 6,532.41 |
| Profit After Tax | 138.96 | 351.34 | 292.07 | 266.07 |
Earnings per Equity Share (in Lakh)
| 30-Jun-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 5.48 | 13.86 | 11.85 | 13.30 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 351.34 Lakh, Rs. 292.07 Lakh, and Rs. 266.07 Lakh respectively.
Shigan Quantum Technologies IPO – Promoters
The Promoter of this company is:
- Mr. Shishir Agrawal,
- Mr. Gagan Agrawal,
- Shigan Autotronics Pvt. Ltd.,
- SA Shigan Trust
- GA Shigan Trust
List of Related Parties (Key Managerial Personnel)
- Shishir Agrawal, Managing Director
- Gagan Agrawal, Joint Managing Director
- Vijay Lal Toshavda, Independent Director
- Balraj Bhanot, Independent Director
- Shubhangi Agarwal, Independent Director
Shigan Quantum Technologies IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Shigan Quantum Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 4,539,000 Equity Shares aggregating up to Rs.2,269.50 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,28,000 Equity Shares aggregating up to Rs.114.00 Lakh |
| Net Issue to the Public | Up to 43,11,000 Equity Shares aggregating up to Rs.2,155.50 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 21,57,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 21,54,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,26,75,900 Equity Shares |
| Equity Shares outstanding after the Issue | 1,72,14,900 Equity Shares |
Shigan Quantum Technologies IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements,
2. To finance the purchase of Machinery,
3. General Corporate Purpose,
4. To meet offer related expenses
Shigan Quantum Technologies IPO – Business Strategy
- Improving operational efficiencies
- Expand geographical reach
- Strengthening their brand
- Training their employees
- To build up a professional organization
Shigan Quantum Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Management Team
- Quality Assurance and Standards
- Cordial Relationships with their Suppliers
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 13.86 | 20.84 | 66.49 |
| 31-Mar-20 | 11.85 | 21.89 | 52.63 |
| Mar-19 | 13.30 | 32.44 | 41.01 |
Shigan Quantum IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Shigan Quantum Technologies Limited | 10 | [●] | 13.86 | 20.84 | 3,313.21 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Shigan Quantum Technologies IPO Lead Managers
| Lead Managers |
| ONEVIEW CORPORATE ADVISORS PROVATE LIMITED (Formerly known as Guiness Corporate Advisors Pvt. Ltd.) Address:-18, Deshapriya Park Road, 2nd Floor, Kolkata-700026 West Bengal, India Tel. No.: +91- 33 – 79601228 Email: mbd@oneviewadvisors.com Website: www.oneviewadvisors.com Contact Person: Ms. Alka Mishra SEBI Regn. No. INM 000011930 |
Shigan Quantum IPO Registrar to offer
| Registrar to the Offer |
| KFIN TECHNOLOGIES PRIVATE LIMITED (Formerly known as Karvy Fintech Private Limited) Address:-Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana Tel No. :+91- 40 6716 2222 Fax No.: +91- 40 2343 1551 Email: shigan.ipo@kfintech.com Investor Grievance Email: einward.ris@kfintech.com Website: www.kfintech.com Contact Person: Mr. M Murali Krishna SEBI Regn. No.: INR000000221 |
Shigan Quantum Technologies IPO – Other Details
- Statutory Auditor – Saria Gupta & Co, Chartered Accountants
- Legal Counsel to the Company – M/S. M. V. KINI, LAW FIRM
- Bankers to the Company – ICICI Bank Limited and HDFC Bank Limited
Shigan Quantum IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Shigan Quantum Technologies Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Shigan Quantum Technologies IPO Review FAQs
Ques – What is the Issue Size of Shigan Quantum IPO?
Answer – The Company is making an initial public offer of 45,39,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Shigan Quantum IPO?
Answer – The price band for this particular IPO ranges between Rs 50. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Shigan Quantum IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Feb 28, 2022, while the closing date is set at Mar 3, 2022.
Ques – What is the Shigan Quantum IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Mar 8, 2022, refund initiation is on Mar 9, 2022, credit of shares is on Mar 10, 2022, and share listing date is on Mar 11, 2022.
Ques – What is the Shigan Quantum IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges Mar 11, 2022. The date, when the listing would be done, is stagnant on Mar 11, 2022.
Ques – Who is the Registrar of Shigan Quantum Tech IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. KFIN TECHNOLOGIES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Shigan Quantum IPO?
Answer – Here are the promoters of this IPO – Mr. Shishir Agrawal, Mr. Gagan Agrawal, Shigan Autotronics Pvt. Ltd., SA Shigan Trust, and GA Shigan Trust. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Shigan Quantum IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Shigan Quantum IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Shigan Quantum?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 351.34, 2020 is 292.07, 2019 is 266.07. PAT from June 2021 is 138.96.
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