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Let’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 ValueRs 10
Price BandRs 35
Listing AtNSE Emerge
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Lakh
Fresh IssueRs Lakh
IPO SizeRs 1589 Lakh
Tick Size1

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

Shigan Quantum Technologies IPOTheir 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 not available yet.


Shigan Quantum Technologies IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

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  • 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
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Shigan Quantum Technologies IPO Price

The face value of each share is Rs.10, but the price band of the IPO is Rs 35


Shigan Quantum Technologies IPO Size

This Initial Public Issue of 45,40,000 Equity Shares of Rs.10 each for cash at a price of Rs.35 per equity share aggregating to Rs.1589 Lakh.


Shigan Quantum Technologies IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.

Issue Size: 45,40,000 Equity Shares of Rs.10 each, aggregating to Rs.1589 Lakh


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    Shigan Quantum Technologies IPO – Live Performance

    The listing date of this IPO is [●]. 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 Technologies 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-2131-Mar-21Mar-2031-Mar-19
    Total Assets5,161.854,529.582,473.482,205.65
    *Total Revenue3,313.219,602.267,278.796,908.42
    Total Expense3,127.039,130.346,885.436,532.41
    Profit After Tax138.96351.34292.07266.07

    Earnings per Equity Share (in Lakh)

    30-Jun-2131-Mar-21Mar-2031-Mar-19
    Basic & Diluted5.4813.8611.8513.30

     

    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:

    1. Mr. Shishir Agrawal,
    2. Mr. Gagan Agrawal,
    3. Shigan Autotronics Pvt. Ltd.,
    4. SA Shigan Trust
    5. 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 45,40,000 Equity Shares aggregating up to Rs.1589 Lakh
    of which:
    Issue Reserved for the Market MakersUp to 2,28,000 Equity Shares aggregating up to Rs.79.80
    Lakh
    Net Issue to the PublicUp to 43,12,000 Equity Shares aggregating up to Rs.1509.20
    Lakh
    Of which:
    Retail Investors Portion Not less than 21,56,000 Equity Shares
    Other than Retail Individual InvestorsNot more than 21,56,000 Equity Shares
     Equity Shares outstanding prior to the Issue1,26,75,900 Equity Shares
     Equity Shares outstanding after the Issue1,72,15,900 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 EPSRONW (%)NAV (Rs.)
    31-Mar-2113.8620.8466.49
    31-Mar-2011.8521.8952.63
    Mar-1913.3032.4441.01

    Shigan Quantum Technologies IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
    Shigan Quantum Technologies Limited10[●]13.8620.843,313.21
    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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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 45,40,000 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 35. 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 NA, while the closing date is set at NA.

      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 NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

      Ques – What is the Shigan Quantum IPO Listing Date?

      Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

      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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