Shigan Quantum Technologies IPO is engaged in the business of designing, developing, manufacturing, and assembling Alternate Fuel Systems
Shigan quantum technologies IPO–overview
| IPO Dates | 28 Feb-3 March 2022 |
| IPO Price | INR 50 per share |
| Fresh issue | 4,539,000 shares (INR 22.70 crore) |
| Offer For Sale | Nil |
| Total IPO size | 4,539,000 shares (INR 22.70 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Shigan quantum technologies IPO – Tentative Dates
| IPO Offer Opening Date | 28 Feb 2022 |
| IPO Closing Date | 03 March 2022 |
| Finalization of Basis of Allotment | 08 March 2022 |
| Initiation of refunds | 09 March 2022 |
| Transfer of shares to demat accounts | 10 March 2022 |
| IPO Listing Date | 11 March 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
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.
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.
Objectives of the issue
- Meet working capital requirements.
- To finance machinery purchase.
- General corporate purposes.
- Meet offer expenditures.
Company Financials
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 4,529.57 | 2,473.48 | 2,205.65 |
| Total Revenue | 9,602.26 | 7,278.78 | 6,908.42 |
| Profit After Tax | 351.34 | 292.07 | 266.07 |
Company Contact Information
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/
Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: shigan.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Lead Manager(s)
- Finshore Management Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
