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
| Particulars | For the year/period ended (₹ in Lakh) | |||
|---|---|---|---|---|
| 31-Aug-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 4,679.17 | 4,529.57 | 2,473.48 | 2,205.65 |
| Total Revenue | 6,439.76 | 9,602.26 | 7,278.78 | 6,908.42 |
| Profit After Tax | 289.29 | 351.34 | 292.07 | 266.07 |
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 Date | Feb 28, 2022 |
| IPO Closing Date | Mar 03, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹50 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | 4,539,000 Eq Shares of ₹10 (aggregating up to ₹22.70 Cr) |
| Fresh Issue | 4,539,000 Eq Shares of ₹10 (aggregating up to ₹22.70 Cr) |
Shigan Quantum Technologies IPO Tentative Timetable
| 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 IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹150,000 |
| Maximum | 1 | 3000 | ₹150,000 |
Shigan Quantum Technologies IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.63% |
Shigan Quantum Technologies IPO Prospectus
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/ |
Shigan Quantum Technologies IPO Registrar
| KFintech Private Limited Phone: 04067162222, 04079611000 Email: shigan.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
Shigan Quantum Technologies IPO FAQs
| When Shigan Quantum Technologies IPO will open? The Shigan Quantum Technologies IPO dates are 28 Feb 2022 To 03 Mar 2022 |
| What is the lot size of Shigan Quantum Technologies IPO? Shigan Quantum Technologies IPO lot size and the minimum order quantity is 3000 Shares. |
| How to apply for Shigan Quantum Technologies IPO? You can apply in Shigan Quantum Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. |
| When is Shigan Quantum Technologies IPO listing date? The Shigan Quantum Technologies IPO listing date is announced. The date of Shigan Quantum Technologies IPO listing is [11 March 2022]. |
