Shigan Quantum Technologies Limited IPO (Shigan Quantum Technologies IPO)

Shigan Quantum Technologies IPO 2022
Upcoming Shigan Quantum Technologies IPO | New Shigan Quantum Technologies IPO

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.

Shigan Quantum Technologies IPO

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

ParticularsFor the year/period ended (₹ in Lakh)
Total Assets4,679.174,529.572,473.482,205.65
Total Revenue6,439.769,602.267,278.786,908.42
Profit After Tax289.29351.34292.07266.07

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
Object Of The Issue

Shigan Quantum Technologies IPO Details

IPO Opening DateFeb 28, 2022
IPO Closing DateMar 03, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹50 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME
Issue Size4,539,000 Eq Shares of ₹10
(aggregating up to ₹22.70 Cr)
Fresh Issue4,539,000 Eq Shares of ₹10
(aggregating up to ₹22.70 Cr)

Shigan Quantum Technologies IPO Tentative Timetable

IPO Open DateFeb 28, 2022
IPO Close DateMar 3, 2022
Basis of Allotment DateMar 8, 2022
Initiation of RefundsMar 9, 2022
Credit of Shares to Demat AccountMar 10, 2022
IPO Listing DateMar 11, 2022

Shigan Quantum Technologies IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)

Shigan Quantum Technologies IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.63%

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

Shigan Quantum Technologies IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000

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].
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