Shigan Quantum Technologies IPO Details:
Contents
- 1 Shigan Quantum Technologies Limited IPO Launching?
- 2 Shigan Quantum Technologies Limited IPO Timetable
- 3 Shigan Quantum Technologies Limited IPO Lot Size
- 4 Shigan Quantum Technologies Limited IPO Share Price
- 5 Shigan Quantum Technologies Limited IPO Promoter Holding
- 6 Shigan Quantum Technologies Limited IPO Board of Directors
- 7 Shigan Quantum Technologies Limited IPO Company Financials
- 8 About Shigan Quantum Technologies Limited Company:
- 9 Shigan Company Contact Information
- 10 Shigan Quantum Technologies Limited IPO GMP Today (Gray Market Price)
- 11 How to apply for Shigan Quantum Technologies Limited IPO?
- 12 Final Review
Shigan Quantum Technologies Limited IPO Launching?
The opening and the closing date of Shigan Quantum Technologies IPO are Feb 28, 2022 and Mar 3, 2022, respectively.
Shigan Quantum Technologies Limited IPO Timetable
The Shigan Quantum Technologies IPO open date is Feb 28, 2022, and the close date is Mar 3, 2022. The issue may list on Mar 11, 2022.
| 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 Limited IPO Lot Size
The Shigan Quantum Technologies IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lot (3000 shares or ₹150,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹150,000 |
| Maximum | 1 | 3000 | ₹150,000 |
Shigan Quantum Technologies IPO is an SME IPO of 4,539,000 equity shares of the face value of ₹10 aggregating up to ₹22.70 Crores. The issue is priced at ₹50 per equity share. The minimum order quantity is 3000 Shares.
Shigan Quantum Technologies Limited IPO Promoter Holding
Mr. Shishir Agrawal, Mr. Gagan Agrawal, Shigan Autotronics Private Limited, SA Shigan Trust and GA Shigan Trust are company promoters.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.63% |
Shigan Quantum Technologies Limited IPO Board of Directors
| Name | Designation | |
| Balraj Bhanot | Independent Director | |
| Gagan Agrawal | Joint Managing Director | |
| Gunjan Gupta | Co. Secretary & Compl. Officer | |
| Nathu Singh Tawar | Chief Financial Officer | |
| Shishir Agrawal | Managing Director | |
| Shubhangi Agarwal | Independent Woman Director | |
| Vijay Lal Toshavda | Independent Director | |
Shigan Quantum Technologies Limited IPO Company Financials
| Summary of financial Information (Restated Consolidated) | |||||
|---|---|---|---|---|---|
| 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 | |
About Shigan Quantum Technologies Limited Company:
Shigan Quantum Technologies Ltd. (SQTL) is occupied with the business of designing, developing and manufacturing assortments of Alternate Fuel Systems including CNG, LNG and Hydrogen Fuel Kit systems for OEMs and others. It manufactures Alternate Fuel Systems for heavy-duty vehicles, light-duty vehicles and off-highway applications.
Since April 2020, the Company has likewise ventured into manufacturing of Fire Detection and Alarm System and Fire Detection and Suppression System (FDAS &FDSS). The installed capacity of manufacturing of FDAS and FDSS is 36,000 nos. per annum, notwithstanding, it has manufactured 671 nos. of FDAS and FDSS as of March 31, 2021.
The company sources critical technologies from MNC companies with whom it has a drawn out technology client agreement or manufacturing license. SQTL has gone into technology agreements with companies for developing exclusive products customized to its necessities. It appreciates exclusive manufacturing rights in India for these products after their turn of events.
With the adjustment of technologies, it has intended to secure the Foreign Suppliers’ expertise through Joint Venture or by and large acquisition of their technologies and localize creation of Gaseous Fuel Injection Technology systems. Such Gaseous Fuel Injection Technology systems will empower the Company to manufacture products that will meet the forthcoming Emission norms along these lines improving the performance of the vehicle.
SQTL is occupied with 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. It plans to localize the parts of Euro-VI CNG kits in India, which will assist with diminishing the cost of the absolute system.
Shigan 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 Limited IPO GMP Today (Gray Market Price)
Not available at the moment
How to apply for Shigan Quantum Technologies Limited IPO?
You can apply for IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
Final Review
The organization is working in an overcrowded and exceptionally fragmented and cutthroat field. In the wake of posting static margins, it posted super revenues for 5MFY22 for example IPO years. In light of this data, the issue shows up completely priced and in view of FY21 revenues, it is profoundly priced. There is no damage in disregarding this issue.
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