Shigan Quantum Technologies deals 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.
| Bidding Dates |
|---|
| 28 Feb 2022 - 03 Mar 2022 |
| Subscription |
|---|
| 17.95x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,50,000 | 1 | 1 | 3000 | 4.5 M | ₹50 | 100 % | ₹226.9 M | RHP DOC |
Shigan Quantum Tech IPO SUBSCRIPTION STATUS
02 Mar '22Shigan Quantum Tech IPO overall subscription rate was 17.95 times the total available shares
Shigan Quantum Tech IPO retail subscription rate was 8.21 times in the retail segment
Shigan Quantum Tech IPO non-institutional investor subscription rate was 27.7 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
28 Feb 2022 (Day 1) | 0.64x | 0.52x | - |
01 Mar 2022 (Day 2) | 1.98x | 3.18x | - |
02 Mar 2022 (Day 3) | 8.21x | 27.7x | - |
Shigan Quantum Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 5MFY21 | 29.0 | 643.9 | 74.9 | 72.9 |
| FY21 | 35.1 | 956.6 | 29.8 | 13.4 |
| FY20 | 29.2 | 727.8 | 34.7 | -10.6 |
| FY19 | 26.6 | 690.7 | 13.9 | 10.9 |
Shigan Quantum Tech IPO SUBSCRIPTION STATUS DETAILS
Shigan Quantum Tech had 4.5 M shares on offer
Shigan Quantum Tech IPO offer price was ₹50
Shigan Quantum Tech IPO minimum Investment was ₹150000
Shigan Quantum Tech IPO issue size was ₹ 227.0 M
Shigan Quantum Tech had a minimum lot size of 3000 Shares per application
Shigan Quantum Tech NUMBER OF SHARES ON OFFER
Shigan Quantum Tech IPO IMPORTANT DATES
| Issue Open Date | 28 Feb 2022 |
| Issue close Date | 03 Mar 2022 |
| Allotment Date | 08 Mar 2022 |
| Refund Date | 09 Mar 2022 |
| Demat Account Credit Date | 10 Mar 2022 |
| Listing Date | 11 Mar 2022 |
| Listing on Exchange(s) | NSE |
| Shigan Quantum Tech Allotment Status | Exchange |
Shigan Quantum Tech IPO subscription opened on 28 Feb 2022, and closed on 03 Mar 2022
IPO allotment for Shigan Quantum Tech was finalized on Tuesday, 08 Mar 2022
IPO listing for Shigan Quantum Tech was on NSE on Friday, 11 Mar 2022
Shigan Quantum Tech IPO LISTING GAINS
| Issue Price (adjusted) | 50.0 |
| Listing Open Price | 61.0 |
| Listing Close Price | 64.0 |
| Listing Gain% | 22.0% |
| Current Gain% | 24.3% |
Shigan Quantum Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shigan Quantum Technologies Ltd. | 62.2 | 107 | 17.6 | -0.6 | 0.5 | 6.8 | 3.3 | 221.1 | 4.2 | 6.7 | -22.7 | 3.5 | -30.2 |
| Samvardhana Motherson International Ltd. | 168.7 | 178053.4 | 40.7 | 1.3 | 1.4 | 9.4 | 3.5 | 126414.2 | 10.7 | 3859.7 | 1.5 | 4.1 | 31.9 |
| Bosch Ltd. | 45075 | 132953.7 | 56.3 | -5 | 6.3 | 18.7 | 12.8 | 20888.7 | 10.5 | 2773.2 | 37.6 | 801.2 | -11.3 |
| UNO Minda Ltd. | 1278.9 | 73852.3 | 61.4 | 3.8 | 3.6 | 17.5 | 8.7 | 19692 | 17.2 | 1197.1 | 27 | 20.8 | 16.2 |
| Tube Investments of India Ltd. | 2784.5 | 53900.2 | 84.6 | -16.1 | 2.4 | 8.2 | 3 | 23234.6 | 17.1 | 636.8 | -5.5 | 32.9 | -5.3 |
| Sona BLW Precision Forgings Ltd. | 803.8 | 50118.1 | 72 | 3.8 | 10.2 | 10.7 | 8.6 | 4572.1 | 24.2 | 640.2 | 6.5 | 11.2 | 19.2 |
Shigan Quantum Tech INFORMATION ON IPO ISSUE
About Shigan Quantum Tech
Shigan Quantum Technologies deals 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.
Object of the Issue
- Meet working capital requirements.
- To finance machinery purchase.
- General corporate purposes.
- Meet offer expenditures.
Shigan Quantum Tech - PROMOTERS
| Name |
|---|
| Shishir Agrawal |
| Gagan Agrawal |
Shigan Quantum Tech Lead Manager
Finshore Management Services Limited
ramakrishna@finshoregroup.com
Shigan Quantum Tech Registrar to the issue
Kfin Technologies Private Limited
shigan.ipo@kfintech.com
Shigan Quantum Tech Strengths
Experienced management team
The management team includes professionals with experience in the Automotive industry as well as finance and marketing functions
Quality assurance and standards
The company believes in the quality in our process and products; committed to delivering good quality products in a proper manner at all steps from manufacturing to dispatch.
Shigan Quantum Tech Risks
Dependent on certain major customers
The business is substantially dependent on certain major customers and the loss of any one or more of them would have a material adverse effect
Reliance on third parties
Reliance on third parties for certain aspects of business, including contract labour/ job work, transportation, and logistics exposes us to certain risks.
IPO FAQs
The promoters of the company are Shishir Agrawal and Gagan Agrawal.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 50.0 - 50.0.
The IPO application opens on Feb 28, 2022 and closes on Mar 03, 2022.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 150,000.0, the maximum value for this IPO is Rs 150,000.0.
This IPO will be allotted on Mar 08, 2022.
The refund will be credited to your account on Mar 09, 2022.
The allotted shares will be credited to your demat on Mar 10, 2022.
Shigan Quantum Technologies Ltd.’s shares listed on the stock exchanges on Mar 11, 2022.