Shigan Quantum Technologies Limited IPO Status 2022

Shigan Quantum Technologies Limited IPO

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About The Company Shigan Quantum Technologies Limited 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.

1. Shigan Quantum Technologies is engaged in the business of designing, developing and manufacturing of varieties of Alternate Fuel Systems including CNG, LNG and Hydrogen Fuel Kit systems for OEMS and others. They manufacture Alternate Fuel Systems for heavy duty vehicles, light duty vehicles and off- highway applications.

2. With change in technologies, company has plan to acquire the Foreign Suppliers’ expertise through Joint Venture or by outright purchase of their technologies and localise production of Gaseous Fuel Injection Technology systems. Such Gaseous Fuel Injection Technology systems will enable the Company to manufacture products that will meet the upcoming Emission norms thereby enhancing the performance of the vehicle.

3. The company is engaged in 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 aim to localize the components of Euro-VI CNG kits in India, which will help to reduce the cost of the total system.

4. The Company imports its raw materials from countries like Singapore, USA, Chicago, Mexico, Switzerland, China, Hong Kong, UAE, Italy, France, etc. It also procure its raw materials from domestic suppliers located in Pune, Gurugram, Ghaziabad, Bangalore and other domestic market in India.

Competitive Strengths


1. 
Experienced Management Team
2. 
Quality Assurance and Standards
3. 
Cordial Relationships with our Suppliers

Objects of the Shigan Quantum Technologies Limited IPO:

The objects of the Issue Proceeds: 1. To meet Working Capital requirements 2. To finance the purchase of Machinery 3. General Corporate Purpose 4. To meet offer related expenses

Shigan Quantum Technologies Limited IPO Details:

IPO Opening DateFeb 28, 2022
IPO Closing DateMar 3, 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

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 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

The Shigan Quantum Technologies IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150,000).

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹150,000
Maximum13000₹150,000

Shigan Quantum Technologies IPO Promoter Holding

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

Shigan Quantum Technologies IPO Review

The company is operating in an overcrowded and highly fragmented and competitive field. After posting static margins, it posted super earnings for 5MFY22 i.e. IPO years. Based on this data, the issue appears fully priced and based on FY21 earnings, it is highly-priced. There is no harm in ignoring this issue.

Company Address:

Shigan Quantum Technologies Limited Shyam Kunj, 183-A, Sainik Farms, Western Avenue, New Delhi-110062 Phone: +91-9818162569 Email: cs@shigan.net Websitehttp://www.shigan-quantum.com/
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