Shigan Quantum Technologies Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,154,000 (47%) | — | ₹1,077 Cr |
| Retail | — | 2,157,000 (48%) | — | ₹1,079 Cr |
| Market Maker | — | 228,000 (5%) | — | ₹11 Cr |
| Σ Total | — | 4,539,000 (100%) | — | ₹22,695 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹150,000 |
| Retail (Max) | 13 | 39,000 | ₹1,950,000 |
| S-HNI (Min) | 14 | 42,000 | ₹2,100,000 |
| B-HNI (Min) | 67 | 201,000 | ₹10,050,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Aug-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 6,440 | 9,602 | 7,279 |
| Profit After Tax | 289 | 351 | 292 |
| Total Assets | 4,679 | 4,530 | 2,473 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To meet Working Capital requirements – 16.81
- 2 To finance the purchase of Machinery – 3.95
- 3 General Corporate Purpose – 1.00
Company Overview
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.