Company Highlights

Shigan Quantum Technologies Limited -(SME IPO)

shigan-quantum-logo.jpg

About the Company

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.


Objective of the Issue

(i)   Meet working capital requirements.
(ii)   General corporate purposes.


Competitive Strengths

(i)   Highly experienced managerial team.
(ii)  Export to overseas countries i.e. Australia, Sweden, Canada, etc.
(iii)Standard quality standards and assurance.


Company Promoters

Mr. Shishir Agrawal, Mr. Gagan Agrawal, Shigan Autotronics Private Limited, SA Shigan Trust and GA Shigan Trust are company promoters.



Financials Highlights


Particulars
March 31, 2021 (Rs. in millions)
March 31, 2020 (Rs. in millions)
March 31, 2019 (Rs. in millions)
Income
9,602.26
7,278.78
6,908.42
Expense
9,130.34
6,885.41
6,532.41
Profit After Tax
351.34
292.07
266.07
EPS
2.77
2.37
2.66
RoNW (%)
20.84%
21.89%
32.44%



Issue Details

Issue Size (Net)
Up to Rs. 22.70 Cr
Face Value
Rs.10 per equity share
Bid Lot
3000 equity share & multiple shares
Price Band
Rs.50 per equity share
Issue Opening Date
28-Feb-22
Issue Closing Date
03-Mar-22
Listing On
NSE
Registrar
KFintech Private Limited



IPO Timetable

IPO Open Date
February 28, 2022
IPO Close Date
March 03, 2022
Basis of Allotment Date
March 08, 2022
Initiation of Refunds
March 09, 2022
Credit of Shares to Demat Account
March 10, 2022
IPO Listing Date
March 11, 2022



Prospectus

Prospectus File

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Security

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