Shigan Quantum Technologies IPO GMP, Review, Price, Allotment

Shigan Quantum Technologies IPO description – The company 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. It makes Alternate Fuel Systems for heavy duty vehicles, light duty vehicles and off- highway applications. Since April 2020, the company has also ventured into manufacturing of Fire Detection & Alarm System and Fire Detection & Suppression System (FDAS & FDSS).

The company aims to localize the components of Euro-VI CNG kits in India, which will help to reduce the cost of the total system. It imports its raw materials from countries like Singapore, USA, Chicago, Mexico, Switzerland, China, Hong Kong, UAE, Italy, France, etc. Shigan Quantum also procures raw materials from domestic suppliers located in Pune, Gurugram, Ghaziabad, Bangalore and other domestic market in India. It exports certain components of CNG Fuel Systems to countries like New Jersey, Australia, Italy, Sweden, Canada.

Promoters of Shigan Quantum Technologies – Mr Shishir Agrawal, Mr Gagan Agrawal, Shigan Autotronics Private Limited, SA Shigan Trust and GA Shigan Trust

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Shigan Quantum Technologies Offer Details

Subscription Dates	28 February – 3 March 2022
Price Band	INR50 per share
Fresh issue	45,39,000 shares (INR22.7 crore)
Offer For Sale	Nil
Total IPO size	45,39,000 shares (INR22.7 crore)
Minimum bid (lot size)	3,000 shares
Face Value	INR10 per share
Retail Allocation	50%
Listing On	NSE Emerge

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Shigan Quantum’s Financial Performance

	FY2019	FY2020	FY2021	5M FY2022
Revenue	69.08	72.79	96.02	64.40
Expenses	65.32	68.85	91.30	60.52
Net income	2.66	2.92	3.51	2.89

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Shigan Quantum Technologies Offer News

• Shigan Quantum IPO Review – Subscribe or Avoid?
• Shigan Quantum Technologies RHP
• Shigan Quantum Technologies Draft Prospectus

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Shigan Quantum Offer Valuation (as of FY2021)

Earnings Per Share (EPS): INR2.77
Pre-IPO Price/Earnings (PE ratio): 18.04
Return on Net Worth (RONW): 20.84%
Net Asset Value (NAV): INR66.49 per share

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Shigan Quantum Technologies IPO GMP Daily Trend

Date	Shigan Quantum Technologies IPO GMP	Kostak	Subject to Sauda

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Shigan Quantum IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	22,69,500	22,69,500	45,39,000
Day 1	0.49	0.61	0.55
Day 2	3.02	1.88	2.45
Day 3	26.29	7.80	17.05

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Shigan Quantum Offer Registrar

KFin Technologies Private Limited 
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
Fax: +91 40 2343 1551
Email: [email protected]
Website: www.kfintech.com

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Shigan Quantum Technologies Contact Details

Shigan Quantum Technologies Limited
Hall No. 2, 3, 6, 7 & 8,
Ground floor and First floor,
Shyam Udyog Parisar,
Khasra No. 25/1, 15/3/2 Alier Bhangrola Road,
IMT Manesar, Gurgaon – 122505
Phone: +91 9818162569
Email: [email protected]
Website: www.shigan-quantum.com

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Shigan Quantum Technologies IPO Allotment Status

Shigan Quantum Technologies IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.

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Shigan Quantum Technologies IPO Timetable

IPO Opening Date	28 February 2022
IPO Closing Date	3 March 2022
Finalisation of Basis of Allotment	8 March 2022
Initiation of refunds	9 March 2022
Transfer of shares to demat accounts	10 March 2022
Listing Date	11 March 2022
Opening Price on NSE	INR61 per share (up 22% from IPO price)
Closing Price on NSE	INR64.05 per share (up 28.1% from IPO price)

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Shigan Quantum Technologies IPO FAQs