Shigan Quantum Technologies Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

28 Feb 2022

Close Date

03 Mar 2022

Allotment

08 Mar 2022

Listing Date

11 Mar 2022

Exchange

NSE SME

Price Band

₹50

Listing Price

See chart

Allotment Status

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Price Band

₹50

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

45,39,000 shares (aggregating up to ₹22.70 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹150,000

1 lot

Pre-IPO Holding

1,26,75,900 shares

Promoters

Post-IPO Holding

1,72,14,900 shares

Promoters

P/E (Pre)

12.41x

UPI Deadline

2022-03-03

Mandate

Anchor AllotmentSun, 27 Feb 2022

Basis of AllotmentTue, 08 Mar 2022

Refund InitiationWed, 09 Mar 2022

Demat CreditThu, 10 Mar 2022

Listing DayFri, 11 Mar 2022

UPI Mandate Deadline2022-03-03

Sale TypeFresh Capital

Net Offer to Public43,11,000 shares (aggregating up to ₹21.56 Cr)

Market Maker Quota2,28,000 shares (aggregating up to ₹1.14 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Shigan Quantum Technologies Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 03 Mar 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	228,000	—	₹1.14
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,539,000	100%	₹22.70

IPO Shares Offered

Shigan Quantum Technologies Ltd. IPO total issue size: ₹22.70 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	228,000	₹1.14	5.02%
Total	4,539,000	₹22.70	100.00%

* Based on upper price band ₹50 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹50.00

Upper Band

Min Investment

₹150,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹300,000
Retail (Max — 13 Lots)	13	39,000	₹1,950,000
S-HNI (Min — 14 Lots)	14	42,000	₹2,100,000
B-HNI (Min — 68 Lots)	68	204,000	₹10,200,000

* Issue Price ₹50 × Lot Size 3,000 shares

IPO Schedule

Anchor

27 Feb 2022

✓ Done

IPO Open

28 Feb 2022

✓ Done

IPO Close

03 Mar 2022

✓ Done

Allotment

08 Mar 2022

✓ Done

Refunds

09 Mar 2022

✓ Done

Demat Credit

10 Mar 2022

✓ Done

Listing Day

11 Mar 2022

✓ Done

₹50.00

INR · NSE

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Issue ₹50.00 Live Price

About Shigan Quantum Technologies Ltd.

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 strengthsHighly experienced managerial team.Standard quality standards and assurance.Export to overseas countries i.e. Australia, Sweden, Canada, etc.A strong relationship with suppliers.

Objects of the Issue

1 To meet Working Capital requirements

2 To finance the purchase of Machinery

3 General Corporate Purpose

Shigan Quantum Technologies Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹7,278.8

31-Mar-20

₹9,602.3

31-Mar-21

₹6,439.8

31-Aug-21

Profit After Tax (PAT)

₹292.1

31-Mar-20

₹351.3

31-Mar-21

₹289.3

31-Aug-21

Particulars	31-Aug-21	31-Mar-21	31-Mar-20
Revenue from Operations	6439.76	9602.26	7278.78
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	289.29	351.34	292.07
Net Worth	N/A	N/A	N/A
Total Assets	4679.17	4529.57	2473.48
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered45,39,000 (100.00%)

Net Offer to Public43,11,000 shares (aggregating up to ₹21.56 Cr)

Reserved for Market Maker2,28,000 shares (aggregating up to ₹1.14 Cr)

Pre-Issue Promoter Holding1,26,75,900 shares

Post-Issue Promoter Holding1,72,14,900 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

shigan.ipo@kfintech.com

https://ipostatus.kfintech.com/

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Book Running Lead Managers

Finshore Management Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Shigan Quantum Technologies Ltd. IPO subscribed? ▲

Shigan Quantum Technologies Ltd. IPO is subscribed 1.00 times by Mar 03, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Shigan Quantum Technologies Ltd. IPO retail subscription status? ▼

The Shigan Quantum Technologies Ltd. IPO retail category is subscribed 1.00 times as of 03 Mar 2022. The retail portion is oversubscribed.

How to subscribe Shigan Quantum Technologies Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 28 Feb 2022 and closes 03 Mar 2022. Min investment: ₹150,000 (1 lot = 3,000 shares). UPI mandate: 2022-03-03.

How many times Shigan Quantum Technologies Ltd. IPO subscribed? ▼

The Shigan Quantum Technologies Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Shigan Quantum Technologies Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 08 Mar 2022. Refunds: on 09 Mar 2022.

When Shigan Quantum Technologies Ltd. IPO will be listed? ▼

The Shigan Quantum Technologies Ltd. IPO listing date is 11 Mar 2022, Friday. Listed on: NSE SME. Issue price: ₹50. Estimated listing: ₹50. GMP: NIL.

When Shigan Quantum Technologies Ltd. IPO close? ▼

The Shigan Quantum Technologies Ltd. IPO closes on 03 Mar 2022, Thursday. UPI mandate: 2022-03-03. Allotment: 08 Mar 2022. Listing: 11 Mar 2022.

Quick Actions

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Live Price LIVE

Last Price₹50.00

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Issue Price₹50.00

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Quick Summary

StatusListed

Issue Price₹50

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹150,000

GMPNIL

Est. Listing₹50

Subscribed1.00x

Open Date28 Feb 2022

Close Date03 Mar 2022

Allotment08 Mar 2022

Listing Date11 Mar 2022

ExchangeNSE SME

UPI Deadline2022-03-03