IPO

IPO Synopsis
Shigan Quantum Technologies Ltd
Registered Office: Shyam Kunj 183-A Sainik Farms,Western Avenue , New Delhi - 110062 , Delhi , India.
Phone : 91-98181 62569   Fax:
Email :  cs@shigan.net  
Website :  www.shigan-quantum.com
Initial public offer of 45,39,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Shigan Quantum Technologies Limited ("SQT" or the "Company" or the "Issuer") for cash at a price of Rs. 50 per equity share including a share premium of Rs. 40 per equity share (the "Issue Price") aggregating to Rs. 22.70 crores ("The Issue") of which 2,28,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 50 per equity share including a share premium of Rs. 40 per equity share aggregating to Rs. 1.14 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e net issue of 43,11,000 equity shares of face value of Rs. 10 each at a price of Rs. 50 per equity share including a share premium of Rs. 40 per equity share aggregating to Rs. 21.55 crores (the "Net Issue"). The issue and the net issue will constitute 26.37% and 25.04% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 each and the issue price is Rs. 50 each i.e., 5.0 times of the face value of the equity shares. Bid can be made for minimum of 3000 equity shares and in multiples of 3000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
28-Feb-22 03-Mar-22 Rs50.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  Rs Cr Lead Managers to the Issue
Project Cost 22.70
Finshore Management Services Ltd
Project Financed through Current Offer 22.70  
Post Issue Equity Share Capital 17.21  
Issue Price Rs50.00  
 
Projects
To Meet Working Capital RequirementsGeneral Corporate Purpose
To Finance the Purchase of Machinery
Promoted By
Shishir Agrawal
Gagan Agrawal
Shigan Autotronics Pvt Ltd
Listing At
NSE - SME 
Registrar to the Issue
KFin Techologies Ltd