Shigan Quantum Technologies Limited IPO

Opening Date 28 Feb 2022
Closing Date 03 Mar 2022
Minimum Quantity 3000
Price Range 50 – 50
(D)RHP View
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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.

Company Promoters:

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

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
  31-Aug-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 4,679.17 4,529.57 2,473.48 2,205.65
Total Revenue 6,439.76 9,602.26 7,278.78 6,908.42
Profit After Tax 289.29 351.34 292.07 266.07

Objects of the Issue:

The net proceeds from the IPO will be utilized towards the following objectives;

  • Meet working capital requirements.
  • To finance machinery purchase.
  • General corporate purposes.
  • Meet offer expenditures.

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