Shigan Quantum Technologies Limited IPO
Shigan Quantum Technologies Limited IPO
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Shigan Quantum Technologies Limited's completed its IPO journey with a successful listing on NSE on 11-03-2022. The public offering mobilized 45,39,000 Shares in total capital, comprising 45,39,000 Shares in fresh equity.
The offering was conducted within the price band of ₹50 to ₹50, with minimum application lots of 3000 shares. Investor participation during the 28-02-2022 to 03-03-2022 subscription window determined the final allocation pattern.
The basis of allotment was announced on 08-03-2022, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Shigan Quantum IPO About Company
Shigan Quantum Technologies designs, develops, manufactures, and assembles alternate fuel systems, including LNG, CNG, and hydrogen fuel kit systems, catering to high-duty and light-duty vehicles, power generation equipment, industrial machinery, and off-highway applications. Since April 2020, the company has also ventured into fire detection and alarm systems. Its CNG fuel systems are exported to international markets including the USA (New Jersey), Sweden, Canada, Australia, and Italy.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Shigan Quantum IPO Strength Factors
- Experienced Management: Led by a highly skilled and knowledgeable team.
- Quality Standards: Maintains consistent and reliable product quality.
- Global Exports: Supplies products to countries like Australia, Sweden, and Canada.
- Strong Supplier Relations: Maintains trusted and long-term supplier connections.
Shigan Quantum IPO Risk Factors
NA
Shigan Quantum IPO Lead Manager(s)
- Finshore Management Services Limited
Shigan Quantum IPO Promoter(s)
- Mr. Shishir Agrawal
- Mr. Gagan Agrawal
- Shigan Autotronics Private Limited
- SA Shigan Trust
- GA Shigan Trust
Shigan Quantum IPO FAQs
Shigan Quantum Technologies Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byDecember 17, 2025 10:09:31 AM (Day 17).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Shigan Quantum IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Shigan Quantum IPO FAQs
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