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Shigan Quantum Technologies Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Shigan Quantum Technologies Ltd IPO

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 (Rs)50.00-0.00 (Rs)0.00-0.00
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 (Rs)50.00  
 
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