Shigan Quantum Technologies IPO subscription is to start from February 28, 2022, Monday. The company to raise ₹22.70 crores via SME IPO at a price band of ₹50. The retail portion of this IPO is 50%, and HNI is 50% quota. The IPO subscription will close on March 03, 2022, Thursday. The IPO bid for the IPO is 3000 shares that cost ₹150,000 for 1 lot. The face value is ₹10 per equity share. Shigan Quantum Technologies is an alternative fuel system solution provider for automotive, locomotive, and stationary engine applications (LNG, CNG, and Hydrogen Fuel Kit Systems). The company reported ₹96 crores of revenues in 2021 against ₹73 crores in 2020. The company’s financial report looks good while profit is stagnant. Please check the Shigan Quantum Technologies IPO details over here.
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We recommend investors may apply for an IPO at their own risk. Investors should also look at the Retail and HNI numbers before investing. You can check the Shigan Quantum Technologies IPO allotment status here.
Shigan Quantum Technologies IPO Subscription Status (Final Data)
| Category | Day 1 | Day 2 | Day 3 |
| NII | 0.52 | 3.18 | 27.70 |
| RII | 0.64 | 1.98 | 8.21 |
| Total | 0.58 | 2.58 | 17.95 |
Shigan Quantum Technologies IPO Investor Categories
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
Shigan Quantum Technologies IPO Date & Price Band
| IPO Open: | 28 February 2022 |
| IPO Close: | 03 March 2022 |
| IPO Size: | Approx ₹22.70 Crores |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹50 Per Equity Share |
| Listing on: | NSE SME |
| Retail Quota: | 50% |
| NII Quota: | 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Shigan Quantum Technologies IPO Market Lot
The Shigan Quantum Technologies IPO minimum market lot is 3000 shares with ₹150,000 application amount.
| IPO Lot Size: | Minimum 3000 Shares for 1 lot |
| Minimum Amount: | ₹150,000 for 1 lot |
Shigan Quantum Technologies IPO Time Table, Allotment & Listing
The Shigan Quantum Technologies IPO date is 28 February 2022 and the IPO close date is 03 March 2022. The allotment date is 08 March 2022 and the IPO may list on 11 March 2022.
| IPO Open Date: | 28 February 2022 |
| IPO Close Date: | 03 February 2022 |
| Basis of Allotment: | 08 March 2022 |
| Refunds: | 09 March 2022 |
| Credit to Demat Account: | 10 March 2022 |
| IPO Listing Date: | 11 March 2022 |
Shigan Quantum Technologies IPO Subscription FAQs:
When Shigan Quantum Technologies IPO Subscription will start?
The IPO subscription starts on 28 February 2022 for NII and Retail Investors.
How much is Shigan Quantum Technologies IPO subscribed?
The IPO subscribed 17.95x times on day 3.
What is Shigan Quantum Technologies IPO Retail subscription status?
The RII subscription is 8.21x on day 3.
How to subscribe Shigan Quantum Technologies IPO?
You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.
How do I check live Shigan Quantum Technologies IPO Subscription Numbers?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE websites. One can check the live subscription on BSE or NSE website on the particular IPO page.
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