It has a debt of ~1.76 Crores and Equity of ~20 Crores. So, D/E is less than 1. Nothing to worry.
Shigan Quantum Technologies Limited IPO
i. Shigan Quantum Technologies is engaged in the business of designing, developing and manufacturing of varieties of Alternate Fuel Systems including CNG, LNG and Hydrogen Fuel Kit systems for OEMS and others. They manufacture Alternate Fuel Systems for heavy duty vehicles, light duty vehicles and off- highway applications.
ii. With change in technologies, company has plan to acquire the Foreign Suppliers’ expertise through Joint Venture or by outright purchase of their technologies and localise production of Gaseous Fuel Injection Technology systems. Such Gaseous Fuel Injection Technology systems will enable the Company to manufacture products that will meet the upcoming Emission norms thereby enhancing the performance of the vehicle.
iii. The company is engaged in designing, optimizing, manufacturing, assembling, testing and kit integration of alternate fuel systems/kits for heavy/light duty commercial vehicles and buses, power generation equipment and industrial equipment viz. forklifts etc. It aim to localize the components of Euro-VI CNG kits in India, which will help to reduce the cost of the total system.
iv. The Company imports its raw materials from countries like Singapore, USA, Chicago, Mexico, Switzerland, China, Hong Kong, UAE, Italy, France, etc. It also procure its raw materials from domestic suppliers located in Pune, Gurugram, Ghaziabad, Bangalore and other domestic market in India.
i. Experienced Management Team
ii. Quality Assurance and Standards
iii. Cordial Relationships with our Suppliers
Objects of the Shigan Quantum Technologies Limited IPO:
Shigan Quantum Technologies Limited IPO Details:
|Open Date:||Feb 28 2022|
|Close Date:||Mar 03 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||22.70 Cr.|
|Lot Size:||3000 Shares|
|Issue Price:||₹ 50 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Mar 11 2022|
Promoters And Management:
Financials of Shigan Quantum Technologies Limited IPO:
|Particulars (in Lakhs)||March-21||March-20||Mar 19|
|Cost of Material Consumed||6404||5103||4702|
|Purchase of Stock in Trade||1471||753||1008|
|Changes in inventories||9.99||57||-111.35|
|Employee Benefit Expenses||313||352||250|
|Profit Before tax||471||393.00||376|
|Profit After Tax||351||292||266|
Comparison With Peers:
Recommendation on Shigan Quantum Technologies Limited IPO:
Lead Manager of Shigan Quantum Technologies Limited IPO:
Registrar of Shigan Quantum Technologies Limited IPO:
Discussion on Shigan Quantum Technologies Limited IPO:
Total Outstanding Shares before IPO = 1,26,75,900
Present Issue = 45,39,000
Total Shares outstanding after IPO = 172.149 Lakh
IPO Price = 50 per share.
Mcap = 87 Crores
Revenue (Fy21)= 95 Crores
EPS (Fy21) = 2.04
P/E = ~25x
Leave a Reply
You must be logged in to post a comment.