Shigan Quantum Technologies Ltd - IPO

Shigan Quantum Technologies Ltd IPO Details

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 shareincluding 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.

Objective of issue

To Meet Working Capital Requirements. To Finance the Purchase of Machinery. General Corporate Purpose.

Shigan Quantum Technologies Ltd Contact Details

Shigan Quantum Technologies Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@shigan.net

Website - www.shigan-quantum.com