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23/02/2022 10:41

Shigan Quantum Tech announces launch of initial public offering

Shigan Quantum Technologies Ltd. has announced public offering of 4539000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 40.00 per share. The gross proceeds of the issue are expected to be Rs 2,269.50 lakhs.

The company's initial public offer (IPO) will open on 28 February 2022 and is expected to close on 03 March 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 4539000 Equity Shares of the Company at an price of Rs 50.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Shigan Quantum Technologies Ltd. anticipates using the proceeds of the issue for .

Finshore Management Services Ltd. as lead manager & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.