Shigan Quantum Technologies is engaged in the business of designing, developing, manufacturing, and assembling Alternate Fuel Systems i.e. Liquefied Natural Gas (LNG), Compressed Natural Gas (CNG), and Hydrogen Fuel Kit Systems. Since April 2020, the company has also ventured into Fire Detection & Alarm systems.
It manufactures Alternate Fuel Systems for high duty & light-duty vehicles power generation equipment, industrial equipment, and off-highway applications. It exports CNG fuel systems to countries such as New Jersey, Sweden, Canada, Australia, and Italy.Competitive strengths:
- Standard quality standards and assurance.
- Export to overseas countries i.e. Australia, Sweden, Canada, etc.
- A strong relationship with suppliers.
Objectives of the Issue:
The net proceeds from the IPO will be utilized towards the following objectives;
- Meet working capital requirements.
- To finance machinery purchase.
- General corporate purposes.
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