Sharp Chucks And Machines IPO Detail 2023
Introduction
The Sharp Chucks And Machines IPO will open on September 29 and close on October 4, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 16.84 crore through this public offering, consisting of 2,904,000 shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 58 per share.
Sharp Chucks And Machines Limited (“the Company”)
Incorporated in 1994, the company is engaged in the manufacturing of forging and graded casting machined components of tractors and other automobiles and is also engaged in power chucks, lathe chucks, drill chucks, and other machine tool accessories.
these supply to automobile industries in India and OEM industries. Its manufactured products have diverse applications for tractor, automobiles, material handling and earth moving equipment, railways, defense, machine tools, DIY industry, etc.
Sharp Chucks and Machines Limited also manufactures customized components as per customer-specific requirements and use, with a high degree of precision both in quality and time, and provides personalized services to its strong customer base in India and overseas.
As of the date of this draft prospectus, they have two manufacturing units in Jalandhar, consisting of three foundries with an installed capacity of 30000 MTPA, machining facilities consisting of VMC, CNC, and other machines with an installed capacity of 14400 MTPA, and one forging unit consisting of hammers, billiard heaters, etc. with an installed capacity of 3600 MTPA.
Company Key Metrics
| Earning Per Share (EPS) | ₹ 5.18 per Equity Share |
| Debt to Equity Ratio | 1.73 |
| ROE | 10.17% |
| ROCE | 11.00% |
| P/E (x) | 11.20 |
| Return on Net Worth (RoNW) | 9.68% |
Objects of the Issue,
- Funding of working capital requirements; and
- General corporate purposes.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 5,234.79 | 4,728.29 | 4,275.67 |
| Total Assets | 18,003.58 | 18,392.09 | 13,397.98 |
| Reserve & Surplus | 4,256.36 | 3,749.86 | 3,297.24 |
| Total Borrowings | 9,034.20 | 10,269.35 | 6,305.37 |
| Total Revenue | 17,931.45 | 15,252.23 | 13,583.11 |
| Profit After Tax | 506.50 | 452.62 | 330.96 |
IPO details
As per the DRHP filed with SEBI, 975,484 shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 148,000 shares of the offering. While FedEx Securities Pvt Ltd will be the lead manager for the IPO, Skyline Financial Services Private Ltd will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 58 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1,200 Shares |
| Issue Size | 2,904,000 shares (aggregating up to ₹ 16.84 crores) |
| Fresh Issue | 975,484 shares (aggregating up to ₹ 5.66 crores) |
| Offer for Sale | 1,928,516 shares (aggregating up to ₹ 11.19 crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker | Nikunj Stock Brokers |
| Market maker portion | 148,000 shares |
Shareholding Pattern
| Shareholding pre-issue | 9,784,308 |
| Shareholding post issue | 10,759,792 |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Others shares offered | 50% of the net offer |
| Retail shares offered | 50% of the net offer |
GMP: Sharp Chucks And Machines IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Sharp Chucks And Machines IPO
The issue opens for subscription on September 29, 2023, and closes for subscription on October 4, 2023 (both days inclusive). The basis of allotment will be finalised on October 9, 2023, and the refunds will be initiated on October 10, 2023. In addition, the demat credits are expected to happen on October 11, 2023, and the stock will be listed on the NSE SME on October 12, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | September 29, 2023 |
| Closing Date | October 4, 2023 |
| Basis of Allotment | October 9, 2023 |
| Initiation of Refunds | October 10, 2023 |
| A credit of shares to Demat A/c | October 11, 2023 |
| Listing Date | October 12, 2023 |
Lot Size
The lot size of the Sharp Chucks And Machines IPO is 1,200 shares. A retail-individual investor can apply for up to 2 lots, i.e. 2,400 shares of ₹ 139,200.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,200 | ₹ 69,600 |
| Retail (Maximum) | 2 | 2,400 | ₹ 139,200 |
| HNI (Minimum) | 3 | 3,600 | ₹ 208,800 |
Promoters Holdings
Mr. Ajay Sikka and Ms. Gopika Sikka are the promoters of the company.
| Pre-issue Shares Holdings | 80.28% |
| Post-issue Shares Holdings | 73.00% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Sharp Chucks And Machines Limited A-12 Industrial Development Colony Jalandhar – 144012 Phone: +0181 -2610341 Email: cs@sharpchucks.com Website: https://sharpchucks.com/index.html |
| IPO Registrar | Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
| IPO Lead Manager(s) | FedEx Securities Pvt Ltd |
FAQs
What are Sharp Chucks And Machines’s IPO price?
The Sharp Chucks And Machines IPO price is ₹ 58 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Sharp Chucks And Machines IPO contains 1200 shares of ₹ 69,600.
When will the Sharp Chucks And Machines IPO allotment be available?
The finalisation of the basis of allotment for the Sharp Chucks And Machines IPO will be done on October 9, 2023, and the allotted shares will be credited to your demat account by October 11, 2023. Check the Sharp Chucks And Machines IPO allotment status.
When will the Sharp Chucks And Machines IPO be listed on exchanges?
The Sharp Chucks And Machines IPO shares listing date is October 12, 2023.
