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Sharp Chucks And Machines IPO Detail 2023

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 Ratio1.73
ROE10.17%
ROCE11.00%
P/E (x)11.20
Return on Net Worth (RoNW)9.68%

Objects of the Issue,

  1. Funding of working capital requirements; and
  2. General corporate purposes.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21
Net Worth5,234.794,728.294,275.67
Total Assets18,003.5818,392.0913,397.98
Reserve & Surplus4,256.363,749.863,297.24
Total Borrowings9,034.2010,269.356,305.37
Total Revenue17,931.4515,252.2313,583.11
Profit After Tax506.50452.62330.96
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 58 per share
Face Value₹ 10 per share
Market Lot1,200 Shares
Issue Size2,904,000 shares (aggregating up to ₹ 16.84 crores)
Fresh Issue975,484 shares (aggregating up to ₹ 5.66 crores)
Offer for Sale1,928,516 shares (aggregating up to ₹ 11.19 crores)
Listing AtNSE SME

Market Maker detail

Market makerNikunj Stock Brokers
Market maker portion148,000 shares

Shareholding Pattern

Shareholding pre-issue9,784,308
Shareholding post issue10,759,792

IPO Reservation

CategoriesNo. of shares offered
Others shares offered50% of the net offer
Retail shares offered50% 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 DateSeptember 29, 2023
Closing DateOctober 4, 2023
Basis of AllotmentOctober 9, 2023
Initiation of RefundsOctober 10, 2023
A credit of shares to Demat A/cOctober 11, 2023
Listing DateOctober 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)11,200₹ 69,600
Retail (Maximum)22,400₹ 139,200
HNI (Minimum)33,600₹ 208,800

Promoters Holdings 

Mr. Ajay Sikka and Ms. Gopika Sikka are the promoters of the company.

Pre-issue Shares Holdings80.28%
Post-issue Shares Holdings73.00%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationSharp Chucks And Machines Limited
A-12 Industrial Development Colony Jalandhar – 144012
Phone: +0181 -2610341
Email: [email protected]
Website: https://sharpchucks.com/index.html
IPO RegistrarSkyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
IPO Lead Manager(s)FedEx Securities Pvt Ltd

FAQs

The Sharp Chucks And Machines IPO price is ₹ 58 per share.

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.

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.

The Sharp Chucks And Machines IPO shares listing date is October 12, 2023.

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