Sharp Chucks And Machines IPO Date, Price, Subscription, Allotment, Listing Details
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Sharp Chucks and Machines Limited, Founded in 1994, is a manufacturer specializing in the production of forged and graded casting machined components for tractors, automobiles, and various other industries. They also manufacture power chucks, lathe chucks, drill chucks, and machine tool accessories. Their diverse product range serves applications in tractors, automobiles, material handling, earth-moving equipment, railways, defense, machine tools, and the DIY industry.
The company’s product portfolio includes:
- Forging Products: This category encompasses an array of products like gears, dog clutches, scaffolding, C clamp spanners, wrenches, axes, hammers (ball pein, cross pein, machinist, sledge, splitting maul, stoning hammer, hatchet), combination spanners, splitting axes, splitting wedges, fireman axes, Michigan axes, hunter axes, drilling hammers, claw hammers, camp axes, and single-bit axes.
- Casting Products: This category includes items such as brake housings, piston trumpet housings, wheel hub kits, rear covers, bell housings, front axle brackets, gearboxes, B.P shaft carriers, brake drums, front axle housings, lift arms, ram cylinders, rear turnions, planetary carriers, TP carriers, cages, steering arms, lift housings, PTO housings, flywheels, gear casings, cylinder blocks, planetary carrier M stars, support front axles, plate input retainers, and temper heads.
- Machine Components: Sharp Chucks and Machines Limited manufactures power chucks, lathe chucks, drill chucks, and various machine tool accessories.
The company operates two manufacturing units located in Jalandhar. These facilities consist of three foundries with a combined installed capacity of 30,000 metric tons per annum and machining facilities equipped with VMC, CNC, and other machinery, boasting an installed capacity of 14,400 metric tons per annum. Additionally, they have a forging unit that includes hammers and billiard heaters, with an installed capacity of 3,600 metric tons per annum.
Objects of the Issue (Sharp Chucks And Machines IPO Objectives)
The company plans to use the funds raised from the IPO for the following purposes:
- Meeting working capital needs.
- General corporate purposes.
Sharp Chucks And Machines IPO Details
The Sharp Chucks And Machines IPO is a fixed price offering valued at Rs 16.84 crores. This comprises two components: a fresh issue of 9.75 lakh shares, amounting to Rs 5.66 crores, and an offer for sale of 19.29 lakh shares, totaling Rs 11.19 crores.
IPO Date | September 29, 2023 to October 4, 2023 |
Listing Date | October 12, 2023 |
Face Value | ₹10 per share |
Price | ₹58 per share |
Lot Size | 1200 Shares |
Total Issue Size | 2,904,000 shares (aggregating up to ₹16.84 Cr) |
Fresh Issue | 975,484 shares (aggregating up to ₹5.66 Cr) |
Offer for Sale | 1,928,516 shares of ₹10 (aggregating up to ₹11.19 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 9,784,308 |
Share holding post issue | 10,759,792 |
Market Maker portion | 148,000 shares |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Sharp Chucks And Machines IPO Reservation
Other Shares Offered | 50% of the net offer |
Retail Shares Offered | 50% of the net offer |
Sharp Chucks And Machines IPO Lot Size
Investors can bid for a minimum of 1200 shares, and they can increase their investment in multiples of 1200 shares. The table below outlines the minimum and maximum investment limits for retail investors and HNIs in terms of shares and amounts.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1200 | ₹69,600 |
Retail (Max) | 2 | 2400 | ₹139,200 |
HNI (Min) | 3 | 3,600 | ₹208,800 |
Sharp Chucks And Machines IPO Dates
Sharp Chucks And Machines IPO opens on September 29, 2023, and closes on October 4, 2023.
IPO Open Date | Friday, September 29, 2023 |
IPO Close Date | Wednesday, October 4, 2023 |
Basis of Allotment | Monday, October 9, 2023 |
Initiation of Refunds | Tuesday, October 10, 2023 |
Credit of Shares to Demat | Wednesday, October 11, 2023 |
Listing Date | Thursday, October 12, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on October 4, 2023 |
Sharp Chucks And Machines Limited Financial Report
Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
---|---|---|---|
Assets | 13,397.98 | 18,392.09 | 18,003.58 |
Revenue | 13,583.11 | 15,252.23 | 17,931.45 |
Profit After Tax | 330.96 | 452.62 | 506.50 |
Net Worth | 4,275.67 | 4,728.29 | 5,234.79 |
Reserves and Surplus | 3,297.24 | 3,749.86 | 4,256.36 |
Total Borrowing | 6,305.37 | 10,269.35 | 9,034.20 |
Key Performance Indicator of Sharp Chucks And Machines
KPI | Values |
---|---|
P/E (x) | 11.2 |
ROE | 10.17% |
ROCE | 11.00% |
Debt/Equity | 1.73 |
EPS (Rs) | 5.18 |
RoNW | 9.68% |
Sharp Chucks And Machines IPO Promoter Holding
Mr. Ajay Sikka and Ms. Gopika Sikka are the company’s promoters.
Share Holding Pre Issue | 80.28% |
Share Holding Post Issue | 73.00% |
Sharp Chucks And Machines IPO Contact Details
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
Sharp Chucks And Machines IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Sharp Chucks And Machines IPO FAQs
What is Sharp Chucks And Machines IPO?
The Sharp Chucks And Machines IPO is a SME IPO comprising 2,904,000 equity shares with a face value of ₹10, amounting to a total of ₹16.84 Crores. Each share is priced at ₹58. The minimum order quantity is 1200 Shares. The IPO is scheduled to open on September 29, 2023, and close on October 4, 2023.
Skyline Financial Services Private Ltd is the registrar for the IPO.
The shares are intended to be listed on NSE SME.
How can I apply for Sharp Chucks And Machines IPO through Zerodha?
If you are a Zerodha customer, you can apply for the Sharp Chucks And Machines IPO online using UPI as your payment gateway. Simply log in to Zerodha Console (back office) and complete the IPO application form by following these steps:
1. Visit the Zerodha website and log in to Console.
2. Go to Portfolio and select the IPOs link.
3. Find the ‘Sharp Chucks And Machines IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity of shares, and the Price you are willing to bid.
5. Submit the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When does the Sharp Chucks And Machines IPO open?
The Sharp Chucks And Machines IPO is scheduled to open on September 29, 2023, and will close on October 4, 2023.
What is the lot size for Sharp Chucks And Machines IPO?
The lot size for Sharp Chucks And Machines IPO is 1200 Shares, and the minimum investment amount required is ₹69,600.
How can I apply for Sharp Chucks And Machines IPO?
You can apply for the Sharp Chucks And Machines IPO online, using either UPI or ASBA as your payment method. ASBA IPO application can be accessed through the net banking portal of your bank account, while UPI IPO application is offered by brokers who do not provide banking services. For more details on how to apply, you can refer to the information provided by Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the allotment of Sharp Chucks And Machines IPO take place?
The finalization of the Basis of Allotment for the Sharp Chucks And Machines IPO is scheduled for Monday, October 9, 2023. The allotted shares will be credited to your demat account by Wednesday, October 11, 2023. You can check the status of the Sharp Chucks And Machines IPO allotment during this period.
When is the listing date for Sharp Chucks And Machines IPO?
The listing date for the Sharp Chucks And Machines IPO has not yet been announced. However, the tentative date for the listing is Thursday, October 12, 2023.