Sharp Chucks And Machines IPO is a fixed price issue of Rs 16.84 crores. The issue is a combination of fresh issue of 9.75 lakh shares aggregating to Rs 5.66 crores and offer for sale of 19.29 lakh shares aggregating to Rs 11.19 crores.
Sharp Chucks And Machines IPO bidding started from September 29, 2023 and ended on October 5, 2023. The allotment for the Sharp Chucks And Machines IPO is expected to be finalized on Monday, October 9, 2023. Sharp Chucks And Machines IPO will list on NSE SME with tentative listing date fixed as Thursday, October 12, 2023.
Sharp Chucks And Machines IPO price is ₹58 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹116,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹232,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Sharp Chucks And Machines IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Sharp Chucks And Machines IPO is Nikunj Stock Brokers.
Refer to Sharp Chucks And Machines IPO RHP for detailed information.
Sharp Chucks And Machines IPO Details
| IPO Date | September 29, 2023 to October 5, 2023 |
| Listing Date | [12 OCTOMBER 2023] |
| Face Value | ₹ 10 per share |
| Price | ₹58 per share |
| Lot Size | 2000 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 Nikunj Stock Brokers |
Sharp Chucks And Machines IPO Reservation
Sharp Chucks And Machines IPO a total of 2,904,000 shares are offered. NII: 1,378,000 (47.45%), RII: 1,378,000 (47.45%).
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 148,000 (5.10%) |
| Other Shares Offered | 1,378,000 (47.45%) |
| Retail Shares Offered | 1,378,000 (47.45%) |
| Total Shares Offered | 2,904,000 (100%) |
Sharp Chucks And Machines IPO Timeline (Tentative Schedule)
Sharp Chucks And Machines IPO opens on September 29, 2023, and closes on October 5, 2023.
| IPO Open Date | Friday, September 29, 2023 |
| IPO Close Date | Thursday, October 5, 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 5, 2023 |
Sharp Chucks And Machines IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹116,000 |
| Retail (Max) | 1 | 2000 | ₹116,000 |
| HNI (Min) | 2 | 4,000 | ₹232,000 |
| Lot Size Calculator |
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% |
About Sharp Chucks And Machines Limited
Incorporated in 1994, Sharp Chucks and Machines Limited is engaged in the manufacturing of forging and graded casting machined components of tractors and other automobiles, as well as power chucks, lathe chucks, drill chucks, and other machine tool accessories for tractors, automobiles, material handling & earth moving equipment, railways, defense, machine tools, the DIY industry, and so on.
The company’s product portfolio includes:
- Forging products: This includes Gear, Dog Clutch, Scaffolding, C Clamp Spanner, Wrench Axe, Ball Pein Hammer, Cross Pein Hammer, Machinist Hammer, Sledge Hammer, Splitting Maul, Stoning Hammer Hatchet, Combination Spanner, Splitting Axe, Splitting Wedge, Fireman Axe, Michigan Axe, Hunter Axe, Drilling Hammer, Claw Hammer, Camp Axe, Single Bit Axe.
- Casting products: This includes Brake Housing, Piston Trumpet Housing, Wheel Hub Kit, Rear Cover, Bell Housing, Front Axel Braket, Gear Box, B.P Shaft Carrier, Brake Drum, Front Axel Housing, Lift Arm, Ram Cylinder, Rear Turnion, Planetary Carrier, TP Carrier, Cage, Steering Arm, Lift Housing, PTO Housing, Fly Wheel, Gear Casing, Cylinder Block, Plannet Carrier M Star, Support Front Axle, Plate Input Retainer, Temper Head.
- Machine components: This includes Power Chucks, Lathe Chucks, Drill Chucks, and Machine Tools Accessories.
The company has two manufacturing units located in Jalandhar consisting of three foundries having an installed capacity of 30000 MTPA and Machining facilities consisting of VMC, CNC, and other machinery having an installed capacity of 14400 MTPA, and one forging unit consisting of hammers, billiard heaters, etc. having installed capacity of 3600 MTPA.
Company Financials
| 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 |
Amount in ₹ Lakhs
Key Performance Indicator
Sharp Chucks And Machines IPO Market Cap is Rs 62.41 Cr and P/E (x) is 11.2.
| KPI | Values |
|---|---|
| P/E (x) | 11.2 |
| Post P/E (x) | 12.31 |
| Market Cap (₹ Cr.) | 62.41 |
| ROE | 10.17% |
| ROCE | 11.00% |
| Debt/Equity | 1.73 |
| EPS (Rs) | 5.18 |
| RoNW | 9.68% |
Check Sharp Chucks And Machines IPO Peer Comparison here.
Objects of the Issue (Sharp Chucks And Machines IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding of working capital requirements; and
- General corporate purposes.
Sharp Chucks And Machines IPO Review (Apply)
[Dilip Davda] The company is in the manufacturing of forging products, casting products, and machined components. It has posted steady growth in its top and bottom lines for the reported periods. The issue appears fairly priced based on its FY23 earnings. Investors may park funds for medium to long-term rewards. Read detail review…
Sharp Chucks And Machines IPO Subscription Status (Bidding Detail)
The Sharp Chucks And Machines IPO is subscribed 54.20 times on Oct 5, 2023 7:29:00 PM. The public issue subscribed 63.69 times in the retail category, times in the QIB category, and 38.76 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 38.76 |
| Retail | 63.69 |
| Total | 54.20 |
Total Application : 43,885 (63.69 times)
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