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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 Sharp Chucks And Machines IPO was finalized on Monday, October 9, 2023. The shares got listed on NSE SME on 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.
| IPO Date | September 29, 2023 to October 5, 2023 |
| Listing Date | October 12, 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 offers 2,904,000 shares. 1,378,000 (47.45%) to NII, 1,378,000 (47.45%) to RII.
| 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 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 |
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 | |||
Mr. Ajay Sikka and Ms. Gopika Sikka are the company's promoters.
| Share Holding Pre Issue | 80.28% |
| Share Holding Post Issue | 73.00% |
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:
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.
| 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 |
The market capitalization of Sharp Chucks And Machines IPO is Rs 62.41 Cr.
| KPI | Values |
|---|---|
| ROE | 10.17% |
| ROCE | 11.00% |
| Debt/Equity | 1.73 |
| RoNW | 9.68% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.18 | |
| P/E (x) | 11.2 | 12.31 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[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...
The Sharp Chucks And Machines IPO is subscribed 54.20 times on October 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)
| Listing Date | October 12, 2023 |
| BSE Script Code | |
| NSE Symbol | SCML |
| ISIN | INE460Q01014 |
| Final Issue Price | ₹58 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹58.00 |
| ₹66.00 |
| ₹63.00 |
| ₹69.00 |
| ₹65.05 |
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
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Sharp Chucks And Machines IPO is a SME IPO of 2,904,000 equity shares of the face value of ₹10 aggregating up to ₹16.84 Crores. The issue is priced at ₹58 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 29, 2023, and closes on October 5, 2023.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sharp Chucks And Machines IPO using UPI as a payment gateway. Zerodha customers can apply in Sharp Chucks And Machines IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sharp Chucks And Machines IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sharp Chucks And Machines IPO opens on September 29, 2023 and closes on October 5, 2023.
Sharp Chucks And Machines IPO lot size is 2000 Shares, and the minimum amount required is ₹116,000.
You can apply in Sharp Chucks And Machines IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sharp Chucks And Machines IPO will be done on Monday, October 9, 2023, and the allotted shares will be credited to your demat account by Wednesday, October 11, 2023. Check the Sharp Chucks And Machines IPO allotment status.
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