Sharp Chucks And Machines Limited is preparing for its IPO, which is a fixed price issue with a total value of Rs 16.84 crores. This IPO includes a combination of 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.
The subscription period for the Sharp Chucks And Machines IPO is set to commence on September 29, 2023, and will conclude on October 4, 2023. The allotment of shares for this IPO is expected to be finalized on Monday, October 9, 2023. Sharp Chucks And Machines’ IPO is planned to be listed on the NSE SME platform, with a tentative listing date of Thursday, October 12, 2023.
The price per share for the Sharp Chucks And Machines IPO is ₹58, and the minimum lot size for an application is 1200 shares. Retail investors are required to invest a minimum of ₹69,600. For High Net Worth Individuals (HNI), the minimum lot size investment is 3 lots (3,600 shares), amounting to ₹208,800.
Fedex Securities Pvt Ltd is the designated book running lead manager for the Sharp Chucks And Machines IPO, while Skyline Financial Services Private Ltd is the appointed registrar for the issue. Nikunj Stock Brokers is the market maker for this IPO.
For comprehensive and detailed information, please refer to the Sharp Chucks And Machines IPO RHP (Red Herring Prospectus) once it is available.
Sharp Chucks And Machines IPO Details #
| IPO Date | September 29, 2023 to October 4, 2023 |
| Listing Date | [.] |
| 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 Nikunj Stock Brokers |
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 Timeline (Tentative Schedule) #
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 IPO Lot Size #
Investors can bid for a minimum of 1200 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 | 1200 | ₹69,600 |
| Retail (Max) | 2 | 2400 | ₹139,200 |
| HNI (Min) | 3 | 3,600 | ₹208,800 |
| 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 |
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 11.2 |
| ROE | 10.17% |
| ROCE | 11.00% |
| Debt/Equity | 1.73 |
| EPS (Rs) | 5.18 |
| RoNW |
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 Prospectus #
- Sharp Chucks And Machines IPO DRHP
- Sharp Chucks And Machines IPO RHP
Sharp Chucks And Machines Contact Details #
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 Lead Manager(s) #
FAQS #
What is the total value of the Sharp Chucks And Machines IPO? #
The Sharp Chucks And Machines IPO has a total value of Rs 16.84 crores, consisting of a fresh issue of 9.75 lakh shares and an offer for sale of 19.29 lakh shares.
When is the subscription period for the Sharp Chucks And Machines IPO? #
The subscription period for the Sharp Chucks And Machines IPO is scheduled to start on September 29, 2023, and close on October 4, 2023.
What is the price per share for the Sharp Chucks And Machines IPO? #
The price per share for the Sharp Chucks And Machines IPO is ₹58.
What is the minimum lot size for an application in the Sharp Chucks And Machines IPO? #
The minimum lot size for an application in the Sharp Chucks And Machines IPO is 1200 shares.
Who is the book running lead manager for the Sharp Chucks And Machines IPO? #
Fedex Securities Pvt Ltd is the designated book running lead manager for the Sharp Chucks And Machines IPO.
What are the objectives for which the company intends to utilize the net proceeds from the IPO? #
The company plans to utilize the net proceeds from the IPO for the following objectives:
Funding of working capital requirements.
General corporate purposes.
For more comprehensive details about the offering, including financial information and business details, investors are encouraged to refer to the IPO’s Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) once they become available.
