Sharp Chucks And Machines Limited IPO Detail
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 Promoters
Mr. Ajay Sikka and Ms. Gopika SikkaIPO Details
IPO Opening Date | Sep 29, 2023 |
IPO Closing Date | Oct 05, 2023 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹58 per equity share |
Market Lot | 2000 Shares |
Min Order Quantity | 2000 Shares |
Listing At | NSE SME |
Issue Size | ₹16.84 Cr |
Fresh Issue | ₹5.66 Cr |
Offer for Sale | ₹11.19 Cr |
Retail Portion | 50% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | - | - | 0.22x | 1.79x | 1.01x | |
Day 2 | - | - | 1.77x | 11.89x | 6.83x | |
Day 3 | - | - | 3.98x | 25.01x | 14.50x | |
Day 4 | - | - | 38.76x | 63.69x | 54.20x |
IPO Tentative Timetable
The Sharp Chucks And Machines Limited IPO open date is Sep 29, 2023, and the close date is Oct 05, 2023. The issue may list on Oct 12, 2023.
IPO Open Date | Sep 29, 2023 |
IPO Close Date | Oct 05, 2023 |
Basis of Allotment Date | Oct 09, 2023 |
Initiation of Refunds | Oct 10, 2023 |
Credit of Shares to Demat Account | Oct 11, 2023 |
IPO Listing Date | Oct 12, 2023 |
IPO Lot Size
The Sharp Chucks And Machines Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹116000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 2000 | ₹116000 |
Maximum | 1 | 2000 | ₹116000 |
IPO Promoter Holding
Pre Issue Share Holding | 80.28% |
Post Issue Share Holding | 73.00% |
Company Financials:
For the year/period ended (₹ in Lakhs)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-21 | 13397.98 | 13583.11 | 330.96 |
31-Mar-22 | 18392.09 | 15252.23 | 452.62 |
31-Mar-23 | 18003.58 | 17931.45 | 506.50 |
Objects of the Issue:
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 Limited IPO Registrar:
Skyline Financial Services Private Ltd
Sharp Chucks And Machines Limited IPO Lead Manager(s):
Fedex Securities Pvt Ltd
Company Contact Information:
Sharp Chucks And Machines Limited
A-12
Industrial Development Colony
Jalandhar - 144012