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Sharp Chucks And Machines Limited IPO Detail

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:

  1. 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.
  2. 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.
  3. 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 Sikka

IPO Details

IPO Opening DateSep 29, 2023
IPO Closing DateOct 05, 2023
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹58 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE 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 DateSep 29, 2023
IPO Close DateOct 05, 2023
Basis of Allotment DateOct 09, 2023
Initiation of RefundsOct 10, 2023
Credit of Shares to Demat AccountOct 11, 2023
IPO Listing DateOct 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹116000
Maximum12000₹116000

IPO Promoter Holding

Pre Issue Share Holding80.28%
Post Issue Share Holding73.00%

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:

  1. Funding of working capital requirements; and
  2. 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