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Sharp Chucks IPO is a fixed price issue of ₹16.84 crores. The issue is a combination of fresh issue of 0.10 crore shares aggregating to ₹5.66 crores and offer for sale of 0.19 crore shares aggregating to ₹11.19 crores.
Sharp Chucks IPO bidding started from Sep 29, 2023 and ended on Oct 5, 2023. The allotment for Sharp Chucks IPO was finalized on Oct 9, 2023. The shares got listed on NSE SME on Oct 12, 2023.
Sharp Chucks IPO price is ₹58.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,16,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,32,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Sharp Chucks IPO RHP for detailed Information.
| IPO Date | September 29, 2023 to October 5, 2023 |
| Listing Date | October 12, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹58 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 29,04,000 shares (aggregating up to ₹16.84 Cr) |
| Reserved for Market Maker | 1,48,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.8584 Cr) |
| Fresh Issue (Ex Market Maker) | 8,27,484 shares (aggregating up to ₹4.80 Cr) |
| Offer for Sale | 19,28,516 shares of ₹10 (aggregating up to ₹11.19 Cr) |
| Net Offered to Public | 27,56,000 shares (aggregating up to ₹15.98 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 97,84,308 shares |
| Share Holding Post Issue | 1,07,59,792 shares |
Sharp Chucks And Machines IPO offers total 29,04,000 shares. Out of which 13,78,000 (47.45%) allocated to NII, 13,78,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,48,000 (5.10%) |
| NII (HNI) Shares Offered | 13,78,000 (47.45%) |
| Retail Shares Offered | 13,78,000 (47.45%) |
| Total Shares Offered | 29,04,000 (100.00%) |
Sharp Chucks IPO opens on September 29, 2023, and closes on October 5, 2023.
| IPO Open Date | Fri, Sep 29, 2023 |
| IPO Close Date | Thu, Oct 5, 2023 |
| Tentative Allotment | Mon, Oct 9, 2023 |
| Initiation of Refunds | Tue, Oct 10, 2023 |
| Credit of Shares to Demat | Wed, Oct 11, 2023 |
| Tentative Listing Date | Thu, Oct 12, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 5, 2023 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,16,000 |
| Retail (Max) | 1 | 2,000 | ₹1,16,000 |
| HNI (Min) | 2 | 4,000 | ₹2,32,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 IPO is ₹62.41 Cr.
| KPI | Values |
|---|---|
| ROE | 10.17% |
| ROCE | 11.00% |
| Debt/Equity | 1.73 |
| RoNW | 9.68% |
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...
| Listing Date | October 12, 2023 |
| BSE Script Code | |
| NSE Symbol | SCML |
| ISIN | INE460Q01014 |
| Final Issue Price | ₹58 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹58.00 |
| Open | ₹66.00 |
| Low | ₹63.00 |
| High | ₹69.00 |
| Last Trade | ₹65.05 |
Sharp Chucks & Machines Ltd.
A-12
Industrial Development Colony
Jalandhar, Punjab, 144012
Phone: +0181 -2610341
Email: cs@sharpchucks.com
Website: https://sharpchucks.com/index.html
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Sharp Chucks IPO is a SME IPO of 29,04,000 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.
The IPO opens on September 29, 2023, and closes on October 5, 2023.
Skyline Financial Services Pvt.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 IPO using UPI as a payment gateway. Zerodha customers can apply in Sharp Chucks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sharp Chucks IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sharp Chucks IPO opens on September 29, 2023 and closes on October 5, 2023.
Sharp Chucks IPO lot size is 2000, and the minimum amount required for application is ₹1,16,000.
You can apply in Sharp Chucks IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sharp Chucks 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 IPO allotment status.
The Sharp Chucks IPO listing date is on Thursday, October 12, 2023.
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