Fixed Price IPO | ₹17 Cr | Listed at NSE SME | Fri, Sep 29, 2023 - Thu, Oct 5, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 29, 2023
IPO Close
Thu, Oct 5, 2023
Issue Price
₹58 per share
Market Cap (Pre-IPO)
₹62.41 Cr
| IPO Date | 29 Sep to 5 Oct, 2023 |
| Listed on | Thu, Oct 12, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹58 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 29,04,000 shares (agg. up to ₹17 Cr) |
| Reserved for Market Maker | 1,48,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.8584 Cr) |
| Fresh Issue (Ex Market Maker) | 8,27,484 shares (agg. up to ₹5 Cr) |
| Offer for Sale | 19,28,516 shares of ₹10 (agg. up to ₹11 Cr) |
| Net Offered to Public | 27,56,000 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 97,84,308 shares |
| Share Holding Post Issue | 1,07,59,792 shares |
| NSE Symbol | SCML |
| ISIN | INE460Q01014 |
Sharp Chucks IPO comprises a total issue size of 29,04,000 shares. The net offer to the public is 27,56,000 shares, after excluding 1,48,000 shares allotted on a firm basis. Of the Net offer 13,78,000 (50.00%) allocated to NII 13,78,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,78,000 | 50.00% | 47.45% |
| Retail Shares Offered | 13,78,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,48,000 | 5.10% | |
| Total Shares Offered | 29,04,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 180.04 | 183.92 | 133.98 |
| Total Income | 179.31 | 152.52 | 135.83 |
| Profit After Tax | 5.07 | 4.53 | 3.31 |
| NET Worth | 52.35 | 47.28 | 42.76 |
| Reserves and Surplus | 42.56 | 37.50 | 32.97 |
| Total Borrowing | 90.34 | 102.69 | 63.05 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements; and | 2.67 |
| 2 | General corporate purposes | 0.39 |
| KPI | |
|---|---|
| ROE | 10.17% |
| ROCE | 11.00% |
| Debt/Equity | 1.73 |
| RoNW | 9.68% |
| PAT Margin | 2.87% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.18 | |
| P/E (x) | 11.2 | 12.31 |
| Promoter Holding | 80.28% | 73.00% |
| Market Cap | ₹62.41 Cr. |
The Sharp Chucks And Machines IPO is subscribed 54.2 times on October 5, 2023 7:29:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 38.76 | 13,78,000 | 5,34,10,000 |
| Retail | 63.69 | 13,78,000 | 8,77,70,000 |
| Total | 54.2 | 27,56,000 | 14,93,78,000 |
Total Application : 43,885
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees | 0.18 |
| 2 | Fees payable to Registrar, Legal and Other Advisory Services, Advertising and marketing Expenses, Printing and Distribution of issue stationery, Brokerage, Selling, Commission and upload fees | 0.20 |
| 3 | Regulators including Stock Exchange | 0.08 |
| 4 | Others, if any (including Underwriting Commission, Market making, advisory fees, depositories, marketing fees etc.) | 2.14 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹58.00 |
| Open | ₹66.00 |
| Low | ₹63.00 |
| High | ₹69.00 |
| Last Trade | ₹65.05 |
Lead Manager Reports
Sharp Chucks IPO is a SME IPO of 29,04,000 equity shares of the face value of ₹10 aggregating up to ₹17 Crores. The issue is priced at ₹58 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Sep 29, 2023, and closes on Thu, Oct 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 Fri, Sep 29, 2023 and closes on Thu, Oct 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 Wed, Oct 11, 2023. Check the Sharp Chucks IPO allotment status.
The Sharp Chucks IPO listing date is on Thu, Oct 12, 2023.
