Listing Details
- Listing Exchange NSE SME
- Listing Date 12-Oct-23
- IPO Price Range ₹ 58
- Listing Price ₹ 66
- Listing Change 13.8%
- Last Traded Price ₹ 116.55
- Current Change 100.9%
Sharp Chucks and Machines IPO Details
- Open Date 29-Sep-23
- Close Date 05-Oct-23
- Lot Size 2000
- IPO Size ₹ 16.84 Cr
- IPO Price Range ₹ 58
- Min Investment ₹ 116000
- Listing Exchange NSE SME
- Basis of Allotment 10-Oct-23
- Refunds 11-Oct-23
- Credit to Demat Account 12-Oct-23
- Listing Date 13-Oct-23
Sharp Chucks and Machines IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 29-Sep-23 | - | 0.22 | 1.81 | 1.02 |
| 03-Oct-23 | - | 1.77 | 11.92 | 6.85 |
| 04-Oct-23 | - | 3.98 | 25.16 | 14.58 |
| 05-Oct-23 | - | 38.76 | 63.69 | 54.20 |
Sharp Chucks and Machines IPO Synopsis
Sharp Chucks and Machines Limited IPO is all set to open from 29th September to 4th October 2023. The company is involved in the business of forging and graded casting machined components of tractors and other automobiles. The IPO includes a fresh issue of 975,484 shares worth ₹5.66 cr. and an Offer-for-Sale (OFS) of 1,928,516 equity shares worth ₹11.19 cr. The total IPO size is ₹16.84 cr. The share allotment date is 9th October, and the IPO will be listed on 12th October, on the stock exchanges. The price band is ₹58 per share and the lot size is 2000 shares.
Fedex Securities Pvt Ltd is the book-running lead manager for this IPO, while Skyline Financial Services Private Ltd is the registrar.
Objectives of the Issue Sharp Chucks and Machines IPO
Sharp Chucks and Machines plans to utilize the raised capital from the IPO to:
● For working capital requirements.
● General corporate purpose.
About Sharp Chucks and Machines
Established in 1994, Sharp Chucks and Machines is involved in the business of forging and graded casting machined components of tractors and other automobiles. The company offers products under these three categories.
Forging Products: 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, and Single Bit Axe.
Casting Products: Includes Brake Housing, Piston Trumpet Housing, Wheel Hub Kit, Rear Cover, Bell Housing, Front Axel Bracket, 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, Planet Carrier M Star, Support Front Axle, Plate Input Retainer, and Temper Head.
Machine Components: Includes Power Chucks, Lathe Chucks, Drill Chucks, and Machine Tools Accessories.
The company operates from two manufacturing units located in Jalandhar, which consists of 3 foundries with a combined installed capacity of 30,000 MTPA. Additionally, it has machining facilities equipped with VMC, CNC machines, and other machinery, having an installed capacity of 14,400 MTPA.
Peer Comparison
● Pritika Engineering Components Limited
● Nelcast Limited
● Bhagwati Autocast Limited
Sharp Chucks and Machines Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | Dec 31, 2022 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 122.98 | 151.91 | 135.46 |
| EBITDA | 12.74 | 17.10 | 14.72 |
| PAT | 2.54 | 4.53 | 3.31 |
| Particulars (in Rs. Crores) | Dec 31, 2022 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 174.20 | 183.92 | 133.98 |
| Share Capital | 9.78 | 9.78 | 9.78 |
| Total Borrowings | 123.26 | 136.52 | 91.10 |
| Particulars (in Rs. Crores) | Dec 31, 2022 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 12.26 | 5.75 | 6.63 |
| Net cash from / (used in) investing activities | -12.84 | -13.62 | -10.38 |
| Net cash flow from / (used in) financing activities | -24.29 | 33.04 | 3.79 |
| Net increase (decrease) in cash and cash equivalents | -24.87 | 25.17 | 0.049 |
Sharp Chucks and Machines IPO Key Points
-
Strengths
1. The company has in-house manufacturing facilities and a machining center.
2. Wide product range and customized product offering.
3. Sell products both in the domestic as well as international markets.
4. Effective quality control checks.
5. Experienced promoters and stable business.
-
Risks
1. Heavily dependent on the performance of the tractor industry and automobile.
2. Subject to various operating risks at the factory.
3. Negative cash flows in the past.
4. Financing agreements impose certain restrictions on the operations.
5. Pricing pressure from customers.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Sharp Chucks and Machines IPO FAQs
What is the minimum lot size and investment required for the Sharp Chucks and Machines IPO?
The minimum lot size of Sharp Chucks IPO is 2000 shares and the investment required is ₹1,16,000.
What is the price band of Sharp Chucks IPO?
The price for Sharp Chucks IPO is ₹58 per share.
When does the Sharp Chucks and Machines IPO issue open and close?
Sharp Chucks and Machines IPO opens from 29th September to 4th October 2023.
What is the size of the Sharp Chucks and Machines IPO issue?
The size of Sharp Chucks and Machines IPO is ₹16.84 cr.
What is the allotment date of the Sharp Chucks and Machines IPO?
The share allotment date of Sharp Chucks IPO is 9th October 2023.
What is the Sharp Chucks and Machines IPO listing date?
The Sharp Chucks IPO will be listed on 12th October 2023.
Who are the book runners for the Sharp Chucks and Machines IPO?
Fedex Securities Pvt Ltd is the book-running lead manager for Sharp Chucks IPO.
What is the objective of the Sharp Chucks IPO?
Sharp Chucks and Machines plans to utilize the raised capital from the IPO to:
1. For working capital requirements.
2. General corporate purpose.
How to apply for the Sharp Chucks and Machines IPO?
To apply for Sharp Chucks IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Sharp Chucks and Machines IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Sharp Chucks and Machines IPO
Contact Information
Sharp Chucks And Machines Limited
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 Register
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
Fedex Securities Pvt Ltd