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.
Sharp Chucks And Machines IPO – Details
| IPO Opening Date | 29 September 2023 |
| IPO Closing Date | 05 October 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 29,04,000 Shares Worth ₹16.84 Crore Fresh Issue: 9,75,484 Shares Worth ₹5.66 Crore Offer For Sale: 19,28,516 Shares Worth ₹11.19 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹58 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Sharp Chucks And Machines IPO – Date Schedule
| IPO Open Date | 29 September 2023 |
| IPO Close Date | 05 October 2023 |
| Basis of Allotment | 10 October 2023 |
| Initiation of Refund | 11 October 2023 |
| Credit of Shares to Demat Account | 12 October 2023 |
| IPO Listing Date | 13 October 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Oct 05, 2023 |
Sharp Chucks And Machines IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,16,000 |
| Retail (Maximum) | 1 | 2000 | 1,16,000 |
| HNI (Minimum) | 2 | 4000 | 2,32,000 |
Competitive Strengths
- In-house manufacturing facilities and Machining Centre.
- Wide product range and customized product offering.
- Vast Experience of Promoters.
- Customer Diversification.
- Effective quality control checks.
Company Promoters
- Ajay Sikka
- Gopika Sikka
Object Of The Issue
- Funding the Working Capital requirements.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 135.83 | 131.12 | 3.31 | 63.05 |
| 31 March 2022 | 152.52 | 146.12 | 4.53 | 102.69 |
| 31 March 2023 | 179.31 | 172.15 | 5.06 | 90.34 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 11.20 |
| ROE | 10.17 |
| ROCE | 11.00 |
| Debt/Equity | 1.73 |
| EPS (Rs) | 5.18 |
| RoNW | 9.68 |
Sharp Chucks And Machines IPO Promoter Holding
| Pre Issue Share Holding | 80.28% |
| Post Issue Share Holding | 73.00% |
Sharp Chucks And Machines IPO Prospectus
- Sharp Chucks And Machines IPO DRHP
- Sharp Chucks And Machines IPO RHP
Company 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 Registrar
| 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(s)
| 1. Fedex Securities Pvt Ltd |
Sharp Chucks And Machines IPO FAQs
| What is Sharp Chucks And Machines IPO? Sharp Chucks And Machines IPO is a SME IPO. The issue is priced at ₹58 per equity share. The IPO is to be listed on NSE SME. |
| When Sharp Chucks And Machines IPO will open? The IPO is to open on 29 September 2023 for Other – 50% and Retail – 50% Investors. |
| How to Sharp Chucks And Machines IPO? You can apply Sharp Chucks And Machines IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Sharp Chucks And Machines IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sharp Chucks And Machines”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Sharp Chucks And Machines IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sharp Chucks And Machines”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Sharp Chucks And Machines IPO Size? Sharp Chucks And Machines IPO size is ₹16.84 crores. |
| What is Sharp Chucks And Machines IPO Price Band? Sharp Chucks And Machines IPO Price Band is ₹58. |
| What is Sharp Chucks And Machines IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,16,000 amount while the maximum bid is 2000 shares with ₹1,16,000. |
| What is the Sharp Chucks And Machines IPO Allotment Date? Sharp Chucks And Machines IPO allotment date is 10 October 2023. |
| What is the Sharp Chucks And Machines IPO Listing Date? Sharp Chucks And Machines IPO listing date is 13 October 2023. The IPO is to list on NSE SME. |
