Sharp Chucks And Machines IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Oct 05, 2023Let’s have a detailed review of the company and analytics of the Sharp Chucks And Machines IPO release date, IPO offer price, subscription, Sharp Chucks And Machines Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 58 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | October 12, 2023 |
| Offer for Sale | Rs 1,119 Lakh |
| Fresh Issue | Rs 566 Lakh |
| IPO Size | Rs 1,684 Lakh |
| Tick Size | 1 |
Sharp Chucks And Machines IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Sharp Chucks And Machines Share Price |
Sharp Chucks And Machines IPO – Summary
Their Company was originally incorporated in Jalandhar, Punjab as “Sharp Garden Implements Private Limited”, a private company under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 10, 1994, issued by the Registrar of Companies, Punjab, H.P & Chandigarh.
Subsequently, the name of their Company was changed to “Sharp Chucks and Machines Private Limited” A certificate of incorporation pursuant to the change of name dated October 09, 1995, was issued by Registrar of Companies, Punjab, H.P & Chandigarh.
The Promoter of this company is AJAY SIKKA AND GOPIKA SIKKA. The lead manager of the issue is FEDEX SECURITIES PRIVATE LIMITED, and the Registrar of this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
Sharp Chucks And Machines IPO Date
The opening and closing dates of Sharp Chucks And Machines IPO are September 29, 2023, and October 5, 2023, respectively.
Sharp Chucks And Machines IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 29th Sep | 0.22x | 1.81x | 1.02x |
| 2nd Day – 3rd Oct | 1.77x | 11.97x | 6.87x |
| 3rd Day – 4th Oct | 3.99x | 25.16x | 14.58x |
| 4th Day – 5th Oct | 5.89x | 33.15x | 19.52x |
| Shares Offered or Net Issue | 1,378,000 | 1,378,000 | 2,904,000 |
The shares subscribed by the public will be updated here.
Sharp Chucks And Machines IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Sharp Chucks And Machines Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | October 09, 2023 |
| Refunds Initiation | October 10, 2023 |
| Credit of Shares to Demat Account | October 11, 2023 |
| Share Listing Date | October 12, 2023 |
Sharp Chucks And Machines IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.58
Sharp Chucks And Machines IPO Equity Size
This Initial Public Issue of 2,904,000 Equity Shares of Rs.10 each for cash at a price of Rs.58 per equity share aggregating to Rs.1,684 Lakh.
Sharp Chucks And Machines IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 975,484 Equity Shares of Rs.10/ each.
Issue Size: 2,904,000 Equity Shares of Rs.10 each, aggregating to Rs.1,684 Lakh
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Sharp Chucks And Machines IPO – Live Performance
The listing date of this IPO is October 12, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Sharp Chucks And Machines Share Price |
Sharp Chucks And Machines IPO Grey Market Premium
The Sharp Chucks And Machines Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Sharp Chucks And Machines IPO – Company Overview
They started their manufacturing operations in the year 1994 with their first manufacturing plant set up in Jalandhar. Their Company is promoted and managed by their Managing Director and Promoter, Ajay Sikka who has been instrumental in the growth of their Company.
They believe they are one of the few integrated companies to have the capability to manufacture forging products, casting products and machined components, that finds their application in diverse industry, such as tractor, automobiles, material handling & earth moving equipment, railways, defence, machine tools, DIY industry, etc.
Also, they manufacture these products from their Manufacturing Units (as defined below) ensuring conformity with the international standards. They believe, their manufacturing facilities have advanced technologies to develop and manufacture the products that meet the stringent quality control requirements of their customer.
Sharp Chucks And Machines IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 18,003.58 | 18,392.09 | 13,397.98 |
| *Total Revenue | 17,931.45 | 15,252.23 | 13,583.11 |
| Total Expense | 17,214.72 | 14,611.53 | 13,112.21 |
| Profit After Tax | 506.50 | 452.62 | 330.96 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 5.18 | 4.63 | 3.38 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 506.50 Lakh, Rs. 452.62 Lakh and Rs. 330.96 Lakh respectively.
Sharp Chucks And Machines IPO – Promoters
The Promoter of this company is:
- AJAY SIKKA
- GOPIKA SIKKA
List of Related Parties (Key Managerial Personnel)
- Ajay Sikka, Managing Director and Chairman
- Gopika Sikka, Whole-time Director and Chief Financial Officer
- Avinash Joshi, Non-Executive Director
- Rahul Sharma, Non-Executive Director
Sharp Chucks And Machines IPO – Promoters Holding
- Pre-Issue Share Holding – 80.28%
- Post-Issue Share Holding – 73.00%
Sharp Chucks And Machines IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 29,04,000 Equity Shares aggregating up to Rs.1,684.32 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,48,000 Equity Shares aggregating up to Rs.85.84 Lakh |
| Net Issue to the Public | Up to 27,56,000 Equity Shares aggregating up to Rs.1,598.48 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 13,78,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 13,78,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 97,84,308 Equity Shares |
| Equity Shares outstanding after the Issue | 1,07,59,792 Equity Shares |
Sharp Chucks And Machines IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding their working capital requirements; and
- General corporate purposes
Sharp Chucks And Machines IPO – Business Strategy
- Continue to add to the product portfolio by introducing new designs
- Expand their customer base
- Utilization of existing installed capacity
- Continuing focus on improving operational efficiency
- Continue to enhance their core strengths by attracting, retaining and training qualified personnel
Sharp Chucks And Machines IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- In-house manufacturing facilities and Machining Centre
- Wide product range and customized product offering
- Vast Experience of Promoters
- Customer Diversification
- Effective quality control checks
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 5.18 | 9.68 | 53.50 |
| 31-Mar-22 | 4.63 | 9.57 | 48.33 |
| Mar-21 | 3.38 | 7.74 | – |
Sharp Chucks And Machines IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Sharp Chucks And Machines Limited | 10 | 11.20 | 5.18 | 9.68% | 17,931.45 |
| Listed Peers | |||||
| Pritika Engineering Components Limited | 10 | 18.79 | 3.78 | 11.96% | 8244.80 |
| Nelcast Limited | 2 | 42.88 | 3.42 | 6.35% | 1,28,011.84 |
| Bhagwati Autocast Limited | 10 | 21.07 | 26.80 | 22.43% | 15,422.09 |
Sharp Chucks And Machines IPO Lead Managers
| Lead Managers |
| FEDEX SECURITIES PRIVATE LIMITED B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle – [East], Mumbai – 400 057, Maharashtra, India. Tel No.: +91 81049 85249 E-mail: mb@fedsec.in Website: www.fedsec.in Contact Person: Saipan Sanghvi SEBI Registration Number: INM000010163 Investor Grievance E-Mail: mb@fedsec.in |
Sharp Chucks And Machines IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D-153 A, 1st Floor Okhla Industrial Area, Phase – I, New Delhi – 110020, Delhi, India Tel No.: 011-40450193-97 Email: ipo@skylinerta.com Website: www.skylinerta.com Contact Person: Anuj Rana SEBI Registration No.: INR000003241 |
Sharp Chucks And Machines IPO – Other Details
- Statutory Auditor – M/s Sharp & Tannan, Chartered Accountants
- Legal Counsel to the Company – M V Kini Law Firm
- Bankers to the Company – Canara Bank and Kotak Mahindra Bank Limited
Sharp Chucks And Machines IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Sharp Chucks And Machines Limited IPO News
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News 2 – IPO RHP Prospectus Download
Sharp Chucks And Machines IPO Review FAQs
Check out various FAQs related to Sharp Chucks And Machines IPO:
What is the Issue Size of Sharp Chucks And Machines IPO?
The Company is making an initial public offer of 2,904,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Sharp Chucks And Machines IPO?
The price band for this particular IPO ranges between Rs 58. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Sharp Chucks And Machines IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on September 29, 2023, while the closing date is set for October 5, 2023.
What is the Sharp Chucks And Machines IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on October 09, 2023, refund initiation is on October 10, 2023, credit of shares is on October 11, 2023, and share listing date is on October 12, 2023.
What is the Sharp Chucks IPO Listing Date?
Shares of this company shall be listed in the exchanges on October 12, 2023. The date, when the listing would be done, is stagnant on October 12, 2023.
Who is the Registrar of Sharp Chucks IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Sharp Chucks IPO?
Here are the promoters of this IPO – AJAY SIKKA AND GOPIKA SIKKA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Sharp Chucks IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Sharp Chucks And Machines IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Sharp Chucks And Machines Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 506.50, 2022 is 452.62, and 2021 is 330.96.
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