Sharp Chucks And Machines IPO will open for subscription from 29 September 2023. The company aims for an issue size of ₹16.84 Cr through this IPO.
Company Overview
| Full name | Sharp Chucks And Machines Limited |
| Sector | Automobile & Ancillaries |
| Industry | Castings/Forgings |
| Company Website | https://www.sharpchucks.com/ |
About Company
Incorporated in 1994, Sharp Chucks and Machines has integrated capabilities to manufacture forging products, casting products, and machined components, that are used in tractors, automobiles, material handling & earth moving equipment, railways, defense, machine tools, DIY industry, etc. As of 30 June 2023, the company had 2 manufacturing units in Jalandhar consisting of three foundries having installed capacity of 30,000 MTPA and machining facilities consisting of VMC, CNC and other machineries having installed capacity of 14,400 MTPA and one forging unit consisting of hammers, billiard heaters etc having installed capacity of 3,600 MTPA.
Sharp Chucks and Machines has been exporting since incorporation and currently supplies its products to countries such as the USA, Russia, Italy, Germany, Sweden, Venezuela, and Croatia., etc. The revenue contribution from the top 5 customers is INR 74.36 crore, INR 93.11 crore, INR 100.02 crore, and INR 107.92 crore contributing 65.45%, 68.55%, 65.68%, and 86.00%, for FY 2020, 2021, 2022 and for the nine period ended 31 December 2022, respectively.
The Objectives of the Issue
- Funding of working capital requirements; and
- General corporate purposes.
Sharp Chucks And Machines IPO Timetable
| IPO Opening date | 29 September 2023 |
| IPO Closing | 04 October 2023 |
| Basis of Allotment | 09 October 2023 |
| Initiation Refund | 10 October 2023 |
| Credit to Demat Account | 11 October 2023 |
| Listing Date | 12 October 2023 |
Sharp Chucks And Machines IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹16.84 Cr – 2,904,000 shares |
| Fresh Issue | ₹5.66 Cr – 975,484 shares |
| Offer for sale | ₹11.19 Cr – 1,928,516 shares |
| Face value | ₹10 per share |
| Offer Price | ₹58 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 148,000 shares |
| Shareholding pre-issue | 9,784,308 |
| Shareholding post-issue | 10,759,792 |
| Listing Exchange | NSE SME |
Sharp Chucks And Machines IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹69,600 |
| Retail (Max) | 2 | 2400 | ₹139,200 |
| HNI (Min) | 3 | 3,600 | ₹208,800 |
Sharp Chucks And Machines IPO Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Sharp Chucks And Machines Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 135.46 | 151.91 | 176.45 |
| Expenses | 131.12 | 146.12 | 172.15 |
| Net income | 3.31 | 4.53 | 5.07 |
Sharp Chucks And Machines Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.38 | 4.63 | 5.18 |
| PE ratio | – | – | 11.20 |
| RONW (%) | 7.72 | 9.55 | 9.68 |
| NAV | – | 48.45 | 53.50 |
| ROCE (%) | 10.51 | 8.67 | 11.00 |
| EBITDA (%) | 10.87 | 11.26 | 10.50 |
| Debt/Equity | 1.47 | 2.17 | 1.73 |
Sharp Chucks And Machines Company Promoters
- Mr. Ajay Sikka
- Ms. Gopika Sikka
Promoter Holding
| Pre Issue Share Holding | 80.28% |
| Post Issue Share Holding | 73% |
Sharp Chucks And Machines IPO Lead Manager(s)
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email: mb@fedsec.in
Website: www.fedsec.in
Sharp Chucks And Machines Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri East, Mumbai – 400 072, Maharashtra
Phone: +91 22 2851 1022
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Sharp Chucks And Machines Contact Details
SHARP CHUCKS AND MACHINES LIMITED
A-12 Industrial Development Colony Jalandhar – 144012, Punjab, India
Phone: +0181 -2610341 / 0181- 2611763
E-mail: cs@sharpchucks.com
Website: www.sharpchucks.com
Sharp Chucks And Machines IPO Allotment Status
Sharp Chucks IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Final thoughts
Sharp Chucks And Machines IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
