Sharp Chucks And Machines IPO Review, Dates, Price, Fundamentals: The fixed pricing Sharp Chucks And Machines IPO is for Rs 16.84 crores. The offering consists of a fresh 9.75 lakh share issue totaling Rs 5.66 crores and a 19.29 lakh share offer for sale totaling Rs 11.19 crores.
The IPO price for Sharp Chucks And Machines is 58 cents per share. 2000 Shares are the minimal lot size for an application. Retail investors must make an initial investment of at least 116,000. The minimum investment for HNI is 2 lots (4,000 shares), which works out to $232,000 minimum.
The subscription period for Sharp Chucks And Machines IPO begins on September 29, 2023, and ends on October 4, 2023. On Monday, October 9, 2023, the Sharp Chucks And Machines IPO’s allotment is anticipated to be completed. The tentative listing date for Sharp Chucks and Machines’ IPO, which will list on NSE SME, is set for Thursday, October 12, 2023.
The Sharp Chucks while Machines IPO’s registrar is Skyline Financial Services Private Ltd, while the book-running lead manager is Fedex Securities Pvt Ltd. Nikunj Stock Brokers is the market maker for Sharp Chucks And Machines IPO.
Sharp Chucks And Machines IPO Overview
| Sharp Chucks And Machines Limited Company Overview | |
|---|---|
| Company Name | Sharp Chucks And Machines Limited |
| IPO Opening Date | 29 September, 2023 |
| IPO Closing Date | 04 October, 2023 |
| Face Value | 10₹ Per Share |
| Share Price Range | 58₹ |
| Lot Size | 2000 Shares |
| GMP | Check Here |
| Issue Type | Fixed Price Issue IPO |
| Total IPO Issue Size | 2,904,000 Shares |
| Fresh Issue Size | 975,484 Shares |
| IPO Listing At | NSE SME |
| Share Holding Pre Issue | 9,784,308 |
| Share Holding Post Issue | 10,759,792 |
| More IPO’s | Check Here |
Sharp Chucks And Machines IPO Lot Size
| Sharp Chucks And Machines Limited IPO Lot Size | |
|---|---|
| Minimum Retail Applications | 01 Lot |
| Maximum Retail Applications | 01 Lot |
| Minimum HNI Applications | 02 Lots |
| Total Shares In Single Lot | 2000 Shares |
| Amount For Single Lot | ₹116,000 |
Sharp Chucks And Machines IPO Time Table (Tentative)
| Sharp Chucks And Machines Limited IPO Time Table Complete Details | |
|---|---|
| IPO Initiation Date | 29 September, 2023 |
| IPO Ending Date | 04 October, 2023 |
| Basis Of Allotment | 09 October, 2023 |
| Initiation Of Refund | 10 October, 2023 |
| Shares Credit To Demat Account | 11 October, 2023 |
| Date Of Listing | 12 October, 2023 |
| Cut Off Time For UPI Mandate Confirmation | 05:00 PM, 04 October, 2023 |
Sharp Chucks And Machines IPO Reservation Details
| Sharp Chucks And Machines Limited IPO Reservation Overview | |
|---|---|
| Shares Offered To Retailers | 50% Of Net Offer |
| Shares Offered To Others | 50% Of Net Offer |
Sharp Chucks And Machines Company Financials
| Sharp Chucks And Machines Limited Company Financials Information | |
|---|---|
| This Data Is Of | 31 March, 2023 |
| Total Revenue | 17,931.45 Lakh |
| Assets | 18,003.58 Lakh |
| Profit After Tax | 506.50 Lakh |
| Net Worth | 5,234.79 Lakh |
| Reserves And Surplus | 4,256.36 Lakh |
| Debt | 9,034.20 Lakh |
Sharp Chucks And Machines Promoters Holding
| Share Holding Pre Issue | 80.28% |
| Share Holding Post Issue | 73.00% |
Sharp Chucks And Machines Key Performance Indicators
| Sharp Chucks And Machines Limited Key Performance Indicators | |
|---|---|
| KPI | Values |
| Debt/Equity | 1.73 |
| P/E (X) | 11.2 |
| EPS | 5.18 |
| ROE | 10.17% |
| ROCE | 11.00% |
| RoNW | 9.68% |
Is Sharp Chucks And Machines IPO Good Or Bad To Buy?
Sharp Chucks and Machines Limited was established in 1994 and specializes in the production of 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 other related industries.
- Machine Components.
- Casting Products.
- Forging Products.
The company has two manufacturing facilities in Jalandhar, including three foundries with a total installed capacity of 30000 MTPA, machining facilities with a total installed capacity of 14400 MTPA, and one forging unit with a total installed capacity of 3600 MTPA. The machining facilities include VMC, CNC, and other machinery.
What Is The Objective Of Sharp Chucks And Machines IPO Issue?
- Working capital needs funding.
- General corporate objectives.
How To Apply For Sharp Chucks And Machines IPO?
- Access Console by going to the Zerodha website.
- Access Portfolio and select the IPOs link.
- Click the “Bid” button under the “Sharp Chucks and Machines IPO” row.
- Your UPI ID, the quantity, and the price.
- Apply for an IPO by clicking “Submit.”
- To approve the mandate, log into the UPI App (net banking, or BHIM).