Sharp Chucks and Machines Ltd

Castings, Forgings & Fastners

Offer Period :

29th to 10th Oct 2023

Established in 1994, Sharp Chucks and Machines Limited specializes in manufacturing forging and graded casting components for tractors, automobiles, and diverse industries. Their product range includes forging items, casting products, and machine components, Read more... with two manufacturing units in Jalandhar equipped with advanced machining facilities.Read less

Sharp Chucks and Machines Ltd IPO Details

IPO Date 29th to 10th Oct 2023 Minimum Investment ₹116000 / 1 Lots
Listing Date 2023-10-12 Maximum Investment ₹116000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹16.84 Crores
Price ₹58 to ₹58 per share Fresh Issue ₹5.66 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 11.18
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 29th to 10th Oct 2023
Listing Date 2023-10-12
Face Value ₹10 per share
Price ₹58 to ₹58 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹116000 / 1 Lots
Maximum Investment ₹116000 / 1 Lots
Total Issue Size ₹16.84 Crores
Fresh Issue ₹5.66 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

29th Sep

IPO Starts

5th Oct

IPO Ends

10th Oct

Allotment Date

11th Oct

Initiation of Refund

12th Oct

Credit of Shares to Demat Account

12th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 68.66 62.44
Public Group 31.34 37.56

Sharp Chucks and Machines Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 1378000(47.45%)
Retail Shares Offered 1378000(47.45%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 2904000
Total Shares With Anchor Investor 2904000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Sharp Chucks and Machines Ltd IPO Registrar

Skyline Financial Services Pvt
Phone Number 011-40450193-97
Email Id ipo@skylinerta.com
Our Website www.skylinerta.com

Sharp Chucks and Machines Ltd IPO Lead Manager

1. Fedex Securities Pvt Ltd

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Sharp Chucks and Machines Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Sharp Chucks and Machines Ltd

1. In-house manufacturing facilities and Machining Centre.

2. Wide product range and customized product offering.

3. Vast Experience of Promoters.

4. Customer Diversification.

5. Effective quality control checks.

Risks Involved

1. The Company as well as the Independent Director are party to certain tax proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

2. The company Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of the Company as required under the provisions of SEBI (ICDR) Regulations 2018.

3. The company is heavily dependent on the performance of the tractor industry and automobile. Major upsets or slowdown adversely affecting the tractor industry and automobiles and its ancillary industries can impact the business, results of operations, financial condition and cash flows.

4. Substantial portion of the company revenues has been dependent upon its top five clients. The loss of any one or more of the major clients would have a material adverse effect on the business operations and profitability.

5. The company extend significant credit terms to the customers and are subject to counterparty credit risk. Any deterioration in such customers' financial position and their ability to pay or its inability to extend credit in line with market practice may adversely impact the profitability.

6. The company relies on third party suppliers to provide the raw materials and its have limited control over them and may not be able to obtain required quality raw materials on a timely basis or in sufficient quantity which may have a material adverse effect on the company results of operations.

7. The company's business is dependent on the manufacturing facilities which are located in Jalandhar, Punjab, India. Any loss or shutdown of operations at any of the manufacturing facilities may have an adverse effect on its business and results of operations.

8. Its products adhere to strict quality control requirements because of which its have gained the trust and confidence of the customers and the inability to maintain such quality standards on consistent basis could adversely impact the company business, results of operations and financial condition.

9. The company's business is subject to various operating risks at the factory, the occurrence of which can affect its results of operations and consequently, financial condition of the Company.

10. The Company has availed unsecured loan which are repayable on demand. Any demand from the lenders for repayment of such unsecured loan may affect its cash flow and financial condition.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Sharp Chucks and Machines Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-10-12 91675 SCML
INE460Q01014
₹58 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹58 ₹58
Open ₹0 ₹66
Low ₹0 ₹63
High ₹0 ₹69
Low ₹0 ₹63

Frequently Asked Questions

What is Sharp Chucks and Machines Ltd IPO?

Answer Field

Sharp Chucks and Machines Ltd IPO is a SME IPO of 29,04,000 equity shares of a face value of ₹10 aggregating up to ₹16.84 Crores. The issue is priced at ₹58 to ₹58 per share. The minimum order quantity is 2000 Shares. The IPO opens on September 29, 2023, and closes on October 05, 2023. Skyline Financial Services Pvt is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Sharp Chucks and Machines Ltd IPO will open?

Answer Field

The Sharp Chucks and Machines Ltd IPO opens on September 29, 2023 and closes on October 05, 2023.

What is the lot size of Sharp Chucks and Machines Ltd?

Answer Field

Sharp Chucks and Machines Ltd lot size is 2000 shares, and the minimum amount required is ₹1,16,000.

How to apply for Sharp Chucks and Machines Ltd IPO?

Answer Field

You can apply in Sharp Chucks and Machines Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

When is Sharp Chucks and Machines Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Sharp Chucks and Machines Ltd IPO will be done on October 10, 2023, and the allotted shares will be credited to your demat account by October 12, 2023.

When is Sharp Chucks and Machines Ltd IPO listing date?

Answer Field

The Sharp Chucks and Machines Ltd listing date is October 12, 2023.

Who is the registrar of Sharp Chucks and Machines Ltd IPO?

Answer Field

The registrar of Sharp Chucks and Machines Ltd IPO is Skyline Financial Services Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

Fedex Securities Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Sharp Chucks and Machines Ltd IPO?

Answer Field

The fresh issue size is ₹5.66 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Sharp Chucks and Machines Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,16,000 amount.

How can I approve the UPI mandate request for Sharp Chucks and Machines Ltd IPO?

Answer Field

To apply for Sharp Chucks and Machines Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Sharp Chucks and Machines Ltd?

Answer Field

The price of each Sharp Chucks and Machines Ltd share will be ranging in between ₹58 to ₹58 per share.

What is the cut-off time for the UPI mandate for Sharp Chucks and Machines Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 05, 2023.

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