Sharp Chucks and Machines IPO Details ( Sharp Chucks and Machines Limited IPO Review )
(29 Sep 2023 – 5 Oct 2023)
Sharp Chucks and Machines Limited, established in 1994, specializes in manufacturing components for tractors, automobiles, and various machinery. They manufacture items like power chucks, lathe chucks, drill chucks, and more, catering to industries like tractors, automobiles, material handling, earth-moving equipment, railways, defense, machine tools, and even the DIY sector.
Their product range includes:
- Forging Products: This category encompasses gears, dog clutches, scaffolding, C-clamp spanners, wrenches, axes, hammers, and various other tools used in construction and automotive applications.
- Casting Products: This includes items such as brake housings, piston trumpet housings, wheel hub kits, rear covers, bell housings, gearboxes, brake drums, and numerous other cast components used in various machinery.
- Machine Components: Sharp Chucks and Machines Limited also manufactures power chucks, lathe chucks, drill chucks, and accessories for machine tools.
The company operates from two manufacturing units in Jalandhar, which house three foundries with a combined production capacity of 30,000 metric tons per annum (MTPA). They also have machining facilities equipped with VMC, CNC, and other machinery with a production capacity of 14,400 MTPA. Additionally, there’s a forging unit equipped with hammers and billiard heaters, with a production capacity of 3,600 MTPA.
Sharp Chucks and Machines Limited IPO Competitive Strength
- In-house manufacturing facilities and machining centre
- Wide product range and customized product offering
- Vast Experience of Promoters
- Customer Diversification
- Effective quality control checks
Sharp Chucks and Machines IPO Financials Performance ( Results )
Sharp Chucks and Machines Limited Financial Information (Restated Standalone)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 13,397.98 | 13,583.11 | 330.96 | 3.38 | 4,275.67 | 3,297.24 | 6,305.37 | |
| 31-Mar-22 | 18,392.09 | 15,252.23 | 452.62 | 4.63 | 4,728.29 | 48.33 | 3,749.86 | 10,269.35 |
| 31-Mar-23 | 18,003.58 | 17,931.45 | 506.50 | 5.18 | 5,234.79 | 53.50 | 4,256.36 | 9,034.20 |
Objective of Sharp Chucks IPO Issue
- Funding of working capital requirements
- General corporate purposes
Sharp Chucks and Machines IPO Basic Details
| IPO Date | Sep 29, 2023 to Oct 5, 2023 |
| Listing Date | Friday, October 13, 2023 |
| Face Value | ₹10 per share |
| Price | ₹58 per share |
| Lot Size | 2000 Shares |
| Issue Size | 2,904,000 shares of ₹10 (aggregating up to ₹16.84 Cr) |
| Fresh Issue | 975,484 shares of ₹10 (aggregating up to ₹5.66 Cr) |
| Offer for Sale | 1,928,516 shares of ₹10 (aggregating up to ₹11.19 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,784,308 |
| Share holding post issue | 10,759,792 |
| Company Promoters | Mr. Ajay Sikka and Ms. Gopika Sikka |
Sharp Chucks and Machines IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Sharp Chucks IPO Timetable
Sharp Chucks IPO will open on September 29, 2023 and close on October 5, 2023. You can join Sharp Chucks IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 29 September 2023 (Friday) |
| Closing Date | 5 October 2023 (Thursday) |
| Basis of Allotment | 10 October 2023 (Tuesday) |
| Initiation of Refunds | 11 October 2023 (Wednesday) |
| Credit of Shares to Demat | 12 October 2023 (Thursday) |
| Listing Date | 13 October 2023 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 5 October 2023 |
Sharp Chucks and Machines IPO Lot Size
For retail investors in Sharp Chucks and Machines IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹116,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹116,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹116,000 |
| Retail (Max) | 1 | 2000 | ₹116,000 |
| S-HNI (Min) | 2 | 4000 | ₹232,000 |
Sharp Chucks and Machines IPO Promoter Holding
The company’s promoters include Mr. Ajay Sikka and Ms. Gopika Sikka.
| Pre Issue Share Holding | 80.28% |
| Post Issue Share Holding | 73.00% |
Sharp Chucks and Machines Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 62.41 |
| Earning Per Share (EPS) | ₹5.18 per Equity Share |
| Net Asset Value (NAV) | ₹53.50 per Equity Share |
| P/E Ratio (P/E) (x) | 11.20 |
| Post P/E Ratio (P/E) (x) | 12.31 |
| Return on Net Worth (RoNW) (%) | 9.68 |
| Return on equity (ROE) (%) | 10.17 |
| Return on Capital Employed (ROCE) (%) | 11.00 |
| Debt/Equity Ratio | 1.73 |
Sharp Chucks and Machines Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Sharp Chucks And Machines Limited | Standalone | 10 | 5.18 | 11.20 | 9.68 | 53.50 |
| Peer Group | ||||||
| Pritika Engineering Components Limited | Consolidated | 10 | 3.78 | 18.79 | 11.96 | 31.56 |
| Nelcast Limited | Consolidated | 2 | 3.42 | 42.88 | 6.35 | 53.84 |
| Bhagwati Autocast Limited | Standalone | 10 | 26.80 | 21.07 | 22.43 | 119.50 |
Sharp Chucks and Machines IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 1 October 2023 | ₹25 | – | – |
Sharp Chucks and Machines IPO Detail Video:
Sharp Chucks and Machines IPO Subscription Status (Bidding Detail)
The Sharp Chucks and Machines IPO on October 5, 2023 at 7:30:00 PM was subscribed 54.20 times, with the retail category being subscribed 63.69 times, the other category being subscribed 38.76 times.
| Category | Subscription |
| Other | 38.76x |
| Retail | 63.69x |
| Total | 54.20x |
Sharp Chucks and Machines IPO Prospectus
| Sharp Chucks and Machines IPO DRHP | Download |
| Sharp Chucks and Machines IPO RHP | Download |
| Sharp Chucks and Machines IPO Anchor Investors Details PDF | Download |
Sharp Chucks and Machines IPO Rating
| Our Rating | 3.0/5.0 |
Sharp Chucks and Machines Company Contact Information
Sharp Chucks and Machines Limited
Registered Office: A-12 Industrial Development Colony Jalandhar – 144012, Punjab, India
Tel No. / Mob No: +0181 -2610341 / 0181- 2611763
Email: cs@sharpchucks.com
Website: www.sharpchucks.com
Contact Person: Rajat Kathpalia , Company Secretary & Compliance Officer
Our Promoters: Ajay Sikka and Gopika Sikka
Sharp Chucks and Machines IPO Registrar
Skyline Financial Services Private Limited
Registered Office: 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: Mrs. Rati Gupta
SEBI Registration No.: INR000003241
Sharp Chucks and Machines IPO Lead Manager
Fedex Securities Private Limited
Registered Office: 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 FAQs
What is the lot size of Sharp Chucks and Machines IPO?
The total size of Sharp Chucks and Machines IPO is ₹16.84 crores out of which ₹5.66 crores is fresh issue and ₹11.19 crores is offer for sale (OFS).
When will Sharp Chucks and Machines IPO start?
Sharp Chucks and Machines IPO will open from 29 September 2023 and IPO will close on 5 September 2023.
What is the open date of Sharp Chucks and Machines IPO?
Sharp Chucks and Machines IPO will open date from 29 September 2023.
What is the last date ( close date ) of Sharp Chucks and Machines IPO?
Sharp Chucks and Machines IPO will close from 5 October 2023.
What is the price band of Sharp Chucks and Machines IPO?
Sharp Chucks and Machines IPO price band is ₹58.
What is the minimum amount required to apply for Sharp Chucks and Machines IPO?
The minimum investment for retailers to apply for Sharp Chucks and Machines IPO is ₹116,000 and the maximum investment is ₹116,000.
What is going on gray market premium of Sharp Chucks and Machines IPO?
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How much is the GMP of Sharp Chucks and Machines IPO?
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What is the allotment date of Sharp Chucks and Machines IPO?
The allotment date of Sharp Chucks and Machines IPO is 10 October 2023.
How to check allotment status in Sharp Chucks and Machines IPO?
To check the allotment status of Sharp Chucks and Machines IPO, first of all go to the registrar website by clicking here, select your bad Sharp Chucks and Machines IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Sharp Chucks and Machines IPO?
The listing date of Sharp Chucks and Machines IPO is 13 October 2023.
How much will be the listing gain in Sharp Chucks and Machines IPO?
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