Sharp Chucks and Machines IPO GMP Today (Grey Market)

Sharp Chucks and Machines IPO GMP Today (Grey Market)

The Sharp Chucks and Machines IPO commenced on September 29, 2023, and concluded on October 5, 2023. The allotment of shares took place on October 10, 2023, and the initiation of refunds began on October 11, 2023. The shares were credited to the demat accounts of investors on October 12, 2023. Finally, the listing of Sharp Chucks and Machines on the stock exchange occurred on October 13, 2023.

The Sharp Chucks and Machines IPO was priced at ₹58 per share, with a lot size of 2000 shares. The total issue size was ₹16.84 crores, comprising a fresh issue of 5.66 crores and an offer for sale of ₹11.19 crores. The IPO was listed on the NSE SME.

In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.

Sharp Chucks IPO Basic Details

Company NameSharp Chucks and Machines Limited
Domain of CompanyComponents Manufacturing Company
Sharp Chucks and Machines IPO GMP Today₹25
Sharp Chucks and Machines IPO Listing Gain43.10%
Sharp Chucks and Machines IPO Open DateSeptember 29, 2023
Sharp Chucks and Machines IPO Close DateOctober 5, 2023
Sharp Chucks and Machines IPO Allotment DateOctober 10, 2023
Sharp Chucks and Machines IPO Listing DateOctober 13, 2023
Face Value₹10 per share
Price₹58 per share
Lot Size2000 Shares
Issue Size2,904,000 shares of ₹10
(aggregating up to ₹16.84 Cr)
Fresh Issue975,484 shares of ₹10
(aggregating up to ₹5.66 Cr)
Offer for Sale1,928,516 shares of ₹10
(aggregating up to ₹11.19 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Company PromotersMr. Ajay Sikka and Ms. Gopika Sikka

Sharp Chucks and Machines IPO GMP Today:

DateGMPListing GainKostakSubject to
Today₹2543.10%
1 October 2023₹2543.10%

Sharp Chucks IPO Details:

Sharp Chucks and Machines Limited started its journey in 1994. They specialize in making various parts for tractors, automobiles, and other machines. They also create accessories like power chucks, lathe chucks, and drill chucks. Their products are used in a wide range of industries, including tractors, automobiles, material handling, earth moving equipment, railways, defense, machine tools, and even in the DIY sector.

The company offers a diverse range of products:

  1. Forging Products: These include gears, dog clutches, wrenches, hammers, axes, and more.
  2. Casting Products: This category consists of brake housings, wheel hubs, gearboxes, and various other components.
  3. Machine Components: They produce power chucks, lathe chucks, drill chucks, and accessories for machines.

Sharp Chucks and Machines Limited operates from two manufacturing units in Jalandhar. These units house three foundries with a total capacity of 30,000 metric tons per annum. They also have machining facilities equipped with VMC, CNC machines, and other equipment with a capacity of 14,400 metric tons per annum. Additionally, they operate a forging unit with hammers and billet heaters, capable of producing 3,600 metric tons per annum.

Sharp Chucks and Machines IPO More Details Click Here

Sharp Chucks and Machines IPO FAQs

When is Sharp Chucks and Machines IPO open?

Sharp Chucks and Machines IPO will open on 29 September 2023.

When is Sharp Chucks and Machines IPO Close?

Sharp Chucks and Machines IPO will be closed on 5 October 2023.

What is Sharp Chucks and Machines IPO GMP Today?

The Sharp Chucks and Machines IPO GMP aka Grey Market Premium is ₹25.

What is Sharp Chucks and Machines IPO Kostak Rates Today?

The Sharp Chucks and Machines IPO Kostak Rate is ₹000.

What is Sharp Chucks and Machines IPO Subject to Sauda Price Today?

The Sharp Chucks and Machines IPO subject to sauda rates is ₹000.

Sharp Chucks and Machines IPO Expected Returns?

The Sharp Chucks and Machines expected return is 43.10%.

How much will be the listing gain in Sharp Chucks and Machines IPO?

Sharp Chucks and Machines IPO will get listing gain of 43.10%. (Approx.)

Leave a Reply

Your email address will not be published. Required fields are marked *