The Sharp Chucks and Machines IPO started on September 29, 2023, and ended on October 5, 2023. Shares were allocated on October 10, 2023, and refund processes began on October 11, 2023. On October 12, 2023, the shares were credited to investors demat accounts. Sharp Chucks and Machines was officially listed on the stock exchange on October 13, 2023.
During the IPO, Sharp Chucks and Machines offered shares at a price range of ₹58 per share, and the lot size was 2000 shares. The total issue size was ₹16.84 crores, with ₹16.84 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Sharp Chucks IPO Subscription Update Video
Sharp Chucks and Machines IPO Subscription Status
The Sharp Chucks and Machines IPO on September 29, 2023 was subscribed times, with the retail category being subscribed times, the other category being subscribed times.
| Category | Subscription |
| Other | x |
| Retail | x |
| Total | x |
Sharp Chucks and Machines IPO Basic Details
| Company Name | Sharp Chucks and Machines Limited |
| Domain of Company | Components Manufacturing Company |
| IPO Open Date | September 29, 2023 |
| IPO Close Date | October 5, 2023 |
| IPO Allotment Date | October 10, 2023 |
| IPO Listing Date | 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 |
| Company Promoters | Mr. Ajay Sikka and Ms. Gopika Sikka |
About Sharp Chucks and Machines Limited
Sharp Chucks and Machines Limited, founded in 1994, specializes in crafting components for tractors, automobiles, and various machinery. They also produce accessories like power chucks, lathe chucks, and drill chucks. Their products serve industries such as material handling, railways, defense, machine tools, and even the DIY sector.
The company’s product range includes:
- Forged Products: These encompass gears, dog clutches, spanners, hammers, axes, and more.
- Casted Products: This category features items like brake housings, wheel hubs, gearboxes, and various other components.
- Machine Components: Power chucks, lathe chucks, drill chucks, and machine tool accessories round out their offerings.
Sharp Chucks and Machines Limited operates from two manufacturing units in Jalandhar, comprising 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, capable of handling 14,400 metric tons per annum. Additionally, they run a forging unit with a capacity of 3,600 metric tons per annum, equipped with hammers and billiard heaters.
Sharp Chucks and Machines IPO Should you subscribe?
Sharp Chucks and Machines IPO More Details Click Here
Sharp Chucks and Machines IPO FAQs
What is the start and end date of Sharp Chucks and Machines IPO Subscription?
The Sharp Chucks and Machines IPO started on September 29, 2023, and ended on October 5, 2023.
When does Sharp Chucks and Machines IPO Subscription open?
The Sharp Chucks and Machines IPO open on September 29, 2023.
When does Sharp Chucks and Machines IPO Subscription close?
The Sharp Chucks and Machines IPO Close on October 5, 2023.
What is the allotment date of Sharp Chucks and Machines IPO?
The allotment date for Sharp Chucks and Machines IPO is October 10, 2023.
When is the initial refund date of Sharp Chucks and Machines IPO?
The initial Refund date for Sharp Chucks and Machines IPO is October 11, 2023.
When were the shares credited to investors demat accounts for the Sharp Chucks and Machines IPO?
The shares for the Sharp Chucks and Machines IPO were credited to investors demat accounts on October 12, 2023.
When will Sharp Chucks and Machines IPO be listed on the stock market?
Sharp Chucks and Machines IPO stock market will be listed on October 13, 2023 at 10 am.
What was the price range of the Sharp Chucks and Machines IPO shares?
The Sharp Chucks and Machines IPO shares were offered at a price range of ₹58 per share.
What was the lot size for the Sharp Chucks and Machines IPO shares?
The lot size for the Sharp Chucks and Machines IPO shares was 2000 shares.
What was the total issue size of the Sharp Chucks and Machines IPO?
The total issue size of the Sharp Chucks and Machines IPO was ₹16.84 crores.
How were the shares allocated among different types of investors for the Sharp Chucks and Machines IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Sharp Chucks and Machines IPO listed?
The Sharp Chucks and Machines IPO was listed on the NSE SME.
What is the Sharp Chucks and Machines IPO Subscription Status?
Sharp Chucks and Machines IPO is subscribed Times.
