Sharp Chucks and Machines IPO Details: The scheduled date for Sharp Chucks IPO has been confirmed. The IPO is set to enter the market on September 29th and conclude on October 4th. The company aims to gather approximately ₹16.84 crores through this IPO. This sum includes a fresh issue of ₹16.84 crores via 2904000 shares, each valued at ₹10. The retail quota is 50% and HNI is 50%.
What is Sharp Chucks IPO?
Sharp Chucks and Machines is a manufacturer of chucks and other workholding devices for machine tools. The company is based in Ahmedabad, Gujarat, India and has been in operation for over 30 years. Sharp Chucks and Machines products are used by a wide range of industries, including automotive, aerospace, and engineering.
The company is planning to raise ₹16.84 crores through its IPO, which is open from September 29 to October 4, 2023. The IPO price band is fixed at ₹58 per share. The minimum lot size for an application is 1200 shares.
The company plans to use the proceeds of the IPO to fund its expansion plans, including setting up a new manufacturing unit and increasing its working capital.
Objectives of Sharp Chucks IPO
The objectives of the Sharp Chucks and Machines IPO are as follows:
- To fund the company’s expansion plans, including setting up a new manufacturing unit for chucks and other workholding devices for machine tools.
- To increase the company’s working capital to meet the growing demand for its products.
Sharp Chucks And Machines IPO Date & Price Band Details
| IPO Open: | September 29, 2023 |
| IPO Close: | October 04 , 2023 |
| IPO Size: | Approx ₹16.84 Crores, 2904000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹58 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | – |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
Sharp Chucks And Machines IPO Market Lot
The Sharp Chucks And Machines IPO minimum market lot is 2000 shares with a ₹116000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹116000 |
| Retail Maximum | 1 | 2000 | ₹116000 |
| S-HNI Minimum | 2 | 4000 | ₹232000 |
Sharp Chucks And Machines IPO Dates
The Sharp Chucks And Machines IPO date is September 29 and the IPO close date is October 04. The IPO allotment date is October 9 and the IPO might list on October 12.
| IPO Open Date: | September 29 2023 |
| IPO Close Date: | October 04 2023 |
| Basis of Allotment: | October 09 2023 |
| Refunds: | October 10 2023 |
| Credit to Demat Account: | October 11 2023 |
| IPO Listing Date: | October 12 2023 |
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Sharp Chucks And Machines IPO Subscription Status
For the latest update on the Sharp Chucks And Machines IPO, you can check this dedicated page for IPO subscription status.
Sharp Chucks And Machines IPO Allotment Status
For the latest update on the Sharp Chucks And Machines IPO, you can check this dedicated page for IPO allotment status.
Sharp Chucks And Machines IPO Forms
For IPO form for the Sharp Chucks And Machines IPO, you can check this dedicated page for IPO Forms.
Sharp Chucks And Machines Company Financials
According to the Sharp Chucks and Machines IPO prospectus, the company’s financials for the past three years are as follows:
| Financial Year | Revenue (₹ crores) | Profit After Tax (₹ crores) |
|---|---|---|
| 2022-23 | 13.85 | 1.07 |
| 2021-22 | 12.21 | 0.88 |
| 2020-21 | 11.78 | 0.93 |
As you can see, the company’s revenue has grown steadily over the past three years, while its profit has fluctuated. This is because the company has been investing heavily in its growth, which has led to higher expenses in the short term.
However, the company’s financials are still positive overall. The company has a healthy balance sheet with a debt-to-equity ratio of 0.79, which is below the industry average. This suggests that the company is not excessively leveraged and has the financial capacity to support its growth plans.
Overall, the Sharp Chucks and Machines Company financials are positive and suggest that the company is a good investment opportunity. However, investors should be aware of the risks associated with investing in a small company, such as limited market share and competitive landscape.
Sharp Chucks and Machines IPO Pros & Cons
Pros:
- Growing company with a strong track record
- Experienced management team
- Well-positioned to benefit from the growing demand for machine tools and workholding devices in India and abroad
- Reasonable valuation
Cons:
- Small company with limited market share
- Competitive landscape
- IPO proceeds may not be sufficient to fund all of the company’s growth plans
Company Promoters
- Mr. Ajay Sikka
- Ms. Gopika Sikka
Sharp Chucks And Machines IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/
Company Address
Sharp Chucks And Machines Limited
A-12
Industrial Development Colony
Jalandhar – 144012
Phone: +0181 -2610341
Email: cs@sharpchucks.com
Website: https://sharpchucks.com/index.html
Sharp Chucks And Machines IPO FAQs
The IPO is set to enter the market on September 29th and conclude on October 4th. The company aims to gather approximately ₹16.84 crores through this IPO. This sum includes a fresh issue of ₹16.84 crores via 2904000 shares, each valued at ₹10.
The IPO will open on 29th September 2023.
The retail quota is 50% and HNI is 50%.
There are two ways to apply for the Sharp Chucks and Machines IPO:
1. Through your bank
Most banks in India offer ASBA (Application Supported by Blocked Amount) facility, which allows you to apply for IPOs online using your bank account. To apply for the Sharp Chucks and Machines IPO through your bank, follow these steps:
Log in to your net banking account.
Go to the ‘ASBA’ section.
Select the ‘Sharp Chucks and Machines IPO’ from the list of available IPOs.
Enter the number of shares you want to apply for and the price you are willing to pay.
Block the required amount in your bank account.
Submit the application.
2. Through your broker
If you have a demat account with a stockbroker, you can also apply for the Sharp Chucks and Machines IPO through your broker. To do this, you will need to fill out an IPO application form and submit it to your broker. Your broker will then submit the application to the stock exchange on your behalf.
Sharp Chucks And Machines IPO size is ₹16.84 crores.
Sharp Chucks And Machines IPO Price Band is ₹58 per equity share.
Sharp Chucks And Machines IPO allotment date is October 9, 2023.
Sharp Chucks And Machines IPO listing date is October 12, 2023. The IPO to list on NSE SME.