Sharp Chucks And Machines is scheduled to hit the market on September 29, 2023 and close on October 5, 2023. Sharp Chucks And Machines plans to raise around ₹16.84 Cr through an IPO with a sale of up to 2,904,000 equity shares of ₹10 each. The retail quota is 50%, Others 50%.
Established in 1994, Sharp Chucks and Machines Limited specializes in the manufacturing of forged and graded casting machined components catering to tractors, automobiles, material handling & earth-moving equipment, railways, defense, machine tools, the DIY industry, and more. Additionally, they produce a range of machine tool accessories, including power chucks, lathe chucks, and drill chucks.
With two manufacturing units located in Jalandhar, the company boasts three foundries with a combined installed capacity of 30,000 MTPA. Their machining facilities are equipped with VMC, CNC, and various other machinery, capable of handling 14,400 MTPA. Moreover, Sharp Chucks and Machines operates a forging unit equipped with hammers, billiard heaters, and more, boasting an installed capacity of 3,600 MTPA. This diverse infrastructure positions them as a versatile manufacturer serving a wide array of industries and applications.
Sharp Chucks And Machines IPO Details
Sharp Chucks And Machines IPO opens on Sept 29, 2023, and closes on Oct 5, 2023. The Listing date for Sharp Chucks And Machines IPO is on Oct 13, 2023. The price band for IPO is ₹58 per share and lot size of 2000 Shares.
| IPO Date | Sept 29, 2023 to Oct 05, 2023 |
| Listing Date | Oct 13, 2023 |
| Price | ₹58 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹16.84 Cr |
| Face Value | ₹10 per share |
Sharp Chucks And Machines IPO Tentative Timetable
Sharp Chucks And Machines opening date is September 29, 2023 and close date is October 5, 2023. The IPO allotment date is October 10, 2023. The refund initiation of IPO is on October 11, 2023. The credit of shares in demat account is on October 12, 2023. The listing date is on October 13, 2023.
| Event | Date |
|---|---|
| IPO Opening | Sept 29, 2023 |
| IPO Closing | Oct 05, 2023 |
| IPO Allotment Date | Oct 10, 2023 |
| Refund Initiation | Oct 11, 2023 |
| Shares Credit to Demat | Oct 12, 2023 |
| Lisiting Date | Oct 13, 2023 |
Sharp Chucks And Machines IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lot ( 2000 shares or ₹116,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹116,000 |
| Retail(Maximum) | 1 | 2000 | ₹116,000 |
| HNI (Minimum) | 2 | 4000 | ₹232,000 |
Sharp Chucks And Machines IPO Promoter Holding
| Pre Issue Share Holding | 80.28% |
| Post Issue Share Holding | 73.00% |
Sharp Chucks And Machines IPO Review
Sharp Chucks And Machines Limited’s upcoming IPO appears to be an intriguing investment opportunity in the Indian market. With an EPS (Earnings per Share) of 5.18 (both basic and diluted), the company showcases a decent earnings profile. The P/E (Price-to-Earnings) ratio stands at 53.50, which suggests that investors are willing to pay a premium for its shares, possibly due to growth prospects. However, the company’s RoNW (Return on Net Worth) of 11.20% might be a point of concern for some investors, as it is relatively lower compared to some industry peers.
When compared to similar listed entities like Pritika Engineering Components Limited, Nelcast Limited, and Bhagwati Autocast Limited, Sharp Chucks And Machines Limited demonstrates a competitive EPS, but it lags behind in terms of RoNW. Investors should carefully evaluate the company’s growth potential and industry dynamics before making a decision. It’s crucial to keep in mind that investing in IPOs involves certain risks, and thorough due diligence is essentia
In summary, Sharp Chucks And Machines Limited’s IPO presents an opportunity for investors to enter a company with decent earnings, though its RoNW may need improvement for long-term sustainability. Prospective investors should assess their risk tolerance and conduct a comprehensive analysis of the company’s financials and growth prospects before considering this IPO.
Sharp Chucks And Machines IPO Subscription Status (Bidding Details)
| Investor | Subscription |
|---|---|
| Qualified Institutions (QII) | 0 |
| Non-Institutional Buyers | 0 |
| bNII (bids above ₹10L) | 0 |
| sNII (bids below ₹10L) | 0 |
| Retail Investors(RII) | 0 |
| Employees | 0 |
| Others | 0 |
| Total | 0 |
Sharp Chucks And Machines IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Sharp Chucks And Machines IPO FAQs
What is Sharp Chucks And Machines IPO?
Sharp Chucks And Machines is issuing 2,904,00 equity shares with a face value of ₹10 each, totaling up to ₹16.84 Cr. The shares are being offered at a price of ₹58 each, with a minimum order quantity of 2000 shares.
Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Sharp Chucks And Machines IPO will open?
Sharp Chucks And Machines will open on September 29, 2023 for QIB, NII, and Retail Investors.
When Sharp Chucks And Machines IPO will end?
Sharp Chucks And Machines will end on October 5, 2023.
What is Sharp Chucks And Machines IPO Size?
Sharp Chucks And Machines IPO size is 16.84 Cr.
What is Sharp Chucks And Machines IPO Price Band?
Sharp Chucks And Machines price band is ₹58 per share.
What is the Sharp Chucks And Machines IPO Allotment Date?
Sharp Chucks And Machines allotment date is 10 October 2023.
What is the Sharp Chucks And Machines IPO Listing Date?
Sharp Chucks And Machines listing date is 13 October 2023. The IPO is to be listed on BSE and NSE.
How to Apply Sharp Chucks And Machines IPO through Zerodha?
To apply for the IPO “Sharp Chucks And Machines” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don’t have one, open a demat account with Zerodha.
How to Apply Sharp Chucks And Machines IPO through Upstox?
To apply for the IPO “Sharp Chucks And Machines” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don’t have one, open a demat account with Upstox.
How to check Sharp Chucks And Machines IPO Allotment Status?
For Sharp Chucks And Machines IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Sharp Chucks And Machines IPO GMP?
You can check out here: Sharp Chucks And Machines IPO GMP