Sharp Chucks and Machines Ltd
Price Range
₹58
Min. Quantity
2,000
Closes on
5 October 2023
Min. investment
₹1,16,000/2,000 Shares
Sharp Chucks and Machines Ltd IPO Timeline
Sharp Chucks and Machines Limited was originally incorporated in Jalandhar, Punjab as 'Sharp Garden Implements Private Limited', a private company pursuant to a certificate of incorporation dated June 10, 1994 issued by the Registrar of Companies. Subsequently, the name of Company was changed to 'Sharp Chucks And Machines Private Limited' vide Certificate of Incorporation pursuant to change of name dated October 09, 1995. Further, Company got converted from a Private Limited Company to a Public Limited Company and consequently, the name of Company was changed to 'Sharp Chucks And Machines Limited', and a fresh Certificate of Incorporation dated August 12, 2004 was issued by the Registrar of Companies, Punjab, H.P & Chandigarh to Company. Thereafter, Company was again, converted from a Public Company into a Private Company and name was changed to 'Sharp Chucks And Machines Private Limited', dated February 27, 2014. Subsequently, Company was again converted from a Private Limited into a Public Limited, and consequently, the name of Company was changed to 'Sharp Chucks and Machines Limited', through a fresh Certificate of Incorporation granted by the Registrar of Companies, Chandigarh on December 20, 2022.
| Event | Date |
|---|---|
| Sharp Chucks and Machines Ltd IPO Opening Date | 29 September 2023 |
| Sharp Chucks and Machines Ltd IPO Closing Date | 5 October 2023 |
| Basis of Allotment | 10 October 2023 |
| Initiation of Refunds | 11 October 2023 |
| Credit of Shares to Demat | 12 October 2023 |
| Sharp Chucks and Machines Ltd IPO Listing Date | 12 October 2023 |
Sharp Chucks and Machines Ltd IPO Details
| Sharp Chucks and Machines Ltd IPO Date | 29 September 2023 to 5 October 2023 |
| Sharp Chucks and Machines Ltd IPO Face Value | ₹10 per share |
| Sharp Chucks and Machines Ltd IPO Price | ₹58 to ₹0 per share |
| Sharp Chucks and Machines Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹16.84 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹5.66 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹11.18 Cr) |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Ajay Sikka, Gopika Sikka |
Sharp Chucks and Machines Ltd IPO Lot Size
The Sharp Chucks and Machines Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,16,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,16,000 |
| Maximum | 1 | 2,000 | ₹1,16,000 |
- Strengths
- Risks
- Opportunities
- In-house manufacturing facilities and Machining Centre.
- Wide product range and customized product offering.
- Vast Experience of Promoters.
- Customer Diversification.
- Effective quality control checks.
Company Financials
Sharp Chucks and Machines Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 197.4 | 202.02 | 6.10 |
| 03-2023 | 179.29 | 177.07 | 4.73 |
| 03-2022 | 183.92 | 152.52 | 4.53 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the working capital requirements
- General corporate purposes
Sharp Chucks and Machines Ltd IPO Promoter Holding
| Pre Issue Share Holding | 50.42% |
| Post Issue Share Holding | 45.85% |
Sharp Chucks and Machines Ltd IPO Subscription Status (Bidding Detail)
The Sharp Chucks and Machines Ltd IPO is subscribed 48.6667 times on 5 October 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 48.6667 |
Sharp Chucks and Machines Ltd IPO Prospectus
Sharp Chucks and Machines Ltd IPO Listing Date
| Listing Date | 12 October 2023 |
| BSE Script | 91675 |
| NSE Symbol | SCML |
| Listing In | NSE - SME |
| ISIN | INE460Q01014 |
| IPO Price | ₹58 |
| Face Value | ₹10 |
Company Contact Information
A-12 Industrial DevelopmentColony,Jalandhar-144012
Phone: +0181 2610341/0181-2611763
Email: cs@sharpchucks.com
Website: www.sharpchucks.com
Sharp Chucks and Machines Ltd IPO Registrar
Sharp Chucks and Machines Ltd IPO Lead Manager(s)
- Fedex Securities Pvt Ltd
FAQ
What is the issue size of Sharp Chucks and Machines Ltd IPO?
I have pre-applied for Sharp Chucks and Machines Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.