Sharp Chucks And Machines, founded on June 10, 1994, specializes in manufacturing forging products, casting products, and machined components. These products serve various industries including tractors, automobiles, material handling & earth-moving equipment, railways, defence, machine tools, and the DIY industry.
| Bidding Dates |
|---|
| 29 Sep 2023 - 04 Oct 2023 |
| Subscription |
|---|
| 48.67x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,16,000 | 1 | 1 | 2000 | 2.9 M | ₹58 | 73.01 % | ₹168.4 M | RHP DOC |
Sharp Chucks & Machines IPO SUBSCRIPTION STATUS
05 Oct '23Sharp Chucks & Machines IPO overall subscription rate was 48.67 times the total available shares
Sharp Chucks & Machines IPO retail subscription rate was 60.45 times in the retail segment
Sharp Chucks & Machines IPO non-institutional investor subscription rate was 36.89 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
05 Oct 2023 (Day 4) | 60.45x | 36.89x | - |
04 Oct 2023 (Day 3) | 23.67x | 3.88x | - |
03 Oct 2023 (Day 2) | 11.2x | 1.78x | - |
29 Sep 2023 (Day 1) | 1.65x | 0.21x | - |
Sharp Chucks & Machines FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 50.7 | 1,764.5 | 150.9 | -5.4 | 10.5% |
| FY22 | 45.3 | 1,519.1 | 57.5 | -79.3 | 11.3% |
| FY21 | 33.1 | 1,354.6 | 66.3 | -36.2 | 10.9% |
Sharp Chucks & Machines IPO SUBSCRIPTION STATUS DETAILS
Sharp Chucks & Machines had 2.9 M shares on offer
Sharp Chucks & Machines IPO offer price was ₹58
Sharp Chucks & Machines IPO minimum Investment was ₹116000
Sharp Chucks & Machines IPO issue size was ₹ 168.4 M
Sharp Chucks & Machines had a minimum lot size of 2000 Shares per application
Sharp Chucks & Machines NUMBER OF SHARES ON OFFER
Sharp Chucks & Machines IPO IMPORTANT DATES
| Issue Open Date | 29 Sep 2023 |
| Issue close Date | 04 Oct 2023 |
| Allotment Date | 09 Oct 2023 |
| Refund Date | 10 Oct 2023 |
| Demat Account Credit Date | 11 Oct 2023 |
| Listing Date | 12 Oct 2023 |
| Listing on Exchange(s) | NSE |
| Sharp Chucks & Machines Allotment Status | Exchange |
Sharp Chucks & Machines IPO subscription opened on 29 Sep 2023, and closed on 04 Oct 2023
IPO allotment for Sharp Chucks & Machines was finalized on Monday, 09 Oct 2023
IPO listing for Sharp Chucks & Machines was on NSE on Thursday, 12 Oct 2023
Sharp Chucks & Machines IPO LISTING GAINS
| Issue Price (adjusted) | 58.0 |
| Listing Open Price | 66.0 |
| Listing Close Price | 65.0 |
| Listing Gain% | 13.8% |
| Current Gain% | 43.1% |
Sharp Chucks & Machines Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sharp Chucks And Machines Ltd. | 83 | 89.3 | 12 | 0.6 | 0.4 | 10 | 3.2 | 246.2 | 21.9 | 7.9 | 30.1 | 6.9 | 21.6 |
| Bharat Forge Ltd. | 2265.2 | 108296.6 | 97.7 | 5.5 | 6.4 | 11.3 | 4.8 | 17010.3 | 10.9 | 1079.7 | 14.7 | 23.2 | 17.7 |
| AIA Engineering Ltd. | 4776 | 44569.8 | 35.1 | 1.8 | 10.1 | 15.8 | 14.9 | 4893.9 | 6 | 1270.2 | 19.7 | 136.1 | 19.7 |
| Indo-MIM Ltd. | 867.4 | 42888.8 | 18.9 | 10.9 | 4320.7 | 28.1 | 533.5 | 25.9 | |||||
| Happy Forgings Ltd. | 1906.2 | 17990.5 | 54.9 | 2.5 | 11 | 14.2 | 11.4 | 1577.1 | 9 | 301.6 | 12.8 | 34.7 | 21.6 |
| Ramkrishna Forgings Ltd. | 726.6 | 13138.1 | 122.9 | -1.6 | 3 | 2.2 | 1 | 4251.2 | 4.7 | 71.8 | -82.7 | 5.9 | -78.7 |
Sharp Chucks & Machines INFORMATION ON IPO ISSUE
About Sharp Chucks & Machines
Sharp Chucks And Machines, founded on June 10, 1994, specializes in manufacturing forging products, casting products, and machined components. These products serve various industries including tractors, automobiles, material handling & earth-moving equipment, railways, defence, machine tools, and the DIY industry.
Object of the Issue
- Funding the working capital requirements
- General corporate purposes
Sharp Chucks & Machines - PROMOTERS
| Name |
|---|
| Ajay Sikka |
| Gopika Sikka |
Sharp Chucks & Machines Lead Manager to the Issue
Fedex Securities Private Limited
mb@fedsec.in
Sharp Chucks & Machines Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Sharp Chucks & Machines Strengths
In-house manufacturing facilities
The company operates its own in-house manufacturing and machining centres, ensuring high-quality production standards while minimizing production time and costs
Wide product range
The company began with manufacturing drill chucks and lathe chucks and has since expanded into customized casting, significantly diversifying its product range. It has also ventured into forging, specifically DIY tools
Customer diversification
The company markets its products domestically and internationally. In the domestic market, it sells to OEMs, manufacturers, and traders. Internationally, it distributes products via traders
Sharp Chucks & Machines Risks
Tax proceedings
The company and its independent director are involved in certain tax proceedings. An adverse outcome could significantly impact the business
Dependent on tractor industry
The company relies heavily on the tractor and automobile industries. Any major disruptions or slowdowns in these sectors could adversely affect its business
Negative cash flows
The company has had negative cash flows across operating, investing, and financing activities in the past. Future occurrences could hinder growth and business
IPO FAQs
This IPO consists of an offer for sale of up to Rs 11.2 crore, of 1,928,516 shares. It also consists of a fresh issue of Rs 5.7 crore.
The promoters of the company are Ajay Sikka and Gopika Sikka.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 58.0 - 58.0.
The IPO application opens on Sep 29, 2023 and closes on Oct 04, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 116,000.0, the maximum value for this IPO is Rs 116,000.0.
This IPO will be allotted on Oct 09, 2023.
The refund will be credited to your account on Oct 10, 2023.
The allotted shares will be credited to your demat on Oct 11, 2023.
Sharp Chucks And Machines Ltd.’s shares listed on the stock exchanges on Oct 12, 2023.