Sharp Chucks IPO description – Incorporated in 1994, Sharp Chucks and Machines has integrated capabilities to manufacture forging products, casting products, and machined components, that are used in tractors, automobiles, material handling & earth moving equipment, railways, defense, machine tools, DIY industry, etc.
As of 30 June 2023, the company had 2 manufacturing units in Jalandhar consisting of three foundries having installed capacity of 30,000 MTPA and machining facilities consisting of VMC, CNC and other machineries having installed capacity of 14,400 MTPA and one forging unit consisting of hammers, billiard heaters etc having installed capacity of 3,600 MTPA.
Sharp Chucks and Machines has been exporting since incorporation and currently supplies its products to countries such as the USA, Russia, Italy, Germany, Sweden, Venezuela, and Croatia., etc.
The revenue contribution from the top 5 customers is INR 74.36 crore, INR 93.11 crore, INR 100.02 crore, and INR 107.92 crore contributing 65.45%, 68.55%, 65.68%, and 86.00%, for FY 2020, 2021, 2022 and for the nine period ended 31 December 2022, respectively.
Promoters of Sharp Chucks – Ajay Sikka and Gopika Sikka
Table of Contents
Sharp Chucks IPO Details
| Sharp Chucks IPO Dates | 29 Sep – 5 Oct 2023 |
| Sharp Chucks IPO Price | INR 58 per share |
| Fresh issue | 9,75,484 shares (INR 5.66 crore) |
| Offer For Sale | 19,28,516 shares (INR 11.19 crore) |
| Total IPO size | 29,04,000 shares (INR 16.84 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 69,600) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Sharp Chucks Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 135.46 | 151.91 | 176.45 |
| Expenses | 131.12 | 146.12 | 172.15 |
| Net income | 3.31 | 4.53 | 5.07 |
**All Standalone data
Sharp Chucks Offer News
- Sharp Chucks RHP
- Sharp Chucks Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Sharp Chucks Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.38 | 4.63 | 5.18 |
| PE ratio | – | – | 11.20 |
| RONW (%) | 7.72 | 9.55 | 9.68 |
| NAV | – | 48.45 | 53.50 |
| ROCE (%) | 10.51 | 8.67 | 11.00 |
| EBITDA (%) | 10.87 | 11.26 | 10.50 |
| Debt/Equity | 1.47 | 2.17 | 1.73 |
**All Standalone data
Sharp Chucks IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 11 October 2023 | 10 | – | 14,500 |
| 10 October 2023 | 10 | – | 14,000 |
| 9 October 2023 | 10 | – | 13,500 |
| 7 October 2023 | 11 | – | 13,500 |
| 6 October 2023 | 15 | – | 18,600 |
| 5 October 2023 | 25 | – | 34,000 |
| 4 October 2023 | 27 | – | 37,000 |
| 3 October 2023 | 25 | – | 35,000 |
| 2 October 2023 | 25 | – | 35,000 |
| 30 September 2023 | 25 | – | 35,000 |
| 29 September 2023 | 30 | – | 37,000 |
| 28 September 2023 | 20 | – | 37,000 |
| 27 September 2023 | 20 | – | 40,000 |
| 26 September 2023 | 25 | – | 46,000 |
| 25 September 2023 | 25 | – | 46,000 |
Sharp Chucks IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 1,526,000 | 1,378,000 | 2,904,000 |
| 5 Oct 2023 | 35.10 | 63.69 | 48.67 |
| 4 Oct 2023 | 3.69 | 24.95 | 13.78 |
| 3 Oct 2023 | 1.69 | 11.80 | 6.49 |
| 29 Sep 2023 | 0.20 | 1.74 | 0.93 |
Sharp Chucks IPO Allotment Status
Sharp Chucks IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Sharp Chucks IPO Dates & Listing Performance
| IPO Opening Date | 29 September 2023 |
| IPO Closing Date | 5 October 2023 |
| Finalization of Basis of Allotment | 9 October 2023 |
| Initiation of refunds | 11 October 2023 |
| Transfer of shares to demat accounts | 12 October 2023 |
| IPO Listing Date | 12 October 2023 |
| Opening Price on NSE SME | INR 66 per share (up 13.79%) |
| Closing Price on NSE SME | INR 65.05 per share (up 12.16%) |
Sharp Chucks Offer Lead Manager
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email:Â [email protected]
Website:Â www.fedsec.in
Sharp Chucks Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri East, Mumbai – 400 072, Maharashtra
Phone:Â +91 22 2851 1022
Email:Â [email protected]
Website:Â www.skylinerta.com
Sharp Chucks Contact Details
SHARP CHUCKS AND MACHINES LIMITED
A-12 Industrial Development Colony Jalandhar – 144012, Punjab, India
Phone: +0181 -2610341 / 0181- 2611763
E-mail: [email protected]
Website: www.sharpchucks.com
IPO FAQs
What is Sharp Chucks offer size?
Sharp Chucks offer size is INR 16.84 crores.
What is the Sharp Chucks offer price band?
Sharp Chucks public offer price is INR 58 per share.
What is the lot size of Sharp Chucks public offer?
Sharp Chucks offer lot size is 1,200 shares.
What is Sharp Chucks IPO GMP today?
Sharp Chucks IPO GMP today is INR 10 per share.
What is the Sharp Chucks kostak rate today?
Sharp Chucks kostak rate today is INR NA per application.
What is Sharp Chucks Subject to Sauda rate today?
Sharp Chucks Subject to Sauda rate today is INR 14,000 per application.
