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Sharp Chucks and Machines IPO

Sharp Chucks and Machines IPO

  • Status: Closed
  • RHP:
  • ₹ 116,000 / 2000 shares

    Minimum Investment

IPO Details

  • Open Date

    29 Sep 2023

  • Close Date

    05 Oct 2023

  • IPO Price Range

    ₹ 58

  • IPO Size

    ₹ 16.84 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    13 Oct 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Sharp Chucks and Machines IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Sharp Chucks and Machines Limited IPO is all set to open from 29th September to 4th October 2023. The company is involved in the business of forging and graded casting machined components of tractors and other automobiles. The IPO includes a fresh issue of 975,484 shares worth ₹5.66 cr. and an Offer-for-Sale (OFS) of 1,928,516 equity shares worth ₹11.19 cr. The total IPO size is ₹16.84 cr. The share allotment date is 9th October, and the IPO will be listed on 12th October, on the stock exchanges. The price band is ₹58 per share and the lot size is 2000 shares.    

Fedex Securities Pvt Ltd is the book-running lead manager for this IPO, while  Skyline Financial Services Private Ltd is the registrar. 

Objectives of the Issue Sharp Chucks and Machines IPO

Sharp Chucks and Machines plans to utilize the raised capital from the IPO to:
●    For working capital requirements.
●    General corporate purpose.
 

Established in 1994, Sharp Chucks and Machines is involved in the business of forging and graded casting machined components of tractors and other automobiles. The company offers products under these three categories. 

Forging Products: Includes Gear, Dog Clutch, Scaffolding, C Clamp Spanner, Wrench Axe, Ball Pein Hammer, Cross Pein Hammer, Machinist Hammer, Sledge Hammer, Splitting Maul, Stoning Hammer Hatchet, Combination Spanner, Splitting Axe, Splitting Wedge, Fireman Axe, Michigan Axe, Hunter Axe, Drilling Hammer, Claw Hammer, Camp Axe, and Single Bit Axe.

Casting Products: Includes Brake Housing, Piston Trumpet Housing, Wheel Hub Kit, Rear Cover, Bell Housing, Front Axel Bracket, Gear Box, B.P Shaft Carrier, Brake Drum, Front Axel Housing, Lift Arm, Ram Cylinder, Rear Turnion, Planetary Carrier, TP Carrier, Cage, Steering Arm, Lift Housing, PTO Housing, Fly Wheel, Gear Casing, Cylinder Block, Planet Carrier M Star, Support Front Axle, Plate Input Retainer, and Temper Head.

Machine Components: Includes Power Chucks, Lathe Chucks, Drill Chucks, and Machine Tools Accessories.

The company operates from two manufacturing units located in Jalandhar, which consists of 3 foundries with a combined installed capacity of 30,000 MTPA. Additionally, it has machining facilities equipped with VMC, CNC machines, and other machinery, having an installed capacity of 14,400 MTPA. 

Peer Comparison

●    Pritika Engineering Components Limited
●    Nelcast Limited
●    Bhagwati Autocast Limited
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) Dec 31, 2022 FY22 FY21
Revenue 122.98 151.91 135.46
EBITDA 12.74 17.10 14.72
PAT 2.54 4.53 3.31
Particulars (in Rs. Crores) Dec 31, 2022 FY22 FY21
Total Assets 174.20 183.92 133.98
Share Capital 9.78 9.78 9.78
Total Borrowings 123.26 136.52 91.10
Particulars (in Rs. Crores) Dec 31, 2022 FY22 FY21
Net cash generated from / (used in) operating activities 12.26 5.75 6.63
Net cash from / (used in) investing activities -12.84 -13.62 -10.38
Net cash flow from / (used in) financing activities -24.29 33.04 3.79
Net increase (decrease) in cash and cash equivalents -24.87 25.17 0.049


Strengths

1.    The company has in-house manufacturing facilities and a machining center. 
2.    Wide product range and customized product offering.
3.    Sell products both in the domestic as well as international markets.
4.    Effective quality control checks.
5.    Experienced promoters and stable business.
 

Risks

1.    Heavily dependent on the performance of the tractor industry and automobile.
2.    Subject to various operating risks at the factory.
3.    Negative cash flows in the past. 
4.    Financing agreements impose certain restrictions on the operations.
5.    Pricing pressure from customers.
 

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FAQs

The minimum lot size of Sharp Chucks IPO is 2000 shares and the investment required is ₹1,16,000.

The price for Sharp Chucks IPO is ₹58 per share. 

Sharp Chucks and Machines IPO opens from 29th September to 4th October 2023.
 

The size of Sharp Chucks and Machines IPO is ₹16.84 cr. 

The share allotment date of Sharp Chucks IPO is 9th October 2023.

The Sharp Chucks IPO will be listed on 12th October 2023.

Fedex Securities Pvt Ltd is the book-running lead manager for Sharp Chucks IPO.

Sharp Chucks and Machines plans to utilize the raised capital from the IPO to:

1.    For working capital requirements.
2.    General corporate purpose.
 

To apply for Sharp Chucks IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Sharp Chucks and Machines IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.