Sharp Chucks and Machines Limited

Company Name	Sharp Chucks and Machines Limited
Open Date	29-09-2023
Close Date	05-10-2023
Exchange	NSE SME
Lot Size	2000 Shares
Issue Price	₹ 58 per share
Issue Size	29,04,000 Equity Shares
Application Amount	₹ 1,16,000
Recommendation	Apply

Sharp Chucks and Machines Limited was originally incorporated in the year 1994 and has its registered office in Punjab. The Company is engaged in the business of manufacturing forging products, casting products and machined components, which finds its application in a diverse industry.The company has a variety of SKUs such as i) Casting, ii) Machine Tools, and iii) Forging / striking tools. As of 31st August 2023, the Company has 569 Employees on its payroll.

(Read more on the review)

Summary of Financials (All financials in Lakh)

For the Period Ended	Mar-21	Mar-22	Mar-23
Total Assets	13,397.98	18,392.09	18,003.58
Net Assets	4,275.67	4,728.29	5,234.79
Total Borrowings	5,605.35	8,052.83	8,122.80
Total Revenue	13,583.12	15,252.23	17,931.45
Profit After Tax	330.97	452.62	506.50

Tentative Timeline

Opening Date	29-09-2023
Closing Date	05-10-2023
Basis of Allotment	10-10-2023
Initiation of Refunds	11-10-2023
Credit of Shares to Demat	12-10-2023
Listing Date	13-10-2023

Objects of the Issue

Working Capital Requirements

General Corporate Purpose.

Contact Information

Registered Office	Sharp Chucks And Machines Limited A-12 Industrial Development Colony Jalandhar - 144012
Phone	+0181 -2610341
Email	cs@sharpchucks.com
Website	https://sharpchucks.com/index.html

Offer Documents

Sharp Chucks and Machines Limited DRHP

Sharp Chucks and Machines Limited RHP

Registrar Details

Name	Skyline Financial Services Private Limited
Phone	02228511022
Email	ipo@skylinerta.com
Website	https://www.skylinerta.com/ipo.php

IPO Reservation

Anchor Investor Shares Offered	-
Market Maker Shares Offered	148,000 (5.10%)
Other Shares Offered	1,378,000 (47.45%)
Retail Shares Offered	1,378,000 (47.45%)
Total Shares Offered	2,904,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters)	80.28%
Share Holding Post Issue (Promoters)	73.00%