Sharp Chucks And Machines Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹19(32.76%)
Premium (ELP)
Sharp Chucks And Machines Limited's successfully completed its Initial Public Offering and commenced trading on Oct 12, 2023 at the NSE exchange. The company raised 29,04,000 Shares through this public offering, comprising 9,75,484 Shares in fresh capital and ₹11.19 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹58 to ₹58, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from Sep 29, 2023 to Oct 05, 2023.
Share allotment was finalized on Oct 09, 2023, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1994, Sharp Chucks and Machines Limited manufactures forging and graded casting machined components for tractors, automobiles, and other equipment, along with machine tool accessories such as power chucks, lathe chucks, and drill chucks. Its product portfolio spans forging items like hammers, axes, spanners, and wrenches; casting products including brake housings, piston trumpet housings, wheel hubs, and gearboxes; and various machine components. The company operates two manufacturing units in Jalandhar, comprising three foundries with a 30,000 MTPA capacity, machining facilities with 14,400 MTPA capacity, and a forging unit with 3,600 MTPA capacity.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Ajay Sikka
- Ms. Gopika Sikka
Sharp Chucks And Machines Limited
Skyline Financial Services Private Limited