What is the issue size of Sharp Chucks and Machines IPO?

The issue size of the Sharp Chucks and Machines IPO is Rs 16.84 cr

What is 'pre-apply' for Sharp Chucks and Machines IPO?

Pre-apply will alow you to apply for the Sharp Chucks and Machines IPO 2 days before the subscription period starts.

If I pre-apply for Sharp Chucks and Machines IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Sharp Chucks and Machines IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Sharp Chucks and Machines IPO order is placed?

We will notify you when your Sharp Chucks and Machines IPO order is placed with the exchange.

What are the open and close dates of the for Sharp Chucks and Machines IPO?

Sharp Chucks and Machines IPO will be open between 29 Sept - 4 Oct, 2023.

What is the lot size and minimum order quantity of the Sharp Chucks and Machines IPO?

Sharp Chucks and Machines Limited IPO lot size is 2000 shares.

What are the allotment dates for the Sharp Chucks and Machines IPO?

Sharp Chucks and Machines IPO allotment date is 9 Oct, 2023. For Sharp Chucks and Machines IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Sharp Chucks and Machines IPO?

Sharp Chucks and Machines IPO registrar is Skyline Financial Services Private Ltd. You can check Sharp Chucks and Machines IPO allotment status on the website of the registrar.

Where is the Sharp Chucks and Machines IPO getting listed?

The shares are proposed to be listed on NSE SME.

Sharp Chucks IPO

Sharp Chucks And Machines Limited

₹1,16,000 /2000 sharesMinimum Investment

Sharp Chucks IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹58.00₹66.00₹8.00 (13.79%)
Sharp Chucks IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
29 Sep ‘23 - 5 Oct ‘23₹1,16,0002,000₹58 - ₹58
Issue SizeIPO Doc
16.84CrRHP PDF
About Sharp ChucksSharp Chucks commenced its manufacturing operations back in 1994, establishing its inaugural plant in Jalandhar.
The company specializes in crafting forging and graded casting machined components for tractors and automobiles. Additionally, it's active in the production of power chucks, lathe chucks, drill chucks, and other machine tools accessories, catering to both the Indian automobile sector and OEMs. Their products have wide-ranging applications across tractor manufacturing, automotive production, material handling, earth-moving equipment, railways, defense, machine tools, and the DIY industry.
In addition to their standard offerings, Sharp Chucks customizes components to meet specific customer requirements. They extend their personalized services to a robust customer base in both Indian and international markets. Currently, it offers a range of SKUs in machine tools, forged and casted automobile parts, with plans to further expand its product portfolio.;
Parent Organisation
Sharp Chucks And Machines Limited
Founded
1994
Managing Director
Mr. Ajay Sikka
Strengths & Risks
Currently, Sharp Chucks operates two manufacturing facilities in Jalandhar. These facilities comprise three foundries with a total production capacity of 30,000 metric tons per annum (MTPA). 
Machining facilities are equipped with VMC, CNC, and other machinery, with a combined installed capacity of 14,400 MTPA. Moreover, a forging unit includes hammers and billiard heaters with an installed capacity of 3,600 MTPA.
Sharp Chucks initially started its business by manufacturing drill chucks and lathe chucks. Over time, the company has diversified its product portfolio, including customized castings. The company has also ventured into the forging business, specifically in the field of DIY tools.
The company received recognition for its performance from customers, such as the 'Excellent Performance in the field of Escorts Supplier Quality Systems Improvement Audit' in July 2021, the 'Best SCM Performance Award' from a prominent automotive and farm equipment company for outstanding performance in 2009-10, and commendation for 'Support and Contribution in the timely development of parts & supply during the harvesting season amid Covid-19' from a tractor brand.
Sharp Chucks' in-house machining center is equipped with various resources, including induction furnaces with 1500, 1000, and 500 kilograms capacities. 
The facility also houses CAD and CAM facilities and software such as Auto-CAD, SolidWorks, and Solid Edge. CNC machines, including vertical milling machines, turning centers, HMC machines, and conventional lathes, are available for production.
The company's products are distributed both in domestic and international markets. Sharp Chucks has been exporting its products since its inception. 
As of March 31, 2023, the company exports to various countries, including but not limited to the USA, Russia, Italy, Germany, Sweden, Venezuela, and Croatia.
Sharp Chucks, the company, and its Independent Director find themselves involved in certain tax proceedings. Any unfavorable outcomes from these proceedings could significantly harm the company's business, financial condition, and operational results.
The company's fortunes are closely tied to the performance of the tractor and automobile industries. Any major disruptions or slowdowns in these sectors, including their associated industries, could negatively impact its business, financial condition, and cash flows.
In the last three years, 2023, 2022, and 2021, top 5 clients accounted for 73.78%, 65.58%, and 68.55% of the company's revenues, respectively. Losing one or more of these major clients would severely affect the company's operations and profitability. 
Sharp Chucks extends significant credit terms to its customers, making it vulnerable to counterparty credit risk. If customers' financial positions deteriorate or the company cannot extend credit in line with market norms, it could negatively impact profitability.
The company heavily relies on third-party suppliers for its raw materials, with limited control over them. Obtaining the necessary quality raw materials promptly and in sufficient quantities can significantly affect the company's operational results.
The top ten suppliers of Sharp Chucks constituted 69.61%, 88.31%, and 63.51% of the total purchases in 2023, 2022, and 2021, respectively.
Sharp Chucks' business is closely tied to its manufacturing facilities in Jalandhar, India. Any loss or shutdown of these facilities could adversely affect the company's business and operational results.
The company has availed a total sum of Rs. 819.91 Lakhs as of March 31, 2023, which may be called back at any time.
Negative cash flows have been a recurring issue for Sharp Chucks from its operating, investing, and financing activities. Such occurrences in the future could hinder the company's growth and business.
The company faces foreign exchange risks that could have adverse effects on its operational results and cash flows.
As of March 31, 2023, Sharp Chucks had total short-term borrowings of Rs. 5,042.76 lakhs and long-term borrowings of Rs. 3,080.04 lakhs.
The company's contingent liabilities have the potential to significantly and adversely impact its business, operational results, and financial condition.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹58 - 58₹2 Lakh
High Networth Individual₹58 - 58₹2 - 5 Lakh
For Sharp Chucks IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹58.00	₹66.00	₹8.00 (13.79%)

Bidding Dates	Min. Investment	Lot Size	Price Range
29 Sep ‘23 - 5 Oct ‘23	₹1,16,000	2,000	₹58 - ₹58

Issue Size	IPO Doc
16.84Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹58 - 58	₹2 Lakh
High Networth Individual	₹58 - 58	₹2 - 5 Lakh

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