Sharp Chucks And Machines Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
Back arrow

Sharp Chucks and

CMP

100.35

-2.60 (-2.53%)

₹58

Offer Price

₹ 16.84 Cr

Issue Size

₹ 1,16,000

Min Investment

2,000

Lot size

Time Line

  • 29
    Sep 2023
    Open
  • 05
    Oct 2023
    Close
  • 10
    Oct 2023
    Finalisation of Basis of Allotment
  • 11
    Oct 2023
    Initiation of Refunds
  • 12
    Oct 2023
    Transfer of Shares to Demat Account
  • 12
    Oct 2023
    Listing Date

Objects of the Offer

  • Continue to add to product portfolio by introducing new designs.

  • Expand its customer base.

  • Utilization of existing installed capacity.

  • Continuing focus on improving operational efficiency.

  • Continue to enhance its core strengths by attracting, retaining and training qualified personnel.

Products & Services

  • The Company manufactures forging products, casting products and machined components, that finding its application in a diverse industry.

Strengths

  • In-house manufacturing facilities and Machining Centre.

  • Wide product range and customized product offering.

  • Vast Experience of Promoters.

  • Customer Diversification.

  • Effective quality control checks.

Risks

  • The Company as well as the Independent Director are party to certain tax proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

  • The company Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of the Company as required under the provisions of SEBI (ICDR) Regulations 2018.

  • The company is heavily dependent on the performance of the tractor industry and automobile. Major upsets or slowdown adversely affecting the tractor industry and automobiles and its ancillary industries can impact the business, results of operations, financial condition and cash flows.

  • Substantial portion of the company revenues has been dependent upon its top five clients. The loss of any one or more of the major clients would have a material adverse effect on the business operations and profitability.

  • The company extend significant credit terms to the customers and are subject to counterparty credit risk. Any deterioration in such customers` financial position and their ability to pay or its inability to extend credit in line with market practice may adversely impact the profitability.

Company Promoters

Promoters Holding

Issue For IPO
6.22%
Pre Holding

68.66%

Post Holding

62.44%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 151.91 (12.10%) 176.45 (16.20%) 9.68 (-)
Gross Profit 151.91 (12.10%) 176.45 (16.20%) 9.68 (-)
Net Income 151.91 (12.10%) 176.45 (16.20%) 9.68 (-)
Assets 151.91 (12.10%) 176.45 (16.20%) 9.68 (-)
Liabilities 151.91 (12.10%) 176.45 (16.20%) 9.68 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Sharp Chucks and Machines Ltd 176.45 5.07 143.57 91.23 9.68 0.00 53.50 2.72 0.63
Pritika Engineering Components Ltd 82.32 3.28 96.12 96.12 11.96 3.78 25.16 3.40 1.20
Nelcast Ltd 1,263.97 29.74 1,028.47 1,028.47 6.34 3.42 54.15 2.89 0.65
Bhagwati Autocast Ltd 154.35 7.72 68.10 68.10 22.42 26.80 119.49 11.33 0.31

Book Running Managers

  • Fedex Securities Pvt Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

A-12 Industrial Development,
Colony,
Jalandhar - 144012
Phone : +0181 2610341/0181-2611763 Email : cs@sharpchucks.com www.sharpchucks.com

Offer Related Information

Initial public issue of 29,04,000* equity shares of face value of Rs. 10/- each ("Equity Shares") of Sharp Chucks and Machines Limited ("The Company" or the "Issuer") for cash at a price of Rs. 58/-per equity share (the "Issue Price"), (including a premium of Rs. 48/- per equity share), aggregating to Rs. 16.84 crores ("The Issue"), comprising a fresh issue of 9,75,484 equity shares aggregating up to Rs. 5.66 crores (the "Fresh Issue") and an offer for sale of 19,28,516 equity shares ("Offered... More

Take your research to the next level.
Login now to unlock Exclusive Features!

Take your research to the next level.
Login now to unlock Exclusive Features!

Download Our App On: