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IPO

IPO Details


Sharp Chucks and Machines Ltd
Registered Office: A-12 Industrial Development, Colony, Jalandhar - 144012, Punjab
Phone: +0181 2610341/0181-2611763
Email: cs@sharpchucks.com
Website: www.sharpchucks.com
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 Shares") by Sidbi Trustee Company Limited A/C India Opportunities Fund (aggregating to Rs. 11.18 crores ("Offer for Sale"), and together with the fresh issue, the "Offer"). the 1,48,000 equity shares of face value of Rs. 10/- for cash at a price of Rs. 58/- per equity share (the "Issue Price"), (including a premium of Rs. 48/- per equity share), aggregating Rs. 0.86 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 27,56,000 equity shares of face value of Rs. 10/- each 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. 15.98 crores is here in after referred to as the "Net Issue". The issue and the net issue will constitute 26.99% and 25.61% respectively of the post issue paid up equity share capital of the company. *Subject to finalisation of basis of allotment The face value of the equity shares is Rs. 10/- each and the issue price is 5.8 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
29-Sep-2023 05-Oct-2023 ₹ 58.00 ₹ 0.00
Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0
(₹)Cr. Lead Managers to the Issue
Project Cost 3.06 Fedex Securities Pvt Ltd
Project Financed through Current Offer 16.84
Post Issue Equity Share Capital 10.76
Issue Price ₹58.00
Projects
Funding the working capital requirements
General corporate purposes
Promoted By
Ajay Sikka
Gopika Sikka
Listing At
NSE - SME
Registrar to the Issue

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