Sharp Chucks And Machines Limited
ListedSMEEmerging SME Services · NSE
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.
Price Band
₹58
Issue Size
₹16.84 Cr
Lot Size
2000 shares
GMP
₹19
+32.8%
Est. Listing
₹77
at current GMP
Subscribed
51.28x
overall
Open
29 Sep 2023
Close
5 Oct 2023
Allotment
9 Oct 2023
Refund
10 Oct 2023
Demat Credit
11 Oct 2023
Listing
12 Oct 2023
Last updated 12 days ago
Overall Subscription
51.28x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
38.87x
High Net-Worth
Retail (RII)
63.69x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 1,378,000 | 53,558,000 | 38.87x |
| RETAIL | 1,378,000 | 87,770,000 | 63.69x |
| Total | 2,756,000 | 141,328,000 | 51.28x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 508 | 32,355 | 63.69x |
| HNIs (10L +) | 3 | 117 | 38.87x |
| HNIs (2-10L) | 16 | 622 | 38.87x |
| Total Applications | 527 | 33,094 | 62.80x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Sharp Chucks And Machines Limited Public Issue & Market Profile
Sharp Chucks And Machines Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹16.84 Crores. The shares are offered at a price band of ₹58 to ₹58 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Bidding & Quota Instructions:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,16,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment Reconciliation Schedule:
Allotment reconciliation will be managed by Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-10-11, while un-allotted funds or UPI block mandates will be released on 2023-10-10.
Frequently Asked Questions
What is Sharp Chucks And Machines Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Sharp Chucks And Machines Limited IPO is ₹19 per equity share. Based on the upper price band of ₹58 to ₹58 per equity share, the estimated listing price is ₹77 (+32.8% expected listing gain).
What is the expected profit per lot for Sharp Chucks And Machines Limited IPO?
With a lot size of 2000 shares and current GMP of ₹19, the expected profit per application lot is approx ₹38,000 (+32.8% gain). Minimum application cost is approx ₹1,16,000.
What is the issue size and price band for Sharp Chucks And Machines Limited IPO?
The Sharp Chucks And Machines Limited IPO aggregate issue size is ₹16.84 Crores with an equity price band set at ₹58 to ₹58 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,16,000.
How can I check Sharp Chucks And Machines Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 51.28x (Retail: 63.69x, QIB: 0.00x, NII: 38.87x). You can track live multiples directly on our dedicated subscription page.
Where and when will Sharp Chucks And Machines Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Limited) and the BSE status verification website on or around 2023-10-09. Investors can verify status using PAN card or application number.
When is the listing date for Sharp Chucks And Machines Limited IPO?
Sharp Chucks And Machines Limited shares are scheduled to list on NSE on 2023-10-12.