Sharp Chucks And Machines Limited IPO Message Board (Page 3)

Applied
4/2/1/1/1/1/1

Applied HNI

Applied.

LATEST GMP AS ON 05-10-2023 @1:50 PM
10.5

comparison of Sharp Chucks - Plada - Karnika - Vishnusurya IPO

SUGGEST THE PRIORITY OF APPLYING IN FOLLOWING SMES Closing TODAY

1. VISHNU
2. PLKADA
3. Shark
4.KARNIKA

MUST APPLY IPO GMP 15....

GREAT COMPANY

Here's some general information about the usage and demand for power chucks, lathe chucks, drill chucks, and machine tools accessories:

Power Chucks:

Power chucks are used in machining applications to hold and secure workpieces during operations such as turning, milling, and drilling.
They are commonly found in industries like automotive, aerospace, and manufacturing.
Demand for power chucks is closely tied to the overall health of manufacturing industries and economic conditions.

Lathe Chucks:

Lathe chucks are crucial components of lathes used for turning and shaping materials.
They come in various types, including three-jaw chucks and four-jaw chucks.
Demand for lathe chucks depends on the usage of lathes in manufacturing and metalworking industries.

Drill Chucks:

Drill chucks are essential for holding drill bits securely in place during drilling operations.
They are used in construction, woodworking, metalworking, and DIY applications.
The demand for drill chucks can fluctuate with construction and manufacturing activity.
Machine Tools Accessories:

Machine tools accessories encompass a wide range of components and tools used in conjunction with machine tools, including cutting tools, tool holders, and clamping devices.
The demand for these accessories is closely tied to the overall demand for machine tools and manufacturing equipment.
Here are some notable Indian companies in this sector:

Prakash Chucks:

Prakash Chucks is a well-known manufacturer of power chucks and lathe chucks based in India. They offer a range of chucks for various machining applications.

Jaswant Engineering Works:

Jaswant Engineering Works specializes in the production of lathe chucks, including self-centering and independent chucks. They cater to both domestic and international markets.

Apex Precision Agencies:

Apex Precision Agencies is a reputed manufacturer of drill chucks and machine tool accessories. They produce a variety of drill chucks to meet different industrial needs.

C.K.P. Industries:

C.K.P. Industries is known for manufacturing machine tool accessories such as tool holders and collets. They supply their products to industries like automotive and aerospace.

Hakansson Saws India Pvt. Ltd.:

While primarily known for sawing solutions, Hakansson also offers machine tool accessories such as bandsaw blades and cutting tools.

Bison Products:

Bison Products, a part of the Amar Group, manufactures a wide range of chucks, including power chucks, lathe chucks, and drill chucks. They are a well-established name in the industry.

Margin
->PAT: 2-3%
->ROE and ROCE: 8-10%

Customer concentration increasing..top 5 represent 73% of sales.
Export: lumpy
Highly fragmented and huge competition.

This does not excite me.

Additional factors of concerns:

Product demand closely tie up with economic growth..recession, huge challenges.

Such low margin means no barrier to entry, no complex process, no moat.

Skipping it.

Although it may still give listing gains..but I think, in the current market, I should buy only those companies which I can hold.

Sir,
How are you? Thank you very much for your input. On seeing the subscription particulars, I am rather tempted to apply. Time will decide whether my decision is right or wrong.

I am Avoiding this issue
LM is not Good

Company is Good!
Can't Trust LM

​@Arjun Rajkot Company financial good so can take risk.

​@Smile✍️ Have you applied, taking risk as a final call?

GMP

Becoz of sidbi we can take a look. Otherwise for LM Fedex, we cannot forget ipos of yasons and kundan edifice. Both companies traded high in GMP but listing was negative.

Nav 53
Issue price is 58
Gives a great value comfort...

Great valuations of 60 cr... profit is 5 cr...12 pe...very reasonable...great value in company

As sidbi is shareholder I am applying..
Hni can ve 30 +

Good opportunity. St 40000

Sidbi is selling shareholder here...

2014 Investor at Rs 38.89 price is getting Rs 58 ipo price, 49% absolute gain in 9 years.

Borrowing of 90.34cr at 179.31 cr revenue.

Am I missing anything or are these red flags?

"the company issued further equity shares at a price of Rs. 38.89 in July 2014 and August 2014."

​@Coolinvestor सर आप red flags ढूंढ रहे हो या उल्टा बताकर उसकी USP की Advertisement कर रहे हो
😀 😃 😄 😁
आप 🚩 नहीं, 🟢 बता रहे है

Unable to decide whether to apply or to skip. Pros n cons may please be elaborated. Thank you.

Applied from one account in Retail Category. Time will decide whether my decision is a right one or not.

ST 40000 delhi

Skyline registrar.... will avoid

There are so many reasons to avoid here.

1 - LM FedEx (recently burnt my hand in Kundan)
2 - 11 Cr offer for sale in 16 Crore SME IPO.
3 - Registrar Skyline as @anshulji mentioned they are still following T+3 allotment and T+6 listing.

2 mahine ki bat hai... Sb t+3 m aa jaega... As per my communication with Skyline they are also planning to be part of t+3 from this IPO

15 IPOs ek time pe??
Koi majak laga rakha hai kya inhone😬😑

Who is the Managing Director of Sharp Chucks?

Ajay Sikka is being mentioned as promoter and MD. But 5 month old video is with Dhiraj Arora as MD.

This is surprising, company website doesn't mention the name of its MD, why?
https://sharpchucks.com

Nav comes to 53 ... Issue piece 58

Issue is priced ar 1.1 x book value its cheap

Net worth 52 cr
Market cal 61 cr..