Sharp Chucks And Machines Limited IPO Message Board (Page 4)

comes at low pe against peers

Company is into forginga 25 year's old company backed by SIDBI...

FIRST TIME EVER SIDBI IS IN SMW SECTOR...

sector ia good have great companies in defence and automotive

Promoter are qualified

ST 40000...

GOOD COMPNAY IN FORGIGS GOOD SUPPLYING ...TO OEMS

EXPT
HNI 40_50
RETAIL 40

Company financials are good, but Lm is Fedex , which is the only deterrent. Otherwise I would apply without second thought. Will have to study the RHP, and then take a decision

Apply kar deta par FedEx dekhe man badal Raha hai

You never know what it might deliver but u know at what time it would

Interesting Fact:

Sidbi invested in Sharp Chunks
They are Shareholders in the company.

If SIDBI has invested seems Great corporate Governance.

*Sharp Chucks and Machines Limited is coming up with an IPO*

*Sharp Chucks and Machines Limited*, formerly known as "Sharp Garden Implements Private Limited," was founded in 1994 in Jalandhar, Punjab. Over the years, the company has undergone various transformations in name and corporate structure, ultimately becoming "Sharp Chucks and Machines Limited" as of December 20, 2022. The Company established its first manufacturing plant in 1994.

*Distinguished by its commitment to sustainability*, Sharp Chucks and Machines Limited employs environmentally conscious practices in its operations. The company prides itself on *using waste materials in the production of its high-quality products, contributing to a more sustainable and eco-friendly manufacturing process*. It harnesses these waste materials to enhance efficiency and minimize environmental impact while maintaining its unwavering dedication to meeting stringent quality standards. The company operates two advanced manufacturing units in Jalandhar, equipped with cutting-edge technologies and significant production capacities, further solidifying its position as an industry leader in both quality and sustainability.

In the fiscal year 2023, the company achieved significant financial milestones, recording a *Revenue of ₹ 176.45 Crore*, an impressive *EBITDA of ₹ 18.52 Crore*, and a *Profit After Tax of ₹ 5.06 Crore*.

*IPO Details*
*IPO dates:* Sept 29 - Oct 04, 2023
*IPO Size:* ₹ 16.84 Crore
*Fresh Issue:* 9,75,484 Equity Shares
*Offer for Sale:* 19,28,516 Equity Shares
*Fixed Price:* ₹ 58
*Lot Size:* 2000 Equity Shares
*Listing on:* NSE EMERGE platform.

The selling shareholders in the OFS is SIDBI Trustee Company Limited A/C India Opportunities Fund. Its the first OFS by a PE fund via SME IPO.

st 40000 must apply .... great company

Application      Lots      Shares      Amount

Retail (Min)      1      1200      ₹69,600
Retail (Max)      2      2400      ₹139,200 Why lots size change

i guess it's wrongly mentioned here.
RII: 2000 shares @ ₹58 = ₹116000

Sector PE 25 while company coming on PE of just 11 , intresting

Ipo pricing will be key factor.. Other wise looking good at first sight

Looks like it should list at 8-10% premium.

​@Abhii VPG Tata Technologies GMP is running since 1 month. Even I had doubt. Later understood it's correct.

​@Dunki I know & its more than 2 months now for Tata technologies ipo gmp.
But before issue price how can we calculate premium!