Sharp Chucks and Machines Ltd - IPO

Sharp Chucks and Machines Ltd IPO Details

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 allotmentThe face value of the equity shares is Rs. 10/- each and the issue price is 5.8 times of the face value.

Objective of issue

Funding the working capital requirements. General corporate purposes.

Sharp Chucks and Machines Ltd Contact Details

Sharp Chucks and Machines Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - cs@sharpchucks.com

Website - www.sharpchucks.com