Registered Office:
A-12 Industrial Development,Colony,
Jalandhar - 144012,
Punjab, India.
Phone : +0181 2610341/0181-2611763
Fax : NA
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.
Opens On
Closes On
Application
Allotment
29-Sep-23
05-Oct-23
58.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
2000
Further Multiples of :
2000
(Rs.Cr)
Lead Managers to the Issue
Project Cost
3.06
Fedex Securities Pvt Ltd