Sharp Chucks and Machines Limited IPO Opened on 29th September, 2023

• Non-Institutional Investors (NII) – Up To 13,78,000 Equity Shares

• Retail Individual Investors (RII) – Up To 13,78,000 Equity Shares

• Market Maker – 1,48,000 Equity Shares

The net proceeds from the IPO will be utilized for funding working capital requirements and for general corporate purposes. The issue closes on 05th October, 2023.

The Lead Manager to the Issue is Fedex Securities Private Limited. The Registrar to the Issue is Skyline Financial Services Private Limited.

Mr. Ajay Sikka, Promoter & Managing Director of Sharp Chucks and Machines Limited said, “Sharp Chucks and Machines Limited is embarking on an exciting journey towards growth and innovation as we take the momentous step of going public. With a rich legacy spanning a remarkable 25 years, we have established ourselves as a reputable manufacturer and exporter in the industry. Our global footprint, extending across 30 countries, stands as a testament to our commitment to delivering high-quality lathe and power chucks, machine tools, and accessories. The IPO will serve as the catalyst for our growth, empowering us with the capital necessary to meet our working capital requirements and further our general corporate objectives. With a steadfast team and a devoted customer base, we are well-positioned for a prosperous and dynamic future.”

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