Sharp Chucks And Machines Ltd. has announced public offering of 2904000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 48.00 per share. The gross proceeds of the issue are expected to be Rs 1,684.32 lakhs.

The company's initial public offer (IPO) will open on 29 September 2023 and is expected to close on 04 October 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 2904000 Equity Shares of the Company at an price of Rs 58.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Sharp Chucks And Machines Ltd. anticipates using the proceeds of the issue for .

Fedex Securities Private Limited as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.