| 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.
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