De Neers Tools Limited IPO Detail
Incorporated in 1952, De Neers Tools Limited supplies industrial tools. The company offers spanners, wrenches, pliers, cutters, allen keys, hammers, socketry, screwdrivers, tool kits, tool cabinets, trolleys, etc.
The company's brand name is "De Neers". At present, company has approximately 250 dealers throughout India.
The company also specializes in providing safety tools like non-sparking tools, insulated steel tools, non-sparking insulated tools, stainless steel & magnetic tools, titanium tools along with multiple other hand tools.
De Neers Tools' client list includes Tata Steel, Indian oil, Larsen & Toubro, Assam Petrochemicals, Lohia Corporation, Polycab Cables, Indian Railways, and so on.
Competitive Strengths:
- Experienced directors and management team.
- Distribution system.
- Quality and safety of products.
- Repeat orders.
- Strong supply chain.
Company Promoters
Mr. Neeraj Kumar Aggarwal, Mrs. Shilpy Aggarwal and Mr. Kanav GuptaIPO Details
| IPO Opening Date | Apr 28, 2023 |
| IPO Closing Date | May 03, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 - 101 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹23.00 Cr |
| Fresh Issue | ₹23.00 Cr |
| Offer for Sale | - |
| Retail Discount | ₹38.03% |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.25x | 0.27x | 0.13x |
| Day 2 | 0.00x | - | - | 3.39x | 1.87x | 1.16x |
| Day 3 | 3.72x | - | - | 60.16x | 11.88x | 15.04x |
IPO Tentative Timetable
The De Neers Tools Limited IPO open date is Apr 28, 2023, and the close date is May 03, 2023. The issue may list on May 11, 2023.
| IPO Open Date | Apr 28, 2023 |
| IPO Close Date | May 03, 2023 |
| Basis of Allotment Date | May 08, 2023 |
| Initiation of Refunds | May 09, 2023 |
| Credit of Shares to Demat Account | May 10, 2023 |
| IPO Listing Date | May 11, 2023 |
IPO Lot Size
The De Neers Tools Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹121200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹121200 |
| Maximum | 1 | 1200 | ₹121200 |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 5,570.44 | 7,349.62 | 43.94 |
| 31-Mar-21 | 6,111.28 | 6,211.77 | 65.77 |
| 31-Mar-22 | 9,933.52 | 8,008.68 | 504.42 |
Objects of the Issue:
2. For general corporate purposes and to meet the issue expenses.
De Neers Tools Limited IPO Registrar:
Bigshare Services Pvt Ltd
De Neers Tools Limited IPO Lead Manager(s):
Khambatta Securities Limited
Company Contact Information:
De Neers Tools Limited
P.No. 468, Ground Floor,
Industrial Area, Patparganj,
Delhi – 110 092
