De Neers Tools IPO Details ( De Neers Tools Limited IPO Review )
(28 Apr 2023 – 03 May 2023)
De Neers Tools Limited has been supplying industrial tools since its inception in 1952. Its product line includes a wide range of tools such as spanners, wrenches, pliers, cutters, allen keys, hammers, socketry, screwdrivers, tool kits, tool cabinets, trolleys, and more.
“De Neers” is the brand name of the company. Currently, the company has about 250 dealers across India.
In addition to its regular product line, the company specializes in providing safety tools, including non-sparking tools, insulated steel tools, non-sparking insulated tools, stainless steel and magnetic tools, titanium tools, and various other hand tools.
De Neers Tools’ client list boasts of renowned names such as Tata Steel, Indian Oil, Larsen & Toubro, Assam Petrochemicals, Lohia Corporation, Polycab Cables, Indian Railways, among others.
De Neers Tools Limited Company Product
- Abrasives
- Allen Key
- Bearing Puller
- Chiesels
- Clamp
- Cutters
- Cutting Blades
- Files
- Hacksaw Blade
- Hacksaw Frame
- Hammers
- Insulated Steel
- Lubrication Tools
- Miscellaneous
- Non Sparking
- Non sparking Insulated
- Pliers
- Power Tools
- Puller
- Screw Drivers
- Socketry
- Spanners
- Stainless Steel
- Tool Boxes
- Tool Cabinets
- Tool Kit
- Vices
- Wrenches
De Neers Tools Limited IPO Competitive Strength
- Experienced directors and management team
- Distribution system
- Quality and safety of products
- Repeat orders
- Strong supply chain
De Neers Tools IPO Financials Performance ( Results )
De Neers Tools Limited Financial Information ( Restated )
All Amount in ₹ Lakhs
Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
31-Mar-20 | 5,570.44 | 7,349.62 | 43.94 | 0.69 | 704.24 | 11.13 | 712.87 | 484.58 |
31-Mar-21 | 6,111.28 | 6,211.77 | 65.77 | 1.04 | 320.47 | 5.06 | 317.42 | 1,147.84 |
25-Jul-21 | 6,664.50 | 1,879.68 | 5.22 | 0.08 | 1,399.87 | 22.11 | 1,396.87 | 426.06 |
31-Mar-22 | 9,933.52 | 8,008.68 | 504.42 | 7.97 | 2,382.27 | 37.63 | 654.27 | 2,435.85 |
31-Oct-22 | 12,558.14 | 5,602.65 | 386.98 | 6.11 | 3,044.13 | 48.09 | 411.13 | 2,406.42 |
Objective of IPO Issue
- To meet the working capital requirements of the company.
- For general corporate purposes and to meet the issue expenses.
De Neers Tools IPO Basic Details
IPO Date | Apr 28, 2023 to May 3, 2023 |
Listing Date | Thursday, May 11, 2023 |
Face Value | ₹10 per share |
Price | ₹95 to ₹101 per share |
Lot Size | 1200 Shares |
Issue Size | 2,276,800 shares (aggregating up to ₹23.00 Cr) |
Fresh Issue | 2,276,800 shares (aggregating up to ₹23.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
QIB Shares Offered | 25.04% of the Offer |
NII (HNI) Shares Offered | 36.92% of the Offer |
Retail Shares Offered | 38.03% of the Offer |
Company Promoters | Mr. Neeraj Kumar Aggarwal, Mrs. Shilpy Aggarwal, Mr. Kanav Gupta. |
De Neers Tools IPO Timetable
De Neers Tools IPO will open on Apr 28, 2023 and close on May 03, 2023. You can join De Neers Tools IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
Event | Date |
Opening Date | Apr 28, 2023 |
Closing Date | May 3, 2023 |
Basis of Allotment | May 8, 2023 |
Initiation of Refunds | May 9, 2023 |
Credit of Shares to Demat | May 10, 2023 |
Listing Date | May 11, 2023 |
De Neers Tools IPO Lot Size
For retail investors in De Neers Tools IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹121,200. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹121,200.
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 1200 | ₹121,200 |
Retail (Max) | 1 | 1200 | ₹121,200 |
S-HNI (Min) | 2 | 2400 | ₹242,400 |
De Neers Tools IPO Promoter Holding
Pre Issue Share Holding | 91.14% |
Post Issue Share Holding | 67.03% |
De Neers Tools IPO Valuation – FY2022
Earning Per Share (EPS) | ₹7.97 per Equity Share |
Price/Earning P/E Ratio | 13.10 |
Return on Net Worth (RoNW) | 21.17% |
Net Asset Value (NAV) | ₹37.63 per Equity Share |
De Neers Tools Ltd Key Performance Indicator
KPI | Values |
Market Cap (₹ Cr.) | 63.93 |
P/E (x) | 13.10 |
De Neers Tools Ltd Peer Comparison
Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | P/BV Ratio |
De Neers Tools Limited | Standalone | 10 | 7.97 | – | 21.33% | 37.63 | – |
Listed Peers | |||||||
Taparia Tools Limited | Standalone | 10 | 214.41 | 0.05 | 27.59% | 783.20 | 0.01 |
De Neers Tools IPO GMP Live Update, Kostak Rate day by day
Date | GMP | Kostak | Subject to |
03 May 2023 | ₹5 | – | – |
02 May 2023 | ₹4 | – | – |
01 May 2023 | ₹4 | – | – |
30 April 2023 | ₹4 | – | – |
29 April 2023 | ₹4 | – | – |
28 April 2023 | ₹2 | – | – |
De Neers Tools IPO Detail Video:
De Neers Tools IPO Subscription Status (Bidding Detail)
The De Neers Tools IPO on May 3, 2023 at 7:29:00 PM was subscribed 15.04 times, with the retail category being subscribed 11.88 times, the NII (Non-Institutional Investor) category being subscribed 60.16 times and the QIB (Qualified-Institutional Buyers) category being subscribed 3.72 times.
Category | Subscription |
QIB | 3.72x |
NII | 60.16x |
Retail | 11.88x |
Total | 15.04x |
De Neers Tools IPO Prospectus
De Neers Tools IPO Rating
Our Rating | 2.0/5.0 |
De Neers Tools Compnay Contact Information
De Neers Tools Limited
Registered Office: P. No. 468, Ground Floor, Industrial Area,
Patparganj, Delhi – 110 092, India.
Tel.: 011 47072555
Email: compliance@deneerstools.com
Website: www.deneerstools.com
Contact Person: Mr. Kanav Gupta, Chief Financial Officer
Promoters Of Our Company: Mr. Neeraj Kumar Aggarwal,
Mrs. Shilpy Aggarwal, Mr. Kanav Gupta
De Neers Tools IPO Registrar
Bigshare Services Private Limited
Address: S6-2, 6th Pinnacle business Park, Mahakali Caves
Road, Next to Ahura Centre, Andheri East, Maharashtra –
400093,Maharashtra, India
Tel.: 022 6263 8200
Fax: 022 6263 8299
E-Mail: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Swapnil Kate
SEBI Regn. No.: INR000001385
De Neers Tools IPO Lead Manager
Khambatta Securities Limited
Address: 1 Ground Floor, 7/10, Botawala Building, 9 Bank
Street, Horniman Circle, Fort, Mumbai, Maharashtra –
400 001, India
Tel: 011-41645051, 022-66413315
Email: ipo@khambattasecurities.com
Investor Grievance Email: mbcomplaints@khambattasecurities.com
Website: www.khambattasecurities.com
Contact Person: Mr. Vipin Aggarwal; Mr. Vinay Pareek
SEBI Registration No.: INM000011914
De Neers Tools IPO FAQs
What is the lot size of De Neers Tools IPO?
The total size of De Neers Tools IPO is ₹23.00 crores and this is a complete fresh Issue.
When will De Neers Tools IPO start?
De Neers Tools IPO will Open from 28 April 2023 and IPO will Close on 03 May 2023.
What is the open date of De Neers Tools IPO?
De Neers Tools IPO will open date from 28 April 2023.
What is the last date ( close date ) of De Neers Tools IPO?
De Neers Tools IPO will close from 03 May 2023.
What is the price band of De Neers Tools IPO?
De Neers Tools IPO price band is ₹95 to ₹101. ( Upper Price Band: ₹101, Lower Price Band: ₹95 )
What is the minimum amount required to apply for De Neers Tools IPO?
The minimum investment for retailers to apply for De Neers Tools IPO is ₹121,200 and the maximum investment is ₹121,200.
What is going on gray market premium of De Neers Tools IPO?
View gray market premium of De Neers Tools IPO by Clicking Here
How much is the GMP of De Neers Tools IPO?
Watch De Neers Tools IPO GMP Today: Click Here
What is the allotment date of De Neers Tools IPO?
The allotment date of De Neers Tools IPO is 08 May 2023.
How to check allotment status in De Neers Tools IPO?
To check the allotment status of De Neers Tools IPO, first of all go to the registrar website by clicking here, select your bad De Neers Tools IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of De Neers Tools IPO?
The Listing Date of De Neers Tools IPO is 11 May 2023.
How much will be the listing gain in De Neers Tools IPO?
View listing gain of De Neers Tools IPO by Clicking Here
How much time De Neers Tools IPO is subscribed?
Total 15.04 times subscribed in De Neers Tools IPO out of which 11.88 times subscription was done in retail quota, 60.16 times subscription in NII quota and 3.72 times subscription in QIB quota.
How to apply for De Neers Tools IPO from Upstox?
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How to apply for De Neers Tools IPO from Zerodha?
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How to apply for De Neers Tools IPO from Angle One?
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