De Neers Tools IPO Details | GMP, Date, Price, Review, Size

De Neers Tools IPO Details De Neers Tools IPO GMP, De Neers Tools IPO Date, De Neers Tools IPO Price, De Neers Tools IPO Review, De Neers Tools IPO Allotment

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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 EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

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 DateApr 28, 2023 to May 3, 2023
Listing DateThursday, May 11, 2023
Face Value₹10 per share
Price₹95 to ₹101 per share
Lot Size1200 Shares
Issue Size2,276,800 shares
(aggregating up to ₹23.00 Cr)
Fresh Issue2,276,800 shares
(aggregating up to ₹23.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
QIB Shares Offered25.04% of the Offer
NII (HNI) Shares Offered36.92% of the Offer
Retail Shares Offered38.03% of the Offer
Company PromotersMr. 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.

Opening DateApr 28, 2023
Closing DateMay 3, 2023
Basis of AllotmentMay 8, 2023
Initiation of RefundsMay 9, 2023
Credit of Shares to DematMay 10, 2023
Listing DateMay 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.

Retail (Min)11200₹121,200
Retail (Max)11200₹121,200
S-HNI (Min)22400₹242,400

De Neers Tools IPO Promoter Holding

Pre Issue Share Holding91.14%
Post Issue Share Holding67.03%

De Neers Tools IPO Valuation – FY2022

Earning Per Share (EPS)₹7.97 per Equity Share
Price/Earning P/E Ratio13.10
Return on Net Worth (RoNW)21.17%
Net Asset Value (NAV)₹37.63 per Equity Share

De Neers Tools Ltd Key Performance Indicator

Market Cap (₹ Cr.)63.93
P/E (x)13.10

De Neers Tools Ltd Peer Comparison

Company NameConsolidated/
De Neers Tools
Listed Peers
Taparia Tools

De Neers Tools IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject 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.


De Neers Tools IPO Prospectus

De Neers Tools IPO DRHPDownload
De Neers Tools IPO RHPDownload

De Neers Tools IPO Rating

Our Rating2.0/5.0

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
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
Investor Grievance Email:
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
Investor Grievance Email:
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?

Click Here to see how to apply for De Neers Tools IPO from Upstox. (step by step)

How to apply for De Neers Tools IPO from Zerodha?

Click Here to see how to apply for De Neers Tools IPO from Zerodha. (step by step)

How to apply for De Neers Tools IPO from Angle One?

Click Here to see how to apply for De Neers Tools IPO from Angle One. (step by step)

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