De Neers Tools Limited, established in 1952, is a prominent supplier of industrial tools, catering to diverse needs in the market. The company’s product range encompasses an extensive selection of tools, including spanners, wrenches, pliers, cutters, allen keys, hammers, socketry, screwdrivers, tool kits, tool cabinets, trolleys, and more.
Operating under the brand name “De Neers,” the company has developed a robust presence in the industry, boasting a network of around 250 dealers spread across India.
One of the company’s notable specializations lies in providing safety tools, such as non-sparking tools, insulated steel tools, non-sparking insulated tools, stainless steel & magnetic tools, titanium tools, and various other hand tools. This focus on safety tools has earned De Neers Tools recognition and trust in the market.
De Neers Tools has garnered an impressive client list, which includes esteemed names like Tata Steel, Indian Oil, Larsen & Toubro, Assam Petrochemicals, Lohia Corporation, Polycab Cables, Indian Railways, and many others. This diverse clientele speaks volumes about the company’s reputation and reliability.
The company’s competitive strengths further reinforce its position in the market. It benefits from an experienced team of directors and management professionals, who bring valuable expertise to the table. The well-established distribution system ensures smooth access to customers across the country.
De Neers Tools places a strong emphasis on product quality and safety, garnering the trust of its customers, leading to repeat orders and long-term relationships. The company’s robust supply chain further enhances its ability to meet customer demands efficiently.
Overall, De Neers Tools Limited stands as a reputable and competitive player in the industrial tools market, providing high-quality products and comprehensive solutions to its valued customers.
De Neers Tools Limited Stock Quote #
- Open: ₹251.70
- High – Low: ₹254.95 – ₹248.00
- Previous Close: ₹251.70
- Total Traded Value: 13,200
- Updated On: Jul 21, 2023 4:00 PM
De Neers Tools IPO Details #
| IPO Date | Apr 28, 2023 to May 3, 2023 |
| Listing Date | May 11, 2023 |
| Face Value | ₹10 per share |
| Price | ₹95 to ₹101 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,276,400 shares (aggregating up to ₹22.99 Cr) |
| Fresh Issue | 2,276,400 shares (aggregating up to ₹22.99 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 115,200 shares Share India Securities |
De Neers Tools IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 115,200 (4.82%) |
| QIB Shares Offered | 1,138,200 (47.59%) |
| NII (HNI) Shares Offered | 341,460 (14.28%) |
| Retail Shares Offered | 796,740 (33.31%) |
| Total Shares Offered | 2,391,600 (100%) |
De Neers Tools IPO Timetable (Tentative) #
De Neers Tools IPO opens on Apr 28, 2023, and closes on May 3, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 28 April 2023 |
| Closing Date | Wednesday, 3 May 2023 |
| Basis of Allotment | Monday, 8 May 2023 |
| Initiation of Refunds | Tuesday, 9 May 2023 |
| Credit of Shares to Demat | Wednesday, 10 May 2023 |
| Listing Date | Thursday, 11 May 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 3, 2023 |
De Neers Tools IPO Lot Size #
The De Neers Tools IPO lot size is 1200 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹121,200 |
| Retail (Max) | 1 | 1200 | ₹121,200 |
| HNI (Min) | 2 | 2,400 | ₹242,400 |
| Lot Size Calculator | |||
De Neers Tools IPO Promoter Holding #
Mr. Neeraj Kumar Aggarwal, Mrs. Shilpy Aggarwal, and Mr. Kanav Gupta are the company promoters.
| Pre Issue Share Holding | 91.14% |
| Post Issue Share Holding |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 5,570.44 | 7,349.62 | 43.94 | 704.24 | 712.87 | 484.58 |
| 31-Mar-21 | 6,111.28 | 6,211.77 | 65.77 | 320.47 | 317.42 | 1,147.84 |
| 31-Mar-22 | 9,933.52 | 8,008.68 | 504.42 | 2,382.27 | 654.27 | 2,435.85 |
| 31-Oct-22 | 12,558.14 | 5,602.65 | 386.98 | 3,044.13 | 411.13 | 2,406.42 |
| Amount in ₹ Lakhs | ||||||
2. For general corporate purposes and to meet the issue expenses.
De Neers Tools IPO Subscription Status (Bidding Detail) #
The De Neers Tools IPO is subscribed 15.04 times on May 3, 2023 7:29:00 PM. The public issue subscribed 11.88 times in the retail category, 3.72 times in the QIB category, and 60.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 3.72 |
| NII | 60.16 |
| Retail | 11.88 |
| Total | 15.04 |
Total Application : 7,889 (11.88 times)
Financial Period of De Neers Tools Limited:
- July 25, 2021 figuers are for the Period from 1st April 2021 to 25th July 2021.
- October 31, 2022 figuers are for the Period from 1st April 2022 to 31st October 2022.
De Neers Tools IPO Prospectus #
- De Neers Tools IPO DRHP
- De Neers Tools IPO RHP
De Neers Tools IPO Listing Details #
| Listing Date | May 11, 2023 |
| BSE Script Code | |
| NSE Symbol | DENEERS |
| ISIN | INE0JWV01011 |
| Final Issue Price | ₹101 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹101.00 |
| ₹190.00 |
| ₹180.50 |
| ₹190.00 |
| ₹180.50 |
Company Contact Information
P.No. 468, Ground Floor,
Industrial Area, Patparganj,
Delhi – 110 092
Phone: 011 47072555
Email: compliance@deneerstools.com
Website: https://deneerstools.com/
De Neers Tools IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
De Neers Tools IPO Lead Manager(s) #
- Khambatta Securities Limited (Past IPO Performance)
- Share India Capital Services Private Limited (Past IPO Performance)
Frequently Asked Questions #
What is the business of De Neers Tools Limited? #
De Neers Tools Limited is in the business of manufacturing and marketing industrial and hand tools. They offer a wide range of products, including spanners, wrenches, pliers, cutters, Allen keys, hammers, socketry, screwdrivers, tool kits, tool cabinets, trolleys, safety tools, and more.
When is the IPO date for De Neers Tools IPO? #
The De Neers Tools IPO was open for subscription from April 28, 2023, to May 3, 2023.
What is the total issue size and listing date of De Neers Tools IPO? #
The total issue size of De Neers Tools IPO is 2,276,400 shares, aggregating up to ₹22.99 crores. The listing date for De Neers Tools IPO is May 11, 2023.
What is the IPO price and lot size for De Neers Tools IPO? #
The IPO price for De Neers Tools IPO was set in the price band of ₹95 to ₹101 per equity share. The lot size for the IPO is 1200 shares.
What are the competitive strengths of De Neers Tools Limited? #
De Neers Tools Limited’s competitive strengths include an experienced directors and management team, a strong distribution system, focus on quality and safety of products, the ability to generate repeat orders, and a robust supply chain.
Who are the promoters of De Neers Tools Limited? #
Mr. Neeraj Kumar Aggarwal, Mrs. Shilpy Aggarwal, and Mr. Kanav Gupta are the promoters of De Neers Tools Limited.
What are the financial performance indicators of De Neers Tools Limited? #
As of the latest available data, for the financial year ended October 2022, De Neers Tools Limited reported an EPS (Earnings Per Share) of ₹7.97 and a Return on Net Worth (RoNW) of 21.17%.
What is the review of De Neers Tools IPO? #
The review highlights that De Neers Tools Limited is in the business of manufacturing and marketing hand tools and showed a significant improvement in earnings for FY23. However, it operates in a highly competitive and fragmented segment. The issue is considered fully priced based on its recent earnings, and investors may consider avoiding it.
Please note that the information provided in the FAQs is based on the data available as of May 3, 2023. For the latest updates and detailed information, please refer to the official sources and the prospectus of De Neers Tools IPO.
