De Neers Tools IPO

De Neers Tools IPO will open for subscription from 28 April 2023. the company aims for an issue size of ₹22.99 Cr through this IPO.

About Company

Incorporated in 1952, De Neers Tools supplies industrial tools. Its extensive range of products includes spanners, wrenches, pliers, cutters, Allen keys, hammers, sockets, screwdrivers, tool kits, tool cabinets, trolleys, etc. It 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.

The company’s brand name is ‘De Neers’. At present, the company has approximately 250 dealers throughout India. De Neers Tools is widely accepted by dealers/distributors, and hardware suppliers throughout India. Its ultimate clients include some of the leading OEMs like Tata Steel, Indian Oil, Larsen & Toubro, Assam Petrochemicals, Lohia Corporation, Polycab Cables, Indian Railways, etc.

Basic details about the company

Full nameDe Neers Tools Limited
SectorCapital Goods
IndustryEngineering-Industrial Equipment
Company Website

The Objective of the Issue

  • To meet the working capital requirements of the company.
  • For general corporate purposes and to meet the issue expenses.

IPO Timetable

IPO Opening date28 April 2023
IPO Closing03 May 2023
Basis of Allotment08 May 2023
Initiation Refund09 May 2023
Credit to Demat Account10 May 2023
Listing Date11 May 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹22.99 Cr – 2,276,400 shares
Fresh Issue₹22.99 Cr – 2,276,400 shares
Offer for saleNil
Face value₹10 per share
Price Band₹95 to ₹101 per share
Lot size1200 Shares
Retail Allocation35%
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)11200₹121,200
Retail (Max)11200₹121,200
HNI (Min)22,400₹242,400

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2020FY 2021FY 20227M FY 2023
Net income55.5754.14504.42386.98
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio11.92 – 12.67
RONW (%)7.7616.9021.17
EBITDA (%)2.354.1310.08

Company Promoters

  • Mr. Neeraj Kumar Aggarwal
  • Mrs. Shilpy Aggarwal
  • Mr. Kanav Gupta

Promoter Holding

Pre Issue Share Holding91.14%
Post Issue Share Holding

Lead Manager(s)

  • Khambatta Securities Limited
  • Share India Capital Services Private Limited (Past IPO

IPO Registrar

Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200

Contact Details

P. No. 468, Ground Floor, Industrial Area,
Patparganj, Delhi – 110 092, India
Phone: 011 47072555

Allotment Status

De Neers Tools IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.

Final thoughts

De Neers Tools IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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