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 name | De Neers Tools Limited |
| Sector | Capital Goods |
| Industry | Engineering-Industrial Equipment |
| Company Website | https://deneerstools.com/ |
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 date | 28 April 2023 |
| IPO Closing | 03 May 2023 |
| Basis of Allotment | 08 May 2023 |
| Initiation Refund | 09 May 2023 |
| Credit to Demat Account | 10 May 2023 |
| Listing Date | 11 May 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹22.99 Cr – 2,276,400 shares |
| Fresh Issue | ₹22.99 Cr – 2,276,400 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹95 to ₹101 per share |
| Lot size | 1200 Shares |
| Retail Allocation | 35% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹121,200 |
| Retail (Max) | 1 | 1200 | ₹121,200 |
| HNI (Min) | 2 | 2,400 | ₹242,400 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 7M FY 2023 | |
| Revenue | 7,349.6 | 6,211.8 | 7,898.7 | 5,602.3 |
| Expenses | 7,289.3 | 6,117.3 | 7,301.7 | 5,049.8 |
| Net income | 55.57 | 54.14 | 504.42 | 386.98 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.69 | 1.04 | 7.97 |
| PE ratio | – | – | 11.92 – 12.67 |
| RONW (%) | 7.76 | 16.90 | 21.17 |
| NAV | 11.31 | 5.06 | 37.63 |
| EBITDA (%) | 2.35 | 4.13 | 10.08 |
| Debt/Equity | 1.92 | 6.77 | 1.53 |
Company Promoters
- Mr. Neeraj Kumar Aggarwal
- Mrs. Shilpy Aggarwal
- Mr. Kanav Gupta
Promoter Holding
| Pre Issue Share Holding | 91.14% |
| Post Issue Share Holding |
Lead Manager(s)
- Khambatta Securities Limited
- Share India Capital Services Private Limited (Past IPO
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
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
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
DE NEERS TOOLS LIMITED
P. No. 468, Ground Floor, Industrial Area,
Patparganj, Delhi – 110 092, India
Phone: 011 47072555
E-mail: compliance@deneerstools.com
Website: www.deneerstools.com
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
