Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
De Neers Tools IPO is a book build issue of ₹22.99 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹22.99 crore.
De Neers Tools IPO bidding started from Apr 28, 2023 and ended on May 3, 2023. The allotment for De Neers Tools IPO was finalized on May 8, 2023. The shares got listed on NSE SME on May 11, 2023.
De Neers Tools IPO price band is set at ₹101.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,14,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,42,400.
Khambatta Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Share India Securities Ltd..
Refer to De Neers Tools IPO RHP for detailed Information.
| IPO Date | April 28, 2023 to May 3, 2023 |
| Listing Date | May 11, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹101 per share |
| Issue Price Final | ₹101 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 22,76,400 shares (aggregating up to ₹22.99 Cr) |
| Reserved for Market Maker | 1,15,200 shares Share India Securities Ltd. (aggregating up to ₹1.16 Cr) |
| Net Offered to Public | 21,61,200 shares (aggregating up to ₹21.83 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 63,30,000 shares |
| Share Holding Post Issue | 86,06,400 shares |
De Neers Tools IPO offers total 22,76,400 shares. Out of which 10,78,800 (47.39%) allocated to QIB, 3,25,200 (14.29%) allocated to NII, 7,57,200 (33.26%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,15,200 (5.06%) |
| QIB Shares Offered | 10,78,800 (47.39%) |
| NII (HNI) Shares Offered | 3,25,200 (14.29%) |
| Retail Shares Offered | 7,57,200 (33.26%) |
| Total Shares Offered | 22,76,400 (100.00%) |
De Neers Tools IPO opens on April 28, 2023, and closes on May 3, 2023.
| IPO Open Date | Fri, Apr 28, 2023 |
| IPO Close Date | Wed, May 3, 2023 |
| Tentative Allotment | Mon, May 8, 2023 |
| Initiation of Refunds | Tue, May 9, 2023 |
| Credit of Shares to Demat | Wed, May 10, 2023 |
| Tentative Listing Date | Thu, May 11, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, May 3, 2023 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,21,200 |
| Retail (Max) | 1 | 1,200 | ₹1,21,200 |
| HNI (Min) | 2 | 2,400 | ₹2,42,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1952, De Neers Tools Limited supplies industrial tools. The company offers spanners, wrenches, pliers, cutters, allen keys, hammers, socketry, screwdrivers, tool kits, tool cabinets, trolleys, etc.
The company's brand name is "De Neers". At present, company has approximately 250 dealers throughout India.
The company 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.
De Neers Tools' client list includes Tata Steel, Indian oil, Larsen & Toubro, Assam Petrochemicals, Lohia Corporation, Polycab Cables, Indian Railways, and so on.
Competitive Strengths:
| 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 | ||||||
[Dilip Davda] After average performances for FY20 and FY21, the company posted robust bottom lines for FY22 (two broken periods) and for 7M of FY23. The company operates in a highly competitive and fragmented segment with many big players around. Based on recent super earnings, the issue appears fully priced while based on its track records so far, the issue appears aggressively priced. The small equity capital post-IPO indicates a longer gestation period for migration to the mainboard. There is no harm in skipping this issue. Read detail review...
Financial Period of De Neers Tools Limited:
| Listing Date | May 11, 2023 |
| BSE Script Code | |
| NSE Symbol | DENEERS |
| ISIN | INE0JWV01011 |
| Final Issue Price | ₹101 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹101.00 |
| Open | ₹190.00 |
| Low | ₹180.50 |
| High | ₹190.00 |
| Last Trade | ₹180.50 |
De Neers Tools Ltd.
P.No. 468, Ground Floor,
Industrial Area,
Patparganj,
Delhi, New Delhi, 110092
Phone: 011 47072555
Email: compliance@deneerstools.com
Website: https://deneerstools.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
De Neers Tools IPO is a SME IPO of 22,76,400 equity shares of the face value of ₹10 aggregating up to ₹22.99 Crores. The issue is priced at ₹101 per share. The minimum order quantity is 1200.
The IPO opens on April 28, 2023, and closes on May 3, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in De Neers Tools IPO using UPI as a payment gateway. Zerodha customers can apply in De Neers Tools IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in De Neers Tools IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The De Neers Tools IPO opens on April 28, 2023 and closes on May 3, 2023.
De Neers Tools IPO lot size is 1200, and the minimum amount required for application is ₹1,21,200.
You can apply in De Neers Tools IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for De Neers Tools IPO will be done on Monday, May 8, 2023, and the allotted shares will be credited to your demat account by Wednesday, May 10, 2023. Check the De Neers Tools IPO allotment status.
The De Neers Tools IPO listing date is on Thursday, May 11, 2023.
Useful Articles
RHP