Bookbuilding IPO | ₹23 Cr | Listed at NSE SME | Fri, Apr 28, 2023 - Wed, May 3, 2023
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,21,200 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Apr 28, 2023
IPO Close
Wed, May 3, 2023
Issue Price
₹101 per share
Market Cap (Pre-IPO)
₹86.92 Cr
| IPO Date | 28 Apr to 3 May, 2023 |
| Listed on | Thu, May 11, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹101 |
| Issue Price | ₹101 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 22,76,400 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 1,15,200 shares Share India Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 21,61,200 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 21,61,200 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 63,30,000 shares |
| Share Holding Post Issue | 86,06,400 shares |
| NSE Symbol | DENEERS |
| ISIN | INE0JWV01011 |
De Neers Tools IPO comprises a total issue size of 22,76,400 shares. The net offer to the public is 21,61,200 shares, after excluding 1,15,200 shares allotted on a firm basis. Of the Net offer 10,78,800 (49.92%) are allocated to QIB, 3,25,200 (15.05%) allocated to NII 7,57,200 (35.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 10,78,800 | 49.92% | 47.39% |
| NII (HNI) Shares Offered | 3,25,200 | 15.05% | 14.29% |
| Retail Shares Offered | 7,57,200 | 35.04% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,15,200 | 5.06% | |
| Total Shares Offered | 22,76,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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 | 31 Oct 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 125.58 | 99.34 | 61.11 | 55.70 |
| Total Income | 56.03 | 80.09 | 62.12 | 73.50 |
| Profit After Tax | 3.87 | 5.04 | 0.66 | 0.44 |
| NET Worth | 30.44 | 23.82 | 3.20 | 7.04 |
| Reserves and Surplus | 4.11 | 6.54 | 3.17 | 7.13 |
| Total Borrowing | 24.06 | 24.36 | 11.48 | 4.85 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement including margin money | 18.00 |
| 2 | General Corporate Purpose | 4.49 |
| 3 | Issue Expenses | 0.50 |
| KPI | |
|---|---|
| RoNW | 21.17% |
| PAT Margin | 6.30% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.97 | |
| Promoter Holding | 91.14% | |
| Market Cap | ₹86.92 Cr. |
The De Neers Tools IPO is subscribed 15.04 times on May 3, 2023 7:29:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.72 | 11,38,200 | 42,30,000 |
| NII* | 60.16 | 3,41,460 | 2,05,41,600 |
| Retail | 11.88 | 7,96,740 | 94,66,800 |
| Total | 15.04 | 22,76,400 | 3,42,38,400 |
Total Application : 7,889
*Market Maker portion is not included to NII/HNI.
Financial Period of De Neers Tools Limited:
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing and payment to other intermediaries such as Registrar, Market Maker, etc.Marketing Expenses, Underwriting Commission and Other Expenses | 0.40 |
| 2 | Statutory Expenses | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹101.00 |
| Open | ₹190.00 |
| Low | ₹180.50 |
| High | ₹190.00 |
| Last Trade | ₹180.50 |
Lead Manager Reports
De Neers Tools IPO is a SME IPO of 22,76,400 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹101 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Apr 28, 2023, and closes on Wed, 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 Fri, Apr 28, 2023 and closes on Wed, 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 Wed, May 10, 2023. Check the De Neers Tools IPO allotment status.
The De Neers Tools IPO listing date is on Thu, May 11, 2023.
