De Neers Tools Limited is a manufacturer and supplier of Hand Tools since 1951. The company offers products such as spanners, wrenches, pliers, cutters, allen keys, hammers, socketry, screwdrivers, tool kits, tool cabinets, trolleys, etc. De Neers Tools’ some of the client name includes Tata Steel, Indian oil, Larsen & Toubro, Assam Petrochemicals, Lohia Corporation, Polycab Cables, Indian Railways, and more.
They are selling their products under their brand name “De Neers”. They have around 250 dealers working with them in India. DE NEERS TOOLS is an ISO 9001:2015 Certified and ISO 14001:2015 accredited Company. They are one of the reputed hand tools suppliers that provides the broadest range of hand tools in India. Their extensive range of products includes Spanners, Wrenches, Pliers, Cutters, Allen keys, Hammers, socket, Screw Drivers, Tool Kits, Tool Cabinets, Trolleys, etc. We are also specialized in providing Safety Tools like Non-Sparking Tools, Insulated Steel Tools, Non-Sparking Insulated Tools, Stainless Steel Anti-magnetic Tools, and Titanium Tools, with our range of hand tools.
De Neers Tools IPO – Details
| IPO Opening Date | 28 April 2023 |
| IPO Closing Date | 03 May 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 22,76,400 Shares Worth ₹23.00 Crore Fresh Issue: 22,76,400 Shares Worth ₹23.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 – ₹101 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 25.04% |
| Retail Shares Offered | 38.03% |
| NII (HNI) Shares Offered | 36.92% |
De Neers Tools IPO – Date Schedule
| IPO Open Date | 28 April 2023 |
| IPO Close Date | 03 May 2023 |
| Basis of Allotment | 08 May 2023 |
| Initiation of Refunds | 09 May 2023 |
| Credit of Shares to Demat Account | 10 May 2023 |
| IPO Listing Date | 11 May 2023 |
De Neers Tools IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | 1,21,200 |
| Retail (Maximum) | 1 | 1200 | 1,21,200 |
| HNI (Minimum) | 2 | 2400 | 2,42,400 |
Competitive Strengths
- Experienced management and efficient workforce.
- Scalable business.
- Decades of presence of promoters in the industry.
- Optimum quality of products.
- Focus on quality and gaining customer satisfaction.
- Strong marketing.
- Evolving with technological changes.
- Networking strength.
- Well established relationships with Banks and Financial Institutions.
Company Promoters
- Mr. Neeraj Kumar Aggarwal
- Mrs. Shilpy Aggarwal
- Mr. Kanav Gupta
Object Of The Issue
- Funding Working Capital Requirements.
- General Corporate Purposes.
- Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 73.49 | 72.89 | 0.55 |
| 31 March 2021 | 62.11 | 61.17 | 0.54 |
| 31 March 2022 | 61.29 | 54.36 | 4.99 |
| 31 October 2022 | 56.02 | 50.49 | 3.86 |
De Neers Tools IPO Promoter Holding
| Pre Issue Share Holding | 91.14% |
| Post Issue Share Holding |
De Neers Tools IPO Prospectus
- De Neers Tools IPO DRHP
- De Neers Tools IPO RHP
Company Contact Information
| De Neers Tools Limited De Neers Tools Limited 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
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
De Neers Tools IPO Lead Manager(s)
| 1. Khambatta Securities Limited |
De Neers Tools IPO FAQs
| What is De Neers Tools IPO? De Neers Tools IPO is a SME IPO. The issue is priced at ₹95-₹101 per equity share. The IPO is to be listed on NSE SME. |
| When De Neers Tools IPO will open? The IPO is to open on 28 April 2023 for QIB, NII and Retail Investors. |
| What is De Neers Tools IPO Investors Portion? The investors portion for QIB-25.04%, NII-36.92%, and Retail-38.03%. |
| How to De Neers Tools IPO? You can apply De Neers Tools IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the De Neers Tools IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “De Neers Tools”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the De Neers Tools IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “De Neers Tools”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is De Neers Tools IPO Size? De Neers Tools IPO size is ₹23.00 crores. |
| What is De Neers Tools IPO Price Band? De Neers Tools IPO Price Band is ₹95-₹101. |
| What is De Neers Tools IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,21,200 amount while the maximum bid is 1200 shares with ₹1,21,200. |
| What is the De Neers Tools IPO Allotment Date? De Neers Tools IPO allotment date is 08 May 2023. |
| What is the De Neers Tools IPO Listing Date? De Neers Tools IPO listing date is 11 May 2023. The IPO is to list on NSE SME. |
