De Neers Tools Limited IPO (De Neers Tools IPO)

De Neers Tools Limited IPO
Upcoming De Neers Tools IPO | New De Neers Tools IPO

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

De Neers Tools IPO – Details

IPO Opening Date28 April 2023
IPO Closing Date03 May 2023
Issue TypeBook Built Issue IPO
Issue Size22,76,400 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 Lot1200 Shares
Min Order1200 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
QIB Shares Offered25.04%
Retail Shares Offered38.03%
NII (HNI) Shares Offered36.92%

De Neers Tools IPO – Date Schedule

IPO Open Date28 April 2023
IPO Close Date03 May 2023
Basis of Allotment08 May 2023
Initiation of Refunds09 May 2023
Credit of Shares to Demat Account10 May 2023
IPO Listing Date11 May 2023

De Neers Tools IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)112001,21,200
Retail (Maximum)112001,21,200
HNI (Minimum)224002,42,400

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.
De Neers Tools IPO
Object of the Issue

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 202073.4972.890.55
31 March 202162.1161.170.54
31 March 202261.2954.364.99
31 October 202256.0250.493.86
Amount in ₹ Crore

De Neers Tools IPO Promoter Holding

Pre Issue Share Holding91.14%
Post Issue Share Holding

De Neers Tools IPO Prospectus

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

De Neers Tools IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

De Neers Tools IPO Lead Manager(s)

1. Khambatta Securities Limited

De Neers Tools IPO FAQs

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.
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