De Neers Tools Limited IPO SME Detail

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:

  • Experienced directors and management team.
  • Distribution system.
  • Quality and safety of products.
  • Repeat orders.
  • Strong supply chain.

De Neers Tools IPO Details

IPO DateApr 28, 2023 to May 3, 2023
Listing Date[.]
Face Value₹10 per share
Price₹95 to ₹101 per share
Lot Size1200 Shares
Total Issue Size2,276,800 shares
(aggregating up to ₹23.00 Cr)
Fresh Issue2,276,800 shares
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME

De Neers Tools IPO Reservation

QIB Shares Offered25.04%
NII (HNI) Shares Offered36.92%
Retail Shares Offered38.03%

De Neers Tools IPO Tentative Timetable

De Neers Tools IPO opens on Apr 28, 2023, and closes on May 3, 2023.

EventTentative Date
Opening DateApr 28, 2023
Closing DateMay 3, 2023
Basis of AllotmentMay 8, 2023
Initiation of RefundsMay 9, 2023
Credit of Shares to DematMay 10, 2023
Listing DateMay 11, 2023
UPI Mandate Confirmation Cut-Off Time5.00 PM on the issue closing day

De Neers Tools IPO Lot Size

The De Neers Tools IPO lot size is 1200 shares.

Retail (Min)11200₹121,200
Retail (Max)11200₹121,200
HNI (Min)22,400₹242,400

Company Financials(In Lakh)

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing

Key Performance Indicator

EPS (Rs)7.97
RoNW (%)21.17

Objects of the Issue

The proceeds from the issue will be used for the following objects:

1. To meet the working capital requirements of the company.
2. For general corporate purposes and to meet the issue expenses.

Financial Period of De Neers Tools Limited:

  • July 25, 2021 figuers are for the Period from 1st April 2021 to 25th July 2021.
  • October 31, 2022 figuers are for the Period from 1st April 2022 to 31st October 2022.

Company Contact Information

De Neers Tools Limited
P.No. 468, Ground Floor,
Industrial Area, Patparganj,
Delhi – 110 092
Phone: 011 47072555
Email: compliance@den

De Neers Tools IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

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