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De Neers Tools IPO is a book built issue of Rs 22.99 crores. The issue is entirely a fresh issue of 22.76 lakh shares.
De Neers Tools IPO bidding started from April 28, 2023 and ended on May 3, 2023. The allotment for De Neers Tools IPO was finalized on Monday, May 8, 2023. The shares got listed on NSE SME on May 11, 2023.
De Neers Tools IPO price band is set at ₹95 to ₹101 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹121,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹242,400.
Khambatta Securities Limited and Share India Capital Services Private Limited are the book running lead managers of the De Neers Tools IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for De Neers Tools IPO is Share India Securities.
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 |
Price Band | ₹95 to ₹101 per share |
Lot Size | 1200 Shares |
Total Issue Size | 2,276,400 shares (aggregating up to ₹22.99 Cr) |
Fresh Issue | 2,276,400 shares (aggregating up to ₹22.99 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 6,330,000 |
Share holding post issue | 8,606,400 |
Market Maker portion | 115,200 shares Share India Securities |
De Neers Tools IPO offers 2,391,600 shares. 1,138,200 (47.59%) to QIB, 341,460 (14.28%) to NII, 796,740 (33.31%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 115,200 (4.82%) |
QIB Shares Offered | 1,138,200 (47.59%) |
NII (HNI) Shares Offered | 341,460 (14.28%) |
Retail Shares Offered | 796,740 (33.31%) |
Total Shares Offered | 2,391,600 (100%) |
De Neers Tools IPO opens on April 28, 2023, and closes on May 3, 2023.
IPO Open Date | Friday, April 28, 2023 |
IPO Close Date | Wednesday, May 3, 2023 |
Basis of Allotment | Monday, May 8, 2023 |
Initiation of Refunds | Tuesday, May 9, 2023 |
Credit of Shares to Demat | Wednesday, May 10, 2023 |
Listing Date | Thursday, May 11, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on May 3, 2023 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1200 | ₹121,200 |
Retail (Max) | 1 | 1200 | ₹121,200 |
HNI (Min) | 2 | 2,400 | ₹242,400 |
Lot Size Calculator |
Mr. Neeraj Kumar Aggarwal, Mrs. Shilpy Aggarwal, and Mr. Kanav Gupta are the company promoters.
Share Holding Pre Issue | 91.14% |
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 |
KPI | Values |
---|---|
RoNW | 21.17% |
Pre IPO | Post IPO | |
---|---|---|
EPS (Rs) | 7.97 |
[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...
The De Neers Tools IPO is subscribed 15.04 times on May 3, 2023 7:29:00 PM. 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) |
---|---|
QIB | 3.72 |
NII | 60.16 |
Retail | 11.88 |
Total | 15.04 |
Total Application : 7,889 (11.88 times)
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 |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹101.00 |
₹190.00 |
₹180.50 |
₹190.00 |
₹180.50 |
De Neers Tools Limited
P.No. 468, Ground Floor,
Industrial Area, Patparganj,
Delhi – 110 092
Phone: 011 47072555
Email: compliance@den eerstools.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
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De Neers Tools IPO is a SME IPO of 2,276,400 equity shares of the face value of ₹10 aggregating up to ₹22.99 Crores. The issue is priced at ₹95 to ₹101 per share. The minimum order quantity is 1200 Shares.
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 Shares, and the minimum amount required is ₹121,200.
You can apply in De Neers Tools IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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