De Neers Tools Limited (NSE SME)
Apr 28, 2023 - May 3, 2023
| Price | ₹95 - ₹101 |
| Premium | ₹43 |
|---|---|
| Lot size | 1200 |
| Allotment | May 8, 2023 |
| Listing | May 11, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 121200 | 0 |
| HNI | 2 | 2400 | 242400 | 0 |
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | 3.72 |
| Non-Institutional Buyers | 60.16 |
| Retail Investors | 11.88 |
| Total | 15.04 |
Total Application : 7,889 (11.88 times)
De Neers Tools IPO Lot Size
The De Neers Tools IPO lot size is 1200 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹121,200 |
| Retail (Max) | 1 | 1200 | ₹121,200 |
| HNI (Min) | 2 | 2,400 | ₹242,400 |
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:
- Experienced directors and management team.
- Distribution system.
- Quality and safety of products.
- Repeat orders.
- Strong supply chain.
De Neers Tools IPO Details
| Total Issue Size | 2,276,800 shares (aggregating up to ₹23.00 Cr) |
| Fresh Issue | 2,276,800 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
De Neers Tools IPO Reservation
| QIB Shares Offered | 25.04% |
| NII (HNI) Shares Offered | 36.92% |
| Retail Shares Offered | 38.03% |
Company Financials
| Period Ended | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | 31-Oct-22 |
|---|---|---|---|---|
| Total Assets | 5,570.44 | 6,111.28 | 9,933.52 | 12,558.14 |
| Total Revenue | 7,349.62 | 6,211.77 | 8,008.68 | 5,602.65 |
| Profit After Tax | 43.94 | 65.77 | 504.42 | 386.98 |
| Net Worth | 704.24 | 320.47 | 2,382.27 | 3,044.13 |
| Reserves and Surplus | 712.87 | 317.42 | 654.27 | 411.13 |
| Total Borrowing | 484.58 | 1,147.84 | 2,435.85 | 2,406.42 |
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