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 Date | Apr 28, 2023 to May 3, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹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 ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
De Neers Tools IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| Market Maker portion | 115,200 shares (Share India Securities) |
De Neers Tools IPO Tentative Timetable
De Neers Tools IPO opens on Apr 28, 2023, and closes on May 3, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Apr 28, 2023 |
| Closing Date | May 3, 2023 |
| Basis of Allotment | May 8, 2023 |
| Initiation of Refunds | May 9, 2023 |
| Credit of Shares to Demat | May 10, 2023 |
| Listing Date | May 11, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
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 |
| Lot Size Calculator |
De Neers Tools IPO Promoter Holding
Mr. Neeraj Kumar Aggarwal, Mrs. Shilpy Aggarwal, and Mr. Kanav Gupta are the company promoters.
| Pre Issue Share Holding | 91.14% |
| Post Issue Share Holding |
Company Financials
| 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 |
Key Performance Indicator
| KPI | Values |
|---|---|
| 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.
De Neers Tools IPO Review (Avoid)
[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…
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.
De Neers Tools IPO Prospectus
Company Contact Information
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/
De Neers Tools IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/