De Neers Tools IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: May 09, 2023Let’s have a detailed review of the company and analytics of the De Neers Tools IPO release date, IPO offer price, subscription, De Neers Tools Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 95 to Rs 101 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1200 Shares |
| Listing Date | May 11, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 2,300 Lakh |
| Tick Size | 1 |
De Neers Tools IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – De Neers Tools Share Price |
De Neers Tools IPO – Summary
The brand “De Neers” is based on the determination to provide the best quality hand tools available in India.
All these years they focused on customer needs and therefore established a brand having an aim to satisfy the customer to the fullest. At present, the company has approximately 250 dealers throughout India and also looking for export possibilities.
The Promoter of this company is MR. NEERAJ KUMAR AGGARWAL, MRS. SHILPY AGGARWAL, MR. KANAV GUPTA. The lead manager of the issue is Khambatta Securities Limited and Share India Capital Services Private Limited, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
De Neers Tools IPO Date
The opening and closing dates of De Neers Tools IPO are Apr 28, 2023, and May 3, 2023, respectively.
De Neers Tools IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 28th Apr | 0.00x | 0.25x | 0.27x | 0.13x |
| 2nd Day – 2nd May | 0.00x | 3.39x | 1.86x | 1.16x |
| 3rd Day – 3rd May | 3.72x | 60.16x | 11.88x | 15.04x |
| Shares Offered or Net Issue | 1,138,200 | 341,460 | 796,740 | 2,276,400 |
The shares subscribed by the public will be updated here.
De Neers Tools IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
De Neers Tools Limited IPO Listing Date
Find the dates below on the basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | May 8, 2023 |
| Refunds Initiation | May 9, 2023 |
| Credit of Shares to Demat Account | May 10, 2023 |
| Share Listing Date | May 11, 2023 |
De Neers Tools IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 95 to Rs 101
De Neers Tools IPO Equity Size
This Initial Public Issue of 2,276,800 Equity Shares of Rs.10 each for cash at a price of Rs 95 to Rs 101 per equity share aggregating to Rs.2,300 Lakh.
De Neers Tools IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,276,800 Equity Shares of Rs.10/ each.
Issue Size: 2,276,800 Equity Shares of Rs.10 each, aggregating to Rs.2,300 Lakh
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De Neers Tools IPO – Live Performance
The listing date of this IPO is May 11, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – De Neers Tools Share Price |
De Neers Tools IPO Grey Market Premium
The De Neers Tools Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
De Neers Tools IPO – Company Overview
De Neers is among the few key players in the hand tool industry as per the industry report of CareEdge. They provide a very broad range of hand tools in India with approximately two-thirds of their revenue geographically concentrated in the states of Delhi NCR, Gujarat, Telangana, Bihar & Uttar Pradesh (UP).
Their extensive range of products includes spanners, wrenches, pliers, cutters, Allen keys, hammers, sockets, screwdrivers, tool kits, tool cabinets, trolleys, etc. They also specialized 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.
They have experienced and dedicated personnel that keeps a regular check on the latest trends and opportunities in the market and focuses on improving the design and structure of the products.
De Neers Tools IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||||
| 31-Oct-22 | 31-Mar-22 | 25-July-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 12558.14 | 9933.52 | 6664.50 | 6111.28 | 5570.44 |
| *Total Revenue | 5602.65 | 6129.00 | 1879.68 | 6211.77 | 7349.62 |
| Total Expense | 5049.82 | 5436.47 | 1865.23 | 6117.26 | 7289.32 |
| Profit After Tax | 386.98 | 499.21 | 5.22 | 65.77 | 43.94 |
Earnings per Equity Share (in Lakh)
| 31-Oct-22 | 31-Mar-22 | 25-July-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 6.11 | 7.89 | 0.08 | 1.04 | 0.69 |
Further, their PAT for the period ended on Oct 31, 2022, March 31, 2022, July 25, 2022, March 31, 2021, and March 31, 2020, were Rs. 386.98 Lakh, Rs. 499.21 Lakh, Rs. 5.22 Lakh, Rs. 65.77 Lakh and Rs. 43.94 Lakh respectively.
De Neers Tools IPO – Promoters
The Promoter of this company is:
- NEERAJ KUMAR AGGARWAL
- SHILPY AGGARWAL
- KANAV GUPTA
List of Related Parties (Key Managerial Personnel)
- Neeraj Kumar Aggarwal, Managing Director
- Kanav Gupta, CFO, WTD
- Shilpy Aggarwal, Whole Time Director
- Aarti Arora, Independent Director
- Dhikash, Independent Director
De Neers Tools IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post-Issue Share Holding – %
De Neers Tools IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 2,276,800 Equity Shares aggregating up to Rs.2,300 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,15,200 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 21,61,200 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 8,22,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 7,98,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 63,30,000 Equity Shares |
| Equity Shares outstanding after the Issue | 86,06,400 Equity Shares |
De Neers Tools IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To meet the working capital requirements of the Company;
- General Corporate Purpose; and
- To meet the Issue Expenses
De Neers Tools IPO – Business Strategy
- Continue to improve operational efficiencies through economies of scale
- To enhance market share by expanding their business
- Brand outreach
- Enhancing efficiency & productivity
De Neers Tools IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced management and efficient workforce.
- Scalable business.
- Decades of the 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.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 7.97 | 21.17 | 37.63 |
| 31-Mar-21 | 1.04 | 20.53 | 5.06 |
| Mar-20 | 0.69 | 6.24 | 11.13 |
De Neers Tools IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| De Neers Tools Limited | 10 | 12.04 | 7.97 | 21.17% | 8,000.68 |
| Listed Peers | |||||
| Taparia Tools Limited | 10 | 0.05 | 214.41 | 27.59% | 66,949.85 |
De Neers Tools IPO Lead Managers
| Lead Managers |
|
Khambatta Securities Limited
Share India Capital Services Private Limited
|
De Neers Tools IPO Registrar to offer
| Registrar to the Offer |
| Bigshare Services Private Limited S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Maharashtra – 400093, Maharashtra, India. Tel.: 022 6263 8200 Fax: 022 6263 8299 E-Mail: ipo@bigshareonline.com Investor Grievance Email: investor @bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr Swapnil Kate SEBI Registration. No.: INR000001385 |
De Neers Tools IPO – Other Details
- Statutory Auditor – M/S GAUTAM SEHGAL &CO.
- Legal Counsel to the Company – MR. RAMESH KUMAR SEHGAL
- Bankers to the Company – HDFC BANK LIMITED
De Neers Tools IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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De Neers Tools Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
De Neers Tools IPO Review FAQs
Check out various FAQs related to De Neers Tools IPO:
What is the Issue Size of De Neers Tools IPO?
The Company is making an initial public offer of 2,276,800 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of De Neers IPO?
The price band for this particular IPO ranges between Rs 95 to Rs 101. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the De Neers Tools IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Apr 28, 2023, while the closing date is set at May 3, 2023.
What is the De Neers IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on May 8, 2023, refund initiation is on May 9, 2023, credit of shares is on May 10, 2023, and share listing date is on May 11, 2023.
What is the De Neers IPO Listing Date?
Shares of this company shall be listed in the exchanges on May 11, 2023. The date, when the listing would be done, is stagnant on May 11, 2023.
Who is the Registrar of De Neers IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of De Neers IPO?
Here are the promoters of this IPO – MR. NEERAJ KUMAR AGGARWAL, MRS. SHILPY AGGARWAL, MR. KANAV GUPTA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of De Neers IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is De Neers IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of De Neers Tools Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 499.21, 2021 is 65.77, and 2020 is 43.94. PAT from Oct 2022 is 386.98.
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