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Let’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

De Neers Tools IPOThe 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:


    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.[●]
    Net Issue to the Public Up to 21,61,200 Equity Shares aggregating up to Rs.[●]
    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:

    1. To meet the working capital requirements of the Company;
    2. General Corporate Purpose; and
    3. 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
    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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