IPO Details
Bidding Dates
28 Apr '23 - 03 May '23
Minimum Investment
₹121,200 / 1 Lots ( 1200 Shares )
Price Range
₹95 - ₹101
Maximum Investment
₹121,200 / 1 Lots ( 1200 Shares )
Retail Discount
To be announced
Issue Size
₹22.99 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investor |De Neers Tools IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Apr 28, 2023
IPO Closing Date
May 3, 2023
Basis of Allotment
May 8, 2023
Initiation of Refunds
May 9, 2023
Credit of Shares to Demat Account
May 10, 2023
IPO Listing Date
May 11, 2023
De Neers Tools IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Apr 28, 2023 |
0.00 | 0.25 | 0.27 | 0.13 |
Day 2May 2, 2023 |
0.00 | 3.39 | 1.87 | 1.16 |
Day 3May 3, 2023 |
3.72 | 60.16 | 11.88 | 15.04 |
De Neers Tools IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyer | 3.72 |
| Non-Institutional Buyers | 60.16 |
| Retail Investors | 11.88 |
| Employees | [.] |
| Others | [.] |
| Total | 15.04 |
About Company
De Neers Tools was founded in 2018 to manufacture and market hand tools. The company's promoters have seven decades of experience and started in 1952 as a family business to manufacture small hand tools. The company is among the few key players and a leader in terms of market share.
De Neers offers a broad range of tools, including non-sparking tools, insulated steel tools, spanners, wrenches, stainless and magnetic tools, hammers, socketry, screwdrivers, tool kits, etc. The company supplies to some leading OEM manufacturers - Tata Steel, Larsen & Toubro, Indian Oil, Assam Petrochemicals, Lohia Corporations, Polycab Cables, Indian Railways, etc. Dee Neers has a well-equipped manufacturing unit in Punjab.
De Neers Tools Ltd IPO Details
De Neers Tools IPO contains fresh issues of an undisclosed amount. De Neers IPO price and dates have not yet been announced.
De Neers Tools Ltd IPO Objectives
- To meet the working capital requirements
- General corporate purpose
- To meet issue expenses
Should you invest in De Neers Tools Ltd?
- The company's promoters have been in business for 70 years.
- It is one of the leading hand tool distributors, offering an end-to-end business approach.
- The company caters to several large OEMs.
De Neers Tools Company Financials
| Particulars | Period between April 1 and October 31, 2022 | Year ending on March 31, 2021 | Year ending on March 31, 2020 |
|---|---|---|---|
| Revenue from Operations | 5602.27 | 6211.77 | 7349.60 |
| Profit After Tax (PAT) | 386.98 | 54.14 | 55.57 |
| PAT Margin | NA | NA | NA |
| EBITDA | NA | NA | NA |
| EBITDA Margin | NA | NA | NA |
| ROE | NA | NA | NA |
| EPS | 6.11 | 0.86 | 0.88 |
Know before investing
Strengths
3-
De Neers has improved its business and operational efficiency over the years to leverage economies of scale.
-
It has a robust, established network of 250 dealers and distributors.
-
It has built solid relationships with its customers.
Risks
3-
It is a capital-intensive business.
-
Changes in the regulatory environment can impact the company's operational and financial performance.
-
It operates in a highly fragmented industry, with 80% of the competition coming from unorganised competitors.
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De Neers Tools IPO FAQs
De Neers IPO price band is fixed at Rs. 95-101 per share. The offer will open for bidding on April 28, 2023.
The total IPO size is Rs. 22.99 crore of 2,276,400 shares.
Retail investors can apply for a minimum of one lot of 1,200 equity shares.
The Basis of Allotment date is May 08, 2023
One lot of De Neers’ IPO contains 1,200 equities.
The bidding window for the IPO will open on April 28, 2023.
Retail investors can apply for a minimum of one lot.
The listing date of the De Neers IPO is May 11, 2023.
You can check the IPO share allotment status from Angel One mobile app. Log in to the app and validate with an OTP. To check the allotment status, enter your application number, DP ID, and PAN number into the app.
Listing gains cannot be ascertained before listing the IPO on the stock exchange. In this case, De Neers IPO will list on May 11, 2023.
The bank will initially block the amount in your account. The money will be debited when the shares are allotted (or unblock after the UPI mandate expiration date).
Login to your UPI handle to complete the IPO application process.
You are allowed to submit only one application using one PAN card.
The minimum order size is one lot of 1200 equity shares.
