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De Neers Tools Limited IPO (De Neers Tools IPO) Detail

April 28, 2023 - May 3, 2023

De Neers Tools IPO is a book built issue of Rs 22.99 crores. The issue is entirely a fresh issue of 22.76 lakh shares.

De Neers Tools IPO bidding started from April 28, 2023 and ended on May 3, 2023. The allotment for De Neers Tools IPO was finalized on Monday, May 8, 2023. The shares got listed on NSE SME on May 11, 2023.

De Neers Tools IPO price band is set at ₹95 to ₹101 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹121,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹242,400.

Khambatta Securities Limited and Share India Capital Services Private Limited are the book running lead managers of the De Neers Tools IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for De Neers Tools IPO is Share India Securities.

Refer to De Neers Tools IPO RHP for detailed information.

De Neers Tools IPO Details

IPO Date April 28, 2023 to May 3, 2023
Listing Date May 11, 2023
Face Value ₹10 per share
Price Band ₹95 to ₹101 per share
Lot Size 1200 Shares
Total Issue Size2,276,400 shares
(aggregating up to ₹22.99 Cr)
Fresh Issue2,276,400 shares
(aggregating up to ₹22.99 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Market Maker portion115,200 shares
Share India Securities

De Neers Tools IPO Reservation

De Neers Tools IPO offers 2,391,600 shares. 1,138,200 (47.59%) to QIB, 341,460 (14.28%) to NII, 796,740 (33.31%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered115,200 (4.82%)
QIB Shares Offered1,138,200 (47.59%)
NII (HNI) Shares Offered341,460 (14.28%)
Retail Shares Offered796,740 (33.31%)
Total Shares Offered2,391,600 (100%)

De Neers Tools IPO Timeline (Tentative Schedule)

De Neers Tools IPO opens on April 28, 2023, and closes on May 3, 2023.

IPO Open Date Friday, April 28, 2023
IPO Close Date Wednesday, May 3, 2023
Basis of Allotment Monday, May 8, 2023
Initiation of Refunds Tuesday, May 9, 2023
Credit of Shares to Demat Wednesday, May 10, 2023
Listing Date Thursday, May 11, 2023
Cut-off time for UPI mandate confirmation 5 PM on May 3, 2023

De Neers Tools IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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.

Share Holding Pre Issue 91.14%
Share Holding Post Issue

About De Neers Tools Limited

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.

Company Financials

De Neers Tools Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-205,570.447,349.6243.94704.24712.87484.58
31-Mar-216,111.286,211.7765.77320.47317.421,147.84
31-Mar-229,933.528,008.68504.422,382.27654.272,435.85
31-Oct-2212,558.145,602.65386.983,044.13411.132,406.42
Amount in ₹ Lakhs

Key Performance Indicator

Pre IPO Post IPO
EPS (Rs) 7.97

Objects of the Issue (De Neers Tools IPO Objectives)

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...


De Neers Tools IPO Subscription Status (Bidding Detail)

The De Neers Tools IPO is subscribed 15.04 times on May 3, 2023 7:29:00 PM. The public issue subscribed 11.88 times in the retail category, 3.72 times in the QIB category, and 60.16 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB3.72
NII60.16
Retail11.88
Total15.04

Total Application : 7,889 (11.88 times)

 

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

De Neers Tools IPO Rating

11
3.7
Rating:Rated 3.7 stars
Vote Here ...

De Neers Tools IPO Listing Details

Listing Date May 11, 2023
BSE Script Code
NSE Symbol DENEERS
ISIN INE0JWV01011
Final Issue Price ₹101 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹101.00
₹190.00
₹180.50
₹190.00
₹180.50

Check IPO Performance…

De Neers Tools Limited Contact Details

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://ipo.bigshareonline.com/ipo_status.html

De Neers Tools IPO - Buy or Not

De Neers Tools IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 1 0 1

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De Neers Tools IPO FAQs

De Neers Tools IPO is a SME IPO of 2,276,400 equity shares of the face value of ₹10 aggregating up to ₹22.99 Crores. The issue is priced at ₹95 to ₹101 per share. The minimum order quantity is 1200 Shares.

The IPO opens on April 28, 2023, and closes on May 3, 2023.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in De Neers Tools IPO using UPI as a payment gateway. Zerodha customers can apply in De Neers Tools IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in De Neers Tools IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'De Neers Tools IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The De Neers Tools IPO opens on April 28, 2023 and closes on May 3, 2023.

De Neers Tools IPO lot size is 1200 Shares, and the minimum amount required is ₹121,200.

You can apply in De Neers Tools IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for De Neers Tools IPO will be done on Monday, May 8, 2023, and the allotted shares will be credited to your demat account by Wednesday, May 10, 2023. Check the De Neers Tools IPO allotment status.

The De Neers Tools IPO listing date is on May 11, 2023.
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De Neers Tools IPO Message Board

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304 Comments

123. Mihir Arora |   Link |  Bookmark |June 30, 2023 9:30:52 PM
does anybody know how to get application wise subscription data?
122. PLAZA |   Link |  Bookmark |June 5, 2023 3:44:02 PM
IPO Guru IPO Guru (1600+ Posts, 1100+ Likes)
one of mine freind is allotted this lot. what is strategy for him
121. PLAZA |   Link |  Bookmark |June 1, 2023 9:10:14 AM
IPO Guru IPO Guru (1600+ Posts, 1100+ Likes)
expected subscription of comrade
120. Mr.Investor |   Link |  Bookmark |May 29, 2023 5:38:02 PM (200+ Posts)
What's you opinion for CAMPUS ACTIVEWEAR after poor results for this quarter? @Monster Zero sir!
120.1. Monster Zero |   Link |  Bookmark |May 29, 2023 10:14:48 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Will test 325 and 300 maybe.
It'll be back to 380-400 in September.
120.2. Mr.Investor |   Link |  Bookmark |May 30, 2023 7:48:05 PM (200+ Posts)
@Monster Zero Sir! What opinion regarding RCF after results? Thank-you
119. GrayIsTheNewBlack |   Link |  Bookmark |May 19, 2023 9:21:34 AM
IPO Guru IPO Guru (1700+ Posts, 900+ Likes)
Don't worry guys, 105+ listing hogi
119.1. GrayIsTheNewBlack |   Link |  Bookmark |May 19, 2023 9:23:48 AM
IPO Guru IPO Guru (1700+ Posts, 900+ Likes)
Posted in wrong page
118. Beingstrong |   Link |  Bookmark |May 15, 2023 9:09:09 PM
Wats ur view on dharmaj results r out @Monster Zero
118.12. Kapz |   Link |  Bookmark |May 29, 2023 12:55:10 PM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
@JAI JAI GARVI GUJARAT , Vital seems to be holding up pretty well. Any info on the positive news from your contact? Seems like there's definitely something coming up..
118.13. JAI JAI GARVI GUJARAT |   Link |  Bookmark |May 29, 2023 2:16:12 PM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
No @Kapz  Sir , i don't know ,
Will try to keep eye on price movementSeems like something is going to happen here.
Do share info if you get from somewhere
Thanks:)
117. Imhilli |   Link |  Bookmark |May 12, 2023 11:20:35 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Experts, any idea on how deep the correction would be?
116. Rohitsme |   Link |  Bookmark |May 12, 2023 9:01:49 AM
This is the most bizzare listing in my 18 months experience with SME IPOs. I dont remember any other IPO which opened at 88% type premium after AVOID rating by DD AND okayish double digit subscription.
115. ria shroff |   Link |  Bookmark |May 12, 2023 6:53:49 AM
kal operator bhaiya ke paise khatam ho gaye the. aaj phir ghar se paise leke aayenge
114. KAPPO |   Link |  Bookmark |May 11, 2023 5:00:55 PM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
My target 5 time of issue price with in 2 years period from here
114.1. IPOswami |   Link |  Bookmark |May 11, 2023 7:47:57 PM
@KAPPO any insider info......or strong gut feelling.....please share....I am holding few lots....
114.2. tejasa |   Link |  Bookmark |May 12, 2023 3:41:25 AM
How much lot have u hold
113. Santosh IPO Investor |   Link |  Bookmark |May 11, 2023 5:29:42 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
De neeers unexpected bumper listing enjoy those who got allotment
112. Amit Bhasin |   Link |  Bookmark |May 11, 2023 9:19:23 AM
Should i hold or sell this one in Pre Opening?
112.1. Abhishek Rajkot |   Link |  Bookmark |May 11, 2023 9:50:36 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Sir, depends on your risk appetite. Already listed way above expectations so I sold my two lots.
112.2. Amit Bhasin |   Link |  Bookmark |May 11, 2023 10:41:37 AM
Sold @ 190, 1 lakh + Profit booked
111. Udayk |   Link |  Bookmark |May 11, 2023 10:03:01 AM
No buyer now
111.8. Udayk |   Link |  Bookmark |May 15, 2023 11:58:40 AM
Man gaye apko@sanchit jain
111.9. Sanchit Jain |   Link |  Bookmark |May 15, 2023 2:09:27 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
@Manup  brother,
My understanding is that Innokaiz may a LC tomorrow as well and then it should stabilize in 130-140 range.
110. sahab |   Link |  Bookmark |May 11, 2023 9:12:48 AM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
Super se upper listing
110.2. sahab |   Link |  Bookmark |May 11, 2023 9:24:18 AM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
Double
110.3. Abhishek Rajkot |   Link |  Bookmark |May 11, 2023 9:49:24 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Almost double 💯💪
109. Baron |   Link |  Bookmark |May 11, 2023 9:15:32 AM
Very good listing here and in innokaiz
108. Happpy Singh |   Link |  Bookmark |May 11, 2023 9:15:07 AM
Maan gaye bhai operators ko. Ab kisi IPO ke against kuch nahi likhunga. Yahan kuch bhi ho sakta hai. Got one of great experience of life.
107. Udayk |   Link |  Bookmark |May 11, 2023 9:13:57 AM
Sell or hold?
106. IPO LEADER |   Link |  Bookmark |May 11, 2023 7:27:53 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
Negative cash flows: Cash flow from operations is negative from the past 3 years. A 70 year old company still negative cash flows!!!Profits generated are only in book.
-High inventory days: 3200 SKUs and doing sales of 80cr. With so many SKUs high inventory is always going to be a problem. All cash flow from financing is stuck in inventory.
-Huge debt: 45cr of debt taken by the company till oct2022 to fund the negative operating cash.
-High debtor days: 45cr trade receivables (1.36cr seems bad debt more than 1 yr) and 45cr of trade payable very high. Inventory holding days is also very high of 321 days.Trade receivable is 8-9months and payable is 8months. Sales are being pushed with increasing debtor days to distributors. A credit of 8-9months for 8-10% margin business
-Bad compliance: Delay in ROC compliances.
106.1. Abhishek Rajkot |   Link |  Bookmark |May 11, 2023 8:42:36 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Why are you copy-pasting someone else's message?
106.2. Abhishek Rajkot |   Link |  Bookmark |May 11, 2023 9:01:47 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
@IPO LEADER  Trying to create panic before listing? Interesting
105. BANSAL ANKUR |   Link |  Bookmark |May 10, 2023 11:40:00 PM
45 GMP 🔥🔥🔥
105.1. JaiShriKrishna |   Link |  Bookmark |May 11, 2023 12:14:43 AM
I hope this number will reflect in listing as well. Best of luck to all for dhamakedar listing
104. Udayk |   Link |  Bookmark |May 10, 2023 7:35:34 PM
Latest GMP?
104.3. SKalyan |   Link |  Bookmark |May 10, 2023 10:49:10 PM (200+ Posts)
43 🔥
104.4. Abhishek Rajkot |   Link |  Bookmark |May 10, 2023 11:06:29 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
🔥🙏