De Neers Tools Limited IPO is set to launch on 28 April, 2023. The company initiated its business operations in 1952. It is involved in the business of supplying Industrial Tools. It offers a varied range of products like cutters, spanners, pliers, wrenches, hammers, allen keys, screwdrivers, socketry, tool cabinets, tool kits, trolleys etc. The brand name is registered under De Neers. The company has a strong network of more than 250 distributors pan India.
The clients list of the firm includes Indian Oil, Tata Steel, Assam Petrochemicals, Polycab Wires, Lohia Corporation, Indian Railways etc.
De Neers Tools Limited IPO DETAILS
De Neers Tools Limited IPO is set to launch on 28 April., 2023. The subscription timeline extends till 3 May, 2023. The size for the IPO is 23 Crore Rs. Shares issued through fresh issue mode are worth 23 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 95 to 101 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of De Neers Tools Limited IPO
| IPO OPENING DATE | 28 April., 2023 |
| CLOSING DATE FOR IPO | 3 May, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 95 to 101 Rs per share |
| LOT SIZE | 1200 shares |
| MINIMUM ORDER QUANTITY | 1200 shares |
| ISSUE SIZE | 23 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode. |
| FRESH ISSUE | 23 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 11 May, 2023 |
De Neers Tools Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 28 April., 2023 |
| CLOSING DATE FOR IPO | 3 May., 2023 |
| IPO ALLOTMENT DATE | 8 May., 2023 |
| REFUNDS | 9 May., 2023 |
| DEMAT A/C CREDITED ON | 10 May., 2023 |
| IPO LISTING DATE | 11 May., 2023 |
De Neers Tools Limited IPO begins for subscription from 28 April., 2023. The IPO subscription would continue till 3 May., 2023. The allotment status for the shareholders who applied would come on 8 May., 2023. The refunds for the ones who did not get allotment would be initiated on 9 May., 2023. The DEMAT accounts of shareholders would be credited on 10 May., 2023. The listing of the company would be accompanied on 11 May., 2023.
De Neers Tools Limited IPO : Lead Managers
The lead managers are :
- Khambatta Securities Limited
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 121200 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 242400 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1200 shares | 121200 Rs. |
| Maximum | 2400 shares | 242400 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The Issue proceeds will be utilised for fulfilling the working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2019-20 | 2020-21 | 2021-22 |
| ASSETS | 5570 | 6111 | 9933 |
| Revenue | 7350 | 6211 | 8008 |
| PAT | 44 | 66 | 504 |
De Neers Tools Limited had an asset base of 5570 Lakh Rs in 2020. This increased to 6111 Lakh Rs in 2021 and 9933 Lakh Rs in 2022. The firm had a revenue base of 7350 Lakh Rs in 2020. The revenue increased in 2022 at 8008 Lakh Rs but in 2021 the revenue decreased to 6211 Lakh Rs. The firm had a profit of 44 LAkh Rs in 2020 and 66 Lakh Rs in 2021. However in the year 2022 the firm recorded a huge jump in the profit figures. The profit was recorded at 504 Lakh Rs or 5 Crore Rs in 2022. This is more than 480 Lakh Rs increase in the profit as compared to the year 2021.
PROS
- It offers a varied range of products like cutters, spanners, pliers, wrenches, hammers, allen keys, screwdrivers, socketry, tool cabinets, tool kits, trolleys etc.
- The company has a strong network of more than 250 distributors pan India.
- The clients list of the firm includes Indian Oil, Tata Steel, Assam Petrochemicals, Polycab Wires, Lohia Corporation, Indian Railways etc.
CONS
- The company works into a very competitive segment.
De Neers Tools Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the De Neers Tools Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
