SME IPO Details

Published : 26 Apr 2023

Open Date

28 Apr 2023

3 May 2023


₹  22.99 Cr

Close Date

Lot Size

IPO Size

Listing At


Listing Date

11 May 2023

Price Range

₹95 to ₹101 per share

De Neers is the supplier of quality hand tools available in India. It has approximately 250 dealers throughout India and is also looking for export possibilities. Its product portfolio includes s spanners, wrenches, pliers, cutters, allen keys, hammers, socketry, screw drivers, tool kits, tool cabinets, trolleys, etc.

The IPO entails of a fresh issuance of 2,276,800 equity shares of face value Rs. 10 each which aggregates the total size of the issue to Rs. 23 cr.

The objective of the De Neers Tools IPO: The net proceeds from the issue will be used for: 1. To meet the working capital requirements of the company 2. For general corporate purposes and to meet the issue expenses  

The De Neers Tools IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lot (1200 shares or ₹121,000).

The allotment date of De Neers Tools IPO is set for 8th May.

De Neers Tools IPO is promoted by Neeraj Kumar Aggarwal, Kanav Gupta and Shilpy Aggarwal.

Share India Capital Services and Khambatta Securities are the lead book managers to the issue.