De Neers Tools IPO Details
- Open Date 28-Apr-23
- Close Date 03-May-23
- Lot Size 1200
- IPO Size ₹ 23.00 Cr
- IPO Price Range ₹ 95 to ₹ 101
- Min Investment ₹ 114000
- Listing Exchange NSE SME
- Basis of Allotment 08-May-23
- Refunds 09-May-23
- Credit to Demat Account 10-May-23
- Listing Date 11-May-23
De Neers Tools IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 28-Apr-23 | 0.00x | 0.25x | 0.27x | 0.13x |
| 2-May-23 | 0.00x | 3.39x | 1.87x | 1.16x |
| 3-May-23 | 3.72x | 60.16x | 11.88x | 15.04x |
De Neers Tools IPO Synopsis
De Neers Tools IPO opens on 28th April 2023, and closes on 3rd May, 2023. The issue 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 issue will be listed on the NSE SME exchange on 11th May and the shares will be allotted on 8th May. The company has set the lot size to 1200 shares per lot and the price band to Rs. 95 to Rs. 101 per share. Khambatta Securities Ltd. is the lead manager to the issue.
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
About De Neers Tools
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. It is 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.
It supplies to customers across India with approximately two-third of its revenue geographically concentrated in the states of Delhi NCR, Gujarat, Telangana, Bihar & Uttar Pradesh (UP).
Their key clients are some of the leading OEM's like Tata Steel, Indian oil, Larsen & Toubro, Assam Petrochemicals, Lohia Corporation, Polycab Cables, Indian Railways, etc.
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De Neers Tools Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 60.2 | 62.1 | 73.5 |
| PAT | 5.0 | 0.7 | 0.4 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 99.3 | 61.1 | 55.8 |
| Share Capital | 17.3 | 0.0 | 0.0 |
| Total Borrowings | 36.4 | 21.7 | 13.5 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -21.8 | -1.3 | -6.6 |
| Net cash from / (used in) investing activities | -1.5 | -0.5 | -0.4 |
| Net cash flow from / (used in) financing activities | 24.4 | 2.2 | 7.2 |
| Net increase (decrease) in cash and cash equivalents | 1.1 | 0.4 | 0.2 |
Peer Comparison
| Name of the Company | Total Revenue (in Rs. crores) | Basic EPS | NAV Rs. per share | PE | RoNW% |
|---|---|---|---|---|---|
| De Neers Tools Limited | 80.01 | 7.97 | 37.63 | NA | 21.33% |
| Taparia Tools Limited | 669.50 | 214.41 | 783.2 | 0.05 | 27.59% |
De Neers Tools IPO Key Points
-
Strengths
1. Its end-to-end business model makes us the most unique and successful hardware tools business
2. Company uses non-sparking hand tools, also sometimes referred to as anti-spark, safety tools, or sparkless tools to ensure safety
3. Products from fully equipped manufacturing units in Punjab having world class infrastructure and production capabilities, providing us with the highest quality hand tools
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Risks
1. Debtors constitute payments that are due from over 3 years
2. The products marketed and sold by the company under the “De Neers” brand are vulnerable to counterfeiting or imitation by third parties
3. Rely substantially on third parties e to establish or maintain adequate sales capabilities
4. Inability to compete effectively in highly competitive markets may lead to lower market share or reduced operating margins
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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De Neers Tools IPO FAQs
What is the price band of the De Neers Tools IPO ?
The price for the De Neers Tools IPO is set at Rs. 95 – 101 per share.
When does the De Neers Tools IPO issue open and close?
The De Neers Tools IPO opens on 28th April and closes on 3rd May.
What is the allotment date of De Neers Tools IPO?
The allotment date of De Neers Tools IPO is set for 8th May.
What is the De Neers Tools IPO’s listing date?
The De Neers Tools IPO will be listed on 11th May.
What is the lot size and investment required for the De Neers Tools IPO?
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).
What is the size of De Neers Tools IPO issue?
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.
How to apply for the De Neers Tools IPO?
To apply for the IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and price at which you wish to apply for
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app
What is 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
Who are the promoters/key personnels of De Neers Tools IPO?
De Neers Tools IPO is promoted by Neeraj Kumar Aggarwal, Kanav Gupta and Shilpy Aggarwal.
Who are the book runners for De Neers Tools IPO?
Khambatta Securities Ltd. is the lead manager to the issue.
Contact Details of De Neers Tools IPO
Contact Information
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 Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
De Neers Tools IPO Lead Manager
Khambatta Securities Limited