De Neers Tools Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,078,800 (47%) | — | ₹1,090 Cr |
| NII (HNI) | — | 325,200 (14%) | — | ₹328 Cr |
| Retail | — | 757,200 (33% | — | ₹765 Cr |
| Market Maker | — | 115,200 (5%) | — | ₹12 Cr |
| Σ Total | — | 2,276,400 (100%) | — | ₹22,992 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹121,200 |
| Retail (Max) | 13 | 15,600 | ₹1,575,600 |
| S-HNI (Min) | 14 | 16,800 | ₹1,696,800 |
| B-HNI (Min) | 67 | 80,400 | ₹8,120,400 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Oct-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 5,603 | 8,009 | 6,212 |
| Profit After Tax | 387 | 504 | 66 |
| Net Worth | 3,044 | 2,382 | 320 |
| Total Assets | 12,558 | 9,934 | 6,111 |
| Reserves & Surplus | 411 | 654 | 317 |
| Total Borrowing | 2,406 | 2,436 | 1,148 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Working Capital Requirement including margin money – 18.00
- General Corporate Purpose – 4.49
- General Corporate Purpose – 0.50
Company Overview
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.