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De Neers Tools SME IPO Details 2023

SME IPO Status: Listed [28th Apr 2023 to 3rd May 2023]

Rated 3/5 by Team InvestorGain
De Neers Tools SME IPO Detail

De Neers Tools Limited offers a SME IPO issue size of 2,276,800 equity shares. The subscription for this SME IPO opens from 28 April to 3 May 2023. The face value of the equity share is Rs 10 per share. The issue Price is fixed at Rs 95-101 and one can apply for the IPO lot of 1200 shares and its multiples.

Stay updated with us to know more about the De Neers Tools Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.

De Neers Tools SME IPO Details

SME IPO Issue Opening Date: 28th Apr 2023
SME IPO Issue Closing Date: 3rd May 2023
SME IPO Issue Price: ₹95-101 Per Share
DRHP: Download DRHP
RHP: Download RHP
IPO Listing At: NSE SME
Retail Quota: Not less than 35.00% of the Offer
SME IPO Issue Type: Book Build Issue
SME IPO Issue Size: ₹22.99 Cr
Fresh Issue: ₹22.99 Cr
Face Value: ₹10 Per Equity Share
SME IPO Discount: TBD
Promoter Holding Pre IPO: 91.14%
Promoter Holding Post IPO:
Allotment Status: Allotment Status
NSE Code: DENEERS

De Neers Tools SME IPO Important Dates

Get important updates regarding De Neers Tools SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

De Neers Tools SME IPO dates
SME IPO Activity Date
Basis of Allotment Date* 8th May 2023
Refunds Initiation* 9th May 2023
Credit of Shares to Demat* 10th May 2023
SME IPO Listing Date* 11th May 2023

* - Tentative Dates

De Neers Tools SME IPO Lots

SME IPO Activity Date
Issue Price ₹95-101
Market Lot: 1200 Shares
1 Lot Amount: ₹121200
Min HNI Lots: 2400 shares (2 lots)

De Neers Tools IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
11-05-202310143--₹144 (42.57%)11-May-2023 9:56
IPO Live GMP
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - De Neers Tools

De Neers Tools Limited was established in 1952 with a small setup in Delhi and embarked upon a journey to become the market leader in this industry. The brand, De Neers aims to provide the best quality hand tools available in India. All these years they focused on customer needs and therefore established a brand having the aim to satisfy the customer to the fullest. At present, the company has approximately 250 dealers throughout India and also looking for export possibilities.

They provide a very broad range of hand tools in India with approximately two-thirds of our revenue geographically concentrated in the states of Delhi NCR, Gujarat, Telangana, Bihar & Uttar Pradesh (UP). Our extensive range of products includes spanners, wrenches, pliers, cutters, Allen keys, hammers, sockets, screwdrivers, tool kits, tool cabinets, trolleys, etc. They are 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.

They have experienced and dedicated personnel that keeps a regular check on the latest trends and opportunities in the market and focuses on improving the design and structure of the products. Our focus is on producing tools that can stand up to the demands of the professionals who use them every day. De Neers is widely accepted by dealers/distributors, and hardware suppliers throughout India. Our ultimate clients include some of the leading OEMs like Tata Steel, Indian Oil, Larsen & Toubro, Assam Petrochemicals, Lohia Corporation, Polycab Cables, Indian Railways, etc.

De Neers Tools SME IPO Strengths

  • Experienced directors and management team
  • Distribution system
  • Quality and safety of products
  • Repeat orders
  • Strong supply chain
Incorporation Sector IPO Issue Size Website
1952 Hand Tools ₹22.99 Cr https://deneerstools.com/

De Neers Tools SME IPO Objective

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.
Request call back from Zerodha

De Neers Tools SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 1,138,200 Shares
  • Non-Institutional Investors: 341,460 Shares
  • Retail Individual Investor: 796,740 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered1,138,200 (50%)341,460 (15%)796,740 (35%)2,276,400
128th Apr 2023 19:310.00x0.25x0.27x0.13x
22nd May 2023 19:310.00x3.39x1.87x1.16x
33rd May 2023 19:313.72x60.16x11.88x15.04x
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

De Neers Tools SME IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
De Neers Tools Limited7.977.9737.6312.821.17Consolidated
Taparia Tools Limited214.41214.41783.20.0527.59Consolidated

Company Address

De Neers Tools Limited
P.No. 468, Ground Floor, Industrial Area, Patparganj
Delhi,Delhi-110092
India
Website: https://deneerstools.com/
Phone: 011 47072555
Email: compliance@den eerstools.com

De Neers Tools SME IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Website: https://ipo.bigshareonline.com/IPO_Status.html
Phone: +91-22-6263 8200
Email: [email protected]
De Neers Tools SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for De Neers Tools? Should I apply in De Neers Tools SME IPO?

Last Updated on 14-May-2023 09:00:09

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase De Neers Tools SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply De Neers Tools SME IPO with Zerodha.

Alternate approch to apply in De Neers Tools SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

De Neers Tools SME IPO Review and Important Updates

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Apply in De Neers Tools SME IPO online

To subscribe or apply in De Neers Tools SME IPO, you can use the following methods:

De Neers Tools SME IPO Applying ModeMethodDetails
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in De Neers Tools SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in De Neers Tools SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in De Neers Tools SME IPO. Most of the Syndicate Banks provide access to apply in De Neers Tools IPO via ASBA process. You must have your net banking access, DP ID information to apply in De Neers Tools SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in De Neers Tools SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

De Neers Tools SME IPO Review and Important Updates

Other relevant question on same topics are:

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De Neers Tools SME IPO Application is not yet available.

 

De Neers Tools SME IPO is going to be list on 11-05-2023. NSE Code for De Neers Tools is DENEERS. BSE Code for De Neers Tools is .

Other relevant questions:

When De Neers Tools SME IPO will be listing? De Neers Tools SME IPO NSE listing date?De Neers Tools SME IPO date of listing.De Neers Tools SME IPO BSE listing date?

 

De Neers Tools SME IPO Allotment Date is 08-05-2023.

Other relevant questions:

De Neers Tools SME IPO share allotment date?De Neers Tools SME IPO allotment date?

 


User Reviews

5. Rakes Apr 20 2023 05:36:03 AM Reply
De Neers Tools SME IPO expected listing gain.
4. ABHISHEK KUMAR GAUTAM Apr 20 2023 05:36:03 AM Reply
Please confirm De Neers Tools SME IPO GMP (grey market premium) and kostak.
3. Ashutosh Kumar Apr 20 2023 05:36:03 AM Reply
De Neers Tools SME IPO good or bad.
2. A Apr 20 2023 05:36:03 AM Reply
De Neers Tools SME IPO whether to invest or not.
1. sanjay pralhad udage  Apr 20 2023 05:36:03 AM Reply
De Neers Tools SME IPO - CRISIL Rating, Apply or not?.