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De Neers Tools IPO

  • Status: Closed
  • RHP:
  • ₹ 114,000 / 1200 shares

    Minimum Investment

IPO Details

  • Open Date

    28 Apr 2023

  • Close Date

    03 May 2023

  • IPO Price Range

    ₹ 95 to ₹ 101

  • IPO Size

    ₹ 23.00 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    11 May 2023

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IPO Timeline

De Neers Tools IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

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


 

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.

Check out Web-stories on De Neers Tools IPO
Check De Neers Tools IPO GMP

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%


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 
 

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
 

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FAQs

The price for the De Neers Tools IPO is set at Rs. 95 – 101 per share.

The De Neers Tools IPO opens on 28th April and closes on 3rd May.

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

The De Neers Tools IPO  will be listed on 11th May.

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 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.

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
 

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
 

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

Khambatta Securities Ltd. is the lead manager to the issue.