De Neers Tools Limited, founded in 1952, is a renowned supplier of industrial tools in India. With a diverse product range including spanners, wrenches, pliers, cutters, allen keys, hammers, socketry, screwdrivers, tool kits, tool cabinets, trolleys, and more, De Neers has established itself as a reliable provider of high-quality tools. The company proudly bears the brand name “De Neers” and has built a strong presence in the market over the years.
With a network of approximately 250 dealers across India, COMPANY has effectively reached customers throughout the country. In addition to general industrial tools, the company specializes in safety tools such as non-sparking tools, insulated steel tools, non-sparking insulated tools, stainless steel and magnetic tools, and titanium tools. This specialization has allowed De Neers to cater to the specific needs of various industries, ensuring the safety and efficiency of their clients’ operations.
De Neers Tools IPO Details
| IPO Date | Apr 28, 2023 to May 3, 2023 |
| Listing Date | May 11, 2023 |
| Face Value | ₹10 per share |
| Price | ₹95 to ₹101 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,276,400 shares (aggregating up to ₹22.99 Cr) |
| Fresh Issue | 2,276,400 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
De Neers Tools IPO Tentative Timetable
IPO opens on Apr 28, 2023, and closes on May 3, 2023.
| Event | Tentative Date |
| Opening Date | Apr 28, 2023 |
| Closing Date | May 3, 2023 |
| Basis of Allotment | May 8, 2023 |
| Initiation of Refunds | May 9, 2023 |
| Credit of Shares to Demat | May 10, 2023 |
| Listing Date | May 11, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Industry Overview
The industrial tools industry is driven by the demand for high-quality tools that enhance productivity, efficiency, and safety in industrial operations. Tools provided by companies like De Neers Tools, including spanners, wrenches, pliers, cutters, allen keys, hammers, socketry, screwdrivers, and tool kits, are essential for carrying out a wide range of tasks in different industries.
However, it’s worth noting that the industrial tools sector has historically experienced steady growth, aligning with the expansion of industrial activities worldwide. Factors such as industrial development, infrastructure projects, technological advancements, and increased automation contribute to the growth of the industry.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
| 31-Mar-20 | 5,570.44 | 7,349.62 | 43.94 | 704.24 | 712.87 | 484.58 |
| 31-Mar-21 | 6,111.28 | 6,211.77 | 65.77 | 320.47 | 317.42 | 1,147.84 |
| 31-Mar-22 | 9,933.52 | 8,008.68 | 504.42 | 2,382.27 | 654.27 | 2,435.85 |
| 31-Oct-22 | 12,558.14 | 5,602.65 | 386.98 | 3,044.13 | 411.13 | 2,406.42 |
| Amount in ₹ Lakhs | ||||||
Objects of the Issue
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.
De Neers Tools IPO Prospectus
Company 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 Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
De Neers Tools IPO Lead Manager(s)
- Khambatta Securities Limited (Past IPO Performance)
- Share India Capital Services Private Limited (Past IPO Performance)
