Established in 1952, De Neers Tools Limited is a renowned provider of industrial tools. The company offers a wide variety of goods, such as trolleys, tool kits, tool cabinets, spanners, wrenches, pliers, cutters, Allen keys, hammers, socketry, and screwdrivers. In the Indian market, the company’s brand name, “De Neers,” is well-known, and it has about 250 dealers there.Let’s Check All Details Of De Neers Tools IPO.
Specialization in Safety Tools
In addition to offering typical industrial tools, De Neers Tools Limited focuses on offering safety tools such as non-sparking, insulated steel, non-sparking insulated, stainless steel & magnetic, titanium, and numerous other hand tools. The company offers excellent quality and compliant safety equipment.
Clients
De Neers Tools Limited has a prestigious clientele, including some of India’s most prominent names like Tata Steel, Indian Oil, Larsen & Toubro, Assam Petrochemicals, Lohia Corporation, Polycab Cables, Indian Railways, and so on. The company’s reputation speaks for itself, with many of its clients being repeat customers.
Competitive Strengths
De Neers Tools Limited has a strong team of experienced directors and management who lead the company to success. The company’s distribution system is another significant strength that ensures its products reach every corner of India. The quality and safety of De Neers’ products are unmatched in the industry, which further strengthens the company’s position in the market. Repeat orders are another testimony to customers’ trust in the company’s products. Finally, the strong supply chain of the company is another significant advantage that keeps the company ahead of its competitors.
De Neers Tools IPO Complete Details:
| IPO Date | 28 April 2023 to 03 May2023 |
| Issue Type | Book Built Issue |
| Listing At | NSE SME |
| Face Value | 10 Rs. Per Share |
| Price | Rs. 95 to 101 |
| Lot Size | 1200 |
| Issue Size | 2,276,800 shares (Rs.23 Cr) |
| Fresh Issue | 2,276,800 shares (Rs.23 Cr) |
| Listing Date | 11 May 2023 |
De Neers Tools IPO Timetable:
| Activity | Date* |
|---|---|
| Opening Date | 28 April 2023 |
| Closing Date | 03 May 2023 |
| Allotment | 08 May 2023 |
| Initiation of Refunds | 09 May 2023 |
| Credit of Shares to Demat Account | 10 May 2023 |
| Listing Date | 11 May 2023 |
Company Financial Details:
| Period Ended | Assets | Revenue | Profit After Tax | Borrowings | Reserves and Surplus |
|---|---|---|---|---|---|
| 31 March 2020 | 5,570.44 | 7,349.62 | 43.94 | 484.58 | 712.87 |
| 31 March 2021 | 6,111.28 | 6,211.77 | 65.77 | 1,147.84 | 317.42 |
| 25 July 2021 | 6,664.50 | 1,879.68 | 5.22 | 426.06 | 1,396.87 |
| 31 March 2022 | 9,933.52 | 8,008.68 | 504.42 | 2,435.85 | 654.27 |
| 31 October 2022 | 12,558.14 | 5,602.65 | 386.98 | 2,406.42 | 411.13 |
AS OF NOW GMP OF DEE NEERS TOOLS IS AROUND 35 Rs.