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SME IPO Status: Listed [28th Apr 2023 to 3rd May 2023]
Rated 3/5 by Team TopShareBrokers
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.
| 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 |
In this section we have covered all important dates related to De Neers Tools SME IPO. Dates are updated as they are announced. The most noted dates are SME IPO start date and SME IPO end date, which one should use to participate in SME IPO.
| 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
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹95-101 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹121200 |
| Min Small HNI Lots(2-10 Lakh): | 2400 shares (2 lots) |
| Min Big HNI Lots(10+ Lakh): | 10800 shares (9 lots) |
Zerodha Free Demat Account
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.
| Incorporation | Sector | IPO Issue Size | Website |
| 1952 | Hand Tools | ₹22.99 Cr | https://deneerstools.com/ |
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,138,200 (50%) | 341,460 (15%) | 796,740 (35%) | 2,276,400 | 1 | 28th Apr 2023 19:31 | 0.00x | 0.25x | 0.27x | 0.13x | 2 | 2nd May 2023 19:31 | 0.00x | 3.39x | 1.87x | 1.16x | 3 | 3rd May 2023 19:31 | 3.72x | 60.16x | 11.88x | 15.04x |
Past performance and financial results of De Neers Tools.
| 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 | ||||||
Last Updated on 2023-05-14T09:00:09+00:00
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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To subscribe or apply in De Neers Tools SME IPO, you can use the following methods:
| Online Application | 3-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 Application | 2-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 Application | ASBA | 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 Application | Physical 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
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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:
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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?
