De Neers Tools was established on July 26, 2021, and provides a wide variety of hand tools across India. The majority of its revenue is generated from the states of Delhi NCR, Gujarat, Telangana, Bihar, and Uttar Pradesh. Its diverse product range includes spanners, wrenches, pliers, cutters, Allen keys, hammers, socketry, screwdrivers, tool kits, tool cabinets, and trolleys.
| Bidding Dates |
|---|
| 28 Apr 2023 - 03 May 2023 |
| Subscription |
|---|
| 15.04x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,21,200 | 1 | 1 | 1200 | 2.3 M | ₹95 - ₹101 | 73.55 % | ₹216.3 M - ₹229.9 M | RHP DOC |
De Neers Tools IPO SUBSCRIPTION STATUS
03 May '23De Neers Tools IPO overall subscription rate was 15.04 times the total available shares
De Neers Tools IPO retail subscription rate was 11.88 times in the retail segment
De Neers Tools IPO non-institutional investor subscription rate was 60.16 times in the non-institutional investor category
De Neers Tools IPO Qualified Institutional Bidder subscription rate was 3.72 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 May 2023 (Day 3) | 11.88x | 60.16x | 3.72x |
02 May 2023 (Day 2) | 1.84x | 3.39x | 0x |
28 Apr 2023 (Day 1) | 0.26x | 0.25x | 0x |
De Neers Tools FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 7MFY23 | 38.7 | 560.2 | -109.8 | -113.1 |
| FY22 | 50.4 | 789.9 | -271.2 | -287.7 |
| FY21 | 5.4 | 621.2 | -13.4 | -17.0 |
| FY20 | 5.6 | 735.0 | -65.6 | -69.4 |
De Neers Tools IPO SUBSCRIPTION STATUS DETAILS
De Neers Tools had 2.3 M shares on offer
De Neers Tools IPO offer price was in the range ₹95 - ₹101
De Neers Tools IPO minimum Investment was ₹121200
De Neers Tools IPO issue size was ₹ 216.3 M - ₹ 229.9 M
De Neers Tools had a minimum lot size of 1200 Shares per application
De Neers Tools NUMBER OF SHARES ON OFFER
De Neers Tools IPO IMPORTANT DATES
| Issue Open Date | 28 Apr 2023 |
| Issue close Date | 03 May 2023 |
| Allotment Date | 08 May 2023 |
| Refund Date | 09 May 2023 |
| Demat Account Credit Date | 10 May 2023 |
| Listing Date | 11 May 2023 |
| Listing on Exchange(s) | NSE |
| De Neers Tools Allotment Status | Exchange |
De Neers Tools IPO subscription opened on 28 Apr 2023, and closed on 03 May 2023
IPO allotment for De Neers Tools was finalized on Monday, 08 May 2023
IPO listing for De Neers Tools was on NSE on Thursday, 11 May 2023
De Neers Tools IPO LISTING GAINS
| Issue Price (adjusted) | 101.0 |
| Listing Open Price | 190.0 |
| Listing Close Price | 180.5 |
| Listing Gain% | 88.1% |
| Current Gain% | 82.1% |
De Neers Tools Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| De Neers Tools Ltd. | 184 | 158.3 | 7 | 0.2 | 0.9 | 29.6 | 12.2 | 178.3 | 22.7 | 25.2 | 60 | 26.2 | 43.2 |
| APL Apollo Tubes Ltd. | 1970 | 54698.7 | 44.5 | 0.8 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Welspun Corp Ltd. | 1839.8 | 48532.2 | 21 | 1.4 | 2.8 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| Usha Martin Ltd. | 515 | 15695.7 | 31 | 1.2 | 4.1 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 35.2 | 13768.5 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Technocraft Industries (India) Ltd. | 2693.5 | 6106.9 | 21.4 | 1.9 | 2.2 | 14.1 | 8.8 | 2860.8 | 6.1 | 285.3 | 11.4 | 125.8 | 11.4 |
De Neers Tools INFORMATION ON IPO ISSUE
About De Neers Tools
De Neers Tools was established on July 26, 2021, and provides a wide variety of hand tools across India. The majority of its revenue is generated from the states of Delhi NCR, Gujarat, Telangana, Bihar, and Uttar Pradesh. Its diverse product range includes spanners, wrenches, pliers, cutters, Allen keys, hammers, socketry, screwdrivers, tool kits, tool cabinets, and trolleys.
Object of the Issue
- To meet the working capital requirements of the company
- General corporate purpose
- To meet the issue expenses
De Neers Tools - PROMOTERS
| Name |
|---|
| Neeraj Kumar Aggarwal |
| Shilpy Aggarwal |
| Kanav Gupta |
De Neers Tools Lead Manager to the Issue
Khambatta Securities Limited
ipo@khambattasecurities.com
De Neers Tools Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
De Neers Tools Strengths
Distribution system
As per the report by CareEdge, the company is one of the key players in the hand tool distribution industry and is recognized as a leading distributor. This recognition can be attributed to the company's commitment to providing high-quality products to its customers
Repeat orders
The company's emphasis on maintaining consistent quality and taking customer-oriented steps has led to customer satisfaction. As a result, the company has received repeat orders from many of its customers
Quality and safety of products
The company's products play a critical role in enhancing workplace safety across various industrial settings. These tools are essential for ensuring the safety of their users
De Neers Tools Risks
Negative cash flows
The company has had negative cash flows from both operating and investing activities in the past, and it may continue to experience similar negative cash flows in the future
Dependent on few geographies
The company's primary source of revenue comes from sales made in the states of Delhi NCR, Gujarat, Telangana, Bihar, and Uttar Pradesh
IPO FAQs
The promoters of the company are Neeraj Kumar Aggarwal, Shilpy Aggarwal and Kanav Gupta.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 95.0 - 101.0.
The IPO application opens on Apr 28, 2023 and closes on May 03, 2023.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 121,200.0, the maximum value for this IPO is Rs 121,200.0.
This IPO will be allotted on May 08, 2023.
The refund will be credited to your account on May 09, 2023.
The allotted shares will be credited to your demat on May 10, 2023.
De Neers Tools Ltd.’s shares listed on the stock exchanges on May 11, 2023.