May 11, 2023
admin
DeNeers Tools IPO Particulars & Guidance at Chanakyanipothi.com,
the Oldest & the most Trusted Investment Website in India for coming up IPOs. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years.
DeNeers Tools IPO Listing:
The scrip listed at Rs. 190, providing return of 88% over issue price of Rs. 101. Such listing has given boost to the SME IPO market.
DeNeers Tools IPO Review:
The company is a leading player in hand tools industry. However, the profits have sharply moved up in the year prior to the IPO, otherwise the profits were very small. Fancy in the grey market for this IPO is not strong.
DeNeers Tools IPO Grey Market updates
GMP Rs. 43 prior to listing
What is the Subscription Status of DeNeers Tools IPO?
On 3 May 2023 @ 5.00 (Closed)
QIB: 1138200 Shares 3.72T
NII: 341460 Shares 60.16T
RII: 796740 Shares 11.88T
Total: 2276400 Shares 15.04T
DeNeers Tools IPO Particulars & Guidance: About the business
De Neers is among the few key players in the hand tool industry as per the industry report of CareEdge. It provides a very broad range of hand tools in India with approximately two-third of its revenue geographically concentrated in the states of Delhi NCR, Gujarat, Telangana, Bihar & Uttar Pradesh (UP). Its extensive range of products includes 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 has 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.
Its 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 the dealers / distributors, hardware suppliers throughout India. Its ultimate clients include some of the leading OEM’s like Tata Steel, Indian oil, Larsen & Toubro, Assam Petrochemicals, Lohia Corporation, Polycab Cables, Indian Railways, etc
De Neers Tools Ltd is an ISO 9001:2015, ISO 14001:2015 and 45001:2018 accredited company. Today, it has over 3200 SKUs and it is the fourth-generation serving the hand tools industry since 1952 i.e. over seven decades. Generation on generations, it has learned and adopted new and improved systems to increase its dealership network, customer reach and the best practices to satisfy its customers’ needs to the fullest.
For more information about the company, Click https://deneerstools.com/
| DeNeers Tools IPO Details | |
| IPO opens on Tentative | 28 April 2023 |
| IPO closes on | 3 May 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2276400 Sh /Rs 22.99Cr |
| * Fresh Issue | 2276400 Sh /Rs 22.99 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.95-101 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB | 541165 | – |
| NII | 797915 | ? |
| RII | 821904 | ? |
| Total Shares | 2161200 | ? |
| Retail portion will be oversubscribed by | 685 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 1200 Sh | Rs. 121200 |
| Min HNI Application | 2400 Sh | Rs. 242400 |
Promoters of the IPO
Mr. Neeraj Kumar Aggarwal, Mrs. Shilpy Aggarwal, Mr. Kanav Gupta
Objects of the IPO:
The Company proposes to utilize the Net Proceeds from the Issue to meet the working capital requirements of the company.
| IPO Tentative timetable | |
| IPO opens on | 28 April 2023 |
| IPO Closes on | 3 May 2023 |
| IPO Allotment on | 8 May 2023 |
| Unblocking of ASBA | 9 May 2023 |
| Credit of Shares | 10 May 2023 |
| Listing on | 11 May 2023 |
| Registered Office of the Company |
| P.No. 468, Ground Floor, Industrial Area, Patparganj, Delhi – 110 092 |
| IPO Lead Managers |
| Khambatta Securities Limited |
| Registrar to the IPO |
| Bigshare Services Pvt Ltd |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 73.50 | 0.56 | 0.88 | 7.76 |
| 2020-21 | 62.12 | 0.54 | 0.86 | 16.90 |
| 2021-22 | 80.09 | 5.04 | 7.97 | 21.17 |
| Book Value of the Share on | 31.03.2022 | Rs.37.63 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 101 | |||
| Ratio Analysis | |
| Upper Price/last EPS | 12.67 |
| Upper price/BV Ratio | 2.68 |
| Upper price/BV after IPO | – |
–
DeNeers Tools IPO Particulars & Guidance
Peer Comparison:
| As on date of DRHP | FV | Income | PE |
| Rs. | in Cr | Ratio of | |
| The IPO Company | 10 | 80.00 | ? |
| Taparia Tools | 10 | 669.50 | 0.05 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
>>Go to Mainboard IPOs Section: Click
>>Get Good Staff or Job, Click: Staffavailable.com
>>Interested in Used Automobiles or vintage cars? Click: BigGaddi.com
>>Get solid Guidance on Mutual fund Investments, Click: ChanakyaMFGuidance.com
>>Study Stock Research Reports, Click: AnalysisLibrary.com
>>Interested in Crossword Puzzles? Click: Magajmari.com
