About Company
De Neers Tools was founded in 2018 to manufacture and market hand tools. The company’s promoters have seven decades of experience and started in 1952 as a family business to manufacture small hand tools. The company is among the few key players and a leader in terms of market share.
The company’s brand name is “De Neers.” At present, the company has approximately 250 dealers throughout India.
De Neers offers a broad range of tools, including non-sparking tools, insulated steel tools, spanners, wrenches, stainless and magnetic tools, hammers, sockets, screwdrivers, tool kits, etc. The company supplies to some leading OEM manufacturers – Tata Steel, Larsen & Toubro, Indian Oil, Assam Petrochemicals, Lohia Corporations, Polycab Cables, Indian Railways, etc. Dee Neers has a well-equipped manufacturing unit in Punjab.
| Bidding Dates 28 Apr ’23 – 03 May ’23 | Price Range ₹95 – ₹101 Per Shares |
| Minimum Investment ₹121,200 / 1 Lots ( 1200 Shares ) | Maximum Investment ₹121,200 / 1 Lots ( 1200 Shares ) |
| Investor category and sub category Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investor | Issue Size ₹22.99 Cr |
IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Opening Date Apr 28, 2023 | IPO Closing Date May 3, 2023 |
| Basis of Allotment May 8, 2023 | Initiation of Refunds May 9, 2023 |
| Credit of Shares to Demat Account May 10, 2023 | IPO Listing Date May 11, 2023 |
De Neers Tools Ltd IPO Details
De Neers Tools IPO contains new issues of an undisclosed amount. De Neer’s IPO price and dates have yet to be announced.
De Neers Tools Ltd IPO Objectives
- To meet the working capital requirements
- General corporate purpose
- To meet issue expenses
Should you invest in De Neers Tools Ltd?
- The company’s promoters have been in business for 70 years.
- It is one of the leading hand tool distributors, offering an end-to-end business approach.
- The company caters to several large OEMs
Company Financials
| Particulars | Period between April 1 and October 31, 2022 | Year ending on March 31, 2021 | Year ending on March 31, 2020 |
|---|---|---|---|
| Revenue from Operations | 5602.27 | 6211.77 | 7349.60 |
| Profit After Tax (PAT) | 386.98 | 54.14 | 55.57 |
| PAT Margin | NA | NA | NA |
| EBITDA | NA | NA | NA |
| EBITDA Margin | NA | NA | NA |
| ROE | NA | NA | NA |
| EPS | 6.11 | 0.86 | 0.88 |
Know before investing
Strengths
- De Neers has improved its business and operational efficiency to leverage economies of scale over the years.
- It has a robust, established network of 250 dealers and distributors.
- It has built solid relationships with its customers.
Risks
- It is a capital-intensive business.
- Changes in the regulatory environment can impact the company’s operational and financial performance.
- It operates in a highly fragmented industry, with 80% of the competition coming from unorganized competitors.
Please Click Here To Apply For De Neers Tools IPO
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