Issue Price
₹101
Per Share
GMP
NIL
Grey Market
Est. Listing
₹101
Expected Price
Min. Application
₹242,400
2 lots × 1200 shares
Incorporated in 1952, De Neers Tools Limited supplies industrial tools. The company offers spanners, wrenches, pliers, cutters, allen keys, hammers, socketry, screwdrivers, tool kits, tool cabinets, trolleys, etc.The company's brand name is "De Neers". At present, company has approximately 250 dealers throughout India.The company also specializes 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.De Neers Tools' client list includes Tata Steel, Indian oil, Larsen & Toubro, Assam Petrochemicals, Lohia Corporation, Polycab Cables, Indian Railways, and so on.Competitive Strengths:Experienced directors and management team.Distribution system.Quality and safety of products.Repeat orders.Strong supply chain.
De Neers Tools Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 115,200 | — | ₹1.16 Cr | — |
| TOTAL | 2,276,400 | 100.00% | ₹22.99 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹121,200 |
| Retail (Max) | 13 | 15,600 | ₹1,575,600 |
| sNII (Min) | 14 | 16,800 | ₹1,696,800 |
| bNII (Min) | 68 | 81,600 | ₹8,241,600 |
| Particulars | 31-Oct-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue from Operations | 5602.65 | 8008.68 | 6211.77 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 386.98 | 504.42 | 65.77 |
| Net Worth | 3044.13 | 2382.27 | 320.47 |
| Total Assets | 12558.14 | 9933.52 | 6111.28 |
| Reserves & Surplus | 411.13 | 654.27 | 317.42 |
| Total Borrowings | 2406.42 | 2435.85 | 1147.84 |