De Neer Tools Limited

Company Profile
Company Name De Neer Tools Limited
Open Date 28-04-2023
Close Date 03-05-2023
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹95-101 Per share
Issue Size 22,76,400
Application Amount ₹1,21,200
Recommendation Avoid
De Neers Tools Ltd. (DNTL) was originally promoted as De Neers Tools LLP and it took over Deewan Chand Madanlal & Sons as a going concern in June 2021. This merged firm was converted into a public limited company as of July 26, 2021. The company sells its products under the "De Neers" brand. DNTL 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-thirds of 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, screwdrivers, tool kits, tool cabinets, trolleys, etc. The company 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.
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Summary of Financials (All financials in lakhs)

For the Period Ended Mar-21 Mar-22 Oct-22
Total Assets 6,111.28 9,933.52 12,558.14
Net Assets 320.47 2,382.27 3,044.13
Total Borrowings 1,147.84 2,435.85 2,406.42
Total Revenue 6,211.77 8,008.68 5,602.65
Profit After Tax 65.77 504.42 386.98

Tentative Timeline

Opening Date 28-04-2023
Closing Date 03-05-2023
Basis of Allotment 08-05-2023
Initiation of Refunds 09-05-2023
Credit of Shares to Demat 10-05-2023
Listing Date 11-05-2023

Objects of the Issue

To meet the working capital requirements of the company.
For general corporate purposes and to meet the issue expenses.

Contact Information

Registered Office De Neers Tools Limited P.No. 468, Ground Floor, Industrial Area, Patparganj, Delhi – 110 092
Phone 011 47072555
Email compliance@den

Registrar Details

Name Bigshare Services Pvt Ltd
Phone 91-22-6263 8200

IPO Reservation

Market Maker Shares Offered 1,15,200 (4.82%)
QIB Shares Offered 11,38,200 (47.59%)
NII (HNI) Shares Offered 3,41,460 (14.28%)
Retail Shares Offered 7,96,740 (33.31%)
Total Shares Offered 23,91,600 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 91.14%
Share Holding Post Issue (Promoters) 67.03%

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