De Neer Tools Limited

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 eerstools.com
Website	https://deneerstools.com/

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%