De Neers Tools Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹43(42.57%)
Premium (ELP)
The Initial Public Offering of De Neers Tools Limited's culminated in its successful listing on May 11, 2023 at the NSE trading platform. The company secured 22,76,400 Shares through this capital market exercise, with 22,76,400 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹95 to ₹101, with minimum investment requirements of 1200 shares. The subscription period from Apr 28, 2023 to May 03, 2023 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on May 08, 2023. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1952, De Neers Tools Limited is a supplier of industrial and safety tools under the brand name "De Neers." The company offers a wide range of products, including spanners, wrenches, pliers, cutters, allen keys, hammers, socketry, screwdrivers, tool kits, tool cabinets, and trolleys, as well as specialized tools like non-sparking, insulated, stainless steel, magnetic, and titanium tools. With approximately 250 dealers across India, De Neers serves clients such as Tata Steel, Indian Oil, Larsen & Toubro, Assam Petrochemicals, Polycab Cables, and Indian Railways, leveraging its experienced management team, strong distribution system, product quality, and reliable supply chain.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Neeraj Kumar Aggarwal
- Mrs. Shilpy Aggarwal
- Mr. Kanav Gupta
De Neers Tools Limited
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