Established in the year 1951, De Niers Tools Limited is engaged in manufacturing of Hand Tools. The firm sells items including trolleys, tool kits, tool cabinets, spanners, wrenches, pliers, cutters, allen keys, hammers, sockets and screwdrivers. De Niers Tools customers include Tata Steel, Indian Oil, Larsen & Toubro, Assam Petrochemicals, Lohia Corporation, Polycab Cables, Indian Railways and others. “De Niers” is the brand name of the company, and it now has over 250 dealers across India. This week, the firm will launch its initial public offering (IPO), and the issue will go public. The registrar for De Niers Tools IPO is BigShare Services Pvt Ltd and the lead manager is Khambata Securities. Here are 10 key takeaways from the De Neers Tools SME IPO that market watchers should know about.
De Niers Appliance Description
1. IPO Date: April 28, 2023 to May 3, 2023
2. Listing Date: The official announcement has not been made yet but the expected date of listing is May 11, 2023.
3. De Niers Tools Face Value: 10 per share
4. Issue Price: since 95 101 per share
5. Lot Size of De Neers Tools SME IPO: 1200 shares
6. Issue Size: 2,276,800 shares (aggregate 23.00 crores)
7. To be listed at: De Niers Tools to list on NSE SME
8. Quota: 38.03% for Retail Category, 36.92% for NII and 25.04% for QIB
9. IPO Allotment Date: May 8, 2023
10. Credit of Shares: May 10, 2023
AR Ramachandran, Co-Founder & Trainer – Tips2trades said, “De Neers Tools Limited has a strong brand name, excellent customers and stable financial position, but has achieved high growth rate over the last 2 years at a very high debt-equity ratio Given that the current circumstances may dent valuations in the coming year, investors should wait for post-listing to buy at better valuations.
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