De Neers Tools Limited is coming up with the book-built issue of equity shares in the IPO (Initial Public Offering). The De Neers Tools IPO is to be issued from 18th April to 3rd May 2023. 22,76,800 equity shares of face value Rs 10 per equity share are to be issued in this IPO.
About De Neers Tools Limited
De Neers Tools Limited, founded in 1952, is a leading supplier of industrial tools in India, offering a wide range of products including spanners, wrenches, pliers, cutters, and more under the brand name “De Neers.” With a client list that includes Indian Railways, Tata Steel, and Lohia Corporation, the company specializes in providing safety tools such as non-sparking, insulated, and magnetic tools. De Neers is currently run by the fourth generation of the Aggarwal family, with a focus on quality, innovation, and reliability. The company is committed to constant testing, designing, and improving their products to meet the expectations of their customers.
De Neers Tools IPO Issue Details
| Issue Type | Book Built Issue IPO |
| Issue Opens | 28th April 2023 |
| Issue Closes | 3rd May 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 95-101 Per Share |
| Issue Size | 2,276,800 shares |
| Listing | NSE SME |
Objects of the Issue
The proceeds from the Issue will be used by the Company for the following purposes:
- To meet the working capital requirements of the company.
- For general corporate purposes and to meet the issue expenses.
De Neers Tools Limited — Company Contact Details
Registered Office: P. No. 468, Ground Floor, Industrial Area, Patparganj, Delhi – 110 092, India
Email: compliance@deneerstools.com
Contact No: 011 47072555
Website: http://www.deneerstools.com/
De Neers Tools IPO – Lead Manager of the Issue
Address: 1 Ground Floor, 7/10, Botawala Building, 9 Bank Street, Horniman Circle, Fort, Mumbai, Maharashtra – 400 001, India.
Phone: 011-41645051, 022-66413315
Email: ipo@khambattasecurities.com
Website: https://www.khambattasecurities.com/
De Neers Tools IPO – Registrar of the Issue
Bigshare Services Pvt Ltd
Address: S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Maharashtra – 400093, Maharashtra, India
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Issue Prospectus
Click here to read the Prospectus of this IPO Issue.
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