IPO Details

Bidding Dates

28 Apr '23 - 03 May '23

Minimum Investment

₹121,200 / 1 Lots ( 1200 Shares )

Price Range

₹95 - ₹101

Maximum Investment

₹121,200 / 1 Lots ( 1200 Shares )

Retail Discount

To be announced

Issue Size

₹22.99 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors   |   Retail Individual Investor   |  

De Neers Tools IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Apr 28, 2023

IPO Closing Date

May 3, 2023

Basis of Allotment

May 8, 2023

Initiation of Refunds

May 9, 2023

Credit of Shares to Demat Account

May 10, 2023

IPO Listing Date

May 11, 2023

De Neers Tools IPO Subscription Details


Day 1Apr 28, 2023

0.00 0.25 0.27 0.13

Day 2May 2, 2023

0.00 3.39 1.87 1.16

Day 3May 3, 2023

3.72 60.16 11.88 15.04

De Neers Tools IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyer 3.72
Non-Institutional Buyers 60.16
Retail Investors 11.88
Employees [.]
Others [.]
Total 15.04

About Company

De Neers Tools was founded in 2018 to manufacture and market hand tools. The company's promoters have seven decades of experience and started in 1952 as a family business to manufacture small hand tools. The company is among the few key players and a leader in terms of market share.

De Neers offers a broad range of tools, including non-sparking tools, insulated steel tools, spanners, wrenches, stainless and magnetic tools, hammers, socketry, screwdrivers, tool kits, etc. The company supplies to some leading OEM manufacturers - Tata Steel, Larsen & Toubro, Indian Oil, Assam Petrochemicals, Lohia Corporations, Polycab Cables, Indian Railways, etc. Dee Neers has a well-equipped manufacturing unit in Punjab.

De Neers Tools Ltd IPO Details

De Neers Tools IPO contains fresh issues of an undisclosed amount. De Neers IPO price and dates have not yet been announced.

De Neers Tools Ltd IPO Objectives

  • To meet the working capital requirements
  • General corporate purpose
  • To meet issue expenses

Should you invest in De Neers Tools Ltd?

  • The company's promoters have been in business for 70 years.
  • It is one of the leading hand tool distributors, offering an end-to-end business approach.
  • The company caters to several large OEMs.

De Neers Tools Company Financials

Particulars Period between April 1 and October 31, 2022 Year ending on March 31, 2021 Year ending on March 31, 2020
Revenue from Operations 5602.27 6211.77 7349.60
Profit After Tax (PAT) 386.98 54.14 55.57
EPS 6.11 0.86 0.88

Know before investing


  1. De Neers has improved its business and operational efficiency over the years to leverage economies of scale.

  2. It has a robust, established network of 250 dealers and distributors.

  3. It has built solid relationships with its customers.


  1. It is a capital-intensive business.

  2. Changes in the regulatory environment can impact the company's operational and financial performance.

  3. It operates in a highly fragmented industry, with 80% of the competition coming from unorganised competitors.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

De Neers Tools IPO FAQs

What is De Neers Tools Ltd.'s IPO?

De Neers IPO price band is fixed at Rs. 95-101 per share. The offer will open for bidding on April 28, 2023. 

The total IPO size is Rs. 22.99 crore of 2,276,400 shares. 

Retail investors can apply for a minimum of one lot of 1,200 equity shares.

When will De Neers Tools Ltd.'s IPO allotment be available?

The Basis of Allotment date is May 08, 2023

What will be De Neers Tools Ltd.'s IPO lot size?

One lot of De Neers’ IPO contains 1,200 equities.

When will De Neers Tools Ltd.'s IPO open for subscription?

The bidding window for the IPO will open on April 28, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will De Neers Tools Ltd. list on exchanges?

The listing date of the De Neers IPO is May 11, 2023.

How do I check the allotment status of the De Neers Tools Ltd IPO?

You can check the IPO share allotment status from Angel One mobile app. Log in to the app and validate with an OTP. To check the allotment status, enter your application number, DP ID, and PAN number into the app.

What would the listing gain on the De Neers Tools Ltd IPO be?

Listing gains cannot be ascertained before listing the IPO on the stock exchange. In this case, De Neers IPO will list on May 11, 2023.

I have finished the application process for the De Neers Tools Ltd IPO, but the funds are not yet debited. What is the reason?

The bank will initially block the amount in your account. The money will be debited when the shares are allotted (or unblock after the UPI mandate expiration date). 

How do I approve the UPI mandate request for De Neers Tools Ltd's IPO?

Login to your UPI handle to complete the IPO application process.

Can I submit more than one application for the public issue of De Neers Tools Ltd. using one PAN?

You are allowed to submit only one application using one PAN card.

What is the minimum order quantity for De Neers Tools Ltd.'s IPO?

The minimum order size is one lot of 1200 equity shares.