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De Neers Tools Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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De Neers Tools Ltd IPO

Registered Office: P.No.468 Ground Floor,Industrial Area Patparganj , Delhi - 110092 , Delhi , India.
Phone : 91-011-47072555   Fax:
Email :  compliance@deneerstools.com  
Website :  www.deneerstools.com
Initial public issue of 22,76,400 equity shares of face value of (Rs)10 each ("Equity Shares") of De Neers Tools Limited (the "Company" or the "Issuer") for cash at a price of (Rs)101 per equity (the "Issue Price") aggregating to (Rs)22.99 crores ("The Issue") comprising of a fresh issue of 22,76,400 equity shares aggregating to (Rs)22.99 crores (the "Fresh Issue") of which 1,15,200 equity shares aggregating to (Rs)1.16 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 21,61,200 equity shares aggregating to (Rs)21.82 crores (the "Net Issue"). The issue and the net issue will constitute 26.45% and 25.11% respectively of the post issue paid up equity share capital of the company. Price Band: (Rs)101.00 per equity share of face value of (Rs)10/- each and the issue price is 10.1 times of the face value at the lower price band and the upper price band respectively. Bid can be made for minimum of 1,200 equity shares and the multiples of 1,200 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
28-Apr-23 03-May-23 (Rs)101.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 22.49
Khambatta Securities Ltd
Project Financed through Current Offer 22.99  
Post Issue Equity Share Capital 8.61  
Issue Price (Rs)101.00  
 
Projects
Working capital requirements including margin moneyGeneral corporate purposes
Promoted By
Neeraj Kumar Aggarwal  
Shilpy Aggarwal  
Kanav Gupta  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd