De Neers Tools Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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De Neers Tools

CMP

200.05

-2.15 (-1.06%)

  • DRHP
₹101

Offer Price

₹ 22.99 Cr

Issue Size

₹ 1,21,200

Min Investment

1,200

Lot size

Time Line

  • 28
    Apr 2023
    Open
  • 03
    May 2023
    Close
  • 08
    May 2023
    Finalisation of Basis of Allotment
  • 09
    May 2023
    Initiation of Refunds
  • 10
    May 2023
    Transfer of Shares to Demat Account
  • 11
    May 2023
    Listing Date

Risks

  • The company brand De Neers is at its initial stage.

  • The company debtors constitute payments that are due from over 3 years.

  • The products marketed and sold by the Company in relation to the "De Neers" brand are vulnerable to counterfeiting or imitation by third parties that may affect the reputation of the Company.

  • The company has experienced negative cash flows in the past.

  • The Company has taken unsecured borrowings payable on demand from Promoters.

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2022 3-Yr trend
Revenue 60.19 (-) 95.05 (57.90%) 21.33 (-)
Gross Profit 60.19 (-) 95.05 (57.90%) 21.33 (-)
Net Income 60.19 (-) 95.05 (57.90%) 21.33 (-)
Assets 60.19 (-) 95.05 (57.90%) 21.33 (-)
Liabilities 60.19 (-) 95.05 (57.90%) 21.33 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
De Neers Tools Ltd 60.19 4.99 60.30 36.48 21.33 0.00 2,190.90 2.49 0.60
Taparia Tools Ltd 667.62 65.09 316.86 316.86 27.37 214.41 783.20 20.54 0.00

Book Running Managers

  • Share India Capital Services Pvt Ltd
  • Khambatta Securities Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

P.No.468 Ground Floor,
Industrial Area Patparganj,
Delhi - 110092
Phone : 91-011-47072555 Email : compliance@deneerstools.com www.deneerstools.com

Offer Related Information

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... More

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