Business Standard

De Neers Tools Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

22.99 cr

Price Range (₹)

101

Lot Size

1200

Min Investment (₹)

1,21,200.00

Listing Exchange

NSE - SME

Open Date

28-Apr-2023

Close Date

03-May-2023

Listing Date

11-May-2023

De Neers Tools Ltd News

    The Shares of De Neers Tools Ltd have now been listed.

    De Neers Tools Ltd IPO Details

    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.

    Objective of issue

    Working capital requirements including margin money. General corporate purposes.

    De Neers Tools Ltd Contact Details

    De Neers Tools Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - compliance@deneerstools.com

    Website - www.deneerstools.com