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De Neers Tools Limited IPO

4 Mins 05 May 2023 0 COMMENT

About the Company:

De Neers Tools Limited is a pan-India supplier of industrial tools with an eminent list of clients including Tata Steel, Indian oil, Larsen & Toubro, Assam Petrochemicals, Lohia Corporation, Polycab Cables, Indian Railways, etc.

Products:

Industrial tools including spanners, wrenches, pliers, cutters, Allen keys, hammers, sockets, screwdrivers, tool kits, tool cabinets, trolleys, etc.

Safety tools including non-sparking tools, insulated steel tools, non-sparking insulated tools, stainless steel and magnetic tools, titanium tools, etc.

Business Model :

De Neers Tools Limited supplies its products through an extensive chain of approximately 250 dealerships across India.

IPO details :

IPO subscription dates: April 28 to May 3, 2023

Price: Rs. 95-101 per share

Lot size: 1,200 shares (i.e., Rs. 1,14,000 to Rs. 1,21,200)

IPO Objective:

De Neers Tools Limited intends to utilise the proceeds on:

Working capital requirements

General corporate purposes and issue expenses

Company Financials

 

Liability Situation

 

Sr. No.

Particulars Amount

Particulars Amount

1

Income Tax demands/Notices before CIT Appeals/TDS

Nil

2

Bank Guarantees/Corporate Guarantees

Nil

 

Total

Nil

 

The company does not have any Contingent Liabilities as on the date of filing the RHP.

Major Business-Related Risk

There are no outstanding legal proceedings involving the Company, Promoter, Directors and Group Companies.

How to apply for a Quick IPO on ICICIdirect

  • Select IPO

Go to the IPO section, select the IPO you want to apply for from the list, and click on ‘Apply’.

  • Fill in the required details

Fill in the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto-calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on the “Add bid” option.

  • Confirm your request

Click on proceed to confirm the order. You can view the placed order under “Order book”. If you are applying using UPI, check the A/C and UPI details before clicking on proceed. You will get a UPI link through which the payment can be made.

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