De Neers Tools Limited
ListedSMEManufacturing · NSE
Incorporated in 1952, De Neers Tools Limited is a supplier of industrial and safety tools under the brand name "De Neers." The company offers a wide range of products, including spanners, wrenches, pliers, cutters, allen keys, hammers, socketry, screwdrivers, tool kits, tool cabinets, and trolleys, as well as specialized tools like non-sparking, insulated, stainless steel, magnetic, and titanium tools. With approximately 250 dealers across India, De Neers serves clients such as Tata Steel, Indian Oil, Larsen & Toubro, Assam Petrochemicals, Polycab Cables, and Indian Railways, leveraging its experienced management team, strong distribution system, product quality, and reliable supply chain.
Price Band
₹95 – ₹101
Issue Size
₹23.00 Cr
Lot Size
1200 shares
GMP
₹43
+42.6%
Est. Listing
₹144
at current GMP
Subscribed
15.04x
overall
Open
28 Apr 2023
Close
3 May 2023
Allotment
8 May 2023
Refund
9 May 2023
Demat Credit
10 May 2023
Listing
11 May 2023
Last updated 12 days ago
Key Highlights
- •Leading player in the Manufacturing segment
- •Price band established at ₹95 - ₹101 per equity share
- •Minimum bid lot is 1200 shares
- •Estimated listing target of ₹144 based on current grey market activity