The De Neers Tools IPO minimum market lot is 1200 shares with ₹121,200 application amount. The IPO to list on NSE.
De Neers Tools Limited is a manufacturer and supplier of Hand Tools since 1951. The company offers products such as spanners, wrenches, pliers, cutters, allen keys, hammers, socketry, screwdrivers, tool kits, tool cabinets, trolleys, etc. De Neers Tools’ some of the client name includes Tata Steel, Indian oil, Larsen & Toubro, Assam Petrochemicals, Lohia Corporation, Polycab Cables, Indian Railways, and more.
IPOWatch View
We recommend investors may apply an IPO with Caution (Avoid) Investors should also look at the QIB, NII, and Retail numbers before investing.
De Neers Tools IPO Subscription Status
| Category | Day 3 |
| QIB | 3.72 |
| NII | 60.16 |
| RII | 11.88 |
| Total | 15.04 |
De Neers Tools IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
De Neers Tools IPO Review
- Avoid
De Neers Tools IPO Date & Price Band
| IPO Open: | April 28, 2023 |
| IPO Close: | May 3, 2023 |
| IPO Size: | Approx ₹23 Crores, 2,276,800 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹95 to ₹101 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
De Neers Tools IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹121,200 |
| Retail Maximum | 1 | 1200 | ₹121,200 |
| S-HNI Minimum | 2 | 2400 | ₹242,400 |
De Neers Tools IPO Subscription Dates
| IPO Open Date: | April 28, 2023 |
| IPO Close Date: | May 3, 2023 |
| Basis of Allotment: | May 8, 2023 |
| Refunds: | May 9, 2023 |
| Credit to Demat Account: | May 10, 2023 |
| IPO Listing Date: | May 11, 2023 |
De Neers Tools IPO Form
How to apply for the De Neers Tools IPO? You can apply for De Neers Tools IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the De Neers Tools IPO in the Invest section. The other option is you can apply for De Neers Tools IPO via IPO forms downloaded via NSE. Check out the De Neers Tools forms – Click NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
