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Shining Tools Ltd. IPO (Shining Tools IPO) Detail
The SME IPO of Shining Tools Ltd. opens for subscription on November 7, 2025 and closes on November 11, 2025. The Shining Tools IPO includes an entirely fresh offering of 0.15 crore shares worth ₹17.10 crore. It will be listed at BSE SME and the IPO price is ₹114.00 per share. The minimum lot size investment for High Net Worth Individuals (HNIs) is 3 lots (3,600 shares), amounting to ₹4,10,400 and the minimum amount required by retail investors is ₹2,73,600 (2,400 shares).
Registrar & Managers: Maashitla Securities Pvt. Ltd. is the registrar of the issue, Aftertrade Broking Pvt. Ltd. is the market maker, and Sobhagya Capital Options Pvt. Ltd. is the book running lead manager.
Company Background
Shining Tools Ltd., incorporated in May 2013 and based in Rajkot, Gujarat, designs and manufactures high-performance solid carbide cutting tools used across industries such as engineering, medical, defense, agriculture, automobile, aerospace, and power.
The company produces a wide range of tools including thread mills, end mills, reamers, and drills under the brand name “Tixna.” Their Rajkot facility is equipped with advanced CNC machines and robust quality inspection processes ensuring precision and quality.
Operations & Product Range
Shining Tools Ltd. leverages modern technology and skilled professionals to deliver a diverse range of tooling solutions such as thread mills, chamfer tools, drills, reamers, and drill mills. They also provide coating and reconditioning services to extend the lifecycle and performance of tools.
Management & Shareholding
The promoters of the company are Vipulbhai Laljibhai Ghonia and Kamalbhai Laljibhai Ghonia. Before the IPO, promoter holding was 96.18%, which is expected to reduce to approximately 70.68% post-issue due to dilution.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Shining Tools Ltd. IPO (Shining Tools IPO) Detail
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Shining Tools Ltd. IPO (Shining Tools IPO) Detail Details
| Detail | Description |
|---|---|
| IPO Date | November 7, 2025 to November 11, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹114 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,00,000 shares (aggregating up to ₹17.10 Cr) |
| Reserved for Market Maker | 75,600 shares (aggregating up to ₹0.8618 Cr) |
| Net Offered to Public | 14,24,400 shares (aggregating up to ₹16.24 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 41,58,400 shares |
| Share Holding Post Issue | 56,58,400 shares |
Shining Tools Ltd. IPO (Shining Tools IPO) Detail Timeline
| Detail | Description |
|---|---|
| IPO Open Date | November 7, 2025 |
| IPO Close Date | November 11, 2025 |
| Tentative Allotment | November 12, 2025 |
| Initiation of Refunds | November 13, 2025 |
| Credit of Shares to Demat | November 13, 2025 |
| Tentative Listing Date | November 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, November 11, 2025 |
Shining Tools Ltd. IPO (Shining Tools IPO) Detail Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,73,600 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,73,600 |
| HNI (Min) | 3 | 3,600 | ₹4,10,400 |
Shining Tools Ltd. IPO (Shining Tools IPO) Detail Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 96.18% |
| Promoter Holding Post Issue | 70.68% |
Competitive Strength:
- • Established expertise in solid carbide cutting tools manufacturing
- • Advanced CNC-equipped Rajkot-based production facility
- • Wide and diverse product range serving multiple industries
- • Strong promoter holding with significant post-IPO control
- • Demonstrated steady financial growth with rising profitability
- • Robust quality control and customer-centric innovation approach
Shining Tools Ltd. IPO (Shining Tools IPO) Detail Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Jul 2025 | 22.51 | 5.42 | 1.47 | 9.47 | 8.87 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 19.64 | 14.77 | 2.93 | 8.01 | 8.18 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 15.05 | 10.60 | 1.58 | 3.60 | 7.54 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 16.83 | 10.46 | -0.08 | 2.02 | 9.45 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 49.59% |
| ROCE | 29.61% |
| Debt/Equity | 36.60% |
| RoNW | 27.19% |
| PAT Margin | 46.86% |
| EBITDA Margin | 5.82 |
| Price to Book Value | 64.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.05 | 7.78 |
| P/E (x) | 6.18 | 14.66 |
IPO Objectives
- Purchase and installation of plant and machinery for Carbide Precision Tools (₹9.07 crore)
- Funding of working capital requirements (₹3.85 crore)
- General corporate purposes (₹2.48 crore)
Conclusion
The IPO of Shining Tools Ltd. presents an opportunity to invest in a precision manufacturing company with growing demand across key industries. With a strong product line, advanced infrastructure, and experienced promoters, the company is well-positioned for long-term growth post-listing.
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Frequently asked Questions (FAQs )
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Q1: When does Shining Tools Ltd.’s IPO open and close?
The Shining Tools IPO opens on November 7, 2025 and closes on November 11, 2025.
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Q2: What is the total size of the IPO?
The fixed-price issue includes an entirely fresh offering of 0.15 crore shares of ₹17.10 crore.
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Q3: Where will the IPO be listed?
The IPO will be listed on the BSE SME platform.
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Q4:What financial growth has the company demonstrated?
The company’s revenue from operations increased steadily between the financial years ending in 2022 and 2024 from approximately ₹10.07 crore to ₹10.53 crore. The company enhanced its EBITDA margin significantly from 18.38% in FY22 to 39.40% in FY24, highlighting enhanced operational efficiency and profitability. Moving from a loss position of -1.93% in FY22, the Profit after tax (PAT) of the company exhibited remarkable improvement to move to a positive 14.96% profit margin in FY24.
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Q5:What are the primary objectives for the Shining Tools IPO proceeds?
The primary objectives for the IPO proceeds include the purchase and installation of plant and machinery for Carbide Precision Tools at Existing Premises, funding of working capital requirements and general corporate purposes.
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