Shining Tools IPO
Open SmeCurrent GMP
₹3 (+2.63%)
Price Band
₹ 114 – 114
Lot Size
1200
Issue Size
₹17.1 Cr
Minimum Investment
₹273600 (2400 Shares)
Listing Date
14 November 2025
Subscription
1.2x
About the Company
Shining Tools Limited – Company Profile
Incorporated: May 2013
Headquarters: Rajkot, Gujarat, India
Employees (as of June 2025): 26
Accreditation: ISO 9001:2015 Certified for Quality Management Systems
Overview:
Shining Tools Limited is a leading Indian manufacturer and designer of high-performance solid carbide cutting tools. Under the “Tixna” brand, the company provides advanced tooling solutions that meet the diverse needs of industries such as Automotive, Aerospace, Defence, Engineering, Agriculture, Medical, Casting, and Power.
Products:
The company specializes in manufacturing a wide range of precision-engineered solid carbide cutting tools, including:
- End Mills
- Drills
- Reamers
- Thread Mills
Services:
In addition to manufacturing, Shining Tools Limited offers reconditioning services for used tools, significantly enhancing their performance and extending service life. The company also provides customized tool design solutions tailored to specific client requirements.
Commitment to Quality:
With ISO 9001:2015 certification, Shining Tools Limited maintains stringent quality control standards across its production and service processes, ensuring consistency, reliability, and performance in every product delivered.
Vision:
To deliver innovative and sustainable cutting tool solutions that empower industries through precision, performance, and durability.
Promoters
- Mr. Vipulbhai Laljibhai Ghonia
- Mr. Kamalbhai Laljibhai Ghonia
Promoters Holding
Holding Pre Issue
96.18%
Holding Post Issue
70.68%
Objects of the Issue
The Company Shining Tools IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Purchase and installation of plant and machinery for Carbide Precision Tools at the Existing Premises (factory at Survey no. 63/2, Plot No. 2, Rajkot, Gondal Highway, Pipaliya, Gondal, Rajkot-360 311, Gujarat, India to be referred to as the “Existing Premises”)
- Funding of working capital requirements
- General corporate purposes
Address / Contact Info
Shining Tools Ltd.
Survey no. 63/2, Plot No. 2,
Rajkot, Gondal Highway
paliya, ,
Gondal, Gujarat, 360311
Phone: +91 9687693344
Email: cs@tixnatools.com
Website: https://www.tixnatools.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 07 November 2025
IPO Close Date
Tuesday, 11 November 2025
Basis of Allotment
Wednesday, 12 November 2025
Initiation of Refunds
Thursday, 13 November 2025
Credit of Shares to Demat
Thursday, 13 November 2025
Listing Date
Friday, 14 November 2025 — NSE & BSE
Important Dates
Open Date
07 November 2025
Close Date
11 November 2025
Basis Of Allotment
12 November 2025
Listing Date
14 November 2025
Financial Performance (₹ in Crores)
| Particular | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 22.51 | 19.64 | 15.05 | 16.83 |
| Revenue | 5.42 | 14.77 | 10.6 | 10.46 |
| Profit After Tax | 1.47 | 2.93 | 1.58 | -0.08 |
| Net Worth | 9.47 | 8.01 | 3.6 | 2.02 |
| Reserve & Surplus | 5.53 | 4.06 | 1.6 | 0.02 |
| Total Borrowings | 8.87 | 8.18 | 7.54 | 9.45 |
EPS Pre
7.05%
EPS Post
7.78%
P/E Pre
16.18
P/E (Post Issue)
14.66x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon |
|---|---|
| ROE % | 49.59 |
| ROCE % | 29.61 |
| Debt / Equity | 0 |
| RoNW % | 36.6 |
| PbW | 0 |
| Pat Margin % | 27.19 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Non-Institutional | 712600 | 50 | 0 |
| Retail Investors | 712600 | 50 | 0 |
| Total | 1425200 | 100 | 0 |
Subscription Status ( Tue, 11 Nov 25 01:57 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 0 | 0x |
| Non-Institutional | 712600 | 379200 | 0.53x |
| Retail Investors | 712600 | 1332000 | 1.87x |
| Total | 1425200 | 1711200 | 1.2x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 273,600.00 |
| Retail (Max) | 2 | 2,400 | 273,600.00 |
| S-HNI (Min) | 3 | 3,600 | 410,400.00 |
Book Running Lead Managers
- Sobhagya Capital Options Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Shining Tools IPO is a Fixed price IPO worth ₹17.1 crores. The price band is ₹114 to 114 per share. The IPO opens on Fri, Nov 7, 2025 and closes on Tue, Nov 11, 2025. It will be listed on BSE and NSE. Maashitla Securities Private Limited is the registrar.
The Shining Tools IPO opens on Fri, Nov 7, 2025 and closes on Tue, Nov 11, 2025
Shining Tools IPO Price Band is ₹114 to 114.
Shining Tools IPO lot size is 1200, and the minimum amount required for application is ₹273600.
The minimum investment for Shining Tools IPO is approximately ₹273600 based on the upper price band.
To apply for the Shining Tools IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Nov 11, 2025. After submission, funds are blocked until the basis of allotment of Shining Tools IPO is finalised.
Shining Tools IPO issue size is ₹17.1 crores.
Shining Tools IPO allotment date is Sat, Jun 27, 2026.
The registrar for Shining Tools IPO is Maashitla Securities Private Limited. Investors can go to Maashitla Securities Private Limited website for IPO allotment status, refund processing, and other queries related to Shining Tools IPO through their official website or helpline.
The Shining Tools IPO GMP (Grey Market Premium) is ₹3 as of Mon, Nov 10, 2025. Based on the upper price band of ₹114 per share, the estimated Shining Tools IPO listing price is ₹117, indicating a potential listing gain of approximately 31% over the issue price.