Shining Tools IPO
GMP, Subscription, Price, Dates & Financial Details
Shining Tools Limited – Company ProfileIncorporated: May 2013 Headquarters: Rajkot, Gujarat, India Employees (as of June 2025): 26 Accreditation: ISO 9001:2015 Certified for Quality Management SystemsOverview: Shining Tools Limited is a leading Indian manufacturer and designer of high-performance…
Open Date
Fri, 07 Nov 2025
Close Date
Tue, 11 Nov 2025
Issue Price
₹ 114
Lot Size
1200
Issue Size
₹ 17.10 Cr
Minimum Investment
₹ 273,600 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Shining Tools IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹17.10 Crore.
The Shining Tools IPO remained open for subscription from November 07, 2025, to November 11, 2025. The basis of allotment was finalized on November 12, 2025, and the company's shares were listed on BSE SME Platform on November 14, 2025.
The company had fixed the price at ₹114 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹273,600 (based on the upper price band) to apply for one lot.
Maashitla Securities Private Limited served as the registrar to the issue. Sobhagya Capital Options Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Shining Tools Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Shining Tools IPO Timeline (Tentative)
- IPO Open Date
- Fri, 07 Nov 25
- IPO Close Date
- Tue, 11 Nov 25
- Basis of Allotment
- Wed, 12 Nov 25
- Initiation of Refunds
- Thu, 13 Nov 25
- Credit of Shares to Demat
- Thu, 13 Nov 25
- Listing Date
- Fri, 14 Nov 25 — NSE & BSE
Open Date
07 November 2025
Close Date
11 November 2025
Basis Of Allotment
12 November 2025
Listing Date
14 November 2025
IPO Subscription
Check Live Subscription →The Shining Tools IPO has received bids for 17,11,200 shares against 14,25,200 shares offered, resulting in an overall subscription of 1.2x. the NII category is subscribed 0.53x, Retail Investors 1.87x, and QIBs 0x.
QIB
0x
NII
0.53x
RII
1.87x
Total
1.2x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 7,12,600 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 7,12,600 shares (50%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Non-Institutional | 712,600 | 50% |
| Retail Investors | 712,600 | 50% |
| Total | 1,425,200 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Shining Tools Limited KPI Information
| Particular | KPI as of Mon |
|---|---|
| ROE % | 49.59 |
| ROCE % | 29.61 |
| RoNW % | 36.6 |
| Pat Margin % | 27.19 |
Peers Comparison
No Peer Comparision Available
About Shining Tools Limited
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.
Shining Tools IPO Promoters
- Mr. Vipulbhai Laljibhai Ghonia
- Mr. Kamalbhai Laljibhai Ghonia
Promoters Holding
Holding Pre Issue
96.18%
Holding Post Issue
70.68%
Shining Tools IPO Objective
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
Shining Tools Limited Address / Contact Details
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
Shining Tools IPO Lot Size
The Shining Tools IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,73,600 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,73,600.
| 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 |
Issue Reservation
- NII — 50%
- RII — 50%
Book Running Lead Managers
- Sobhagya Capital Options Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Shining Tools IPO?
Shining Tools IPO is a Fixed price IPO with a total issue size of ₹17.1 crore. The Shining Tools IPO price band is ₹114 to 114 per share. The Shining Tools IPO subscription opens on Fri, Nov 7, 2025, and closes on Tue, Nov 11, 2025. The Shining Tools IPO will be listed on the BSE. Maashitla Securities Private Limited is the registrar for the Shining Tools IPO.
When will the Shining Tools IPO open for subscription?
The Shining Tools IPO opens on Fri, Nov 7, 2025 and closes on Tue, Nov 11, 2025
What is Shining Tools IPO Price Band?
Shining Tools IPO Price Band is ₹114 to 114 per share.
What is Shining Tools IPO Lot Size?
Shining Tools IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹273600 based on the upper price band
What is the minimum investment for Shining Tools IPO?
The minimum investment for Shining Tools IPO is ₹273600, based on one lot of 1200 shares at the upper price band of ₹114 per share.
How to apply for Shining Tools IPO?
Investors can apply for the Shining Tools IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Nov 11, 2025. The application amount remains blocked until the Shining Tools IPO allotment is finalized.
What is Shining Tools IPO Issue Size?
Shining Tools IPO issue size is ₹17.1 crores.
What is the Shining Tools IPO Allotment Date?
Shining Tools IPO allotment date is Wed, Nov 12, 2025.
Who is the Shining Tools IPO Registrar?
The registrar for Shining Tools IPO is Maashitla Securities Private Limited. Investors can go to Maashitla Securities Private Limited website to check Shining Tools IPO allotment status, refund processing, and other IPO-related information.
What is the Shining Tools IPO GMP?
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 2.63% over the issue price.
Who is the Shining Tools IPO Lead Manager?
The book-running lead managers (BRLMs) for the Shining Tools IPO are Sobhagya Capital Options Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Shining Tools IPO Red Herring Prospectus (RHP).