Shining Tools is engaged in the design and manufacturing of high-performance solid carbide cutting tools for diverse industrial applications in India. It also offers reconditioning services to enhance tool life and maintain performance efficiency. The product portfolio includes end mills, thread mills, drills, reamers, and other precision cutting tools engineered for advanced CNC machinery such as Horizontal Machining Centers, Vertical Machining Centers, and turn-mill centers. These tools operate at high speeds and feed rates, supporting efficient machining across various metals, including solid carbide, cast iron, forged components, steel, and aluminium, serving a wide range of commercial metal-cutting industries.
Price Band₹114 |
Dates07 Nov - 11 Nov |
GMP₹3 (2.63%) |
Subscriptions- |
Issue Size₹17.10 Crs |
Shining Tools IPO Objects
- Purchase and installation of plant and machinery at the Company's existing Rajkot facility (Gujarat).
- Funding of working capital requirements
- General corporate purposes
Shining Tools IPO Details
Price Band₹114 |
Listing AtBSE SME |
IPO Issue TypeFixed Price |
Fresh Issue₹17.10 Cr (0.15 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹17.10 Cr (0.15 Cr Shares) |
Face Value₹10 per equity share |
Shining Tools IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
2,400
2,73,600
Maximum
2
2,400
2,73,600
|
|||
| Others |
Minimum
3
3,600
4,10,400
|
|||
Shining Tools IPO GMP
The estimated Grey Market Premium of Shining Tools IPO is ₹3 per share (2.63%)
Category Allocation
| Particulars | Allocation |
|---|---|
| Individual | 50% of Net offer |
| Others | 50% of Net offer |
| Market Maker | 75600 EQ Shares |
Shining Tools IPO Financials
| Particulars | Jul-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue from Operations | 5.40 | 14.73 | 10.53 | 10.32 |
| Profit after Tax | 1.47 | 2.93 | 1.58 | -0.08 |
| Net Worth | 9.47 | 8.01 | 3.60 | 2.02 |
| Total Borrowing | 8.87 | 8.18 | 7.54 | 9.45 |
| Total Assets | 22.51 | 19.64 | 15.04 | 16.83 |
| NAV per share (in ₹) | 22.78 | 19.60 | 8.99 | 5.05 |
| EPS - Basic (in ₹) | 10.58 | 7.17 | 3.94 | -0.20 |
The financial information presented is on a consolidated basis
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 42.28% |
| PAT | 19.89% |
| ROE | 49.59% |
| ROCE | 29.61% |
| PE Ratio | 15.90 |
| PB Ratio | 5.82 |
| Mkt Cap (in Crs.) | 64.51 |
- All Ratios are based on Mar 2024-25
- PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Shining Tools IPO Peer Comparision
| Particulars | Shining Tools | Birla Precision |
|---|---|---|
| Revenue from Ops (in Crs.) | 14.73 | 207.18 |
| PAT (In Crs.) | 2.93 | 5.43 |
| EPS - Basic | 7.17 | 0.82 |
| NAV per share | 19.25 | 24.08 |
| EBITDA | 42.28% | 10.15% |
| PAT Margin | 19.89% | 2.62% |
| Price to earning (PE) | 15.90 | 56.37 |
- All the information pertains to FY 2024-25
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 06, 2025 for Peers
Shining Tools IPO Peer Comparision
| Particulars | Shining Tools |
|---|---|
| Revenue from Ops (in Crs.) | 14.73 |
| PAT (In Crs.) | 2.93 |
| EPS - Basic | 7.17 |
| NAV per share | 19.25 |
| EBITDA | 42.28% |
| PAT Margin | 19.89% |
| Price to earning (PE) | 15.90 |
| Birla Precision |
|---|
| 207.18 |
| 5.43 |
| 0.82 |
| 24.08 |
| 10.15% |
| 2.62% |
| 56.37 |
- All the information pertains to FY 2024-25
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 06, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Vipulbhai Ghonia | 16.01% |
| Kamalbhai Ghonia | 16.02% |
| Kiranben Ghonia | 16.03% |
| Pritiben Ghonia | 25.51% |
| Jayaben Ghonia | 22.58% |
| Others | 0.02% |
| Total | 96.17% |
Management Details
| Name | Designation |
|---|---|
| Vipulbhai Ghonia | MD |
| Abhishek Arvindbhai | CFO |
Company Details
Name: Shining Tools Limited
Address: Survey no. 63/2, Plot No. 2, Rajkot, Gondal Highway, Pipaliya, Gondal, Rajkot-360 311, Gujarat, India.
Number: +91 9687693344
Email: cs@tixnatools.com
Website: https://www.tixnatools.com/
Book Running Lead Managers (BRLMs)
Sobhagya Capital
Visit WebsiteRTAs
Maashitla Securities
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Shining Tools IPO is a SME IPO having an issue size of Rs. ₹17.10 Crs. Shining Tools IPO is priced at ₹114 - ₹114 per share. The issue opens on 07 Nov 25 and closes on 11 Nov 25.
Shining Tools IPO opens on 07 Nov 25 and closes on 11 Nov 25.
The estimated Grey Market Premium of Shining Tools IPO is ₹3 per share (2.63%).
The minimum lot size of Shining Tools IPO is 1200 shares & the minimum application amount is Rs. 136800.
The allotment date of Shining Tools IPO is 12 Nov 25.
The listing date of Shining Tools IPO is 14 Nov 25.
Shining Tools IPO is subscribed -.
Shining Tools IPO is priced at ₹114 - ₹114 per share.
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