Shining Tools IPO Opens Today: ₹17 Cr Fixed-Price Issue at ₹114; Listing on Nov 14

Rajkot, November 7, 2025: Shining Tools Ltd, a Rajkot-based manufacturer of high-performance cutting tools, has launched its SME IPO today. The fixed-price issue of ₹17.10 crore is priced at ₹114 per share, with a lot size of 1,200 shares, and will remain open for subscription until November 11, 2025. The company plans to list its shares on the BSE SME on November 14, 2025.

Founded in 2013, Shining Tools operates from a fully integrated ISO 9001:2015 certified facility in Rajkot, Gujarat. The company designs and produces precision solid carbide cutting tools including end mills, drills, reamers, and thread mills catering to both standard and customised requirements across sectors such as automotive, engineering, aerospace, and energy.

Shining Tools IPO Details At A Glance

Shining Tools IPO is a fixed price issue of ₹17.10 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹17.10 crore. Shining Tools IPO opens for subscription on November 7, 2025, and closes on November 11, 2025. The allotment for the Shining Tools IPO is expected to be finalized on November 12, 2025. Shining Tools IPO will list on BSE SME with a tentative listing date fixed as November 14, 2025.

Shining Tools IPO price is ₹114.00 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,73,600.00 (2,400 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹4,10,400. Sobhagya Capital Options Pvt.Ltd is the book running lead manager, and Maashitla Securities Pvt.Ltd is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd..

Shining Tools IPO Financial Performance Overview

Shining Tools has reported an impressive growth over the years. The company has maintained its momentum after gaining profits in FY24. The company has achieved a net profit of ₹2.7 crore in FY25. The EBITDA and PAT margins have also improved significantly. This showcases a strong operational and financial stability.

Shining Tools IPO Objectives

The IPO proceeds of ₹17.10 cr will be used to enhance growth and expansion. The company will purchase a CNC machine worth ₹906.53 lakhs, and an amount of ₹542.47 lakhs will be used to maintain working capital. This purchase will enhance production capacity from 1,00,000 to 1,25,000 tools annually.

Shining Tools IPO Key Strengths

The company is an established player in quality tooling manufacturing with over a decade of experience. The company has a custom heavy revenue mix of 69% in FY25, which shows a strong client engagement. The company is ISO certified with a high-end German inspection system and an in-house EPR system named NativeBit. It ensures efficient workflow and cost control. The company has had a strong turnaround in generating profits since FY24.

Shining Tools IPO Key Risks

The company depends on high working capital, especially on the procurement of raw materials. Its top 5 customers contribute a significant share of revenue, and bind the customer base. The company faces a penalty of ₹30 lakh for violating Section 185, which is affecting its market presence.

Outlook

The IPO is a fresh issue, and there is no Offer for Sale, which will dilute promoter holding from 96.18 per cent pre-issue to 70.68 per cent post-issue. Retail investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations