Shining Tools IPO

Incorporated in May 2013, Shining Tools Limited designs and manufactures high-performance solid carbide cutting tools under its Tixna brand. The company produces end mills, drills, reamers, and thread mills used across industries such as automotive, aerospace, defence, and engineering. It also offers reconditioning services to enhance tool performance. With ISO 9001:2015 certification, Shining Tools ensures quality excellence. Operating from its advanced facility in Rajkot, Gujarat, the company provides customised tooling solutions, catering to agriculture, power, medical, and industrial sectors with a focus on precision, innovation, and reliability.

Shining Tools Limited IPO Overview

Shining Tools Limited IPO is a fixed price issue amounting to ₹17.10 crore, comprising a fresh issue of 15 lakh shares. The IPO will open for subscription on 7 November 2025 and close on 11 November 2025, with allotment expected to be finalised on 12 November 2025. The company’s shares are proposed to list on the BSE SME platform on 14 November 2025. The issue price is fixed at ₹114 per share, with a lot size of 1,200 shares. Retail investors can apply for a minimum of 2,400 shares, requiring an investment of ₹2,73,600, while HNI investors must apply for at least 3,600 shares, amounting to ₹4,10,400. The IPO is managed by Sobhagya Capital Options Pvt. Ltd. as the lead manager, Maashitla Securities Pvt. Ltd. as the registrar, and Aftertrade Broking Pvt. Ltd. acts as the market maker.

Shining Tools Limited IPO Details

Particulars	Details
IPO Date	7 November 2025 to 11 November 2025
Listing Date	14 November 2025
Face Value	₹10 per share
Issue Price	₹114 per share
Lot Size	1,200 Shares
Total Issue Size	15,00,000 shares (aggregating up to ₹17.10 Cr)
Fresh Issue	15,00,000 shares (aggregating up to ₹17.10 Cr)
Offer for Sale	NA
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
Market Maker Portion	75,600 shares

Shining Tools Limited IPO Reservation

Investor Category	Shares Offered
Market Maker	75,600 (5.04%)
NII (HNI)	7,12,200 (47.48%)
Retail	7,12,200 (47.48%)
Total	15,00,000 (100%)

Shining Tools Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	2,400	₹2,73,600
Retail (Max)	2	2,400	₹2,73,600
HNI (Min)	3	3,600	₹4,10,400

Shining Tools Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	96.18%
Post-Issue	70.68%

Shining Tools Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹7.17
Price/Earnings (P/E) Ratio	15.90x
Return on Net Worth (RoNW)	36.60%
Net Asset Value (NAV)	₹19.25
Return on Equity (ROE)	49.59%
Return on Capital Employed (ROCE)	29.61%
EBITDA Margin	46.86%
PAT Margin	27.19%
Debt to Equity Ratio	1.10

Objectives of the Proceeds

• Purchase and installation of plant and machinery – ₹9.07 crore

• Funding of working capital requirements – ₹3.85 crore

• General corporate purposes – ₹2.48 crore

Key Financials (in ₹ crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	196.44	15.05	16.83
Revenue	147.69	10.60	10.46
Profit After Tax	29.30	1.58	-0.08
Reserves and Surplus	3.83	1.60	0.02
Total Borrowings	81.83	7.54	9.45