Comparison between Ecofuel Systems India IPO and Shining Tools IPO.
Ecofuel Systems India IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shining Tools IPO is a SME Fixed Price proposed to list at BSE SME.
| Ecofuel Systems India IPO | Shining Tools IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Arihant Capital Markets Ltd. | Sobhagya Capital Options Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Aftertrade Broking Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Ecofuel Systems India IPO is up to ₹0.00 Cr whereas the issue size of the Shining Tools IPO is up to ₹16.24 Cr. The final issue price of Ecofuel Systems India IPO is and of Shining Tools IPO is ₹114.00 per share.
| Ecofuel Systems India IPO | Shining Tools IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹114.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | |
| Fresh Issue Size | 60,03,200 shares | 14,24,400 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹16.24 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 60,03,200 shares | 14,24,400 shares |
| Issue Size Total (Amount) | up to ₹0.00 Cr | up to ₹16.24 Cr |
Ecofuel Systems India IPO opens on , while Shining Tools IPO opens on Nov 07, 2025. The closing date of Ecofuel Systems India IPO and Shining Tools IPO is , and Nov 11, 2025, respectively.
| Ecofuel Systems India IPO | Shining Tools IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Nov 07, 2025 | |
| Issue Close | Nov 11, 2025 | |
| Basis Of Allotment (Tentative) | Nov 12, 2025 | |
| Initiation of Refunds (Tentative) | Nov 13, 2025 | |
| Credit of Share (Tentative) | Nov 13, 2025 | |
| Listing date (Tentative) | Nov 14, 2025 | |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Ecofuel Systems India IPO P/E ratio is , as compared to Shining Tools IPO P/E ratio of 16.18.
| Ecofuel Systems India IPO | Shining Tools IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)Shining Tools Ltd.'s revenue increased by 39% and profit after tax (PAT) rose by 86% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 98.69 | 96.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.68 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹64.51 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 13.76% | 49.59% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 15.03% | 29.61% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.05 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 12.87% | 36.60% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Ecofuel Systems India IPO Retail Individual Investors (RII) are offered while in Shining Tools IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in Ecofuel Systems India IPO and 0 shares in Shining Tools IPO.
| Ecofuel Systems India IPO | Shining Tools IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 75,600 shares | |
| QIB | 0 shares | |
| NII | 7,12,200 shares | |
| RII | 7,12,200 shares | |
| Employee | 0 shares | |
| Others | ||
| Total | 14,24,400 shares |
Ecofuel Systems India IPO subscribed in total, whereas Shining Tools IPO subscribed 1.15x.
| Ecofuel Systems India IPO | Shining Tools IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 0.43x | |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 1.87x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.15x |
