Comparison between FFS Defence Engineering IPO and Shining Tools IPO.
FFS Defence Engineering IPO is a SME Fixed Price IPO proposed to list at BSE SME while Shining Tools IPO is a SME Fixed Price proposed to list at BSE SME.
| FFS Defence Engineering IPO | Shining Tools IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Inventure Merchant Banker Services Pvt.Ltd. | Sobhagya Capital Options Pvt.Ltd. |
| Registrar | MUFG Intime India 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 FFS Defence Engineering IPO is up to ₹28.60 Cr whereas the issue size of the Shining Tools IPO is up to ₹16.24 Cr. The final issue price of FFS Defence Engineering IPO is ₹80.00 per share and of Shining Tools IPO is ₹114.00 per share.
| FFS Defence Engineering IPO | Shining Tools IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹80.00 per share | ₹114.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 35,74,400 shares | 14,24,400 shares |
| Fresh Issue Size (Amount) | up to ₹28.60 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 | 35,74,400 shares | 14,24,400 shares |
| Issue Size Total (Amount) | up to ₹28.60 Cr | up to ₹16.24 Cr |
FFS Defence Engineering IPO opens on , while Shining Tools IPO opens on Nov 07, 2025. The closing date of FFS Defence Engineering IPO and Shining Tools IPO is , and Nov 11, 2025, respectively.
| FFS Defence Engineering 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 |
FFS Defence Engineering IPO P/E ratio is , as compared to Shining Tools IPO P/E ratio of 16.18.
| FFS Defence Engineering IPO | Shining Tools IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| 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) | 30 | 96.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 22.1 | 70.68 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹64.51 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 10.63% | 49.59% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 7.27% | 29.61% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 10.63% | 36.60% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the FFS Defence Engineering IPO Retail Individual Investors (RII) are offered while in Shining Tools IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in FFS Defence Engineering IPO and 0 shares in Shining Tools IPO.
| FFS Defence Engineering IPO | Shining Tools IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 1,79,200 shares | 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 |
FFS Defence Engineering IPO subscribed in total, whereas Shining Tools IPO subscribed 1.15x.
| FFS Defence Engineering 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 |
