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Shining Tools Ltd. IPO is a Fixed Price Issue consisting solely of fresh issue of upto 0.15 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Sobhagya Capital Options Pvt.Ltd. is the book running lead manager and Accurate Securities & Registry Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Shining Tools IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Lot Size | |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,00,000 shares (aggregating up to ₹[.] Cr) |
| 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 |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| NII Shares Offered | 50% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Jan 31, 2025 |
| Offer document withdrawn | Fri, Mar 21, 2025 |
| Filed with SEBI/Exchange | Thu, Jun 26, 2025 |
| SEBI/Exchange approval received | Thu, Aug 7, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in May 2013, Shining Tools Limited designs and manufactures high-performance solid carbide cutting tools for various industries in India.
The company offers reconditioning services for used tools, enhancing usability and performance.
The company designs and manufactures high-performance solid carbide cutting tools, such as end mills, drills, reamers, and thread mills under the "Tixna" brand.
They create customized tools and offer re-conditioning services for automotive, engineering, aerospace, and defense industries.
The company manufactures high-performance cutting tools, including end mills, thread mills, drills, and reamers, providing innovative solutions. These tools are used in commercial metal cutting across various industries.
The company is ISO 9001:2015 accredited in Quality Management for solid carbide cutting tools.
The company serves various industries, including Agriculture, Automobiles, Engineering, Medical, Casting, Defence, Aerospace, and Power.
The company's manufacturing unit is situated in Rajkot, Gujarat.
As of February 2025, the company has 30 employees on its payroll.
Competitive Strength
| Period Ended | 28 Feb 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 20.66 | 15.05 | 16.83 | 18.18 |
| Total Income | 12.48 | 10.60 | 10.46 | 10.10 |
| Profit After Tax | 2.70 | 1.58 | -0.08 | -0.20 |
| EBITDA | 5.82 | 4.15 | 1.89 | 1.85 |
| Net Worth | 7.87 | 3.60 | 2.02 | 2.10 |
| Reserves and Surplus | 3.83 | 1.60 | 0.02 | 0.10 |
| Total Borrowing | 8.81 | 7.54 | 9.45 | 10.47 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 56.08% |
| ROCE | 26.64% |
| Debt/Equity | 2.10 |
| RoNW | 43.80% |
| PAT Margin | 14.96% |
| EBITDA Margin | 39.40% |
The Company Tixna Tools IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Purchase and installation of plant and machinery for Carbide Precision Tools at Existing Premises | 9.07 |
| 2 | Funding of working capital requirements | 5.42 |
| 3 | General corporate purposes |
Shining Tools Ltd.
Survey no. 63/2, Plot No. 2,
Rajkot, Gondal Highway
paliya, ,
Gondal, Gujarat, 360311
Phone: +91 9687693344
Email: cs@tixnatools.com
Website: https://www.tixnatools.com/
Accurate Securities & Registry Pvt.Ltd.
Phone: +91-79-48000319
Email: shining.ipo@accuratesecurities.com
Website: https://www.accuratesecurities.com/ipo-details.php
Shining Tools IPO is a SME IPO of 15,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Shining Tools IPO open and close dates are not available as of now.
Accurate Securities & Registry Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shining Tools IPO using UPI as a payment gateway. Zerodha customers can apply in Shining Tools IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shining Tools IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shining Tools IPO dates are not announced. Please check back again after some time.
Shining Tools IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Shining Tools IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shining Tools IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shining Tools IPO allotment status.
The Shining Tools IPO listing date is not yet announced. The tentative date of Shining Tools IPO listing is [.].
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