Fixed Price IPO | ₹17 Cr | Listed at BSE SME | Fri, Nov 7, 2025 - Tue, Nov 11, 2025
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 bidding started from Nov 7, 2025 and ended on Nov 11, 2025. The allotment for Shining Tools IPO was finalized on Nov 12, 2025. The shares got listed on BSE SME on Nov 14, 2025.
Shining Tools IPO price is ₹114 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 (2,400 shares) (based on upper price). The minimum lot size for investment in 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..
Refer to Shining Tools IPO DRHP for detailed Information.
IPO Open
Fri, Nov 7, 2025
IPO Close
Tue, Nov 11, 2025
Issue Price
₹114 per share
Market Cap (Pre-IPO)
₹64.51 Cr
| IPO Date | 7 to 11 Nov, 2025 |
| Listed on | Fri, Nov 14, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹114 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 15,00,000 shares (agg. up to ₹17 Cr) |
| Reserved for Market Maker | 75,600 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹0.8618 Cr) |
| Fresh Issue (Ex Market Maker) | 14,24,400 shares (agg. up to ₹16 Cr) |
| Net Offered to Public | 14,24,400 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 41,58,400 shares |
| Share Holding Post Issue | 56,58,400 shares |
| BSE Script Code | 544607 |
| ISIN | INE0D8001018 |
Shining Tools IPO comprises a total issue size of 15,00,000 shares. The net offer to the public is 14,24,400 shares, after excluding 75,600 shares allotted on a firm basis. Of the Net offer 7,12,200 (50.00%) allocated to NII 7,12,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,12,200 | 50.00% | 47.48% |
| Retail Shares Offered | 7,12,200 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 75,600 | 5.04% | |
| Total Shares Offered | 15,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,73,600 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,73,600 |
| HNI (Min) | 3 | 3,600 | ₹4,10,400 |
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 June 2025, the company has 26 employees on its payroll.
Competitive Strength
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.
| Period Ended | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 22.51 | 19.64 | 15.05 | 16.83 |
| Total Income | 5.42 | 14.77 | 10.60 | 10.46 |
| Profit After Tax | 1.47 | 2.93 | 1.58 | -0.08 |
| EBITDA | 2.53 | 6.23 | 4.15 | 1.89 |
| NET Worth | 9.47 | 8.01 | 3.60 | 2.02 |
| Reserves and Surplus | 5.53 | 4.06 | 1.60 | 0.02 |
| Total Borrowing | 8.87 | 8.18 | 7.54 | 9.45 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase and installation of plant and machinery for Carbide Precision Tools at Existing Premises | 9.07 |
| 2 | Funding of working capital requirements | 3.85 |
| 3 | General corporate purposes | 2.48 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 49.59% |
| ROCE | 29.61% |
| RoNW | 36.60% |
| PAT Margin | 27.19% |
| EBITDA Margin | 46.86% |
| Price to Book Value | 5.82 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.05 | 7.78 |
| P/E (x) | 16.18 | 14.66 |
| Promoter Holding | 96.18% | 70.68% |
| Market Cap | ₹64.51 Cr. |
The Shining Tools IPO is subscribed 1.15 times on November 11, 2025 5:04:33 PM (Day 3). The public issue subscribed 1.87 times in the individual investors category, [.] times in the QIB category, and 0.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.43 | 7,12,600 | 3,03,600 | 0 |
| Individual Investor | 1.87 | 7,12,600 | 13,32,000 | 0 |
| Total | 1.15 | 14,25,200 | 16,35,600 | 621 |
Total Application : 621
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars, (including any underwriting commission, brokerage and selling commission) | 1.47 |
| 2 | Legal and secretarial advice | 0.04 |
| 3 | Statutory, exchange and other intermediaries' fees/cost | 0.10 |
| 4 | Printing & Stationery, Distribution, Postage, etc | 0.04 |
| 5 | Brokerage and selling commission fee for SCSBs, Sponsor Banks and Bankers to the Offer. Brokerage and selling commission and Registered Brokers, RTAs and CDPs | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹114.00 |
| Open | ₹104.00 |
| Low | ₹98.80 |
| High | ₹104.00 |
| Last Trade | ₹98.80 |
Lead Manager Reports
Shining Tools IPO is a SME IPO of 15,00,000 equity shares of the face value of ₹10 aggregating up to ₹17 Crores. The issue is priced at ₹114 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Nov 7, 2025, and closes on Tue, Nov 11, 2025.
Maashitla Securities 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 opens on Fri, Nov 7, 2025 and closes on Tue, Nov 11, 2025.
Shining Tools IPO lot size is 1200, and the minimum amount required for application is ₹2,73,600, with 2 lots being the minimum application size.
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 Wednesday, November 12, 2025, and the allotted shares will be credited to your demat account by Thu, Nov 13, 2025. Check the Shining Tools IPO allotment status.
The Shining Tools IPO listing date is on Fri, Nov 14, 2025.
