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 opens for subscription on Nov 7, 2025 and closes on Nov 11, 2025. The allotment for the Shining Tools IPO is expected to be finalized on Nov 12, 2025. Shining Tools IPO will list on BSE SME with a tentative listing date fixed as Nov 14, 2025.
Shining Tools IPO price is ₹114.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,73,600.00 (2,400 shares) (based on upper price). The minimum lot size investment for 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.
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| IPO Date | November 7, 2025 to November 11, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Final | ₹114 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,00,000 shares (aggregating up to ₹17.10 Cr) |
| Reserved for Market Maker | 75,600 shares Aftertrade Broking Pvt.Ltd. (aggregating up to ₹0.8618 Cr) |
| Net Offered to Public | 14,24,400 shares (aggregating up to ₹16.24 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 |
Shining Tools IPO offers total 15,00,000 shares. Out of which 7,12,200 (47.48%) allocated to NII 7,12,200 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 75,600 (5.04%) |
| NII (HNI) Shares Offered | 7,12,200 (47.48%) |
| Retail Shares Offered | 7,12,200 (47.48%) |
| Total Shares Offered | 15,00,000 (100.00%) |
Shining Tools IPO opens on November 7, 2025, and closes on November 11, 2025.
| IPO Open Date | Fri, Nov 7, 2025 |
| IPO Close Date | Tue, Nov 11, 2025 |
| Tentative Allotment | Wed, Nov 12, 2025 |
| Initiation of Refunds | Thu, Nov 13, 2025 |
| Credit of Shares to Demat | Thu, Nov 13, 2025 |
| Tentative Listing Date | Fri, Nov 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Nov 11, 2025 |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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 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 | ||||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 49.59% |
| ROCE | 29.61% |
| RoNW | 36.60% |
| PAT Margin | 27.19% |
| EBITDA Margin | 46.86% |
| Price to Book Value | 5.82 |
| Market Capitalization | 64.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.05 | 7.78 |
| P/E (x) | 16.18 | 14.66 |
The Company Shining 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 | 3.85 |
| 3 | General corporate purposes | 2.48 |
[Dilip Davda] STL is engaged in the manufacturing of high-performance solid carbide cutting tools for various industries. It marked growth in its top and bottom lines for the reported periods. Boosted profits from FY24 onwards raise eyebrows and concern over its sustainability going forward. Based on its recent financial data, the issue appears aggressively priced. Tiny paid-up equity capital post IPO, indicates longer gestation for migration. There is no harm in skipping this pricey and dicey bet. Read detail review...
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/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: shining.ipo@accuratesecurities.com
Website: https://maashitla.com/allotment-status/public-issues
Shining Tools IPO is a SME IPO of 15,00,000 equity shares of the face value of ₹10 aggregating up to ₹17.10 Crores. The issue is priced at ₹114 per share. The minimum order quantity is 1200.
The IPO opens on November 7, 2025, and closes on November 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 November 7, 2025 and closes on November 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 Thursday, November 13, 2025. 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 Friday, November 14, 2025.
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