Shining Tools IPO Details
| IPO Open Date | November 7, 2025 |
| IPO Close Date | November 11, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹114 Per Share |
| Issue Size | Approx ₹17.10 Crores |
| Fresh Issue | Approx ₹17.10 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Shining Tools IPO Review & Key Points
- Review:
Shining Tools IPO Market Lot
The Shining Tools IPO minimum market lot is 2,400 shares with ₹2,73,600 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,400 | ₹2,73,600 |
| Retail Maximum | 2 | 2,400 | ₹2,73,600 |
| S-HNI Minimum | 3 | 3,600 | ₹4,10,400 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| NII Shares Offered | 7,12,600 Shares | 50% |
| Retail Shares Offered | 7,12,600 Shares | 50% |
Shining Tools IPO Dates
The Shining Tools IPO date is November 7 and the close date is November 11. The Shining Tools IPO allotment will be finalized on November 12 and the IPO listing on November 14.
| IPO Open Date: | November 7, 2025 |
| IPO Close Date: | November 11, 2025 |
| Basis of Allotment: | November 12, 2025 |
| Refunds: | November 13, 2025 |
| Credit to Demat Account: | November 13, 2025 |
| IPO Listing Date: | November 14, 2025 |
| IPO Bidding Cut-off Time: | November 11, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Mr. Vipulbhai Laljibhai Ghonia and Mr. Kamalbhai Laljibhai Ghonia..
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 41,58,400 | 96.18% |
| Promoter Holding Post Issue | 56,58,400 | 70.68% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Purchase and installation of plant and machinery for Carbide Precision Tools at Existing Premises | ₹9.07 |
| Funding of working capital requirements | ₹3.85 |
| General Corporate Purpose | ₹2.48 |
About Shining Tools IPO
Shining Tools Limited, founded in May 2013, is a prominent company involved in the designing and manufacturing of high-performance solid carbide cutting tools serving a wide range of industries in India. The company caters to various industries, including Agriculture, Automobiles, Engineering, Medical, Casting, Defence, Aerospace, and Power. They also offer reconditioning for old and used tools to make them last longer and work better.
The company offers a wide range of high-quality cutting tools, such as end mills, thread mills, and drills, under the “Tixna” brand. These tools are efficiently made to cut different metals, such as solid carbide, cast iron, steel, forgings, and aluminium. Shining Tools Manufacturing is situated in Rajkot, Gujarat, and makes different types of tools in various shapes, sizes, and specifications. Moreover, the company also designs customized tools based on the customer’s requirements.
Shining Tools IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹10.46 | ₹10.56 | ₹0.08 | ₹16.83 |
| 2024 | ₹10.60 | ₹8.49 | ₹1.58 | ₹15.05 |
| 2025 | ₹14.77 | ₹10.69 | ₹2.93 | ₹19.64 |
| July 2025 | ₹5.42 | ₹3.46 | ₹1.47 | ₹22.51 |
Shining Tools IPO Valuation – FY2025
Check Shining Tools IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 49.59% |
| ROCE: | 29.61% |
| EBITDA Margin: | 42.28% |
| PAT Margin: | 19.89% |
| Debt to equity ratio: | 0.92 |
| Earning Per Share (EPS): | ₹7.17 (Basic) |
| Price/Earning P/E Ratio: | 15.90 |
| Return on Net Worth (RoNW): | 36.60% |
| Net Asset Value (NAV): | ₹19.60 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Birla Precisions Technologies Limited | 0.82 | 56.37 | -% | 24.08 | 209.51 Cr. |
IPO Lead Managers aka Merchant Bankers
- Sobhagya Capital Options Pvt. Ltd.
Company Address
Shining Tools Ltd.
Survey no. 63/2, Plot No. 2,
Rajkot, Gondal Highway
paliya, ,
Gondal, Gujarat, 360311
Phone: +91 9687693344
Email: [email protected]
Website: https://www.tixnatools.com/
IPO Registrar
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
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Note: The Shining Tools IPO price band and date are officially announced. The (Shining Tools IPO grey market premium) will be added to the IPO GMP page as it will start).
