Shining Tools IPO was subscribed 1.15 times on the last day, a retail quota was subscribed over 1.87 times, and NII subscribed over 0.43 times, respectively.
Details About Shining Tools IPO
Shining Tools IPO received approval from SEBI for an IPO worth ₹17.10 crores. Wherein a fresh issue would be totally ₹17.10 crores.
Further, Shining Tools IPO had a set price band of ₹114 Per Share.
Shining Tools IPO consists of 2,400 shares in 2 lot sizes for retail minimum and maximum categories as well. While 3,600 shares were in 3 lot sizes for the S-HNI category.
To invest in the Shining Tools IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹2,73,600.
- SHNI (S-HNI): Minimum investment of ₹4,10,400.
Shining Tools IPO Subscription Duration
Shining Tools IPO opened on November 7, 2025, and closed on November 11, 2025. The Shining Tools IPO allotment date was scheduled on November 12, 2025. The Shining Tools IPO listing date is on November 14, 2025.
Shining Tools IPO funds deployment
- The proceeds raised from the fresh issue will be used towards the Purchase and installation of plant and machinery for Carbide Precision Tools at the Existing Premises.
- A portion of revenue will be used towards the working Capital requirements.
- Lastly, the remaining funds will be used for the company’s General Corporate Purpose.
About Shining Tools IPO Company
Incorporated in May 2013, Shining Tools Limited is one of the leading companies engaged in the designing and manufacturing of high-performance solid carbide cutting tools for a wide range of industries in India. 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.
The company caters to various industries, including Agriculture, Automobiles, Engineering, Medical, Casting, Defence, Aerospace, and Power. Moreover, the company also designs customized tools based on the customer’s requirements. Shining Tools Manufacturing is situated in Rajkot, Gujarat, and makes different types of tools in various shapes, sizes, and specifications.
Financial Report of the Shining Tools IPO Company
The company earned ₹49.66 crores in revenue in 2025, up from ₹39.08 crores in 2024. Its profit also increased to ₹4.14 crores in 2025, compared to ₹3.33 crores in 2024.
