The Shining Tools IPO minimum market lot is 2,400 shares with ₹2,73,600 application amount. The Shining Tools IPO is a SME IPO, and it is to be listed on BSE SME.
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.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Shining Tools IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| NII | 0.35 | 0.31 | 0.43 |
| RII | 0.63 | 1.22 | 1.87 |
| Total | 0.49 | 0.76 | 1.15 |
Shining Tools IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Shining Tools IPO Review
- May Apply for long term
Shining Tools IPO Form
How to apply for the Shining Tools IPO? You can apply for Shining Tools IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Shining Tools IPO in the Invest section. The other option is you can apply for Shining Tools IPO via IPO forms downloaded online. Check out the shining-tools forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
