Shining Tools Limited
Fixed Price IPO · BSE
- Price band
- ₹114 - ₹114
- Lot size
- 1,200 shares
- Issue amount
- ₹17.1 cr
- Total subscription
- 1.2×
- Opens
- 7 Nov 2025
- Closes
- 11 Nov 2025
- Allotment
- 12 Nov 2025
- Listing
- 14 Nov 2025
Offer at a glance
Issue overview
- Issue size
- 15,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,36,800
- Fresh issue
- ₹17.1 cr
- Offer for sale
- ₹0 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,36,800
- Issue type
- Fixed Price IPO
- Shares before issue
- 41,58,400
- Shares after issue
- 56,58,400
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,73,600 |
| HNI | 3 | 3,600 | ₹4,10,400 |
Share reservation
Subscription & GMP
Subscription by category
Reported 11 Nov 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| NIB | 0 | 56 |
| RETAIL | 297 | 2 |
| HNIs (2-10L) | 198 | 26 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 8.12 | 15.18 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jul-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 10.59 | 7.17 | 3.94 | -0.2 |
| ROE | 49.15 | 49.59 | 56.08 | -3.85 |
| ROCE | 35.7 | 29.61 | 26.64 | 8.32 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Shining Tools Limited | 15.9 | NA | 10.00 | 19.25 | NA | 7.17 |
| Birla Precisions Technologies Limited | 56.37 | 46.22 | 2.00 | 24.08 | NA | 0.82 |
Company information
Company profile
Shining Tools Limited, established in May 2013, is a Rajkot-based manufacturer of high-performance solid carbide cutting tools under the brand “Tixna”, offering a wide range of products like end mills, drills, reamers, and thread mills for industries such as automotive, engineering, aerospace, defense, agriculture, medical, casting, and power. Along with manufacturing, the company also provides reconditioning services to enhance tool life and offer cost-effective solutions to clients. With an ISO 9001:2015 certified quality management system and a modern manufacturing facility in Gujarat, Shining Tools supports both domestic and international markets with precision, durability, and innovative tooling solutions.
Strengths
- Customized Solutions: Designs tailor-made cutting tools for industry-specific needs.
- Wide Product Range: Offers diverse cutting tools and accessories for multiple applications.
- Experienced Team: Promoters bring 20+ years of technical and manufacturing expertise.
Risk factors
- Single Location Dependence: The entire manufacturing is based in one facility at Rajkot, Gujarat — any disruption here can severely affect operations and revenue.
- Business Continuity Risk: Production shutdowns or breakdowns at this single unit could directly impact profitability.
- Regional Concentration: A major share of sales comes from the western region, mainly Gujarat, exposing the company to regional market risks.
Promoters
Mr. Vipulbhai Laljibhai Ghonia
Mr. Kamalbhai Laljibhai Ghonia
Registrar & documents
Lead manager
Sobhagya Capital Options Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Survey no. 63/2, Plot No. 2, Rajkot, Gondal Highway paliya, , Gondal, Gujarat, 360311
+91 9687693344
[email protected]Company website ↗Understanding SHTL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.