Shining Tools IPO Details
The key details of Shining Tools’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹17.10 Cr |
| Price Range | ₹114 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2,400 |
| Investment (cut-off price) | ₹2,73,600 |
| Pre IPO Promotor Holding | 96.18% |
| Post IPO Promotor Holding | 70.68% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Shining Tools IPO Timelines
The IPO process for Shining Tools includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
07/11/2025
Start Date11/11/2025
End Date13/11/2025
Refund Initiation13/11/2025
Credit of Shares to Demat Ac14/11/2025
Listing DateShining Tools IPO Lot Size
The Shining Tools IPO has a fixed lot size of 1,200 shares, at a fixed price band of ₹114 per share. For retail investors, the minimum and maximum application is 2,400 shares (2 lots) amounting to ₹2,73,600. For HNI investors, the minimum application is 3,600 shares (3 lots) worth ₹4,10,400.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2400 | ₹2,73,600 |
| Retail Maximum | 2 | 2400 | ₹2,73,600 |
| HNI Minimum | 3 | 3600 | ₹4,10,400 |
Shining Tools IPO Subscription Status
The subscription status for Shining Tools IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 0.43x | 1.87x | -- | 1.15x |
IPO Performance on Listing Day
On the listing day (November 14, 2025), Shining Tools made a weak debut on the stock exchange. The stock opened at ₹104, representing a discount of 8.8% to its issue price of ₹114. The tools manufacturing company faced continuous selling pressure throughout the trading session, with the opening price marking the day’s high. The stock declined further to ₹98.80, which became both the day’s low and closing price. The shares concluded their maiden trading day at ₹98.80, registering a decline of 13.3% from the issue price, indicating negative investor sentiment toward the hand tools and cutting tools sector and concerns about the company’s competitive positioning in the industrial tools market.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹104.00 | ₹98.80 | ₹104.00 | ₹98.80 |
Shining Tools IPO Company Financials
Shining Tools reports robust performance in FY2025 with Total Income of ₹14.77 crores, managing expenses at ₹10.69 crores, and achieving a strong PAT (Profit After Tax) of ₹2.93 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹10.46 | ₹10.56 | -₹0.08 |
| FY 2024 | ₹10.60 | ₹8.49 | ₹1.58 |
| FY 2025 | ₹14.77 | ₹10.69 | ₹2.93 |
| FY 2026 (4 M) | ₹5.42 | ₹3.46 | ₹1.47 |
About Company
Incorporated in May 2013, Shining Tools Limited is an ISO 9001:2015 certified manufacturer of high-performance solid carbide cutting tools based in Rajkot, Gujarat. Operating under the brand name “Tixna,” the company designs and produces precision tools such as end mills, drills, reamers, and thread mills, catering to diverse industrial needs. Alongside tool manufacturing, it provides customized solutions and reconditioning services that enhance the performance and lifespan of used tools.
Shining Tools Limited serves a wide range of sectors, including automotive, engineering, aerospace, defense, agriculture, medical, casting, and power industries. With a focus on innovation and quality, the company delivers reliable metal-cutting solutions for commercial and industrial applications across India. As of June 2025, the company employs 26 people, contributing to its growing presence in the precision tooling industry.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2013 | Engineering | Vipulbhai Ghonia |
Know Before Investing
Shining Tools IPO Strengths
- Shining Tools designs and manufactures high-performance solid carbide cutting tools for various industries, including automobiles, engineering, aerospace, and power.
- The ability to design and produce bespoke tools as per client specifications adds significant value, boosting customer loyalty.
- The “Tixna” brand enjoys a good reputation in the precision tool segment, supporting repeat orders and market presence.
- Robust quality controls and long-standing client and vendor relationships drive business consistency.
- The company’s revenue grew from ₹10.60 crore in FY24 to ₹14.77 crore in FY25, with PAT almost doubling to ₹2.93 crore, reflecting strong business momentum.
Shining Tools IPO Risks
- Precision tool manufacturing faces fluctuations tied to demand in cyclical sectors like automotive and engineering.
- Depends on a select group of customers can affect revenue stability if any major client reduces orders or switches suppliers.
- Changes in carbide, steel, and alloy prices can impact profit margins and operational planning.
- Numerous domestic and global cutting tool manufacturers compete aggressively on price and quality, challenging market positioning.
- Heavy depends on custom products means variability in order size, and lumpy project flows may impact cash cycles.
- Business growth and scaling operations require sustained investments in inventory and receivables, tightening liquidity.
Swot Analysis for Shining Tools IPO
Strengths
Integrated Manufacturing, Reputable Client Base, Customization Capability
Weaknesses
Limited Market Presence, Revenue Concentration, Geographic Limitation
Opportunities
Emerging Sector Expansion, Global Reach, Sustainable Manufacturing
Threats
Competitive Pressure, Raw Material Volatility, Technology Obsolescence
Company Details
Shining Tools Ltd.
Survey no. 63/2, Plot No. 2, Rajkot, Gondal Highway, Pipaliya, Gondal, Gujarat, 360311
Phone: +91 9687693344
Email: cs@tixnatools.com
Website: https://www.tixnatools.com/
IPO Registar Details
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: shining.ipo@accuratesecurities.com
Website: https://maashitla.com/allotment-status/public-issues
FAQs
The key objectives of Shining Tools SME IPO are:
- Purchase and installation of plant and machinery for Carbide Precision Tools at Existing Premises
- Funding of working capital requirements
- General corporate purposes
Sobhagya Capital Options Pvt. Ltd. is the book-running lead managers for the Shining Tools IPO.
Shining Tools IPO shows strong growth potential driven by rising demand for precision cutting tools across automotive, aerospace, and defense sectors. With revenue increasing from ₹10.46 crore in FY23 to ₹14.77 crore in FY25 and profitability turning positive, its advanced manufacturing and innovation focus position it well for sustainable expansion.
The issue price for the Shining Tools IPO is set to ₹114 per share.
To invest in two lot of Shining Tools IPO, you need ₹2,73,600 at the fixed price band (₹114 per share) for a lot size of 2400 shares.
Shining Tools IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on November 14, 2025.
Refund/unblocking of funds for Shining Tools IPO will begin on November 13, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Shining Tools IPO shares on listing day (November 14, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.