The Shining Tools IPO opens on November 7, 2025, and closes on November 11, 2025. The Shining Tools IPO is a fixed-price issue. The company will raise approximately ₹17.10 crore through this IPO, consisting of ₹17.10 crore worth of new shares and ₹10 face value [.] equity shares.
The Shining Tools IPO price band is ₹114 per share. The share is 50% for retail, 0% for QIBs, and 50% for HNIs. The Shining Tools IPO will be listed on the BSE on November 14, 2025. The Shining Tools IPO allotment date is November 12, 2025.
The company reported revenue of ₹14.77 crore in 2025, compared to ₹10.60 crore in 2024. The company reported a profit of ₹2.93 crore in 2025, compared to ₹1.58 crore in 2024. As per the financials, IPO investors should invest in the IPO GMP for the long term.
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 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 | 7,12,200 Shares | 50% |
| Retail Shares Offered | 7,12,200 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 11, 2025 |
| Credit to Demat Account: | November 11, 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, established in May 2013, is a leading company engaged in the design and manufacture of high-performance solid carbide cutting tools, serving various industries in India. The company serves various industries, including agriculture, automobiles, engineering, medical, casting, defense, aerospace, and energy. They also repair old and used tools to ensure their longevity and better performance.
The company offers a wide range of high-quality cutting tools, such as end mills, thread mills, and drills, under the "Tiksna" brand. These tools are expertly designed to cut various metals, such as solid carbide, cast iron, steel, forgings, and aluminum. Shining Tools Manufacturing is located in Rajkot, Gujarat, and produces a wide variety of tools in various shapes, sizes, and specifications. Additionally, the company designs customized tools based on customer 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. |
Incorporated in May 2013, Shining Tools Limited designs and manufactures high-performance solid carbide cutting tools for various industries in India.
The company offers reconditioning services for used tools, enhancing usability and performance.
The company designs and manufactures high-performance solid carbide cutting tools, such as end mills, drills, reamers, and thread mills under the "Tixna" brand.
They create customized tools and offer re-conditioning services for automotive, engineering, aerospace, and defense industries.
The company manufactures high-performance cutting tools, including end mills, thread mills, drills, and reamers, providing innovative solutions. These tools are used in commercial metal cutting across various industries.
The company is ISO 9001:2015 accredited in Quality Management for solid carbide cutting tools.
The company serves various industries, including Agriculture, Automobiles, Engineering, Medical, Casting, Defence, Aerospace, and Power.
The company's manufacturing unit is situated in Rajkot, Gujarat.
As of June 2025, the company has 26 employees on its payroll.
Competitive Strength
Efficiency through Machine-Based Manufacturing Tools.
Tailored Solutions to customers by Offering Customized Tools.
Wide and diverse range of product offerings.
Experienced management and technical expertise of employees.
Company Address
Shining Tools Ltd.
Survey no. 63/2, Plot No. 2,
Rajkot, Gondal Highway
paliya, ,
Gondal, Gujarat, 360311
Phone: +91 9687693344
Email: cs@tixnatools.com
Website: https://www.tixnatools.com/
IPO Registrar
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: shining.ipo@accuratesecurities.com
Website: https://maashitla.com/allotment-status/public-issues