Shining Tools
BSE SME₹2,73,600 / Individual : 2400 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 11 Nov 2025, 06:55 PM |
| NII | 0.53 times |
| Total | 1.20 times |
Shining Tools IPO Details
The Shining Tools IPO price band is set between ₹114 per equity share, with a face value of ₹10 per share. The issue is managed by Maashitla Securities Pvt Ltd, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 7 Nov, 2025 and closes on 11 Nov, 2025. Investors can check the allotment status on 12 Nov, 2025, while the listing date is tentatively scheduled for 14 Nov, 2025.
The total issue size is 15,00,000 shares, aggregating up to ₹17.1 crore. Stay tuned for the latest Shining Tools IPO review and GMP updates.
Shining Tools IPO Review, Rating & Analysis
Shining Tools IPO Review
NO REVIEWShining Tools IPO Rating
Shining Tools IPO Highlights
IPO Date
Nov 7, 2025 - Nov 11, 2025
Listing Date
14 Nov, 2025
Face Value
₹10 Per Equity Share
Price Band
₹114 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Shining Tools IPO Lot Size
The minimum market lot for Shining Tools IPO is 2400 shares with an application amount of ₹2,73,600. Retail investors can apply for up to 0 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2400 | ₹2,73,600 |
| Retail (Max) | 0 | 0 | ₹0 |
| S-HNI (Min) | 1 | 2400 | ₹2,73,600 |
| S-HNI (Max) | 3 | 7200 | ₹8,20,800 |
| B-HNI (Min) | 4 | 9600 | ₹10,94,400 |
Shining Tools IPO Timeline
Issue Price
₹114 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Maashitla Securities Pvt LtdLead Manager
Sobhagya Capital Options Pvt LtdIssue Size
15,00,000 shares(aggregating up to ₹17.1 crore)Shining Tools IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Jul-25 | 22.51 | 5.42 | 1.47 | 9.47 | 5.53 | 8.87 |
| 31-Mar-25 | 19.64 | 14.77 | 2.93 | 8.01 | 4.06 | 8.18 |
| 31-Mar-24 | 15.05 | 10.60 | 1.58 | 3.60 | 1.60 | 7.54 |
| 31-Mar-23 | 16.83 | 10.46 | -0.08 | 2.02 | 0.02 | 9.45 |
In Cr.
Shining Tools IPO Documents
Shining Tools IPO Valuations
EPS Pre IPO
₹7.05/-EPS Post IPO
₹7.78/-PE Pre IPO
16.18PE Post IPO
14.66ROE
49.59%ROCE
29.61%Debt Equity
-RoNW
36.60%PAT Margin
27.19%Price to Book Value
5.82Promoters & Share Holding
Promoter(s) Name
- Mr. Vipulbhai Laljibhai Ghonia
- Mr. Kamalbhai Laljibhai Ghonia
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 96.18% | 70.68% |
About Company
Incorporated in May 2013, Shining Tools Limited designs and manufactures high-performance solid carbide cutting tools for various industries in India.
The company also reconditions secondhand tools, improving their performance and usability.The company designs and manufactures a wide variety of high-performance solid carbide cutting tools such as end mills, drills, reamers, and thread mills under the brand name 'Tixna'.
They create custom tooling and provide reconditioning services for automotive, engineering, aerospace, and defense industries.The company produces high-performance cutting tools such as end mills, thread mills, drills, and reamers with innovative solutions. These tools are applied in commercial metal cutting across different industries.
The company is ISO 9001:2015 accredited in Quality Management for solid carbide cutting tools.The industries it caters to include Agriculture, Automobiles, Engineering, Medical, Casting, Defence, Aerospace, and Power.
The firm's manufacturing unit is located in Rajkot, Gujarat.As of June 2025, the company has 26 employees on its payroll.
Shining Tools IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 7,12,600 | <span>
7,12,600
</span> | 14,25,200 | |
Day 107-11-25 06:00 PM | 0.36 x | <span>
0.63
x
</span> | 0.49 x | |
Day 210-11-25 06:00 PM | 0.31 x | <span>
1.22
x
</span> | 0.76 x | |
Day 311-11-25 06:00 PM | 0.53 x | <span>
1.87
x
</span> | 1.20 x |
Shining Tools IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| Purchase and installation of plant and machinery for Carbide Precision Tools at Existing Premises | - |
| Funding of working capital requirements | - |
| General corporate purposes | - |
Company Contact Details
Shining Tools
Survey no. 63/2, Plot No. 2, Rajkot, Gondal Highway, Paliya, Gondal, Gujarat - 360311Registrar Contact Details
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Frequently Asked Questions about Shining Tools IPO
When will Shining Tools IPO open for subscription?
The Shining Tools IPO opens on 7 Nov, 2025 and closes on 11 Nov, 2025.
What is the investors portion for Shining Tools IPO?
The investors' portion for QIB is 0.53 x, NII is 1.87 x, and Retail is .
How to apply for Shining Tools IPO?
You can apply for Shining Tools IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Shining Tools IPO?
The issue size of Shining Tools IPO is approx ₹15,00,000 shares(aggregating up to ₹17.1 crore) crores.
What is the price band of Shining Tools IPO?
The price band for Shining Tools IPO is ₹114 per equity share to ₹undefined.
What is the lot size of Shining Tools IPO?
The minimum bid (lot size) for Shining Tools IPO is 1200 shares with an investment of approx ₹2,73,600 .
What is the allotment date of Shining Tools IPO?
The allotment date for Shining Tools IPO is 12 Nov, 2025.
What is the listing date of Shining Tools IPO?
The listing date for Shining Tools IPO is expected to be 14 Nov, 2025.
What is the GMP of Shining Tools IPO?
The latest Grey Market Premium (GMP) for Shining Tools IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.