Shining Tools SME: Check IPO Date, Live Subscription and Key Details
Shining Tools Limited, established in May 2013, is a manufacturer and reconditioner of high-performance solid carbide cutting tools under the **“Tixna”** brand. The company produces various tools like **end mills, drills, reamers, and thread mills**, which are essential for metal cutting operations in diverse industries such as **automotive, engineering, aerospace, and defense**. Shining Tools also offers custom tool design and **reconditioning services** to extend the life and performance of used tools. The manufacturing facility is strategically located in Gondal, Gujarat, enhancing quick response and logistics.
Price Range
₹114.00
Issue Size
₹16.24 Crore
Lot Size
1,200 shares
IPO Type
BSE SME
GMP
-
Est. Listing Price
₹114
Invisible
-
Invisible
-
Key Metrics
Check Live GMP
Face Value
₹10
EPS
7.78
P/E Ratio
14.66
RoNW
36.6%
ROE
49.59%
Debt to Equity
0.86
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Timeline
IPO Opens
7 Nov
IPO Closes
11 Nov
Allotment
12 Nov
Listing
14 Nov
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 7 November 2025 | Subscription starts |
| IPO Close Date | 11 November 2025 | Subscription ends |
| Allotment Date | 12 November 2025 | Allotment |
| Listing Date | 14 November 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,73,600 |
SHNI (Min) | 3 | ₹4,10,400 |
SHNI (Max) | 7 | ₹9,57,600 |
BHNIAbove ₹10,00,000 | 8 | ₹10,94,400 |
IPO Objectives
- Purchase and installation of plant and machinery for Carbide Precision Tools at Existing Premises (₹9.07 Cr).
- Funding of working capital requirements (₹3.85 Cr).
- General corporate purposes (₹2.48 Cr).
Strengths
- The company offers a diverse product portfolio of high-performance solid carbide cutting tools, catering to critical sectors like automotive, aerospace, and defense.
- It has established and reliable networking channels and a strategic location in Gujarat, enabling quick response to customer needs.
- The business provides comprehensive reconditioning and repair services for used tools, generating an additional revenue stream.
- It shows strong financial growth, with revenue increasing by 39% and profit after tax (PAT) rising significantly by 86% between FY24 and FY25.
- IPO proceeds are largely dedicated to purchasing new machinery and increasing working capital, indicating a clear, capital-intensive growth plan.
Weaknesses
- The company has a high debt-to-equity ratio of 0.86 in FY25, indicating a reliance on borrowings that may impact its financial flexibility.
- It operates with small-scale operations in a market facing intense competition in the precision tools manufacturing and reconditioning sector.
- The business is vulnerable to raw material price volatility (solid carbide), which can negatively affect its profitability.
- It has high working capital requirements, which is confirmed by the allocation of IPO funds to this objective.
- The company is dependent on the capital expenditure cycles of core industries (automotive, engineering), making the business sensitive to economic downturns in these sectors.
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Financial Performance
| Period Ended | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 22.51 | 19.64 | 15.05 | 16.83 |
| Revenue (₹ Cr.) | 5.42 | 14.77 | 10.6 | 10.46 |
| PAT (₹ Cr.) | 1.47 | 2.93 | 1.58 | -0.08 |
| Net Worth (₹ Cr.) | 9.47 | 8.01 | 3.6 | 2.02 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Shining Tools Limited | 5.82 | 14.66 | 49.59% | 9.47 |
| Birla Precision Technologies Ltd. | 1.8 | 37.16 | 3.73% | 157 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 0.35x | 0.31x | 0.43x |
| RII | 0.63x | 1.22x | 1.87x |
| Total | 0.49x | 0.76x | 1.15x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| NII | 7,12,600 | 3,03,600 | 3.46 |
| RII | 7,12,600 | 13,32,000 | 15.18 |
| Total | 14,25,200 | 16,35,600 | 18.65 |
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Company Details
- Shining Tools Ltd.
- Survey no. 63/2, Plot No. 2, Rajkot, Gondal Highway, paliya, Gondal, Gujarat-360311
- +91 9687693344
- cs@tixnatools.com
- https://www.tixnatools.com/
Registrar Details
- Maashitla Securities Pvt.Ltd.
- +91-11-45121795-96
- shining.ipo@accuratesecurities.com
- https://maashitla.com/allotment-status/public-issues