Shining Tools SME IPO
ListedBSE SMEOpens 7 November 2025Closes 11 November 2025
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,…
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.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
7 Nov 2025
IPO Closes
11 Nov 2025
Allotment
12 Nov 2025
Listing
14 Nov 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 7 November 2025 |
| IPO Close Date | 11 November 2025 |
| Allotment Date | 12 November 2025 |
| Listing Date | 14 November 2025 |
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.
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 |
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
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Sources
We match Shining Tools SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Maashitla Securities Pvt.Ltd.Official site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.