November 3, 2025
admin
Shining Tools IPO
Shining Tools Ltd. is launching a fixed-price SME IPO of Rs. 17.10 crore, comprising an entirely fresh issue of 15,00,000 equity shares.
The IPO opens on November 7, 2025, and closes on November 11, 2025. The allotment is expected on November 12, 2025, and the listing is tentatively scheduled for November 14, 2025 on BSE SME.
The issue price is Rs. 114 per share, and the lot size is 1,200 shares.
The minimum investment for retail investors is Rs. 2,73,600 (2,400 shares), and for HNI investors, Rs. 4,10,400 (3,600 shares).
Lead Manager: Sobhagya Capital Options Pvt. Ltd.
Registrar: Maashitla Securities Pvt. Ltd.
Market Maker: Aftertrade Broking Pvt. Ltd.
🕗 Last Update: 3 November 2025, 8.00 AM
GMP | Reviews | Subscription | Allotment
IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | November 7, 2025 |
| IPO Close Date | November 11, 2025 |
| Allotment Date | November 12, 2025 |
| Refunds Initiation | November 13, 2025 |
| Credit to Demat | November 13, 2025 |
| Listing Date | November 14, 2025 |
IPO Details
| Particulars | Details |
|---|---|
| Face Value | Rs. 10 per share |
| Issue Price | Rs. 114 per share |
| Lot Size | 1,200 shares |
| Sale Type | Fresh Issue |
| Total Issue Size | 15,00,000 shares (Rs. 17.10 Cr) |
| Market Maker Portion | 75,600 shares (Rs. 0.86 Cr) – Aftertrade Broking Pvt. Ltd. |
| Net Offer to Public | 14,24,400 shares (Rs. 16.24 Cr) |
| Issue Type | Fixed Price Issue |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 41,58,400 shares |
| Shareholding Post-Issue | 56,58,400 shares |
Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 75,600 | 5.04% |
| NII (HNI) | 7,12,200 | 47.48% |
| Retail Individual Investors | 7,12,200 | 47.48% |
| Total | 15,00,000 | 100.00% |
Application Details
| Application | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min / Max) | 2 | 2,400 | 2,73,600 |
| HNI (Min) | 3 | 3,600 | 4,10,400 |
Promoter Holding
| Particulars | Percentage |
|---|---|
| Promoter Holding Pre-Issue | 96.18% |
| Promoter Holding Post-Issue | 70.68% |
Promoters: Mr. Vipulbhai Laljibhai Ghonia and Mr. Kamalbhai Laljibhai Ghonia.
About Shining Tools Ltd.
Incorporated in May 2013, Shining Tools Ltd. is engaged in the design and manufacture of high-performance solid carbide cutting tools under the “Tixna” brand.
The company’s offerings include end mills, drills, reamers, and thread mills, along with reconditioning services for used tools—enhancing efficiency and cost-effectiveness.
Industries Served: Agriculture, Automotive, Engineering, Medical, Casting, Defence, Aerospace, and Power sectors.
Manufacturing Unit: Rajkot, Gujarat.
Employees: 26 (as of June 2025).
Certification: ISO 9001:2015 for Quality Management.
Competitive Strengths
-
Machine-based precision manufacturing for higher efficiency.
-
Customized tooling solutions for diverse client needs.
-
Wide product range catering to multiple industries.
-
Experienced management and technical team.
Financial Snapshot (Rs. crore)
| Period Ended | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 22.51 | 19.64 | 15.05 | 16.83 |
| Total Income | 5.42 | 14.77 | 10.60 | 10.46 |
| Profit After Tax | 1.47 | 2.93 | 1.58 | -0.08 |
| EBITDA | 2.53 | 6.23 | 4.15 | 1.89 |
| Net Worth | 9.47 | 8.01 | 3.60 | 2.02 |
| Total Borrowing | 8.87 | 8.18 | 7.54 | 9.45 |
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 49.59% |
| ROCE | 29.61% |
| RoNW | 36.60% |
| PAT Margin | 27.19% |
| EBITDA Margin | 46.86% |
| P/E (Post-Issue) | 14.66x |
| Price to Book Value | 5.82 |
| Market Capitalization | Rs. 64.51 Cr |
Objects of the Issue (Rs. in crores)
| S.No. | Objects of the Issue | Amount (Rs. Cr) |
|---|---|---|
| 1 | Purchase and installation of plant and machinery for Carbide Precision Tools at existing premises | 9.07 |
| 2 | Funding of working capital requirements | 3.85 |
| 3 | General corporate purposes | 2.48 |
Company Contact
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/
Lead Manager
Sobhagya Capital Options Pvt. Ltd.
Registrar
Maashitla Securities Pvt. Ltd.
📞 +91-11-45121795–96
✉ shining.ipo@accuratesecurities.com
🌐 https://maashitla.com/allotment-status/public-issues
Chanakya IPO Review – by Paresh Gordhandas, CA & Research Analyst
Shining Tools Ltd., a Rajkot-based manufacturer of solid carbide cutting tools under the “Tixna” brand, serves diverse industries like automotive, aerospace, and defence. The company’s FY25 revenue rose by 39%, and PAT surged 86% to Rs. 2.93 crore, reflecting strong operational performance and margin expansion (EBITDA 46.86%). ROE stands high at 49.6%, indicating efficient capital use.
With minimal debt and strong demand from engineering and industrial clients, Shining Tools appears fundamentally sound.
Chanakya View: Consistent growth, high return ratios, and niche manufacturing focus make this IPO attractive for long-term investors and listing gains.
Quicklinks
- Market Analysis by Nagaraj Shetti
- Stock Market today by Vaishali Parekh
- Analysis by Kotak Securities
- Market Analysis by HDFC Securities
- Technical Analysis by Kotak Securities
- Technical Analysis by Samco Securities
- Reliance, Target & Stoploss
- Gold Analysis
- FII buy-Sell
- Technical Analysis
- Calls for the Day
- Currency Analysis
Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
