Shining Tools
November 7, 2025 – November 11, 2025
| Price | ₹114 - ₹114 |
| GMP Rumors * | ₹7 |
|---|---|
| Lot size | 1200 |
| Issue size | ₹17.10 cr |
| Allotment | Nov 12, 2025 |
| Listing | Nov 14, 2025 |
Shining Tools Subscription
Last updated on 07-Nov-2025 16:53:35
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 712200 | 171600 | 0.24 |
| Individual | 712200 | 451200 | 0.63 |
| Total | 1424400 | 622800 | 0.44 |
Application-Wise Breakup  | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (3-10L) | 198 | 22 | 0.11 |
| Individual | 297 | 188 | 0.63 |
Shining Tools Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2400 | 273600 | 297 |
| HNI | 3 | 3600 | 410400 | 198 |
Shining Tools Reservation
| Category | Shares Offered | % |
|---|---|---|
| HNI | 712200 | 47.48% |
| INDIVIDUAL | 712200 | 47.48% |
| Market Maker | 75600 | 5.04% |
| Total | 1500000 | 100% |
Shining Tools About
IPO Details
| Total Issue Size | 15,00,000 shares (aggregating up to ₹17.10 Cr) |
| Fresh Issue | 15,00,000 shares (aggregating up to ₹17.10 Cr) |
| Face Value | ₹10/- Per Share |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 41,58,400 shares |
| Share Holding Post Issue | 56,58,400 shares |
| Reserved for Market Maker | 75,600 shares (aggregating up to ₹0.8618 Cr) |
| Market Maker | Aftertrade Broking Pvt.Ltd. |
Key Performance Indicators (KPI)
| KPI | Jul-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| ROE | 49.15% | 49.59% | 56.08% | -3.85% |
| ROCE | 35.70% | 29.61% | 26.64% | 8.32% |
| EPS (BASIC) | 10.59 | 7.17 | 3.94 | -0.2 |
| P/E Pre IPO | 16.18 | |||
| P/E Post IPO | 14.66 |
Company Financial (In ₹Crore)
| Period Ended | Jul-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 22.51 | 19.64 | 15.05 | 16.83 |
| Total Income | 5.42 | 14.77 | 10.6 | 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 | 3.6 | 2.02 |
| Reserves and Surplus | 5.53 | 4.06 | 1.6 | 0.02 |
| Total Borrowing | 8.87 | 8.18 | 7.54 | 9.45 |
Peer Comparison (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Shining Tools Limited | 14.6 | 10.00 | |
| Birla Precisions Technologies Limited | 56.37 | 46.22 | 2.00 |
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | EPS (Basic) (₹) |
|---|---|---|
| Shining Tools Limited | 19.25 | 7.17 |
| Birla Precisions Technologies Limited | 24.08 | 0.82 |
About Company
Operating under its flagship brand “Tixna”, the company produces a comprehensive range of tools, including end mills, drills, reamers, and thread mills, known for precision, durability, and superior performance.
In addition to manufacturing, Shining Tools provides reconditioning services for used tools, extending their lifespan and optimizing performance, thereby offering cost-effective solutions to clients.
The company’s products are widely used in automotive, engineering, aerospace, defense, agriculture, medical, casting, and power sectors, supporting both domestic and international markets.
With a focus on innovation and quality, the company holds an ISO 9001:2015 certification for its Quality Management System in solid carbide cutting tools.
Its state-of-the-art manufacturing facility is strategically located in Rajkot, Gujarat, enabling efficient production and timely delivery to its customers.
Strength
Customized Tool Solutions: The company specializes in designing and manufacturing tailor-made tools to meet specific customer requirements, ensuring precision and efficiency across various industries.
Diverse Product Portfolio: It offers a wide range of high-quality cutting tools and accessories, catering to multiple industrial applications and positioning itself as a one-stop solution provider.
Experienced Leadership and Technical Expertise: Led by promoters with over two decades of experience in cutting tool manufacturing, the company benefits from strong technical know-how and efficient operational management.
Weakness
Single Manufacturing Location Risk: The company operates from a single facility in Rajkot, Gujarat. Any disruption or interruption at this site could significantly impact operations and financial performance.
Dependence on One Facility: Since all production is carried out at one manufacturing unit, any operational breakdown or shutdown may materially affect business continuity and profitability.
Geographical Concentration Risk: A large portion of sales comes from the western region, particularly Gujarat, making the company vulnerable to regional economic, competitive, or demographic changes.
Shining Tools Lead Manager(s)
Shining Tools Address
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/
Shining Tools Registrar
Shining Tools Reviewers
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