Shining Tools Limited is engaged in the design and manufacturing of high-performance solid carbide cutting tools used in precision metalworking. The company manufactures a range of cutting tools such as end mills, drills, reamers, and thread mills under its in-house brand “Tixna.” These tools are used for high-accuracy machining and industrial processing across multiple sectors.
The company also provides re-conditioning and re-sharpening services to enhance the life and performance of used cutting tools, offering cost-effective solutions to customers.
Shining Tools caters to a broad range of industries, including Automobile, Engineering, Agriculture, Medical, Casting, Aerospace, Defence, and Power. The company specializes in custom-designed tool solutions tailored to specific machining needs.
The manufacturing facility is located in Rajkot, Gujarat, and the company is ISO 9001:2015 certified, ensuring adherence to quality management and production standards. As of June 2025, the company has 26 employees on its payroll.
Shining Tools IPO – Details
| IPO Opening Date | 07 November 2025 |
| IPO Closing Date | 11 November 2025 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 15,00,000 Shares Worth ₹17.10 Crore Fresh Issue: 15,00,000 Shares Worth ₹17.10 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹114 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Maashitla Securities Pvt.Ltd. |
| NII Shares Offered | 50% |
| Retail Shares Offered | 50% |
Shining Tools IPO – Date Schedule
| IPO Open Date | 07 November 2025 |
| IPO Close Date | 11 November 2025 |
| Basis of Allotment | 12 November 2025 |
| Initiation of Refund | 13 November 2025 |
| Credit of Shares to Demat | 13 November 2025 |
| IPO Listing Date | 14 November 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 11, 2025 |
Shining Tools IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,73,600 |
| Retail (Max) | 2 | 2,400 | ₹2,73,600 |
| S-HNI (Min) | 3 | 3,600 | ₹4,10,400 |
Competitive Strength
- Efficiency through Machine-Based Manufacturing Tools.
- Tailored Solutions to customers by Offering Customised Tools.
- Wide and diverse range of product offerings.
- Experienced management and technical expertise of employees.
Company Promoters
- Mr. Vipulbhai Laljibhai Ghonia
- Mr. Kamalbhai Laljibhai Ghonia
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹10.46 Cr | ₹10.56 Cr | –₹0.08 Cr | ₹9.45 Cr |
| 31 March 2024 | ₹10.60 Cr | ₹8.49 Cr | ₹1.58 Cr | ₹7.54 Cr |
| 31 March 2025 | ₹14.77 Cr | ₹10.69 Cr | ₹2.93 Cr | ₹8.18 Cr |
| 31 July 2025 | ₹5.42 Cr | ₹3.46 Cr | ₹1.47 Cr | ₹8.87 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 49.59% |
| ROCE | 29.61% |
| RoNW | 36.60% |
| PAT Margin | 27.19% |
| EBITDA Margin | 46.86% |
| Price to Book Value | 5.82 |
| Market Capitalization | 64.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.05 | 7.78 |
| P/E (x) | 16.18 | 14.66 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Purchase and installation of plant and machinery for Carbide Precision Tools at Existing Premises. | ₹9.07 |
| Funding of working capital requirements. | ₹3.85 |
| General corporate purposes. | ₹2.48 |
✅Strengths
- Manufactures high-performance solid carbide cutting tools under the “Tixna” brand.
- Offers custom tool solutions and reconditioning services, creating repeat business.
- Serves diverse industries like Auto, Engineering, Aerospace, Defence, Medical, etc.
- ISO 9001:2015 certified manufacturing unit in Rajkot, Gujarat.
⚠️Risks
- Business depends on industrial and manufacturing sector demand.
- Faces competition from domestic brands and cheaper imports.
- Small operational scale compared to larger industry players.
- Fluctuations in raw material prices may affect margins.
Shining Tools IPO Promoter Holding
| Pre Issue Share Holding | 96.18% |
| Post Issue Share Holding | 70.68% |
Shining Tools IPO Prospectus
Company Contact Information
| Shining Tools Ltd. 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 IPO Registrar
| Maashitla Securities Pvt.Ltd. Phone: +91-11-45121795-96 Email: shining.ipo@accuratesecurities.com Website: https://maashitla.com/allotment-status/public-issues |
Shining Tools IPO Lead Manager(s)
| 1. Sobhagya Capital Options Pvt.Ltd. |
Shining Tools IPO FAQ
| What is Shining Tools IPO? Shining Tools IPO is an SME IPO. The issue is priced at ₹114 per equity share. The IPO is to be listed on BSE SME. |
| When Shining Tools IPO will open? The IPO is to open on 07 November 2025 for NII and Retail Investors. |
| What is Shining Tools IPO Investors Portion? The investors’ portion for NII – 50% and Retail – 50%. |
| What is the Shining Tools IPO Size? Shining Tools IPO size is ₹17.10 Crore. |
| What is Shining Tools IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2,400 Shares with ₹2,73,600 amount, while the maximum bid is 2,400 Shares with ₹2,73,600. |
| What is the Shining Tools IPO Allotment Date? Shining Tools IPO allotment date is 12 November 2025. |
| What is the Shining Tools IPO Listing Date? Shining Tools IPO listing date is 14 November 2025. The IPO is to be listed on the BSE SME. |
