The Shining Tools IPO will open on November 7, 2025, and close on November 11, 2025. The IPO allotment is expected to be finalized on November 12, 2025, with the listing date scheduled for November 14, 2025.
Shining Tools IPO Date, Review, Price, Allotment Details
Posted on: 04 Nov 2025
The Shining Tools IPO will open for subscription on November 7, 2025, and close on November 11, 2025. It is a Fixed Price Issue, through which the company aims to raise approximately ₹17.10 crores. The issue comprises a fresh issue worth ₹17.10 crores and an offer for sale of [.] equity shares with a face value of ₹10 each.
The IPO price is set at ₹114 per share, with the retail quota at 50%, QIB at 0%, and HNI at 50%. The IPO allotment date is scheduled for November 12, 2025, and the company’s shares are expected to be listed on the BSE on November 14, 2025.
In terms of financial performance, Shining Tools reported a revenue of ₹14.77 crores in 2025, up from ₹10.60 crores in 2024, while profits increased to ₹2.93 crores in 2025 compared to ₹1.58 crores in 2024. Based on the company’s growth and financials, the IPO appears to be a promising long-term investment opportunity.
Shining Tools IPO Details
IPO Open Date November 7, 2025 IPO Close Date November 11, 2025 Face Value ₹10 Per Equity Share IPO Price Band ₹114 Per Share Issue Size Approx ₹17.10 Crores Fresh Issue Approx ₹17.10 Crores Issue Type Fixed Price Issue IPO Listing BSE SME DRHP Draft Prospectus 
RHP Draft Prospectus
Shining Tools IPO Market Lot
The minimum market lot for the Shining Tools IPO is 2,400 shares, requiring a minimum application amount of ₹2,73,600.
Application Lot Size Shares Amount Retail Minimum 2 2,400 ₹2,73,600 Retail Maximum 2 2,400 ₹2,73,600 S-HNI Minimum 3 3,600 ₹4,10,400
IPO Reservation
Investor Category Share Offered -% Shares NII Shares Offered 7,12,200 Shares 50% Retail Shares Offered 7,12,200 Shares 50%
Shining Tools IPO Dates
IPO Open Date: November 7, 2025 IPO Close Date: November 11, 2025 Basis of Allotment: November 12, 2025 Refunds: November 13, 2025 Credit to Demat Account: November 13, 2025 IPO Listing Date: November 14, 2025 IPO Bidding Cut-off Time: November 11, 2025 – 5 PM
Promoters and Holding Pattern
The promoters of Shining Tools Limited are Mr. Vipulbhai Laljibhai Ghonia and Mr. Kamalbhai Laljibhai Ghonia.
Particular Shares % Share Promoter Holding Pre-Issue 41,58,400 96.18% Promoter Holding Post Issue 56,58,400 70.68%
Objects of the Issue & Utilisation of Proceeds
Purpose Crores 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 Purpose ₹2.48
About Shining Tools IPO
Shining Tools Limited, established in May 2013, is a leading manufacturer and designer of high-performance solid carbide cutting tools catering to a diverse range of industries across India. The company serves multiple sectors, including Agriculture, Automobile, Engineering, Medical, Casting, Defence, Aerospace, and Power. Additionally, it provides reconditioning services for old and used tools, enhancing their efficiency and extending their lifespan.
Operating under the “Tixna” brand, Shining Tools offers a comprehensive range of premium cutting tools such as end mills, thread mills, and drills. These tools are engineered to cut various materials like solid carbide, cast iron, steel, forgings, and aluminium with precision and durability.
Headquartered in Rajkot, Gujarat, the company’s manufacturing facility produces tools in multiple shapes, sizes, and specifications, while also offering customized tool designs tailored to meet specific customer needs.
Shining Tools IPO Company Financial Report
Amount ₹ in Crores
Period Ended Revenue Expense PAT Assets 2023 ₹10.46 ₹10.56 ₹0.08 ₹16.83 2024 ₹10.60 ₹8.49 ₹1.58 ₹15.05 2025 ₹14.77 ₹10.69 ₹2.93 ₹19.64 July 2025 ₹5.42 ₹3.46 ₹1.47 ₹22.51
Shining Tools IPO Valuation – FY2025
Check Shining Tools IPO valuations detail like Earnings Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 49.59% ROCE: 29.61% EBITDA Margin: 42.28% PAT Margin: 19.89% Debt to equity ratio: 0.92 Earning Per Share (EPS): ₹7.17 (Basic) Price/Earning P/E Ratio: 15.90 Return on Net Worth (RoNW): 36.60% Net Asset Value (NAV): ₹19.60
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income Birla Precisions Technologies Limited 0.82 56.37 -% 24.08 209.51 Cr.
IPO Lead Managers aka Merchant Bankers
- Sobhagya Capital Options Pvt. Ltd.
Company Address
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/
IPO Registrar
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: shining.ipo@accuratesecurities.com
Website: https://maashitla.com/allotment-status/public-issues