Shining Tools Limited Link 
Allotment
Shining Tools IPO is a fixed-price public issue worth ₹17.10 crore. The entire IPO consists of fresh shares, with the company offering 15 lakh equity shares to raise the full amount.
The IPO opened for bidding on November 7, 2025, and closed on November 11, 2025. The share allotment was completed on November 12, 2025, and the company’s shares were successfully listed on the BSE SME platform on November 14, 2025.
The issue price for Shining Tools IPO was set at ₹114 per share. Each application lot includes 1,200 shares. Retail investors were required to apply for a minimum of 2 lots (2,400 shares), with a total investment of ₹2,73,600. For HNI investors, the minimum application size was 3 lots (3,600 shares), amounting to ₹4,10,400.
The IPO was managed by Sobhagya Capital Options Pvt. Ltd. as the book-running lead manager. Maashitla Securities Pvt. Ltd. handled the registrar responsibilities, while Aftertrade Broking Pvt. Ltd. acted as the market maker for the issue.
₹114
0%
Open
₹114
HIgh - Low
₹114
Previous Close
₹114
Total Traded Value
0
52 Weeks High
₹114
52 Weeks Low
₹114
Updates On
Nov 5, 2025
IPO. Open
Nov 7, 2026
IPO. Close
Nov 11, 2026
IPO. Price
₹114.00
IPO Market price
₹64.51 Cr
IPO Details
| IPO Date | 14 Nov |
| IPO Listing Date | 14 Nov |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹114.00 |
| IPO Issue Size | 15,00,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Fixed Price IPO |
| IPO Listing | BSE SME Platform |
| hare Holding Pre Issue | 41,58,400 shares |
IPO Timeline
| IPO Open Date | 7 Nov |
| IPO Close Date | 11 Nov |
| IPO Allotment (Tentative) | 12 Nov |
| Refunds | 13 Nov |
| Credit to Demat Account | 13 Nov |
| IPO Listing Date | 14 Nov |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | - |
| NII (HNI) Shares Offered | 7,12,200 |
| Retail Shares Offered | 7,12,200 |
IPO Lot Size
Investors can bid for a minimum of 2,400 shares, with additional shares in multiples of 1,200.
| Application | Lots | Share | 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 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Founded in May 2013, Shining Tools Limited is an Indian company that makes high-quality solid carbide cutting tools for many industrial uses. The company focuses on producing tools that deliver strong performance, accuracy, and long service life.
Along with manufacturing, the company also provides reconditioning services for used cutting tools. This helps customers reuse their tools with improved efficiency and reduced cost.
Shining Tools designs and produces a wide range of cutting tools under its “Tixna” brand, including end mills, drills, reamers, and thread mills. The company also develops custom-made tools based on specific customer requirements.
Its products and services are widely used in industries such as automotive, engineering, aerospace, and defense, where precision and reliability are essential. These tools support commercial metal cutting applications across multiple sectors.
The company follows strict quality standards and is ISO 9001:2015 certified, ensuring consistent quality in its solid carbide cutting tools.
Shining Tools serves various industries, including agriculture, automobiles, engineering, medical, casting, defense, aerospace, and power. Its manufacturing facility is located in Rajkot, Gujarat.
As of June 2025, the company employs 26 skilled professionals who contribute to production, design, and quality control.
Competitive Strengths
Advanced machine-based manufacturing for better efficiency
Customized tool solutions to meet customer needs
Wide product range across multiple industries
Experienced management team and skilled technical staff
Company Financials (Consolidated)
| Assets | 22.51 | 19.64 | 15.05 |
| Total Income | 5.42 | 14.77 | 10.6 |
| Profit After Tax | 1.47 | 2.93 | 1.58 |
| EBITDA | 2.53 | 6.23 | 4.15 |
| NET Worth | 9.47 | 8.01 | 3.6 |
| Reserves and Surplus | 5.53 | 4.06 | 1.6 |
| Total Borrowing | 8.87 | 8.18 | 7.54 |
Key Performance Indicator (KPI)
| ROE | 49.59% |
| ROCE | 29.61% |
| Debt/Equity | - |
| RoNW | 36.60% |
| PAT Margin | 27.19% |
| EBITDA Margin | 46.86% |
| Price to Book Value | 5.82 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 3.85 |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 2.48 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Shining Tools Limited
Survey No. 63/2, Plot No. 2
Rajkot–Gondal Highway, Paliya
Gondal, Gujarat – 360311
Phone: +91 96876 93344
Email: cs@tixnatools.com
Website: www.tixnatools.com
Detail Registrar
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 was a fixed-price issue of ₹17.10 crore, consisting entirely of a fresh issue of 15 lakh equity shares, with no offer-for-sale component included.
The IPO opened on November 7, 2025, closed on November 11, 2025, and the shares were listed on the BSE SME platform on November 14, 2025.
The issue price was fixed at ₹114 per share with a lot size of 1,200 shares. Retail investors had to apply for a minimum of 2,400 shares worth ₹2,73,600.
Shining Tools manufactures solid carbide cutting tools under the Tixna brand, offering standard and customized solutions used across automotive, aerospace, engineering, medical, and defense industries.
The company reported strong growth with a 39% increase in revenue and an 86% rise in PAT in FY2025, supported by high EBITDA margins and efficient manufacturing operations.
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