Incorporated in May 2013, Shining Tools Limited designs and manufactures high-performance solid carbide cutting tools for various industries in India.
The company offers reconditioning services for used tools, enhancing usability and performance.
The company designs and manufactures high-performance solid carbide cutting tools, such as end mills, drills, reamers, and thread mills under the "Tixna" brand.
They create customized tools and offer re-conditioning services for automotive, engineering, aerospace, and defense industries.
The company manufactures high-performance cutting tools, including end mills, thread mills, drills, and reamers, providing innovative solutions. These tools are used in commercial metal cutting across various industries.
The company is ISO 9001:2015 accredited in Quality Management for solid carbide cutting tools.
The company serves various industries, including Agriculture, Automobiles, Engineering, Medical, Casting, Defence, Aerospace, and Power.
The company's manufacturing unit is situated in Rajkot, Gujarat.
As of June 2025, the company has 26 employees on its payroll.
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.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Purchase and installation of plant and machinery for Carbide Precision Tools at Existing Premises | ₹9 |
| 2 Funding of working capital requirements | ₹4 |
| 3 General corporate purposes | ₹2 |
| Metric | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 23 | 20 | 15 |
| Revenue | 5 | 15 | 11 |
| PAT | 1 | 3 | 2 |
| EBITDA | 3 | 6 | 4 |
| Net Worth | 9 | 8 | 4 |
| Reserves | 6 | 4 | 2 |
| Total Borrowing | 9 | 8 | 8 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 712,600 (47%) | — |
| Retail (RII) | — | 712,600 (47%) | — |
| Market Maker | — | 75,600 (5%) | — |
| Total | — | 1,500,800 (100%) | — |
* Amount calculated at upper price band (₹114) · ** Total includes all investor categories
- 1 Initiation of Refund 13 Nov 2025
- 2 Credit of Shares to Demat 13 Nov 2025
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 15x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹7 compares to post-issue EPS of ₹8 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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