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Shining Tools Limited is an Indian company engaged in designing, manufacturing, and reconditioning high-performance solid carbide cutting tools. The company provides a wide range of products, including end mills, thread mills, drills, and reamers, catering to diverse industries. Its tools are designed for use in CNC machines for high-speed, precision machining of various metals such as steel, cast iron, and aluminum.
Nov 07, 2025
Nov 11, 2025
Nov 14, 2025
SME
Closed
—
17.1 Cr
0 Cr
₹114 - ₹114
1200
The net proceeds from the issue are proposed to be utilized for the following key objectives:
To fund the purchase and installation of new plant and machinery for manufacturing Carbide Precision Tools at the company's existing facility, with an estimated cost of ₹9.07 crores, aimed at augmenting production capacity and enhancing revenue.
To finance the company's working capital requirements with an allocation of ₹5.42 crores, which will support business growth and enable procurement of materials on better credit terms, thereby improving gross margins.
To allocate funds for general corporate purposes, including but not limited to strategic initiatives, branding, marketing efforts, and addressing other operational needs to support overall business development.
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49.59%
29.61%
36.6%
—
27.19%
46.86%
5.82
Specializes in a diverse range of high-performance solid carbide cutting tools catering to multiple industries.
Offers tool reconditioning services, enhancing customer value and fostering long-term relationships.
Established presence in the price-competitive Indian cutting tools market.
Experienced promoters and management team with relevant industry knowledge.
High operational concentration with a single manufacturing facility located in Rajkot, Gujarat.
Significant revenue dependency on a limited number of key customers.
Geographical concentration of sales, with a majority derived from the western zone of India.
History of negative cash flows, which could indicate potential liquidity challenges.
Growing demand for cutting tools driven by the expansion of automotive, aerospace, and defense manufacturing sectors.
Government initiatives like 'Make in India' and the China+1 strategy are expected to boost domestic manufacturing.
Increasing adoption of advanced technologies like CNC machines and Industry 4.0 in the Indian market.
Potential to expand market reach to other domestic regions and explore export opportunities.
Volatility in the supply and pricing of essential raw materials, which can impact profit margins.
Intense competition from both organized and unorganized players in the domestic and international markets.
Failure to meet strict quality requirements could lead to order cancellations and damage to reputation.
Adverse changes in government regulations, tax laws, and economic policies could impact business operations.