Shining Tools Ltd.
SHININGSME
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Overview
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.
Opening Date
Nov 07, 2025
Closing Date
Nov 11, 2025
Listing Date
Nov 14, 2025
IPO Type
SME
IPO Status
Closed
Issue Size
17.1 Cr
Fresh Issue
17.1 Cr
Offer for Sale
0 Cr
Price Band
₹114 - ₹114
Lot Size
1200
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
IPO Objective
The net proceeds from the issue are proposed to be utilized for the following key objectives:
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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.
Key Performance Indicator
P/E Ratio
—
EPS
—
ROE
49.59%
ROCE
29.61%
RONW
36.6%
Debt to Equity Ratio
—
PAT Margin
27.19%
EBITDA Margin
46.86%
P/B
5.82
SWOT Analysis
Strengths
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Specializes in a diverse range of high-performance solid carbide cutting tools catering to multiple industries.
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Offers tool reconditioning services, enhancing customer value and fostering long-term relationships.
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Established presence in the price-competitive Indian cutting tools market.
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Experienced promoters and management team with relevant industry knowledge.
Weaknesses
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High operational concentration with a single manufacturing facility located in Rajkot, Gujarat.
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Significant revenue dependency on a limited number of key customers.
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Geographical concentration of sales, with a majority derived from the western zone of India.
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History of negative cash flows, which could indicate potential liquidity challenges.
Opportunities
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Growing demand for cutting tools driven by the expansion of automotive, aerospace, and defense manufacturing sectors.
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Government initiatives like 'Make in India' and the China+1 strategy are expected to boost domestic manufacturing.
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Increasing adoption of advanced technologies like CNC machines and Industry 4.0 in the Indian market.
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Potential to expand market reach to other domestic regions and explore export opportunities.
Threats
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Volatility in the supply and pricing of essential raw materials, which can impact profit margins.
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Intense competition from both organized and unorganized players in the domestic and international markets.
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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.
Subscription Rate
Frequently Asked Questions about Shining Tools Ltd.
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.
The Shining Tools Ltd. IPO is scheduled to open for subscription on Nov 07, 2025 and close on Nov 11, 2025. Investors can apply for shares during this period through eligible platforms.
The price band for the Shining Tools Ltd. IPO is ₹114 to ₹114. Investors can place bids within this range once the issue opens.
The minimum lot size for the Shining Tools Ltd. IPO is 1200 shares. The minimum investment amount ₹1,36,800.
The total issue size of the Shining Tools Ltd. IPO is approximately ₹17.10. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Shining Tools Ltd. IPO has been subscribed 1.15 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Shining Tools Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Shining Tools Ltd. are expected to list on stock exchanges on Nov 14, 2025, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Shining Tools Ltd. IPO are proposed to be used for 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.
Before applying for the Shining Tools Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
