Shining Tools Limited IPO

Shining Tools Limited IPO

SME BSE SME Fixed Price
Closed

Price Band

₹114

Total Issue

₹17.10 Cr

Bid Dates

07 Nov - 11 Nov

Subscription

-

Est. GMP

₹3 (2.63%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Shining Tools is engaged in the design and manufacturing of high-performance solid carbide cutting tools for diverse industrial applications in India. It also offers reconditioning services to enhance tool life and maintain performance efficiency. The product portfolio includes end mills, thread mills, drills, reamers, and other precision cutting tools engineered for advanced CNC machinery such as Horizontal Machining Centers, Vertical Machining Centers, and turn-mill centers. These tools operate at high speeds and feed rates, supporting efficient machining across various metals, including solid carbide, cast iron, forged components, steel, and aluminium, serving a wide range of commercial metal-cutting industries.

Lot Info

Lot Information for Shining Tools IPO
Category Lots Shares Amount
Individual (Min) 2 2,400 ₹2,73,600
Individual (Max) 2 2,400 ₹2,73,600
Others (Min) 3 3,600 ₹4,10,400
Market Maker
75600 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹17.10 Cr
Fresh Issue
₹17.10 Cr (0.15 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹3
Est. Price ₹117
Est. Gain 2.63%

Shining Tools IPO Peer Comparison

(Rs. in crores)

Shining Tools IPO Peer Comparison Table
Particulars Shining Tools Birla Precision
Revenue from Ops (in Crs.) 14.73 207.18
PAT (In Crs.) 2.93 5.43
EPS - Basic 7.17 0.82
NAV per share 19.25 24.08
EBITDA 42.28% 10.15%
PAT Margin 19.89% 2.62%
Price to earning (PE) 15.90 56.37
  • All the information pertains to FY 2024-25
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 06, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Shining Tools IPO
Particulars Jul-25 Mar-25 Mar-24 Mar-23
Revenue from Operations 5.40 14.73 10.53 10.32
Profit after Tax 1.47 2.93 1.58 -0.08
Net Worth 9.47 8.01 3.60 2.02
Total Borrowing 8.87 8.18 7.54 9.45
Total Assets 22.51 19.64 15.04 16.83
NAV per share (in ₹) 22.78 19.60 8.99 5.05
EPS - Basic (in ₹) 10.58 7.17 3.94 -0.20

KPIs

EBITDA

42.28%

PAT

19.89%

ROE

49.59%

ROCE

29.61%

PE Ratio

15.90

PB Ratio

5.82

Mkt Cap (in Crs.)

64.51

  • All Ratios are based on Mar 2024-25
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Shareholding

Promoter

96.17%

Public

3.83%

Vipulbhai Ghonia 16.01%
Kamalbhai Ghonia 16.02%
Kiranben Ghonia 16.03%
Pritiben Ghonia 25.51%
Jayaben Ghonia 22.58%
Others 0.02%

Management

Vipulbhai Ghonia MD
Abhishek Arvindbhai CFO

Registrar & Lead Managers

Lead Managers (1)

Subscription Status

Updated as on 11 Nov 2025 | 05:00:00 PM

BSE SME Subscription Status for Shining Tools IPO
Category Sub (x) Offered Bids
Individual Investor 1.87x 7,12,200 13,32,000
Others 0.43x 7,12,200 3,03,600
Total 1.15x 14,24,400 16,35,600

Frequently Asked Questions

What is Shining Tools IPO?
Shining Tools IPO is a SME IPO having an issue size of ₹17.10 Crs. Shining Tools IPO is priced at ₹114 - ₹114 per share. The issue opens on 07 Nov 25 and closes on 11 Nov 25.
When will Shining Tools IPO open?
Shining Tools IPO opens on 07 Nov 25 and closes on 11 Nov 25.
What is the GMP of Shining Tools IPO?
The estimated Grey Market Premium of Shining Tools IPO is ₹3 per share (2.63%).
What is the lot size of Shining Tools IPO?
The minimum lot size of Shining Tools IPO is 1200 shares & the minimum application amount is Rs. 136800.
When is the allotment of Shining Tools IPO?
The allotment date of Shining Tools IPO is 12 Nov 25.
What is the listing date of Shining Tools IPO?
The listing date of Shining Tools IPO is 14 Nov 25.
What is the subscription of Shining Tools IPO?
Shining Tools IPO is subscribed -.
What is the price band of Shining Tools IPO?
Shining Tools IPO is priced at ₹114 - ₹114 per share.
How to check allotment status of Shining Tools IPO?
Click the allotment link on Shining Tools IPO page of IPO360.
How to apply Shining Tools IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Shining Tools IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Shining Tools IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Shining Tools IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date