Shining Tools IPO description – Shining Tools specializes in the design and manufacture of high-performance solid carbide cutting tools for various industries in India. The company also offers reconditioning services for used tools, enhancing their longevity and performance. Shining Tools produces a diverse array of cutting tools, including end mills, thread mills, drills, and reamers, providing innovative tooling solutions tailored to meet industry needs.
These tools are extensively utilized in commercial metal-cutting operations across various industries. Designed for compatibility with CNC machines such as Horizontal Machining Centres (HMCs), Vertical Machining Centres (VMCs), and turn-mill centers, these cutting tools operate at high speeds and feed rates. They efficiently machine a wide range of metals, including cast iron, forgings, steel, and aluminum.
Shining Tools operates under the brand name Tixna, which was established in 2013. The company utilizes two German-made machines for quality inspection of its cutting tools. The Zoller Genius-3s machine performs 5-axis checks for more complex tools, while the Zoller Smart Check 450 machine conducts 3-axis checks for simpler designs. Tools with intricate geometries and cuts are evaluated using the 5-axis machine, whereas less complex tools are assessed with the 3-axis machine.
Promoters of Shining Tools – Mr. Vipulbhai Laljibhai Ghonia, Mr. Kamalbhai Laljibhai Ghonia, Mrs. Jayaben Laljibhai Ghonia, Mrs. Kiranben Vipulbhai Ghoni,a and Mrs. Pritiben Kamalbhai Ghonia
Table of Contents
Shining Tools Offer Details
| Shining Tools IPO Dates | 7 – 11 November 2025 |
| Shining Tools Issue Price | INR 114 per share |
| Fresh Issue | 15,00,000 shares (INR 17.10 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 15,00,000 shares (INR 17.10 crore) |
| Minimum Bid | 2,400 shares (INR 2,73,600) |
| Lot Size | 1,200 shares (INR 1,36,800) |
| Face Value | INR 10 per share |
| Individual Allocation | 50% |
| Listing On | BSE SME |
Shining Tools Financial Performance
| FY 2023 | FY 2024 | FY 2025 | 4M FY 2026 | |
| Revenue | 10.32 | 10.53 | 14.73 | 5.40 |
| Expenses | 10.56 | 8.49 | 10.69 | 3.46 |
| Net income | (0.08) | 1.58 | 2.93 | 1.47 |
Shining Tools Offer News
- Shining Tools RHP
- Shining Tools Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Shining Tools Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | (0.20) | 3.94 | 7.17 |
| PE ratio | – | – | 15.90 |
| RONW (%) | (3.92) | 43.80 | 36.60 |
| NAV | 5.05 | 8.99 | 19.60 |
| ROCE (%) | 8.32 | 26.64 | 29.61 |
| EBITDA (%) | 18.27 | 39.40 | 42.28 |
Shining Tools IPO GMP Today
| Date | Consolidated IPO GMP | Subject to Sauda |
| 13 November 2025 | 3 | 2,000 |
| 12 November 2025 | 3 | 2,000 |
| 11 November 2025 | 3 | 2,000 |
| 10 November 2025 | 4 | 3,100 |
| 8 November 2025 | 7 | 6,500 |
| 7 November 2025 | 12 | 13,500 |
Shining Tools IPO Subscription – Live Updates
| Category | Non-Individual | Individual | Total |
|---|---|---|---|
| Shares Offered | 7,12,200 | 7,12,200 | 14,24,400 |
| 11 Nov 2025 | 0.53 | 1.87 | 1.20 |
| 10 Nov 2025 | 0.41 | 1.24 | 0.83 |
| 7 Nov 2025 | 0.35 | 0.63 | 0.49 |
The market maker reservation portion of 75,600 shares is not included in the above calculations.
Shining Tools IPO Allotment Status
Shining Tools IPO allotment status is now available on the Maashitla Securities website. Click on this link to get the allotment status.
Shining Tools IPO Dates & Listing Performance
| IPO Opening Date | 7 November 2025 |
| IPO Closing Date | 11 November 2025 |
| Finalization of Basis of Allotment | 12 November 2025 |
| Initiation of refunds | 13 November 2025 |
| Transfer of shares to demat accounts | 13 November 2025 |
| IPO Listing Date | 14 November 2025 |
| Opening Price on BSE SME | INR 104 per share (down 8.77%) |
| Closing Price on BSE SME | INR 98.80 per share (down 13.33%) |
Shining Tools Offer Lead Manager
SOBHAGYA CAPITAL OPTIONS PRIVATE LIMITED
C-4 to C-11, Gate No-01, Hosiery Complex,
Phase-II Extension, Noida 201305
Phone: +91 7836066001
Email: [email protected]
Website: www.sobhagyacap.com
Shining Tools Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: [email protected]
Website: www.maashitla.com
Shining Tools Contact Details
SHINING TOOLS LIMITED
Survey no. 63/2, Plot No. 2, Rajkot, Gondal Highway,
Pipaliya, Gondal, Rajkot-360 311, Gujarat, India
Phone: +91 9726744244
E-mail: [email protected]
Website: www.tixnatools.com
IPO FAQs
What is the Shining Tools offer size?
Shining Tools offer size is INR 17.10 crores.
What is the Shining Tools offer price band?
Shining Tools public offer price is INR 114 per share.
What is the lot size of the Shining Tools IPO?
Shining Tools offer lot size is 1,200 shares.
What is Shining Tools IPO GMP today?
Shining Tools IPO GMP today is INR 3 per share.
What is the Shining Tools kostak rate today?
Shining Tools kostak rate today is INR NA per application.
What is Shining Tools IPO Subject to Sauda rate today?
Shining Tools Subject to Sauda rate today is INR 2,000 per application.