Shining Tools IPO

About Shining Tools IPO

Shining Tools IPO comprises a fresh issue of up to 15,00,000 equity shares aggregating up to ₹17.10 crores. It has no offer for sale. The IPO is a fixed price issue.

Shining Tools IPO opens on November 7, 2025 and closes on November 11, 2025. The allotment of shares will take place on November 12, 2025. The credit of shares to the demat account will take place on November 13, 2025. The initiation of refunds will also take place on November 13, 2025. The listing of shares will take place on November 13, 2025.

Shining Tools is engaged in the designing and manufacturing of high-performance solid carbide cutting tools catering to various industries in India. Additionally, it provides reconditioning services for used tools, ensuring their extended usability and performance.

Objectives of Shining Tools IPO

The company proposes to utilise the IPO proceeds for:

• Purchasing and installing plant and machinery for carbide precision tools at existing premises
  
• Find working capital requirements
  
• General corporate purposes
  

Industry Outlook

The Indian cutting tools market produces a wide range of tools such as saw blades, taps, reamers, hobs, chasers, broaches, rolling dies, drills, end mills, cutters, burrs, other gear cutting tools, tool bits, tips/inserts and many more. The market has witnessed extensive growth in the last two decades. The demand was driven by industries like construction, automotive, railway network, engineering, and defence.

The India machine tools market size reached US$ 1.5 billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.2 billion by 2032, exhibiting a growth rate (CAGR) of 8.2% during 2024-2032.

Shining Tools Company Information

Shining Tools is engaged in the designing and manufacturing of high-performance solid carbide cutting tools catering to various industries in India. Additionally, it provides reconditioning services for used tools, ensuring their extended usability and performance.

The company specialises in producing a wide range of high-performance cutting tools, including end mills, thread mills, drills, and reamers, offering innovative tooling solutions. These tools are widely used in commercial metal cutting operations across multiple industries.

Strengths of Shining Tools

• 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
  
• Strategic location
  
• Quality assurance
  
• Good relationship with clients
  
• Good relationship with raw material suppliers and other vendors
  

Risks of Shining Tools

• Any interruption for a significant period of time in facilities in Gujarat may in turn adversely affect business
  
• Any disruption in the operation of the single manufacturing facility may have a material adverse effect on business
  
• Historical revenues have been largely dependent on few customers
  
• Results of operations and cash flows could be adversely affected, if the company is unable to collect dues and receivables from or invoice unbilled services to its clients
  
• Majority portion of domestic sales are derived from the western zone and any adverse developments in this market could adversely affect business
  
• Company may incur penalties or liabilities for non-compliance with certain provisions of the GST Act, Income Tax, and other applicable laws in previous years
  
• Volatility in the supply and pricing of raw materials, or failure by suppliers to meet their obligations, may have an adverse effect on business
  
• In case of delay in placing orders or if vendors are unable to provide plant and machineries in a timely manner, the same may result in time and cost over-runs
  

Anchor Investor Bidding Date

TBA

IPO Registrar and Book Running Lead Manager

• IPO Registrar: Maashitla Securities
  
• Book Running Lead Manager: Sobhagya Capital Options
  

Shining Tools Business Model

Engaged in the designing and manufacturing of high-performance solid carbide cutting tools, Shining Tools specialises in producing a wide range of high-performance cutting tools, including end mills, thread mills, drills, and reamers. The product offerings of the company include:

• End mills
  
• Drill series
  
• Milling cutters
  
• Spherical ball tool
  
• Irrigation carbide tool
  
• Profile carbide tools
  

Shining Tools Growth Trajectory

The company’s revenue from operations grew from ₹10.3215 crores in FY 23 to ₹14.7288 crores in FY 25. Its EBITDA margin grew from 18.27% in FY 23 to 42.28% in FY 25, while PAT margin grew from (0.77%) in FY 23 to 19.89% in FY 25. Strategic location, quality assurance and good relationships with clients, raw material suppliers and other vendors have played a vital role in the company’s growth over the years.

Shining Tools Market Position

Shining Tools is an ISO 9001:2015 accredited Quality Management System for manufacturing solid carbide based cutting tools. ISO accreditation is a testament to its quality offerings. Its manufacturing facility at Rajkot is well-equipped technologically to meet the quality requirements of its clients. Its manufacturing facility is spread over 5,400 sqft and operates in two shifts with dedicated workers on each machine supported by supervisors.

How to Check Allotment Status of Shining Tools?

1. Visit the Registrar’s Website

• Go to the official website of Maashitla Securities
  
• Choose ‘Public’ Issues from ‘Allotment Status’
  
• Select Company Name and enter either your PAN No, Application No or Demat Account No
  
• Click on ‘Submit’ to know the status
  

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the ‘Investor Services’ tab. Under ‘Investors Services’, click on ‘Status of Issue Application’. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Choose the Issue Type
  
• Select the Issue Name from dropdown
  
• Put in either your application number or PAN number
  
• Check the box ‘I’m not a robot’
  
• Click on ‘Search’ to know allotment status
  

How to Apply for the Shining Tools IPO?

• Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Specify IPO details - Enter the number of lots and the price you wish to apply for.
  
• Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  
• Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.