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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹17.10 Cr |
| Reserved for Market Maker | ₹0.86 Cr |
| Net Issue Size | ₹17.10 Cr |
| Fresh Issue | ₹16.24 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹114.00 per share |
| BSE Code | 544607 |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Managers | Sobhagya Capital Options Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,400 shares · Multiples of 1,200 shares
Incorporated in May 2013, Shining Tools Limited designs and manufactures high-performance solid carbide cutting tools for various industries in India.
The company offers reconditioning services for used tools, enhancing usability and performance.
The company designs and manufactures high-performance solid carbide cutting tools, such as end mills, drills, reamers, and thread mills under the "Tixna" brand.
They create customized tools and offer re-conditioning services for automotive, engineering, aerospace, and defense industries.
The company manufactures high-performance cutting tools, including end mills, thread mills, drills, and reamers, providing innovative solutions. These tools are used in commercial metal cutting across various industries.
The company is ISO 9001:2015 accredited in Quality Management for solid carbide cutting tools.
The company serves various industries, including Agriculture, Automobiles, Engineering, Medical, Casting, Defence, Aerospace, and Power.
The company's manufacturing unit is situated in Rajkot, Gujarat.
As of June 2025, the company has 26 employees on its payroll.
Competitive Strength
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase and installation of plant and machinery for Carbide Precision Tools at Existing Premises | 9.07 |
| 2 | Funding of working capital requirements | 3.85 |
| 3 | General corporate purposes | 2.48 |
| Period Ended | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 22.51 | 19.64 | 15.05 | 16.83 |
| Total Income | 5.42 | 14.77 | 10.60 | 10.46 |
| Profit After Tax | 1.47 | 2.93 | 1.58 | -0.08 |
| EBITDA | 2.53 | 6.23 | 4.15 | 1.89 |
| NET Worth | 9.47 | 8.01 | 3.60 | 2.02 |
| Reserves and Surplus | 5.53 | 4.06 | 1.60 | 0.02 |
| Total Borrowing | 8.87 | 8.18 | 7.54 | 9.45 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 49.59% |
| ROCE | 29.61% |
| RoNW | 36.60% |
| PAT Margin | 27.19% |
| EBITDA Margin | 46.86% |
| Price to Book Value | 5.82 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.05 | 7.78 |
| P/E (x) | 16.18 | 14.66 |
| Promoter Holding | 96.18% | 70.68% |
| Market Cap | ₹64.51 Cr. | |
