Shining Tools IPO: Price, GMP, Analysis, And Details

Shining Tools IPO- Company Analysis 

Shining Tools IPO under the SME IPO category is a fixed price issue of Rs. 17.10 Cr by Shining Tools Ltd., which was incorporated in 2013, and focuses on the manufacturing and supply of precision tools and dies. The company serves the automotive, engineering, and heavy machinery industries. It also specialises in press tools, jigs, fixtures, gauges, and machine parts, catering to clients in the domestic and international markets.

Shining Tools has in-house design and R&D facilities and focuses on providing customised solutions. Shining Tools uses advanced CNC and CAD-CAM technology for high precision manufacturing. Shining Tools and the clients, which include reputable OEMs and Tier-1 suppliers in the engineering and auto sectors, have established lasting partnerships.

Shining Tools IPO Details

The Shining Tools IPO date is on 07 November 2025, and its initial public offering will end on 11 Nov with IPO allotment on Nov 12, and refund initiation on Nov 13, 2025.

The Rs. 17.10 crore new SME IPO comprises a wholly fresh issue of 0.15 crore shares.

The Shining Tools IPO listing date (expected) might be on Friday, Nov 14, 2025, and listing at the BSE and SME. 

The Shining Tools IPO price band is Rs. 114.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Nov 07, 2025
IPO Closing Date	Nov 11, 2025
IPO Allotment Date	Nov 12, 2025
Refund Initiation	Nov 13, 2025
IPO Listing Date	Nov 14, 2025

 

Click to open demat account and apply for the IPO.

 

 

Company Financials

(Amount in Cr)

 

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	19.64	15.05	16.83
Total Income	14.77	10.60	10.46
Profit After Tax	2.93	1.58	-0.08
EBITDA	6.23	4.15	1.89
Net Worth	8.01	3.60	2.02
Reserves and Surplus	4.06	1.60	0.02
Total Borrowing	8.18	7.54	9.45

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	118.87	435.55	231.48
Net Cash Flow Investing Activities	(297.27)	(140.02)	(8.80)
Net Cash Flow Financing Activities	149.40	(281.59)	(214.33)

Revenue Bifurcation

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Purchase and installation of plant and machinery for Carbide Precision Tools at Existing Premises. ~ Rs. 9.07 Cr.

• Funding of working capital requirements. ~ Rs. 3.85 Cr.

• General corporate purposes. ~ Rs. 2.48 Cr.

Listed Peers of Shining Tools Ltd.

Company Name	Face Value (Rs. )	EPS (Rs. )	P/E Ratio (x)
Birla Precisions Technologies Limited	2	0.82	56.37

 

Valuation

 

KPI	Values
ROE	49.59%
ROCE	29.61%
RoNW	36.60%
PAT Margin	27.19%
EBITDA Margin	46.86%
Price to Book Value	5.82

 

 

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 7.17 from the last year, the resulting P/E ratio is 15.90x.

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IPO's Strengths

• Strong industry presence in precision tooling and dies with high client retention.

• Healthy growth in revenue and profitability across FY 2023–FY 2025.

• Modern manufacturing units with CNC, VMC, and CAD-CAM technology.

• Experienced promoters and technical management team members.

• Expanding our manufacturing capabilities and product offerings to serve more industries.

IPO’s Weaknesses

• High reliance on the engineering and automotive sectors.

• Businesses that require a lot of working capital.

• Pressure from competitors and customer concentration.
  
  

Shining Tools IPO GMP (Grey Market Premium)

Shining Tools IPO GMP today has not started yet, as of 03 Nov 2025 at the time of writing this information.

Shining Tools IPO Summary

The Shining Tools IPO has a market maker portion size of 75600 Shares (Rs. 0.86 Cr).

IPO Opening & Closing Date	07 Nov, 2025 to 11 Nov, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 114 per Share.
Lot Size	1200 Shares
Issue Size	15,00,000 Shares (Rs. 17.10 Cr)
Offer for Sale	-
Fresh Issue	15,00,000 Shares (Rs. 17.10 Cr)
Listing at	BSE, SME
Issue Type	Fixed price issue IPO
Registrar	Maashitla Securities Pvt.Ltd.

 

 

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,73,600 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (3600 Shares) for Rs. 4,10,400.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

Shining Tools IPO Allotment Status

To check the Shining Tools IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Shining Tools Ltd.

• Mr. Vipulbhai Laljibhai Ghonia

• Mr. Kamalbhai Laljibhai Ghonia.

Pre-Issue Promoter Shareholding	96.18%
Post-Issue Promoter Shareholding	70.68%

 

IPO Lead Managers

• Sobhagya Capital Options Pvt. Ltd.

 

Dividend Policy

The company has not declared a dividend during the last three financial years.

 

Conclusion

Shining Tools Ltd. is a prominent player in the precision tooling sector with consistent financial growth and high profit margins. Shining Tools IPO offers long-term growth potential and a moderate value thanks to its state-of-the-art infrastructure and skilled promoters. 

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.