Shining Tools Limited
IPO Details
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The Initial Public Offering of Shining Tools Limited's culminated in its successful listing on Nov 14, 2025 at the BSE trading platform. The company secured 15,00,000 Shares through this capital market exercise, with 15,00,000 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹114 to ₹114, with minimum investment requirements of 1200 shares. The subscription period from Nov 07, 2025 to Nov 11, 2025 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Nov 12, 2025. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Shining Tools Limited, established in May 2013, is a Rajkot-based manufacturer of high-performance solid carbide cutting tools under the brand “Tixna”, offering a wide range of products like end mills, drills, reamers, and thread mills for industries such as automotive, engineering, aerospace, defense, agriculture, medical, casting, and power. Along with manufacturing, the company also provides reconditioning services to enhance tool life and offer cost-effective solutions to clients. With an ISO 9001:2015 certified quality management system and a modern manufacturing facility in Gujarat, Shining Tools supports both domestic and international markets with precision, durability, and innovative tooling solutions.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Customized Solutions: Designs tailor-made cutting tools for industry-specific needs.
- Wide Product Range: Offers diverse cutting tools and accessories for multiple applications.
- Experienced Team: Promoters bring 20+ years of technical and manufacturing expertise.
- Single Location Dependence: The entire manufacturing is based in one facility at Rajkot, Gujarat — any disruption here can severely affect operations and revenue.
- Business Continuity Risk: Production shutdowns or breakdowns at this single unit could directly impact profitability.
- Regional Concentration: A major share of sales comes from the western region, mainly Gujarat, exposing the company to regional market risks.
- Mr. Vipulbhai Laljibhai Ghonia
- Mr. Kamalbhai Laljibhai Ghonia
Shining Tools Limited
Maashitla Securities Private Limited