Sharescart Research Club logo
Apollo Green 72 (28.6%)ASK Investment 895 (-3.2%)AVPL 49 (0%)Bootes Impex 775 (-8.8%)CIAL 442 (-0.5%)CSK 254 (-3.1%)ESDS Software 478 (2.8%)Garuda Aerospace 468 (-2.1%)Goodluck Defence 385 (16%)Hero Motors 325 (0%)Hinduja Leyland 248 (0%)ICL Fincorp 25 (0%)Incred Holdings 154 (2.7%)Kineco Limited 3285 (0%)Lava 60 (15.4%)Market Simplified 26 (-7.1%)Matrix Gas 12 (-20%)Motilal Oswal 12.25 (-2%)MSEI 6.35 (-2.3%)NCDEX 368 (-1.6%)NSE 1985 (-2%)Onix Renewable 68 (21.4%)OYO 23 (-4.2%)OYO Assets 9.25 (-7%)Philips India 1250 (0%)Polymatech Electronics 56 (-3.4%)SBI Mutual 768 (-0.9%)Taparia Tools 6050 (0%)VCI Chemical 64 (0%)Zepto 40 (-4.8%)

15 Days Price Change

Shining Tools IPO

Closing In

  • days
  • Hours
  • Minutes
  • Seconds
Profile
Issue Size 17.1 Cr
Profile
Price Range 114  to  114 per share
Profile
Min Investment ₹114
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Our Company is engaged in the designing and manufacturing of high-performance solid carbide cutting tools catering to various industries in India. Additionally, we provide reconditioning services for used tools, ensuring their extended usability and performance. We specialize 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. Our cutting tools are designed for use on CNC machines such as Horizontal Machining Centres (HMCs), Vertical Machining Centres (VMCs) and turn-mill centres. They operate at high speeds and feed rates, efficiently machining a variety of metals, including cast iron, forgings, steel and aluminium.Our facility at Rajkot manufactures various categories of tools with different technical specifications in respect to shapes, geometries, step diameters, sizes, lengths, etc and of various grades including standard, fine, ultrafine, etc. This establishes us as a comprehensive solution for all cutting tool requirements, backed by our technical expertise, skilled personnel, and the advanced machinery utilized in our production process. Our facility at Rajkot is integrated with each operation thoroughly inspected for quality through our non-contact optical CNC machines to minimise human error and also is monitored by our experienced professionals, ensuring the product quality to meet the quality standards and the specific requirements of our customers. Read More

Basic Info

Face Value 10 per share

Price 114  to  114 per share

P/E (x) 15.8

Sales( Cr.) 15

PAT( Cr.) 3

EPS 7.2

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Vipulbhai Laljibhai Ghonia Kamalbhai Laljibhai Ghonia Jayaben Laljibhai Ghonia Kiranben Vipulbhai Ghonia Pritiben Kamalbhai Ghonia

Pre Issue Share Holding 96.17%

Post Issue Share Holding 70.68%

Listing Details:

Listing Price: 104

Listing Gain: -9.62%

Current Price: 72

Gain On Issue: 72 | 0%

GMP: 15

GMP %: 13.2 %

IPO Tentative Timetable

Opening Date Nov 07, 2025
Closing Date Nov 11, 2025
Allotment Nov 12, 2025
Refund Nov 13, 2025
Delivery of Shares Nov 13, 2025
Listing Date Nov 14, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2400 273,600
Retail (Max) -- -- --
S-HNI (Min) 1 2400 273,600
S-HNI (Max) 3 7200 820,800
B-HNI (Min) 4 9600 1,094,400

Objective of the Issue

1. Purchase and installation of plant and machinery for manufacturing of Carbide Precision Tools at the Existing Premises (factory at Survey no. 63/2, Plot No. 2, Rajkot, Gondal Highway, Pipaliya, Gondal, Rajkot-360 311, Gujarat, India to be referred to as the “Existing Premises”).2. Funding of working capital requirements.3. General corporate purposes

Issue

Category Nos Bid Bid (x)
QIB 0 0 0x
NII 0 379200 0x
Retail 0 1332000 0x
EMP 0 0 0x
Total 0 1711200 0x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Shining Tools Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 10 10 11 15
Other Income 0 0 0 0
Total Income 10 10 11 15
Total Expenditure 8 9 6 8
Operating Profit 2 2 4 7
Interest 1 1 1 1
Depreciation 1 1 1 1
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax -0 -0 2 4
Provision for Tax -0 -0 1 1
Profit After Tax -0 -0 2 3
Adjustments 0 0 0 0
Profit After Adjustments -0 -0 2 3
Adjusted Earnings Per Share -0.5 -0.2 3.9 7

Shining Tools Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 2 2 4 8
Minority's Interest 0 0 0 0
Borrowings 6 5 4 4
Other Non-Current Liabilities -0 -0 -0 0
Total Current Liabilities 10 10 8 7
Total Liabilities 18 17 15 19
Fixed Assets 6 5 5 7
Other Non-Current Assets 0 0 0 0
Total Current Assets 12 11 9 12
Total Assets 18 17 15 19

Shining Tools Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0
Cash Flow from Operating Activities 2 2 4 1
Cash Flow from Investing Activities -0 -0 -1 -3
Cash Flow from Financing Activities -2 -2 -3 1
Net Cash Inflow / Outflow 0 0 0 -0
Closing Cash & Cash Equivalent 0 0 0 0

Shining Tools Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.49 -0.2 3.94 7.05
CEPS(Rs) 2.11 2.13 6.89 10.34
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 5.25 5.05 8.99 19.25
Core EBITDA Margin(%) 18.56 17.64 39.33 43.99
EBIT Margin(%) 8.53 9.93 28.81 34.96
Pre Tax Margin(%) -2.47 -1.02 20.09 27.71
PAT Margin (%) -1.94 -0.77 14.96 19.89
Cash Profit Margin (%) 8.38 8.26 26.19 29.2
ROA(%) -1.08 -0.46 9.98 17.07
ROE(%) -9.29 -3.84 56.08 50.51
ROCE(%) 6.83 8.52 26.83 37.69
Receivable days 145.34 137.9 106.88 92.8
Inventory Days 141.5 131.38 112.86 84.09
Payable days 297.47 413.47 439.67 211.5
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 1.22 1.09 0.87 0.83
EV/Core EBITDA(x) 6.45 5.75 2.18 1.88
Net Sales Growth(%) 0 2.49 2.02 39.88
EBIT Growth(%) 0 19.33 196.04 69.74
PAT Growth(%) 0 59.43 2089.02 86
EPS Growth(%) 0 59.43 2089.04 78.91
Debt/Equity(x) 4.98 4.68 2.1 1.02
Current Ratio(x) 1.15 1.14 1.2 1.72
Quick Ratio(x) 0.78 0.79 0.82 1.18
Interest Cover(x) 0.78 0.91 3.3 4.82
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 36% 14% 0% 0%
Operating Profit CAGR 75% 52% 0% 0%
PAT CAGR 50% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 51% 34% 23% 23%
ROCE Average 38% 24% 20% 20%

Company Contact Information

Shining Tools Ltd.

Sneha Dhaval Shah

91 9687693344

cs@tixnatools.com

Survey No. 63/2, Plot No. 2 Rajkot, Gondal Highway Pipaliya

IPO Lead Manager(s)

Shining Tools Ltd.

Sobhagya Capital Options Ltd

Registrar Info

Shining Tools Ltd.

Accurate Securities & Registry Pvt Ltd.

23, 3rd Floor, Sarthik Complex, Near. Fun Republic, Satellite, Complex, Ahmadabad - 380015

info@accuratesecurities.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

Wealth Icon
Don’t Miss Out on Unlisted Shares

Open your account today and gain instant access to top unlisted shares and pre-IPO opportunities.

whatsapp