
Shining Tools IPO Details: Everything You Should Know about
Posted by : sachet | Thu Nov 06 2025

Check Expert’s Verdicts on Shining Tools IPO
The Shining Tools IPO will be open for bidding from November 7th to November 11th. It is a book-building issue of 17.10 crore shares. The issue is entirely a fresh issue of 15,00,000 shares. The IPO is expected to be listed on the BSE and SME with a tentative listing date of 14th November 2025.
Shining Tools IPO Details
The Shining Tools IPO is expected to take place from 7th November 2025 to 11th November 2025. The face value of Shining Tools IPO shares is ₹10 per share, and the IPO price is set at ₹114 per share.
Kfin Technologies Limited is the registrar of the Shining Tools IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
Shining Tools IPO Details
| IPO Open Date | 7th November 2025 |
| IPO Close Date | 11th November 2025 |
| IPO Allotment Date | 12th November 2025 |
| Refund Initiation | 13th November 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹114 per share |
| Lot Size | 1,200 Shares |
| Issue Size | 15,00,000 shares(aggregating up to ₹17.10 Cr) |
| Issue Type | Fixed price IPO |
| Listing At | BSE and SME |
| Listing Date | 14th November 2025 |
Shining Tools IPO Share Reservation
Shining Tools IPO is a Fixed price IPO issue of 17.10 Crore shares. Shining Tools Limited Shares will be listed on the BSE and the SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
| Investor Categories | Shares Offered | % shares of the offered |
| Market Maker Shares Offered | 75,600 | 5.04% |
| NII Shares Offered | 7,12,200 | 47.48% |
| Retail Shares Offered | 7,12,200 | 47.58% |
| Total Shares Offered | 15,00,000 | 100% |
Shining Tools IPO GMP
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Shining Tools IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated L0isting Gains |
| 10-11-2025 | – | – | – | – |
| 9-11-2025 | – | – | – | – |
| 8-11-2025 | – | – | – | – |
| 7-11-2025 | ₹114.00 | ₹0.00 | ₹114.00 | 0.00% |
| 6-11-2025 | ₹114.00 | ₹0.00 | ₹114.00 | 0.00% |
| 5-11-2025 | ₹114.00 | ₹0.00 | ₹114.00 | 0.00% |
| 4-11-2025 | ₹114.00 | ₹0.00 | ₹114.00 | 0.00% |
| 3-11-2025 | ₹114.00 | ₹0.00 | ₹114.00 | 0.00% |
As of November 7, 2025, the Shining Tools IPO GMP stands at ₹0 per share, indicating that the share is likely to list at ₹114 on its tentative listing date, November 14, 2025.
GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Shining Tools IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends.
Shining Tools IPO Review

Review the detailed Shining Tools IPO review for a thorough understanding of its potential to deliver listing gains. The Shining Tools IPO review will help you invest effectively to avoid significant losses. Explore more to make an informed Investment decision on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s economic performance and trends before applying for the Shining Tools IPO.
Shining Tools Limited’s revenue increased by 39% from ₹10.60 crores in March 2024 to ₹14.77 crores in March 2025. Moreover, the company’s PAT increased by 86% from ₹1.58 crores to ₹2.93 crores. Investors can analyse other relevant factors and make a decision accordingly.
Shining Tools Limited’s IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for Shining Tools’ IPO on its tentative listing day.
Technical Analysis
Some technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Shining Tools IPO
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 16.18 |
| EPS (Earnings Per Share) | 7.05 |
| RoNW | 36.60% |
| ROCE | 29.61% |
| ROE | 49.59% |
| EBITDA Margin | 46.86% |
| Price to Book Value | 5.82 |
| Market Capitalisation | ₹64.51% |
The P/E ratio of Shining Tools Limited’s shares is 16.18, and its Earnings Per Share (EPS) is 7.05. Thus, the Shining Tools Limited IPO can deliver gains on its tentative listing day, 14th November 2025
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Shining Tools Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics.
| Indicators | Pre-IPO | Post-IPO |
| PE Ratio | 16.18 | 14.66 |
| EPS | 7.05 | 7.78 |
Shining Tools IPO Subscription Status
The subscription status for the Shining Tools IPO is yet to be announced. Stay informed on this passage to check the live Shining Tools IPO subscription status.
| Investor Category | Shares Offered | Shares Subscribed | Subscription to the Times |
| Market Maker Shares Offered | 75,600 | Yet to be announced | Yet to be announced |
| NII Shares Offered | 7,12,200 | Yet to be announced | Yet to be announced |
| Retail Shares Offered | 7,12,200 | Yet to be announced | Yet to be announced |
| Total Shares Offered | 15,00,000 | Yet to be announced | Yet to be announced |
About the Shining Tools Limited Company Overview

Shining Tools was established in May 2013 and is engaged in the manufacturing and designing of high-quality performance tools for industries in India. The company also provides reconditioning services that improve quality and performance. They deals in manufacturing high-quality tools for industries and offer reconditioning services for automotive, engineering, aerospace, and defence industries.
- Efficiency through Machine-Based Manufacturing Tools.
- Tailored Solutions to customers by Offering Customised Tools.
- Broad and diverse range of product offerings.
- Experienced management and technical expertise of employees.
Shining Tools Limited Financials
The company’s financial analysis is essential before applying for Shining Tools Limited’s IPO. Look at the table to learn about Shining Tools Limited’s financials.
| Year Ended | 31st July 2025 | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 22.51 | 19.64 | 15.05 | 16.83 |
| Revenue | 5.42 | 14.77 | 10.60 | 10.46 |
| Profit After Tax | 1.42 | 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 |
| Reserve and Surplus | 5.53 | 4.06 | 1.60 | 0.02 |
| Total Borrowing | 8.87 | 8.18 | 7.54 | 9.45 |
Explanation
Shining Tools Limited’s revenue increased by 39% from ₹10.60 crores in March 2024 to ₹14.77 crores in March 2025. Moreover, the company’s PAT increased by 86% from ₹1.58 crores to ₹2.93 crores. Investors can analyse other relevant factors and make a decision accordingly.
Shining Tools IPO Promoter Holdings
Have a look at the table below to check the holdings of Shining Tools Limited’s promoters: Mr Vipulbhai Laljibhai Ghonia and Mr Kamalbhai Laljibhai Ghonia.
| Share Holding Pre-Issue | 96.18% |
| Share Holding Post-Issue | 70.68% |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Shining Tools IPO Objectives
The primary objective of the Shining Tools IPO is to raise ₹17.10 crore. However, before applying for the IPO, it is essential to be aware of its secondary objectives. Explore them below
- Purchase and installation of plant and machinery for Carbide Precision Tools at Existing Premises
- Funding of working capital requirements
- General corporate purposes
Should I Invest in Shining Tools IPO?
Explore the pros and cons of Shining Tools IPO to decide whether to apply for it or avoid it. These pros and cons might help you understand the IPO’s potential to deliver profits in the coming decades.
Pros of Shining Tools IPO
- Strong Financial performance
- Good profitability ratios
- Unique product portfolio
- Fund utilisation is growing oriented
- Full industry support for manufacturing growth in India
Cons of the Shining Tools IPO
- Single location operations risk
- High customer concentration risk
- Low liquidity and high volatility risk
- Execution risk in optimising plant and machinery
How to Invest in the Shining Tools IPO?

Please follow the steps outlined below to apply for a position at Shining Tools IPO Limited.
- Step 1: Conduct thorough research on the Shining Tools IPO, including GMP status, subscription status, issue size, lot size, and other relevant details.
- Step 2: Open a demat account with Univest to gain real-time insights into GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Place a bid for two lots of 2,400 shares, valued at ₹2,73,600.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Shining Tools IPO across multiple demat accounts to increase your chances of allotment.
How to Check Shining Tools IPO Allotment Status?
You can check for the Shining Tools IPO allotment in different ways. These include BSE and the registrar portal. Follow the steps below to check your allotment status online.
Check On BSE
- Visit the BSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Shining Tools IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Shining Tools IPO allotment status.
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Final Thoughts
Shining Tools IPO is a Fixed price IPO of ₹17.10 crore. The shares of Shining Tools IPO Limited will be listed on the BSE and SME on its tentative listing date of 14th November 2025. Researching the Shining Tools IPO, including its GMP status and reviews, is highly recommended to secure the profitability you desire. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Stay informed with Univest to get regular updates on the Shining Tools IPO, GMP, subscription, and more!
FAQs on Shining Tools IPO
How is the Shining Tools IPO?
Ans. As of 7th November 2025, the Shining Tools IPO GMP (Grey Market Premium) stands at 0. It indicates that the estimated listing price could be ₹114 per share. It is a book-building IPO of 17.10 crore shares. The face value of each share of Shining Tools IPO Limited is ₹10.
What is Shining Tools’ IPO price?
Ans. The Shining Tools IPO price range is ₹114 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 2,400 shares, worth ₹2,73,600. Moreover, HNIs are required to bid for a minimum of 3 lots (3,600 shares) worth ₹4,10,400.
Is the Shining Tools IPO a good investment?
Ans. Shining Tools Limited’s revenue increased by 39% from ₹10.60 crores in March 2024 to ₹14.77 crores in March 2025. Moreover, the company’s PAT increased by 86% from ₹1.58 crores to ₹2.93 crores. Investors can analyse other relevant factors and make a decision accordingly.
Who will be the registrar of the Shining Tools IPO?
Ans. According to recent updates, Maashitla Securities Private Limited will be the registrar responsible for managing allotment and refund procedures. For any queries regarding the Shining Tools IPO GMP, allotment, and refund, you can contact Maashitla Securities Private Limited at investor.ipo@maashitla.com or +91-11-45121795-96.
What is the issue size of the Shining Tools IPO?
Ans. Shining Tools IPO is a book-building issue of 17.10 crore. Moreover, the IPO is set to open on 7th November 2025 and close on 11th November 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Shining Tools IPO, wait for the Shining Tools IPO RHP and Shining Tools IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.
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