IPO - Initial Public Offerings

 SHTL

  

SHINING TOOLS LTD. IPO

07 Nov, 10:00 AM

Issue Open

11 Nov, 05:00 PM

Issue Close

1200

Lot Size

₹ 114.00 – ₹ 114.00

Price Range

IPO Issue Details

Issue size 17.10 Cr
Market Price 114.00
Registrar Aftertrade Broking Pvt.Ltd.
Face Value RS.10 /- Per share
Listing at BSE

About

SHINING TOOLS LTD. IPO
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, Defense, 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.

IPO Lot Size

Category Lots Shares Amount
Retail (Min) 2 2400 ₹ 2,73,600.00
Retail (Max) 2 2400 ₹ 2,73,600.00
S-HNI (Min) 3 3600 ₹ 4,10,400.00
S-HNI (Max) 8 9600 ₹ 10,94,400.00
B-HNI (Min) 9 10800 ₹ 12,31,200.00

IPO TimeLine

Open Date 07-Nov-2025
Close Date 11-Nov-2025
Basis of Allotment Date 12-Nov-2025
Initiation of Refunds 13-Nov-2025
Credit Shares to Demat A/c 13-Nov-2025
IPO Listing Date 14-Nov-2025