Shining Tools IPO
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Shining Tools IPO details
Schedule of Shining Tools
| Issue open date | 07 Nov 2025 |
| Issue close date | 11 Nov 2025 |
| UPI mandate deadline | 11 Nov 2025 (5 PM) |
| Allotment finalization | 12 Nov 2025 |
| Refund initiation | 13 Nov 2025 |
| Share credit | 13 Nov 2025 |
| Listing date | 14 Nov 2025 |
| Mandate end date | 26 Nov 2025 |
| Lock-in end date for anchor investors (50%) | 12 Dec 2025 |
| Lock-in end date for anchor investors (remaining) | 10 Feb 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Shining Tools
Established in 2013, Shining Tools designs and manufactures high-performance solid carbide cutting tools used across industries in India. Based in Rajkot, they specialize in precision tools like end mills, drills, thread mills, and reamers, used on CNC machines for metal cutting applications. Their advanced facility, equipped with 5 CNC machines and German optical inspection systems, ensures high-quality production backed by ISO 9001:2015 certification.
They offer both standard and customized solutions, with around 69% of FY25 revenue coming from tailor-made tools designed to client specifications. Their expertise extends to reconditioning services, including regrinding, re-sharpening, and re-coating, ensuring tool longevity and enhanced performance. This combination of design capability, technical know-how, and service differentiation positions them as a trusted partner for modern manufacturing needs.
Financials of Shining Tools
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 17.10 |
| Fresh Issue – Proceeds go to the company | 17.10 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase and installation of plant and machinery | 9.07 (53.1%) |
| Working Capital | 3.85 (22.5%) |
| General Corporate Purposes | 2.48 (14.5%) |
Strengths
- Diverse product portfolio catering to multiple industries.
- Advanced CNC and quality inspection machinery for precision manufacturing.
- Experienced in designing customized complex tools.
- Strategic location enabling quick client response.
- Strong design expertise and technical team.
Risks
- High working capital requirements may strain liquidity.
- Heavy reliance on imported carbide subject to policy changes.
- Intense competition from low-cost Chinese products.
- Economic slowdowns may weaken tool demand.
- High machinery costs make scaling capital-intensive
Allotment Status for Shining Tools
To check your IPO allotment status:
- Visit the Maashitla Securities IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Shining Tools
As per media reports (Link), the Grey Market Premium (GMP) of Shining Tools is reported at ₹15 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on November 07, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| NII | 7.12 | 2.47 | 0.35x |
| Retail | 7.12 | 4.51 | 0.63x |
| Total | 14.25 | 6.98 | 0.49x |