The initial public offer (IPO) of Shining Tools received bids for 17,11,200 shares as against 15,00,000 shares on offer. The issue was subscribed 1.14 times.
Non-Institutional Investors (NIIs) for 3,79,200 shares, Retail Individual Investors (RIIs) placed bids for 13,32,000 shares.
The issue opened for bidding on 07 November 2025 and it closed on 11 October 2025. The price band of the IPO was fixed at Rs 114 per share. The equity shares will list on BSE’s SME platform.
The IPO comprised fresh issue of 15,00,000 equity shares. The promoter and promoter group shareholding diluted to 70.68% from 96.17% pre-issue.
The company intends to utilize the net proceeds for purchase and installation of plant and machinery for manufacturing of carbide precision tools at the existing premises, funding of working capital requirements and General corporate purposes.
Shining Tools is engaged in the design and manufacturing of high-performance solid carbide cutting tools catering to various industries across India. Additionally, it provides reconditioning services for used tools, ensuring extended usability and consistent performance. The company specializes 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. Shining Tools’ cutting tools are designed for use on CNC machines such as Horizontal Machining Centers (HMCs), Vertical Machining Centers (VMCs), and turn-mill centers. It operates at high speeds and feed rates, efficiently machining a variety of metals, including carbide, cast iron, forgings, steel, and aluminium. The company had total 27 employees.
The company recorded revenue from operations of Rs 5.40 crore and net profit of Rs 1.47 crore for the period ended 31 July 2025.