Shining Tools Limited IPO

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Shining Tools Limited, established in 2013 and headquartered in Rajkot, Gujarat, is engaged in the design and manufacturing of high-performance solid carbide cutting tools. The company caters to diverse industries across India, providing both standardized and customized tooling solutions. With a strong emphasis on innovation, quality, and precision, Shining Tools has emerged as a trusted partner for CNC machining applications.

Business Model

Shining Tools operates through two primary verticals:

1. Manufacturing of Solid Carbide Tools – Both standardized (8–10 days production cycle) and customized tools (1–3 weeks cycle depending on complexity).

2. Reconditioning Services – Regrinding, re-sharpening, and re-coating of tools (including third-party brands) to restore original geometry and performance.

Re-coating services are outsourced to industry leaders like Oerlikon Balzers Coating India Pvt Ltd and Nissin Advanced Coating Indo Pvt Ltd.

Products and Services

The company manufactures a comprehensive range of cutting tools such as end mills, thread mills, drills, and reamers, designed for high-speed machining of materials like solid carbide, steel, aluminium, cast iron, and forgings.
In addition to manufacturing, Shining Tools provides reconditioning services—including regrinding, re-sharpening, and re-coating—to extend tool life and reduce customer costs. About 69% of FY 2024-25 revenue and an average of 53.28% over the past three years comes from customized tool manufacturing.

Technology and Quality Control

Every stage of production—from design to final inspection—is monitored through non-contact optical CNC inspection systems to minimize human error. The company uses advanced design software such as Walter Helitronic Tool Studio and Siemens Powershape for customized tool design.
An in-house ERP system (NativeBit) manages inventory, production, and billing, while a 50 kW rooftop solar plant supports sustainable manufacturing and business continuity.

Brand and Market Position

Operating under its own brand since 2013, Shining Tools has built a reputation for precision engineering and reliability. Its focus on customization, quality control, and client support distinguishes it in India’s precision tooling industry. The company’s consistent performance, technical expertise, and customer-centric approach continue to drive its growth trajectory in the domestic manufacturing sector.

Objects of the Shining Tools Limited IPO:

Company intends to utilize the net proceeds of the Issue to meet the following objects: - 1. Purchase and installation of plant and machinery for manufacturing of Carbide Precision Tools at the Existing Premises (₹9.06  cr) 2. Funding of working capital requirements (₹5.42 cr) 3. General corporate purposes

Shining Tools Limited IPO Details:

Open Date: Nov 07 2025
Close Date: Nov 11 2025
Total Shares: 15,00,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price
Issue Size: 17.10 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 114 Per Equity Share
Listing At: BSE SME
Listing Date: Nov 14 2025

Promoters And Management:

1. Vipulbhai Laljibhai Ghonia – Managing Director, aged 51, Vipulbhai Ghonia is the Promoter and Managing Director of the company. Associated since its inception in 2013, he was re-designated as Managing Director in November 2024. With over 12 years of experience, he oversees financial operations, client relations, HR, and strategic management, driving operational efficiency and organizational growth. 2. Kamalbhai Laljibhai Ghonia – Whole-Time Director, aged 47, Kamalbhai Ghonia is the Promoter and Whole-Time Director. A graduate in Arts from Saurashtra University, he has been with the company since incorporation. With over a decade of expertise in machining, product design, and CNC operations, he plays a vital role in process optimization and innovation, enhancing productivity and efficiency. 3. Abhishek Dobaria Arvindbhai – CFO & Executive Director, aged 31, Abhishek Dobaria serves as the CFO and Executive Director. He holds degrees in Commerce and Law from Saurashtra University. With more than 10 years of experience in finance, he oversees the company’s financial strategy, accounting, and compliance functions, ensuring fiscal discipline and growth.

Financials of Shining Tools Limited IPO:

To be updated shortly

Comparison With Peers:

To be updated shortly

Lead Manager of Shining Tools Limited IPO:

  1. Sobhagya Capital Options Pvt. Ltd.

Registrar of Shining Tools Limited IPO:

  1. Accurate Securities & Registry Private Limited

Discussion on Shining Tools Limited IPO:

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