Shining Tools
Listed
Listed
IPO Timeline
Issue open date
7 Nov 2025Issue close date
11 Nov 2025UPI mandate deadline
11 Nov 2025Allotment finalization
12 Nov 2025Refund initiation
13 Nov 2025Share credit
13 Nov 2025Listing date
14 Nov 2025Mandate end date
26 Nov 2025Lock-in end date for anchor investors (50%)
12 Dec 2025Lock-in end date for anchor investors (remaining)
10 Feb 2026Grey Market Premium Trend
₹3
Current GMP
₹117
Est. Listing Price
2.6%
Est. Listing Gain
₹114 - ₹114
Price Band
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 10 Nov | ₹3 | ₹117 | 2.63% |
| 9 Nov | ₹3 | ₹117 | 2.63% |
| 8 Nov | ₹2 | ₹116 | 1.75% |
| 7 Nov | ₹2 | ₹116 | 1.75% |
| 6 Nov | ₹7 | ₹121 | 6.14% |
| 5 Nov | ₹15 | ₹129 | 13.16% |
| 4 Nov | ₹0 | ₹114 | 0.00% |
| 3 Nov | ₹0 | ₹114 | 0.00% |
| 2 Nov | ₹0 | ₹114 | 0.00% |
Key Dates
Open
7 Nov 2025Close
11 Nov 2025Listing
14 Nov 2025Quick Stats
Issue Size:17cr
Lot Size:1200 shares
About the Company
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.
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
Shining Tools IPO – Frequently Asked Questions
- The price band for the Shining Tools IPO is set at ₹114 to ₹114 per share.
- The Shining Tools IPO opens on November 7, 2025 and closes on November 11, 2025.
- The tentative listing date for the Shining Tools IPO is November 14, 2025.
- You can apply for the Shining Tools IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Shining Tools, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Shining Tools IPO is 1200 shares. Investors must apply for at least one lot (i.e., 1200 shares).