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₹114 - 114
Shining Tools Ltd
Capital Goods-Non Electrical EquipmentIPOSME
₹114 - 114
Our Company is engaged in the designing and manufacturing of high-performance solid carbide cutting tools catering to various industries in India. Additionally, we provide reconditioning services for used tools, ensuring their extended usability and performance. We specialize 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. Our cutting tools are designed for use on CNC machines such as Horizontal Machining Center's (HMCs), Vertical Machining Center's (VMCs) and turn-mill centers. They operate at high speeds and feed rates, efficiently machining a variety of metals, including solid carbide, cast iron, forgings, steel, and aluminium.
Lot1,200Min Invest₹2,73,600Face Value₹10Issue Size₹17 CrFresh Issue₹17 CrListing Price₹104CMP₹154
Timeline
7 Nov
Bidding opens
11 Nov
Bidding closes
12 Nov
Allotment
13 Nov
Refund & demat credit
14 Nov
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹17 Cr0.15 Cr shares
Fresh Issue₹17 Cr
Face Value₹10
Lot Size1,200 shares
ReservationNII 50% · RETAIL 50%
Application Sizes
Retail₹2,73,6001-1 lots
sNII₹2,73,600from 2 lots
bNII₹10,94,400from 8 lots
Managers & Registrar
Lead ManagerSobhagya Capital Options Pvt Ltd
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group96.17%70.68%Public3.83%29.32%
Objects of the Issue
- Purchase and installation of plant and machinery for carbide precision tools at existing premises
- Purchase of software for automation
- Funding of working capital requirements
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 10 | 10 | 11 | 15 | 18 |
| Operating ProfitCr | 2 | 2 | 4 | 6 | 7 |
| OPM% | 18.8 | 17.6 | 39.3 | 42.7 | 36.5 |
| PBTCr | 0 | 0 | 2 | 3 | 5 |
| PATCr | 0 | 0 | 2 | 2 | 4 |
| EPS | 0 | 0 | 4 | 4 | 8 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 2 | 2 | 2 | 4 | 6 |
| ReservesCr | 0 | 0 | 2 | 4 | 20 |
| BorrowingsCr | 10 | 9 | 8 | 8 | 6 |
| Total AssetsCr | 19 | 17 | 15 | 20 | 36 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 2 | 2 | 3 | 1 | 1 |
| Investing Cash FlowCr | 0 | 0 | -1 | -3 | -12 |
| Financing Cash FlowCr | -2 | -2 | -2 | 1 | 11 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Efficiency through Machine-Based Manufacturing Tools.
- Tailored Solutions to customers by Offering Customized Tools.
- Wide and diverse range of product offerings.
- Experienced management and technical expertise of employees.
- Strategic Location.
- Quality Assurance.
Strategies · as stated in the DRHP
- Expand our scope by adding more products.
- Broaden and deepen presence in existing product portfolio.
- Develop distributors network.
- Start with new Re-conditioning facility.
- Develop our export division.
- Increase by targeting unexplored markets within India.
Risks · as stated in the DRHP
- Its manufacturing facility and the company's registered office is situated at Survey no. 63/2, Plot No. 2, Rajkot, Gondal Highway, Pipaliya, Gondal, Rajkot-360311, Gujarat, India resulting in concentration in a single region. Any interruption for a significant period of time, in these facilities may in turn adversely affect the company business, financial condition and results of operations.
- We have only one Manufacturing Facility, continued operations of our manufacturing facility is critical to our business and any disruption in the operation of our manufacturing facility may have a material adverse effect on our business, results of operations and financial condition.
- The company's historical revenues have been largely dependent on few customers and the company inability to maintain such business may have an adverse effect on its results of operations.
- Our results of operations and cash flows could be adversely affected, if we are unable to collect our dues and receivables from, or invoice our unbilled services to, our clients.
- Majority portion of our domestic sales are derived from the western zone and any adverse developments in this market could adversely affect our business.
- Statutory records, including filings with the Registrar of Companies, are presently untraceable, particularly with respect to documentation evidencing one instance of historical share allotment.