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Shining Tools Ltd.

IPO Details
  • Issue Type Fixed Price
  • Price range
  • Market Lot
  • Total Equity Shares 1500000
  • Face Value Rs. 10
  • Listing Date
IPO Timeline
Opening date
Closing date
Listing Date

IPO Details

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 Centres (HMCs), Vertical Machining Centres (VMCs) and turn-mill centres. They operate at high speeds and feed rates, efficiently machining a variety of metals, including cast iron, forgings, steel and aluminium.Our facility at Rajkot manufactures various categories of tools with different technical specifications in respect to shapes, geometries, step diameters, sizes, lengths, etc and of various grades including standard, fine, ultrafine, etc. This establishes us as a comprehensive solution for all cutting tool requirements, backed by our technical expertise, skilled personnel, and the advanced machinery utilized in our production process. Our facility at Rajkot is integrated with each operation thoroughly inspected for quality through our non-contact optical CNC machines to minimise human error and also is monitored by our experienced professionals, ensuring the product quality to meet the quality standards and the specific requirements of our customers.

Projects

1. Project Name: Purchase and installation of plant and machinery for Carbide Precision Tools at Existing Premises

Project Cost: 69.023

2. Project Name: Purchase of Software for Automation

Project Cost: 5.785

3. Project Name: Funding of working capital requirements

Project Cost: 50.192

Promoters

Prmoters Name

1. Vipulbhai Laljibhai Ghonia

2. Kamalbhai Laljibhai Ghonia

Prmoters Holdings
  • Pre Share Capital: 3999498
  • Pre Promoter Holding: 96.18
  • Offer to Public: 1500000
  • Post Share Capital:
  • Post Promoter Holding:

Registrar

Data not availble

Lead Managers

  • Sobhagya Capital Options Ltd

Subscription Details