Loading...
Loading IPO details...
SHTL
LISTEDInvestors can bid for minimum 1200 shares (2 lots min for Individual) and in multiples. The table shows min-max investment by Individual and HNI.
| Application | Lots | Shares | Amount |
|---|---|---|---|
Individual(min) | 2 | 2,400 | ₹2.74L |
Individual(max) | 2 | 2,400 | ₹2.74L |
SHNI(min) | 3 | 3,600 | ₹4.10L |
SHNI(max) | 7 | 8,400 | ₹9.58L |
BHNI(min) | 8 | 9,600 | ₹10.94L |
Note: Lot size is 1200 shares at ₹114/share (₹₹1.37L/lot). SME: 2 lots minimum. Limits: Individual ₹0-₹2L, sHNI ₹2L-₹10L, bHNI >₹10L.
Shining Tools Limited, established in 2013 in Rajkot, Gujarat, designs and manufactures high-performance solid carbide cutting tools for diverse industries such as automotive, aerospace, and medical. It operates through two verticals: manufacturing (standardized and customized cutting tools) and reconditioning services (regrinding, re-sharpening, re-coating). The company derives around 69–73% of its revenue from customized tooling and has shown strong growth with advanced manufacturing technology, ERP, and quality certifications. FY25 revenue rose to ₹14.77 crores, and PAT to ₹2.93 crores, representing robust year-over-year growth.[web:1][web:3][web:4][web:5][web:7]
The IPO is backed by a fundamentally decent company with strong growth and profitability, but market sentiment is tepid, subscription is low, and GMP is weak. Valuation is fair relative to recent growth, and proceeds will help the company expand. However, the SME nature, high P/B, and modest demand mean it is suitable only for risk-tolerant investors seeking small listing gains. Conservative investors or those seeking long-term compounding should wait for better visibility post-listing.
Analyst Notes: Automated research generated via Perplexity AI