SHINING TOOLS LIMITED Share price

Shining Tools Limited was originally incorporated as a Public Limited Company in May, 2013 with the Registrar of Companies, Gujarat. The Company commenced the production of Solid Carbide Tools in Rajkot District of Gujarat in 2013 and launched the product under the brand 'TIXNA'. At present, Company is engaged in the designing and manufacturing of high-performance solid carbide cutting tools catering to various industries in India. Additionally, it provide reconditioning services for used tools, ensuring their extended usability and performance. It 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. These 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. Apart from manufacturing standardized tools sets, Company has capabilities to produce customized tools to customers for their specific requirements. To cater to this segment, it has trained professionals who use modern software packages like Walter Helitronic Tool Studio, Siemens Powershape, etc to prepare the design. Once the designing is done, tools are manufactured as per the specification and quality desired. Additionally, Company also provides regrinding, re-sharpening and coating services of the used tools in improving the performance of the tools. In 2013, Company initially started with the trading of cutting tools at Vavadi, an industrial belt in Rajkot. Seeing the scope in tools manufacturing business, Company ventured into the business of cutting tools as well. Also, it served as a natural extension to get into manufacturing as it possess technical and domain knowledge. In 2019, Company shifted its manufacturing unit from Vavadi to Pipaliya due to expansion of business and dearth of space at Vavadi unit. However, Company stopped its trading business subsequently due to the quality issues of other manufacturers and its possible bad impact on its own manufacturing unit. The Company further has two German made machines to inspect the quality of the tools thus produced. One is Zoller Genius- 3s machine which does 5-axis checks while the other is Zoller Smart Check 450 machine which does 3-axis check. The more complex tools in terms of geometrics, cuts, fruits, etc undergoes quality check in 5-axis machine while lesser complex tools undergo quality check in 3-axis machine. These machines draft report in terms of technical specification of tool and forms a major basis in offering quality. The manufacturing plant is located on the Gondal highway which is near to several industrial belts like Shapar, Vavadi, etc. Many small and medium scale industries have set up shop at these industrial locations. The Company launched the IPO by issuing 15,00,000 equity shares of face value of Rs 10 each by raising Rs 17.10 Crores in November, 2025.