Shining Tools Share Price: BSE SME Listing Slips 9% Below Issue Price

The market opened today with a muted mood for the newly listed Shining Tools on the BSE SME platform.

The stock stepped into the market at ₹104 per share, slipping 8.8% below its issue price of ₹114—a debut that clearly reflects weak listing sentiment.

This debut instantly placed Shining Tools' share price under the spotlight, especially for investors tracking SME listings, IPO activity, and the stock market today.

Market Performance: Weak Debut on BSE SME

The listing came as a surprise for many in the market who were watching the SME segment closely.

Shining Tools' share price today opened at a discount, signalling soft demand at the opening bell.

Key Market Highlights

• Listing price: ₹104 per share
• Issue price: ₹114 per share
• Listing fall: 8.8%
• Platform: BSE SME

The stock’s entry at a lower level set the tone for the session, placing the newly listed company under immediate investor scrutiny.

Main News: Subscription, Issue Structure & IPO Overview

The Shining Tools IPO ran from November 7 to November 11, offering investors a chance to bid for shares with a face value of ₹10.

The IPO was priced at ₹114 per share, and investors had to apply for a minimum of 1,200 shares, with bids allowed only in multiples of this lot size.

By the final day of bidding, the IPO logged a subscription of 1.15 times—an indication of moderate demand during the issue window.

Shining Tools IPO Details

Here’s a quick look at the numbers, keeping it simple and clear:

• IPO fundraise: ₹17.10 crore
• Issue type: 100% fresh issue
• Fresh shares issued: 15 lakh shares.
• Post-issue equity: 56.58 lakh shares
• Implied valuation: Approximately ₹64.5 crore

Use of IPO Funds

The company has clearly defined how the raised capital will be used:

• ₹9.07 crore → New machinery for carbide precision tools
• ₹3.85 crore → Working capital needs
• ₹2.48 crore → General corporate purposes

Each allocation points toward operational expansion and strengthening of in-house capabilities.

Company Details: What Shining Tools Does

Shining Tools operates in a niche yet critical part of India’s manufacturing ecosystem—high-performance solid carbide cutting tools.

The company builds a diverse lineup of tools designed to serve key industries, including automotive, engineering, aerospace, and defense.

Core Operations & Product Offerings

• Designs and manufactures solid carbide cutting tools
• Offers refurbishment and reconditioning services for used tools
• Provides sector-specific, customized cutting tools

Product Range Under Its Brand “Tixna”

• End mills
• Drills
• Reamers
• Thread mills

These tools support a wide range of commercial metal-cutting operations, making the company a relevant supplier to multiple industries that depend on precision and durability.

Summary

Shining Tools made a weak debut on the BSE SME, with the share price opening 9% below the issue price.

The company’s IPO had raised ₹17.10 crore, supported by a 1.15x subscription, and the funds are aimed at boosting machinery capacity, working capital, and general corporate needs.

While the listing sentiment turned out soft, the company remains tied to industrial sectors where precision tools play a crucial role, and its broad product line—from end mills to thread mills—positions it firmly within India’s manufacturing chain.