59  Total SME IPOs listed in 2025

2,613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Shining Tools Limited IPO Analysis

Shining Tools IPO is a Fixed Price listing on BSE SME exchange. The company is based in Rajkot and caters to Engineering sector. Sobhagya Capital Options is the merchant banker of Shining Tools IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 31st January 2025.

Shining Tools IPO posted revenues of ₹ 10.74 crores and PAT of ₹ 2.79 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 10.77 Cr.
            EBITDA: ₹ 5.76 Cr.
            PAT: ₹ 2.79 Cr.
  • EBITDA Margin: 53.48 %
            Pat Margin: 25.91 %
  • Net Worth: ₹ 4.53 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: [●]
Nature of IPO : SME Upcoming
Exchange : BSE SME
IPO Type : Fixed Price

Shining Tools IPO Financial Performance (Restated)

Financial results of Shining Tools IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Jul-24 FY24 FY23 FY22
Balance Sheet
Assets 17.62 15.05 16.83 18.18
Net Worth 4.53 3.60 2.02 2.10
Total Debt 9.29 7.53 9.46 10.47
Profit & Loss
Revenue
Revenue on annualised basis
3.59
10.77
10.53 10.32 10.07
EBITDA
EBITDA on annualised basis
1.92
5.76
4.15 1.89 1.85
PAT
PAT on annualised basis
0.93
2.79
1.58 -0.08 -0.20
Financials
31-Jul-24
FY24
FY23
FY22
Balance Sheet
Assets
17.62
15.05
16.83
18.18

Net Worth
4.53
3.60
2.02
2.10

Total Debt
9.29
7.53
9.46
10.47

Profit & Loss
Revenue
Revenue on annualised basis
3.59
10.77
10.53
10.32
10.07

EBITDA
EBITDA on annualised basis
1.92
5.76
4.15
1.89
1.85

PAT
PAT on annualised basis
0.93
2.79
1.58
-0.08
-0.20

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Shining Tools IPO Key performance Indicators (KPI)

Shining Tools IPO PAT Margin is 25.91 % , ROCE (Return on Capital Employed) is 11.32 % as per latest financial. The below table shows Shining Tools IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Jul-24 FY24 FY23 FY22
EBITDA Margin (%) 53.48 39.41 18.31 18.37
PAT Margin (%) 25.91 15.00 -0.78 -1.99
EPS (₹) 2.33 3.94 -0.20 -0.49
ROE (%) 20.53 43.89 -3.96 -9.52
ROCE (%) 11.32 8.57 25.85 6.45
ROA (%) 5.28 10.50 -0.48 -1.10
Debt to Equity 2.05 2.09 4.68 4.99
Particulars
31-Jul-24
FY24
FY23
FY22

EBITDA Margin (%)
53.48
39.41
18.31
18.37

PAT Margin (%)
25.91
15.00
-0.78
-1.99

EPS (₹)
2.33
3.94
-0.20
-0.49

ROE (%)
20.53
43.89
-3.96
-9.52

ROCE (%)
11.32
8.57
25.85
6.45

ROA (%)
5.28
10.50
-0.48
-1.10

Debt to Equity (x)  
2.05
2.09
4.68
4.99

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Shining Tools IPO Valuation Metrics

The market Capitalisation of Shining Tools IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
[●]

P/B (times) :
[●]

NAV (₹) :
22.63

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Shining Tools prospectus?

The Shining Tools IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Shining Tools IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Shining Tools IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Shining Tools IPO ?

The post-IPO market capitalisation of Shining Tools IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Shining Tools IPO?

The Shining Tools IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Shining Tools IPO?

Shining Tools IPO reported revenue of ₹ 10.74 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Shining Tools IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Shining Tools IPO?

Shining Tools recorded an EBITDA of ₹ 5.76 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Shining Tools IPO?

Shining Tools Profit After Tax (PAT) is ₹ 2.79 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 10.77 Cr.
            EBITDA: ₹ 5.76 Cr.
            PAT: ₹ 2.79 Cr.
  • EBITDA Margin: 53.48 %
            Pat Margin: 25.91 %
  • Net Worth: ₹ 4.53 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: [●]

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Shining Tools operates in Engineering and . The Issue is listed on BSE SME in May, 2025. Shining Tools IPO size was with Issue price of .

Shining Tools IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Shining Tools IPO listed at a listing price of against the offer price of .

The current market price of Shining Tools is .

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