News Details

( As on 03/11/2025 16:01)

Shining Tools announces launch of initial public offering

Shining Tools Ltd. has announced public offering of 1500000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 104.00 per share. The gross proceeds of the issue are expected to be Rs 1,710.00 lakhs.

The company's initial public offer (IPO) will open on 07 November 2025 and is expected to close on 11 November 2025, subject to customary closing conditions.

The IPO includes a fresh Issue of 1500000 Equity Shares of the Company at an price of Rs 114.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Shining Tools Ltd. anticipates using the proceeds of the issue for .

Sobhagya Capital Options Pvt. Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.