Shining Tools 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 highperformance 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 highperformance 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 turnmill 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 resharpening and coating services of the used tools in improving the performance of the tools. 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 5axis checks while the other is Zoller Smart Check 450 machine which does 3axis check. The more complex tools in terms of geometrics cuts fruits etc undergoes quality check in 5axis machine while lesser complex tools undergo quality check in 3axis 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 is planning a fresh issue of 1500000 Equity Shares through IPO..