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Issue Open Date
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07-Nov-25
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Issue Closing Date
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11-Nov-25
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Application Money
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100
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Allotment Money
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Price Band
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114
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Minimium Application No.
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2400
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Issue Size (Shares)
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1500000
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Market Lot
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1
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Objective
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1. Purchase and installation of plant and machinery for manufacturing of Carbide Precision Tools at the Existing Premises (factory at Survey no. 63/2, Plot No. 2, Rajkot, Gondal Highway, Pipaliya, Gondal, Rajkot-360 311, Gujarat, India to be referred to as the “Existing Premises”).2. Funding of working capital requirements.3. General corporate purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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379200
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Qualified Institutional Buyers
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Retail Individual Investors
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1332000
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Business Description
Our Company is engaged in the designing and manufacturing of high-performance solid carbide cutting tools catering to various industries in India. Additionally, we provide reconditioning services for used tools, ensuring their extended usability and performance. We 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. Our 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.Our facility at Rajkot manufactures various categories of tools with different technical specifications in respect to shapes, geometries, step diameters, sizes, lengths, etc and of various grades including standard, fine, ultrafine, etc. This establishes us as a comprehensive solution for all cutting tool requirements, backed by our technical expertise, skilled personnel, and the advanced machinery utilized in our production process. Our facility at Rajkot is integrated with each operation thoroughly inspected for quality through our non-contact optical CNC machines to minimise human error and also is monitored by our experienced professionals, ensuring the product quality to meet the quality standards and the specific requirements of our customers.
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Promoter's Holding
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Total Share Capital
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3999498
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Offered to Public
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1500000
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Promoter's Holding (Pre-Issue)
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96.17
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Promoter's Holding (Post-Issue)
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70.68
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Address |
Survey No. 63/2
Plot No. 2
Rajkot
Gondal Highway
Pipaliya
Rajkot,
Gujarat,
360311
Phone : 9726744244
Email : info@tixnatools.com
Website : https://www.tixnatools.com/
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Registrar |
Maashitla Securities Pvt Ltd.
451
Krishna Apra Business
Square
Netaji Subhash Place
Pitampura
New Delhi
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Listed at |
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BSE
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Lead Manager |
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Sobhagya Capital Options Ltd
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Promoters |
Jayaben Laljibhai Ghonia
Kamalbhai Laljibhai Ghonia
Kiranben Vipulbhai Ghonia
Pritiben Kamalbhai Ghonia
Vipulbhai Laljibhai Ghonia
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