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IPO-Insights

Shining Tools Ltd IPO – Subscription Status, Dates, and How to Apply

Anshika Posted on November 07, 2025

Get complete insights into the Shining Tools Ltd IPO, including daily subscription data, issue details, and how to apply through ASBA or UPI.

The Shining Tools IPO, valued at ₹17.10 crore, opened on November 7, 2025, as an SME fixed-price issue. The company manufactures precision cutting and shaping tools used across industrial and engineering sectors.

Shining Tools Ltd IPO Subscription Status

On its opening day, the Shining Tools Ltd IPO saw moderate participation from retail investors, reflecting cautious optimism in the SME manufacturing and industrial tools segment. The issue, which opened for bidding on November 7, 2025, is expected to gain further traction as the subscription window progresses. The IPO remains open for subscription until November 11, 2025.

Day 1 Subscription Status (November 7, 2025)

On the first day, the IPO witnessed moderate retail response while institutional and NII participation remained limited, taking total subscription to 0.20x.

Investor Category	Subscription (Times)
Qualified Institutional Buyers (QIB)	0.40x
Non-Institutional Investors (NII)	0.01x
Total	0.20x

Retail investors dominated the early bidding, accounting for nearly all the demand on Day 1.

Shining Tools Ltd IPO Price Band and Lot Size

The Shining Tools Ltd IPO is a fixed-price issue offered at ₹114 per equity share, carrying a face value of ₹10 per share. Investors can apply for a minimum of 1,200 shares (1 lot) and in multiples of 1,200 shares thereafter.

At the fixed price, one lot requires an investment of ₹1,36,800, positioning the issue within reach for retail and small HNI investors interested in India’s growing industrial tools and manufacturing space.

The lot design supports broad-based participation — from smaller investors looking for stable SME exposure to experienced traders keen on India’s industrial production recovery and precision engineering growth.

Investor Category	Lots	Shares	Amount (₹)
Retail (Min/Max)	1	1,200	₹1,36,800
S-HNI (Min)	2	2,400	₹2,73,600
S-HNI (Max)	8	9,600	₹10,94,400
B-HNI (Min)	9	10,800	₹12,31,200

The fixed pricing structure ensures transparency and simplicity, attracting a wide spectrum of investors eager to participate in the SME segment’s expanding opportunities.

For complete updates on pricing, subscription, and allotment timelines, visit the Shining Tools IPO page on Bajaj Markets.

Shining Tools Ltd IPO Schedule

Here’s the complete IPO timeline, detailing all major events for investors — from the bidding period to the stock’s market listing:

Event	Date	Details
IPO Open Date	November 7, 2025	Subscription opens
IPO Close Date	November 11, 2025	Final day to apply
Basis of Allotment	November 12, 2025	Allotment finalisation
Refund Date	November 13, 2025	Refunds initiated
Credit of Shares	November 13, 2025	Shares credited to Demat
Listing Date	November 14, 2025	Market debut on SME exchange

Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.

How to Apply for Shining Tools Ltd IPO

Investors can apply for the Shining Tools Ltd IPO using ASBA (via Net Banking) or UPI (through broker platforms). Both are SEBI-approved mechanisms that offer a simple, digital, and secure application process.

Through ASBA (Net Banking)

Here’s how you can apply using your bank’s ASBA service:

Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Shining Tools Ltd IPO’ from the available list.
Enter your bid details, including the number of lots and bid price.
Confirm and submit your application.
The bid amount will be blocked in your account until allotment.
Once the shares are allotted, the amount will be debited, and shares will appear in your Demat account.

Through UPI via Broker Platforms

Alternatively, you can apply through your broker’s app or trading platform via UPI:

Log in to your Demat account or trading account.
Navigate to the IPO section and select ‘Shining Tools Ltd IPO’.
Fill in your application details (lots and price).
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request through your UPI app (e.g., BHIM, Google Pay, PhonePe).
The application funds will remain blocked until allotment and debited only if shares are allotted.
Once allotted, the shares will be credited to your Demat account.

Disclaimer

The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.

Sources

LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner

Hi! I’m Anshika

Financial Content Specialist

Anshika brings 7+ years of experience in stock market operations, project management, and investment banking processes. She has led cross-functional initiatives and managed the delivery of digital investment portals. Backed by industry certifications, she holds a strong foundation in financial operations. With deep expertise in capital markets, she connects strategy with execution, ensuring compliance to deliver impact.