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.
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.
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.
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.
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.
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.
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.
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.
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.
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