Shining Tools SME IPO Subscription Status
Shining Tools SME IPO closed on 11 November 2025 with an overall subscription of 1.15x based on shares applied. retail at 1.87x.
Allotment will be finalised on 12 November 2025. The stock is scheduled to list on NSE and BSE on 14 November 2025.
Issue Price
Rs 114.00
GMP Today
-
Overall Subscription
1.15x
Issue Size
₹16.24 Cr
Allotment Date
12 Nov 2025
Listing Date
14 Nov 2025
Shining Tools SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 114.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| Other | Rs 8.12 Cr | Rs 4.32 Cr | 0.53x |
| NII | - | Rs 4.32 Cr | - |
| bNII (above Rs 10L) | - | Rs 2.08 Cr | - |
| sNII (Rs 2L to Rs 10L) | - | Rs 2.24 Cr | - |
| IND | Rs 8.12 Cr | Rs 15.18 Cr | 1.87x |
| Fixed price | - | Rs 15.18 Cr | - |
| Total | Rs 16.25 Cr | Rs 19.51 Cr | 1.20x |
Shining Tools SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| Other | 198 | 56 | 0.28x |
| NII | - | 56 | - |
| bNII (above Rs 10L) | - | 4 | - |
| sNII (Rs 2L to Rs 10L) | - | 52 | - |
| IND | 297 | 555 | 1.87x |
| Fixed price | - | 555 | - |
| Total | 495 | 611 | 1.23x |
What Do These Subscription Numbers Mean?
A subscription of 1.15x by shares means the IPO received bids for 1 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
At 1.87x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~54% per application). Retail allotment is done by lottery when oversubscribed.
Shining Tools SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 1.87x.
- •Allotment odds: about 1 in 2 (~54% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
Check the Shining Tools SME IPO Allotment Status page from 12 November 2025 for your allotment result.
Shining Tools SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 7 Nov 2025 | - | 0.35x | 0.63x | 0.49x |
| Day 2 - 10 Nov 2025 | - | 0.31x | 1.22x | 0.76x |
| Day 3 - 11 Nov 2025 | - | 0.43x | 1.87x | 1.15x |
Shining Tools SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 7 November 2025 |
| IPO Close Date | 11 November 2025 |
| Allotment Date | 12 November 2025 |
| Refund Initiation | 13 November 2025 |
| Share Credit to Demat | 13 November 2025 |
| Listing Date | 14 November 2025 |
| Minimum Investment | Rs 2,73,600.00 |
| Lot Size | 1200 shares |
About Shining Tools SME
Shining Tools Limited, established in May 2013, is a manufacturer and reconditioner of high-performance solid carbide cutting tools under the **“Tixna”** brand. The company produces various tools like **end mills, drills, reamers, and thread mills**, which are essential for metal cutting operations in diverse industries such as **automotive, engineering, aerospace, and defense**. Shining Tools also offers custom tool design and **reconditioning services** to extend the life and performance of used tools.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Shining Tools SME IPO Subscription FAQs
What is Shining Tools SME IPO subscription status today?
Shining Tools SME IPO subscription closed on 11 November 2025 with overall subscription of 1.15x (by shares) as of 27 June 2026, 2:47 AM IST. QIB N/A, NII N/A, IND 1.87x.
What is the overall subscription of Shining Tools SME IPO?
Shining Tools SME IPO is subscribed 1.15x overall by shares at close on 11 November 2025. QIB N/A, NII N/A, and IND 1.87x.
What is Shining Tools SME IPO QIB subscription?
QIB subscription for Shining Tools SME IPO will appear here once institutional bids are recorded.
What is Shining Tools SME IPO IND subscription?
Shining Tools SME IPO IND subscription is 1.87x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Shining Tools SME IPO NII subscription?
NII subscription for Shining Tools SME IPO will be updated during the subscription window.
What are allotment chances in Shining Tools SME IPO for retail?
At 1.87x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~54% per application). Allotment is done by lottery.
When is Shining Tools SME IPO allotment date?
Shining Tools SME IPO allotment date is 12 November 2025. Check Shining Tools SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Shining Tools SME IPO subscription close?
Shining Tools SME IPO subscription closed on 11 November 2025. No new applications are accepted after the close.
What is Shining Tools SME IPO GMP today?
GMP for Shining Tools SME IPO is not available yet. Track Shining Tools SME IPO GMP Today on IPOwiz once grey market activity starts.
What is Shining Tools SME IPO issue price and lot size?
Shining Tools SME IPO issue price is ₹114 per share. Lot size is 1200 shares. Minimum investment is ₹2,73,600 per lot (minimum 2 lots for SME). Issue size: ₹16.24 Cr.
When is Shining Tools SME IPO listing date?
Shining Tools SME IPO listing date is 14 November 2025 on NSE and BSE. Allotment is on 12 November 2025.
How does subscription affect Shining Tools SME IPO allotment?
Allotment odds in Shining Tools SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 1.15x overall, competition is moderate.
For allotment results from 12 November 2025, visit the Shining Tools SME IPO Allotment Status page. For listing day updates on 14 November 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.