Shining Tools SME IPO Subscription
ListedUpdated 14 November 2025, 9:15 AM IST· BSE SME
Shining Tools SME IPO subscription closed on 11 November 2025 at 1.15x overall by shares. retail at 1.87x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 12 November 2025. Listing date on NSE and BSE is 14 November 2025.
Shining Tools SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| 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 Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Shining Tools SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 1.87x | 1 in 2 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Shining Tools SME IPO Allotment Status page from 12 November 2025 for your result.
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?
1.15x overall by shares means bids covered about 1 times the shares on offer. Allotment chances depend on applications in each category.
At 1.87x subscription by applications, about 1 in 2 retail applicants may get allotment (~54% chance per application). Retail allotment is also by lottery.
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 (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Shining Tools SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Shining Tools SME Details
Issue size, price, financials, and company info
Shining Tools SME GMP
Live grey market premium and listing estimate
Shining Tools SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Shining Tools SME Allotment
Allotment date, chances, and check by PAN
Shining Tools SME Review
SWOT, strengths, risks, and IPO review
Shining Tools SME FAQ
Common questions on dates, GMP, and allotment
Shining Tools SME Registrar
Registrar website and how to check allotment
Shining Tools SME Timeline
Open, close, allotment, and listing dates
Shining Tools SME News
Updates, blogs, and latest IPO news
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 August 2026, 4:32 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. Retail bids are up to Rs 2 lakh per PAN.
What is Shining Tools SME IPO NII, SHNI, and BHNI subscription?
NII, SHNI, and BHNI subscription for Shining Tools SME IPO will update during the bidding window.
What are Shining Tools SME IPO retail allotment chances?
At 1.87x subscription by applications, about 1 in 2 retail applicants may get allotment (~54% chance per application). Allotment is by lottery.
What are Shining Tools SME IPO SHNI allotment chances?
Shining Tools SME IPO SHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
What are Shining Tools SME IPO BHNI allotment chances?
Shining Tools SME IPO BHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
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?
In Shining Tools SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. 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.
Sources
We match Shining Tools SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.