Shining Tools IPO Sees Moderate Demand, Subscribed 1.15x on Day 3

Shining Tools Limited’s initial public offering (IPO) has demonstrated moderate investor interest through its third day of subscription. The stock price is fixed at ₹114 per share. The ₹17.10 crore IPO reached 1.15 times subscription by 5:04:33 PM on November 11, 2025. This indicates a stable response from investors to this Rajkot-based cutting tool manufacturer.
Shining Tools IPO individual investors segment leads with 1.87 times subscription. Non-institutional investors show a moderate response at 0.43 times. The Market Maker portion was fully subscribed at 1.00 times.

Shining Tools IPO subscription reached 1.15 times on day three. It was led by Individual Investors (1.87x) and Non-Institutional Investors (0.43x). Total applications reached 621.

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Subscription Status of Shining Tools IPO:

Here are the subscription details for Shining Tools IPO as of Day 3 (November 11, 2025, 5:04:33 PM):

Key Highlights - Day 3:

• Overall subscription reached 1.15 times, showing moderate improvement from Day 2’s 0.76 times.
• Individual investors displayed the highest interest at 1.87 times, leading the overall subscription.
• Non-institutional investors recorded a modest 0.43 times, indicating limited HNI participation.
• A total of 621 applications were received, reflecting measured investor engagement.
• Cumulative bid amount reached ₹18.65 crore, against the issue size of ₹17.10 crore.

Shining Tools IPO - Day 2 Subscription at 0.76 Times

Key Highlights - Day 2:

• Overall subscription reached 0.76 times, showing steady progress from Day 1’s 0.49 times.
• Individual investors subscribed 1.22 times, showing growing retail interest.
• Non-institutional investors stood at 0.31 times, indicating slow HNI participation.
• Momentum built ahead of the final day as retail demand strengthened.

Shining Tools IPO - Day 1 Subscription at 0.49 Times

Key Highlights - Day 1:

• Overall subscription reached 0.49 times, showing a cautious start.
• Retail investors subscribed 0.63 times, indicating early retail traction.
• Non-institutional investors subscribed 0.35 times, reflecting limited HNI participation.
• Early interest was primarily led by retail investors.

About Shining Tools Limited

Incorporated in 2013, Shining Tools Limited designs and manufactures high-performance solid carbide cutting tools under the brand name “Tixna.” The company also provides reconditioning services for used tools, enhancing cost efficiency and tool life.
The company’s ISO 9001:2015-certified manufacturing facility is located in Rajkot, Gujarat. Its product portfolio includes end mills, drills, reamers, and thread mills used across industries such as automotive, aerospace, engineering, medical, and defense.