Mumbai, Nov. 14 -- The scrip was listed at Rs 104, a discount of 8.77% over the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 104 and a low of Rs 98.80. About 85,000 shares of the company changed hands at the counter.

Shining Tools' IPO was subscribed 1.14 times. The issue opened for bidding on 7 November 2025 and it closed on 11 October 2025. The price band of the IPO was fixed at Rs 114 per share.

The IPO comprised fresh issue of 15,00,000 equity shares. The promoter and promoter group shareholding diluted to 70.68% from 96.17% pre-issue.

The company intends to utilize the net proceeds for purchase and installation of plant and machinery ...