New Delhi, Nov. 12 -- Following the closure of Shining Tools' initial public offering (IPO), the investor focus has shifted to its allotment status. Shining Tools IPO allotment date is today, November 12.

Shining Tools IPO was open for bidding from November 7 to November 11. The allotment is generally finalised a day after the offer period ends. The issue garnered a tepid response for its Rs.17 crore offering, garnering just 1.15 times bids. The non-institutional investor (NII) quota was booked 0.43 times, and the retail investor quota was subscribed 1.87 times.

Overall, the IPO garnered bids for 16,35,600 shares as against 14,25,200 shares on offer.

The SME IPO was a fixed price issue consisting entirely of a fresh share sale of 0.15 ...