I am suffering from shiny slightly raised bump on the shaft of my penis. Kindly help.

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I do not think it is a genital wart. It does not look like any STD except maybe genital molluscum contagiosum, but those are some shaped implicated papules. Is it itchy? And what is the duration? Do any other body parts have the same lesions?

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Not being itchy exclude other itchy condition which can present like this like papular urticaria, scabies or lichen planus. In that, it might be penile syringoma or sebaceous gland hyperplasia. It is difficult to differentiate these things clinically sometimes, and a skin biopsy is the only thing to confirm.In case of it being papular urticaria, which is a term for the reaction caused by tiny insects, it should subside in a few days. Though the other differentials I put namely penile syringoma and sebaceous gland hyperplasia, are benign and harmless. If one wants to confirm the diagnosis, then the skin biopsy is the only option.