Shayona Engineering IPO

Q: How can I apply for Shayona Engineering Limited IPO?

You can apply through HDFC Sky using UPI-based ASBA during the IPO subscription period.

₹1,40,000/1,000 shares

Minimum Investment

IPO Details

Open Date

22 Jan 26

Close Date

27 Jan 26

Minimum Investment

₹1,40,000

Lot Size

1,000

Price Range

₹140 to ₹144

Listing Exchange

BSE

Issue Size

₹15 Cr

Listing Date

30 Jan 26

Open Free Demat Account

Shayona Engineering IPO Timeline

Bidding Start

20 Jan 26

Bidding Ends

27 Jan 26

Allotment Finalisation

28 Jan 26

Refund Initiation

29 Jan 26

Demat Transfer

29 Jan 26

Listing

30 Jan 26

Shayona Engineering Limited

Incorporated in 2017, Shayona Engineering Limited operates in precision engineering and heavy industrial manufacturing. The company specialises in precision castings, machining, dies and moulds, industrial automation, forging, fabrication, and turnkey project machinery. It delivers customised engineering solutions with casting weights ranging from a few grams to three metric tonnes. Shayona Engineering operates from three advanced manufacturing facilities in Vadodara, Gujarat, equipped with modern technology to provide integrated engineering services and dependable after-sales support.

Shayona Engineering Limited IPO Overview

Shayona Engineering Limited IPO is a bookbuilding issue opening on 22 January 2026 and closing on 27 January 2026. The IPO consists entirely of a fresh issue of 10,32,000 equity shares aggregating to ₹14.86 crore and will be listed on BSE SME. The price band is fixed at ₹140 to ₹144 per share with a face value of ₹10. Horizon Management Pvt. Ltd. is the book running lead manager, Kfin Technologies Ltd. is the registrar, and Horizon Financial Consultants Pvt. Ltd. is the market maker. The allotment is expected on 28 January 2026, followed by listing on 30 January 2026.

Shayona Engineering Limited IPO Details

Particulars	Details
IPO Date	22 January 2026 to 27 January 2026
Listing Date	30 January 2026
Face Value	₹10 per share
Issue Price Band	₹140 to ₹144 per share
Lot Size	1,000 Shares
Total Issue Size	10,32,000 shares (aggregating up to ₹15 Cr)
Fresh Issue	10,32,000 shares (aggregating up to ₹15 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	28,60,268 shares
Share Holding Post Issue	38,92,268 shares
Market Maker Portion	52,000 shares

Shayona Engineering Limited IPO Reservation

Investor Category	Shares Offered
QIB	12,000 shares (1.16%)
Retail	6,68,000 shares (64.73%)
NII (HNI)	3,00,000 shares (29.07%)
Market Maker	52,000 shares (5.04%)

Shayona Engineering Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	2,000	₹2,88,000
Retail (Max)	2	2,000	₹2,88,000
S-HNI (Min)	3	3,000	₹4,32,000

Shayona Engineering Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	87.29%
Post-Issue	TBD

Shayona Engineering Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹9.44
Price/Earnings (P/E) Ratio	15.25x
Return on Net Worth (RoNW)	22.01%
Net Asset Value (NAV)	TBD
Return on Equity	TBD
Return on Capital Employed (ROCE)	13.08%
EBITDA Margin	21.33%
PAT Margin	12.80%
Debt to Equity Ratio	1.83

Objectives of the Proceeds

Purchase of plant and machinery for business expansion – ₹3.79 crore

Repayment of secured loans from financial institutions – ₹2.17 crore

Funding working capital requirements for operations – ₹4.00 crore

General corporate purposes and strategic initiatives

Key Financials (in ₹ crore)

Particulars	30 Nov 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	41.12	29.60	12.58	7.27
Revenue	19.15	23.18	15.28	12.63
Profit After Tax	2.45	2.42	1.71	0.61
Reserves and Surplus	9.50	7.05	1.72	1.01
Total Borrowings	22.61	13.92	5.42	3.45

SWOT Analysis of Shayona Engineering IPO

Strength and Opportunities

Experienced promoters with strong technical expertise
Advanced manufacturing facilities with integrated operations
Strong domestic and export client relationships
Ability to deliver customised heavy engineering solutions

Risks and Threats

High dependence on industrial demand cycles
Working capital intensive business model
Exposure to raw material price fluctuations
Competition from established engineering players

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About Shayona Engineering Limited

Shayona Engineering IPO Strengths

Promoters and management team have strong technical and industry experience

Well-established operations across precision engineering and heavy manufacturing segments

Integrated manufacturing facilities enabling end-to-end engineering solutions

Advanced technology adoption supporting customised and large-scale production

Strong client relationships with repeat business across domestic and export markets

Reliable supplier network ensuring consistent raw material availability

Focus on quality compliance with recognised certifications and operational standards

Peer Group Comparison

As per the DRHP, there are no comparable listed peers of the company; hence, peer comparison details are not provided.

How to apply IPO with HDFC SKY?

Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.

1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App