Shayona Engineering Limited
Bookbuilding IPO · BSE
- Price band
- ₹140 - ₹144
- Lot size
- 1,000 shares
- Issue amount
- ₹14.86 cr
- Total subscription
- 5.49×
- Opens
- 22 Jan 2026
- Closes
- 27 Jan 2026
- Allotment
- 28 Jan 2026
- Listing
- 30 Jan 2026
Offer at a glance
Issue overview
- Issue size
- 10,32,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,40,000
- Fresh issue
- ₹14.86 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,44,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 28,60,268
- Shares after issue
- 38,92,268
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,000 | ₹2,88,000 |
| sHNI | 3 | 3,000 | ₹4,32,000 |
| bHNI | 7 | 7,000 | ₹10,08,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 27 Jan 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 2 |
| NIB | 0 | 462 |
| RETAIL | 334 | 1,247 |
| HNIs(10L +) | 60 | 265 |
| HNIs (2-10L) | 40 | 197 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0.17 | 0.58 |
| FIIs | 0 | 0.58 |
| RETAIL | 9.62 | 35.91 |
| NIB | 4.32 | 40.94 |
| HNIs 2+ | 1.73 | 8.65 |
| HNIs 10+ | 2.59 | 32.28 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Nov-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 8.57 | 9.14 | 14.05 |
| ROE | 22.01 | 34.81 | 56.93 |
| ROCE | 13.08 | 29.03 | 37.92 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 17.03 | 0 |
| POST IPO(PE) | 15.25 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2017, Shayona Engineering Limited is engaged in precision castings, machining, dies and moulds, industrial automation, heavy fabrication, casting, forging, reverse engineering, and turnkey machinery projects, delivering customised precision castings in special grades ranging from a few grams up to 3 metric tons in a single piece. The company operates from three locations in Vadodara, Gujarat, equipped with advanced technology-driven machinery that enables accurate engineering solutions and integrated manufacturing under one roof along with prompt after-sales support. Its product portfolio includes tubular conveying systems, die head trolleys and mixing machines, CNC and VMC machined components, heavy metal fabrication, and process automation equipment. As of August 24, 2025, the company employed 20 people, and the IPO proceeds are proposed to be utilised towards working capital requirements and general corporate purposes.
Strengths
- Proven Execution Capability: Strong track record in managing large and complex engineering projects.
- Strategic Supply Chain Management: Efficient sourcing and coordination ensure timely delivery and cost control.
- Advanced Technology Adoption: Ongoing investment in modern equipment improves precision and productivity.
Risk factors
- Customer Concentration Risk: Heavy reliance on a few customers means order loss can impact revenue.
- EPCG Compliance Risk: Failure to meet export obligations may result in penalties or liabilities.
- Specification Deviation Risk: Deviations from OEM specifications can increase costs and reduce margins.
Promoters
Vipul Bhikhabhai Solanki
Kinnariben Vipulbhai Solanki
Gaurav Ratukumar Parekh
Registrar & documents
Lead manager
Horizon Management Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Shed No. 113/1, GIDC, Makarpura, M.I. Estate, Vadodara, Gujarat, 390010
+91 9310806080
[email protected]Company website ↗Understanding SHAYONA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.