Shayona Engineering SME IPO 2026 | Full Details, Financials & Risks
Latest Grey Market Premium & IPO Details
Shayona Engineering IPO 2026 – Key Info & Highlights
Shayona Engineering IPO opens on 22 Jan 2026 with a ₹140–₹144 price band. Get latest GMP today, SME IPO subscription data, lot size, investor quota, DRHP insights, financial performance, and listing Updates.
📌 IPO Details
| Company Name | Shayona Engineering IPO |
|---|---|
| Sector / Industry | Castings & Forgings |
| IPO Open Date | 22-01-2026 |
| IPO Close Date | 27-01-2026 |
| Allotment Date | 28-01-2026 |
| Refund Date | 29-01-2026 |
| Share Credit Date | 29-01-2026 |
| Listing Date | 30-01-2026 |
| Price Band | ₹140 - ₹144 |
| Lot Size | 1000 Shares |
| Min Investment | ₹288000 ( 2 Lot Price ) |
| Net Issue Size | ₹14.11 Cr |
| Fresh Issue | ₹14.11 Cr |
| IPO Listing At | BSE SME |
| DRHP | View DRHP |
| Issue Type | Book Build Issue |
| Face Value | ₹10 Per Equity Share |
| Promoter Holding Pre IPO | 87.29 % |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | 64.73% |
| QIB (Qualified Institutional Buyers) | 1.16% |
| HNI (High Net Worth Individuals) | 29.07% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 29-01-2026 | ₹4.00 | ▲ | ₹148.00 | ₹4000.00 | 29-01-2026 23:19 |
| 28-01-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 28-01-2026 23:26 |
| 27-01-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 27-01-2026 22:29 |
📝 About Shayona Engineering
Shayona Engineering is a well-established engineering and manufacturing company with a clear vision to deliver reliable, high-precision, and end-to-end industrial engineering solutions. Over the years, the company has built a strong presence in the fields of machining, dies and moulds, industrial automation, heavy fabrication, casting, forging, reverse engineering, and turnkey project machinery.
Operating from two strategically located facilities in Vadodara, Gujarat, Shayona Engineering integrates advanced, technology-driven equipment with skilled engineering expertise to deliver accurate and customized solutions across diverse industrial applications. The company follows a comprehensive “all-under-one-roof” approach, enabling seamless execution from design and manufacturing to final delivery.
Shayona Engineering places strong emphasis on precision, quality assurance, and timely execution, supported by prompt and reliable after-sales service. Its ability to handle complex, made-to-order requirements has helped the company build long-term relationships with industrial clients seeking dependable engineering partners.
With a focus on innovation, operational efficiency, and customer-centric solutions, Shayona Engineering continues to strengthen its capabilities and expand responsibly within the engineering and manufacturing ecosystem
Shayona Engineering Revised Financials
Profit / Loss & Total Assets (Last 3 Years)
| Financial Year | Revenue (₹ Cr) | Profit / Loss (₹ Cr) | Total Assets (₹ Cr) |
|---|---|---|---|
| FY 2023 | 12.63 | +0.61 | 7.27 |
| FY 2024 | 15.28 | +1.71 | 12.58 |
| FY 2025 | 23.18 | +2.42 | 29.60 |
Note: Positive figures indicate profit, while negative figures indicate loss. Total Assets are reported in ₹ Cr.
Shayona Engineering ipo Objects of Issue
- Working Capital Requirements – The company intends to utilize the IPO proceeds to meet its working capital needs, including procurement of raw materials, inventory management, production cycle requirements, and efficient management of receivables.
- Strengthening Business Operations – Funds will be deployed to enhance and streamline existing manufacturing and engineering operations, improving execution efficiency, scalability, and timely order fulfillment.
- General Corporate Purposes – The remaining proceeds will be used to support the company’s overall business growth initiatives, administrative expenses, and other strategic and operational requirements.
Shayona Engineering ipo Strengths
- Experienced Promoters and Management Team – The company is led by promoters with strong technical knowledge and hands-on experience in engineering, manufacturing, and project execution.
- Diversified Engineering Capabilities – Shayona Engineering offers a wide range of services including precision castings, machining, heavy fabrication, and customized engineering solutions, reducing dependency on a single product line.
- Focus on Quality and Customization – The company emphasizes quality control and the ability to deliver tailor-made solutions as per customer specifications, helping build long-term client relationships.
- Growing Financial Performance – The company has demonstrated consistent growth in revenue and profitability over recent financial years, reflecting improving operational efficiency.
- Scalable Business Model – An asset-backed manufacturing setup and improving working capital cycle enable the company to scale operations as demand increases.
Shayona Engineering ipo Risks
- SME Business Scale Risk – Shayona Engineering operates as a small and medium-sized enterprise. Any slowdown in demand or operational disruption may have a relatively higher impact on its financial performance compared to larger companies.
- Working Capital Intensive Operations – The business requires significant working capital for raw material procurement, inventory holding, and receivables management. Delays in collections may affect cash flows.
- Customer Concentration Risk – A portion of the company’s revenue is derived from a limited number of customers. Loss of any key customer could impact revenue and profitability.
- Raw Material Price Volatility – Fluctuations in raw material prices may affect operating margins if the company is unable to pass on cost increases to customers.
- Competition Risk – The engineering and fabrication industry is competitive, with the presence of organized and unorganized players, which may exert pressure on pricing and margins.
- Liquidity Risk of SME Listing – Shares listed on the SME platform generally witness lower trading volumes, which may result in limited liquidity after listing.
Shayona Engineering Limited
Precision Engineering & Industrial Manufacturing Company
| Founded in: | 2017 |
|---|---|
| MD / CEO: | Mr. Vipul Bhikhabhai Solanki |
| Address: | 113/1, 113, Makarpura GIDC, Makarpura, Vadodara, Gujarat 390010 |
| Website: | www.shayonaengineering.com |
| Phone: | +91 93108 06080 |
| Email: | info@shayonaengineering.com |
| Services: | Precision Castings, Machining Components, Heavy Fabrication, Industrial Automation Solutions, Dies & Moulds Manufacturing, Customized Engineering Components |
IPO Quick Info
22 Jan 2026
27 Jan 2026
Upcoming
Lead Manager(s)
- Horizon Management Pvt.Ltd.
Frequently Asked Questions
Shayona Engineering Limited operates in the engineering manufacturing segment, providing customized industrial components and fabrication solutions. Its operations include precision casting, machining, and fabrication services designed to meet client-specific technical and industrial requirements.