Shayona Engineering IPO will open for subscription on January 22, 2026 and will close on January 27, 2026. The IPO is a book building issue and aims to raise approximately ₹14.86 crores through a fresh issue. There is no confirmed offer for sale component as per available disclosures. The face value of each equity share is ₹10.
The price band for the Shayona Engineering IPO is fixed at ₹140 to ₹144 per share. The IPO is proposed to be listed on the BSE SME platform on January 30, 2026. The basis of allotment is expected to be finalised on January 28, 2026.
Contents
Shayona Engineering IPO Details Table
| Particular | Details |
|---|---|
| IPO Open Date | January 22, 2026 |
| IPO Close Date | January 27, 2026 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹140 to ₹144 per share |
| Issue Size | Approx ₹14.86 Crores |
| Fresh Issue | Approx ₹14.86 Crores |
| Offer for Sale | Approx [.] Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
| Anchor Investors | To be announced |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Shayona Engineering IPO
Open: 22-27 Jan
Issue Size: ₹56.05 Cr
Objective: Fund new machinery, pay down debt, support working capital needs.
Exchange: BSE SME
Shayona Engineering IPO Review
Shayona Engineering IPO is a small-sized SME issue focused on funding capacity expansion and strengthening working capital. The company has shown consistent growth in revenue and profitability over the last three financial years, supported by improved margins and operational efficiency.
With a strong return on net worth and rising asset base, the IPO appears suitable for investors with a long-term perspective who understand the risks associated with SME listings, including lower liquidity.
Track GMP: Shayona Engineering IPO GMP Today
Shayona Engineering IPO Market Lot
The minimum market lot for Shayona Engineering IPO is 2,000 equity shares, requiring a minimum investment of ₹2,88,000 at the upper price band.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | ₹2,88,000 |
| Retail Maximum | 2 | 2,000 | ₹2,88,000 |
| S-HNI Minimum | 3 | 3,000 | ₹4,32,000 |
| S-HNI Maximum | 6 | 6,000 | ₹8,64,000 |
| B-HNI Minimum | 7 | 7,000 | ₹10,08,000 |
IPO Reservation
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor | – | – |
| QIB (Excluding Anchor) | 12,000 | 1.16% |
| NII | 3,00,000 | 29.07% |
| Retail | 6,68,000 | 64.73% |
Shayona Engineering IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | January 22, 2026 |
| IPO Close Date | January 27, 2026 |
| Basis of Allotment | January 28, 2026 |
| Refunds Initiation | January 29, 2026 |
| Credit to Demat Account | January 29, 2026 |
| IPO Listing Date | January 30, 2026 |
| Bidding Cut-off Time | January 27, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of Shayona Engineering Limited are Vipul Bhikhabhai Solanki, Kinnariben Vipulbhai Solanki, and Gaurav Ratukumar Parekh.
| Particular | Shares | % Holding |
|---|---|---|
| Promoter Holding Pre Issue | 28,60,268 | 87.29% |
| Promoter Holding Post Issue | 38,92,268 | – |
Objects of the Issue
The company proposes to utilise the net proceeds of the IPO primarily for capital expenditure and operational needs. A portion of the funds will be used for the purchase of plant and machinery to strengthen the existing line of business.
The company also plans to repay certain secured loans availed from financial institutions, which will help improve its balance sheet. Additionally, funds will be allocated towards meeting working capital requirements and supporting general corporate purposes.
| Purpose | Amount |
|---|---|
| Purchase of plant and machinery | ₹3.79 Crores |
| Repayment of secured loans | ₹2.17 Crores |
| Working capital requirements | ₹4.00 Crores |
| General corporate purpose | – |
About Shayona Engineering Limited
Shayona Engineering Limited was incorporated in 2010 and operates in the engineering and manufacturing segment. The company is engaged in machining, dies and moulds, industrial automation, heavy fabrication, casting, forging, reverse engineering, and turnkey project machinery solutions.
Over the years, the company has focused on delivering quality-driven engineering solutions using modern technology and advanced equipment. Shayona Engineering serves industries such as automobiles, pumps, valves, mining equipment, and power plants. As of January 15, 2026, the company employed a total workforce of 22 personnel.
Shayona Engineering IPO Financial Report
All amounts are in ₹ Crores.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 12.63 | 11.82 | 0.61 | 7.27 |
| 2024 | 15.28 | 12.97 | 1.71 | 12.58 |
| 2025 | 23.18 | 19.26 | 2.42 | 29.60 |
| Nov 2025 | 19.15 | 15.94 | 2.45 | 41.12 |
Shayona Engineering IPO Valuation – FY2025
| KPI | Values |
|---|---|
| ROE | 34.81% |
| ROCE | 29.03% |
| EBITDA Margin | 21.64% |
| PAT Margin | 10.44% |
| Debt to Equity Ratio | – |
| EPS | ₹9.14 (Basic) |
| P/E Ratio | Not Available |
| RoNW | 34.81% |
| NAV | ₹37.45 |
Peer Group Comparison
There are no listed peers available for direct comparison.
IPO Lead Managers
Horizon Management Pvt. Ltd.
Company Address
| Particular | Details |
|---|---|
| Company Name | Shayona Engineering Ltd. |
| Address | Shed No. 113/1, GIDC, Makarpura, M.I. Estate |
| City | Vadodara |
| State | Gujarat |
| Pincode | 390010 |
| Phone | +91 9310806080 |
| compliance@shayonaengg.com |
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: sel.ipo@kfintech.com
Shayona Engineering IPO FAQs
What is Shayona Engineering IPO?
Shayona Engineering IPO is an SME IPO through which the company aims to raise ₹14.86 crores. The IPO is priced at ₹140 to ₹144 per share and will be listed on BSE SME.
When will Shayona Engineering IPO open?
The IPO will open for subscription on January 22, 2026 and will close on January 27, 2026.
What is the investor quota for Shayona Engineering IPO?
The allocation is 50% for QIBs, 15% for NIIs, and 35% for retail investors.
How can investors apply for the IPO?
Investors can apply through ASBA using net banking, UPI-based IPO applications, or via stock brokers using online or offline forms.
What is the issue size of Shayona Engineering IPO?
The total issue size is approximately ₹14.86 crores.
What is the lot size for the IPO?
The minimum application is for 2,000 equity shares amounting to ₹2,88,000.
When is the allotment date?
The basis of allotment is expected on January 28, 2026.
When will the IPO be listed?
The IPO is scheduled to list on BSE SME on January 30, 2026.
Expert Comment
Shayona Engineering IPO presents a niche manufacturing business with improving financial metrics and healthy return ratios.
While the valuation comfort cannot be fully assessed due to the absence of listed peers, the company’s growth trajectory and capital efficiency are positives. Investors with a long-term horizon and an understanding of SME risks may consider this IPO cautiously.
