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  2. Bid start
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  5. Release of funds
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  6. Demat transfer
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Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
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Revenue
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This IPO
₹23.09Cr
This sector
₹342.41Cr
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3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
35.53%
This sector
0.01%
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PAT
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This IPO
₹2.42Cr
This sector
₹38.53Cr
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Market cap
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This IPO
₹56.05Cr
This sector
₹1,862.48Cr
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P/E ratio
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This IPO
15.75
This sector
31.54
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D/E ratio
Lower ratio usually means fewer liabilities
This IPO
1.41
This sector
0.53
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Objectives

General corporate purposes
33.80%
Working capital
26.60%
Capital expenditure
25.20%
Repayment of borrowings
14.40%
Vadodara-based Shayona Engineering is a precision engineering and manufacturing company incorporated in 2017 and has since been converted into a public limited company with effect from July 2024. The product portfolio is diversified by CNC-machined and fabricated components, precision castings, industrial automation and conveying systems, process equipment, PVC and HDPE pipes, fittings, sprinklers, and extrusion downstream machinery.
The company caters to automotive, oil & gas, chemicals, infrastructure, irrigation, water management, power, pharmaceuticals, and plastics processing industries. In FY25, the engineering segment contributed 96.19% of total revenue, followed by the casting segment at 2.02% and the plastic (PVC/HDPE) segment at 1.79%. Domestic markets accounted for 97.01% of revenue, whereas export operations contributed 2.99%, primarily to Canada. Within India, Gujarat contributed 98.59% of domestic revenue. The company operates three manufacturing units in Vadodara with disclosed capacities for 2 key units - Unit-I (Engineering) with an installed capacity of 30,00,000 nos with utilisation of 97.05%, and Unit-II (PVC/HDPE) withan installed capacity of 3,20,000 nos with utilisation of 64.14% in FY25.