Shayona Engineering IPO

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.