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Shayona Engineering IPO
5.44xsubscribed

Shayona Engineering IPO

Engineering
listed
₹2.80LMin. investment

Shayona Engineering Limited IPO Details

SectorEngineering
Price range₹140 – ₹144
IPO type
SME
Lot size1000 shares
Issue size₹15Cr
Market cap
₹56.05CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹23.09CrLower than sector avg
Growth rate3Y CAGR
35.53%Higher than sector avg

Shayona Engineering IPO Subscription Status

Date
QIB
NII
Retail
Total
22-Jan-26
0.0 times (X)
1.43 times (X)
0.81 times (X)
1.03 times (X)
23-Jan-26
4.33X
1.66X
1.18X
1.41X
26-Jan-26
4.33X
1.66X
1.18X
1.41X
27-Jan-26
8.58X
9.01X
3.72X
5.44X

As on 22-Jan-26, 5:30 PM

Shayona Engineering IPO Timeline

  1. Pre-apply
    21 Jan 2026
  2. Bid start
    22 Jan 2026
  3. Bid end
    27 Jan 2026
  4. Allotment
    28 Jan 2026
  5. Release of funds
    29 Jan 2026
  6. Demat transfer
    29 Jan 2026
  7. Listing
    30 Jan 2026

About Shayona Engineering Limited

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.

Checklist

Quality analysis
Revenue growth
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Risk analysis
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Objectives of Shayona Engineering Limited IPO

General corporate purposes
33.80%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
Working capital
26.60%
The company will utilise up to ₹4 crore to meet its working capital requirements.
Capital expenditure
25.20%
Use ₹3.79cr to buy plant and machinery assets soon.
Repayment of borrowings
14.40%
The company will use up to ₹2.17 crore for repayment of the loan.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹23.09Cr35.53%₹2.42Cr₹56.05Cr15.751.41
This sector (avg.)₹342.41Cr0.01%₹38.53Cr₹1,862.48Cr31.540.53
₹10,670.1Cr---₹1,263.5Cr₹39,460.23Cr31.400.10
₹2,217.81Cr---₹423.66Cr₹10,977.95Cr26.730
₹3,087.59Cr---₹471.9Cr₹9,693.55Cr18.040.01

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Shayona Engineering IPO Contact Details

Company NameShayona Engineering Limited

How to apply for Shayona Engineering IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Shayona Engineering Limited IPO FAQs