Shayona Engineering IPO allotment: How to check status online on BSE, KFin Technologies

Shayona Engineering IPO allotment: The basis of allotment of Shayona Engineering IPO is expected to be finalised on Wednesday, January 28. Investors who have applied for the public offer could visit websites of BSE and KFin Technologies.

The initial share sale was subscribed 5.21 times, with bids for 53,77,000 shares as against 10,32,000 shares on offer, as per the BSE data.

The ₹14.86 crore initial share sale was completely a fresh issuance of 10.32 lakh shares, with no offer for sale (OFS) component.

The fresh issue proceeds will be utilised for the purchase of plant and machinery for the existing line of business, loan repayment, working capital needs and corporate general purposes.

"Our company expects that the listing of the equity shares will enhance our visibility and our brand image among our existing and potential customers and creation of a public market for our equity shares," the company said in its red herring prospectus.

With a price band of ₹140 to ₹144 per share, a lot consisted of 1,000 shares. The minimum investment for an individual investor was two lots or 2,000 shares.

Shayona Engineering is a precision engineering and manufacturing company. Its product portfolio includes CNC-machined and fabricated components, precision castings, industrial automation and conveying systems, PVC and HDPE pipes, fittings, process equipment, sprinklers, and extrusion downstream machinery.

Shayona Engineering IPO allotment date and time

The Shayona Engineering IPO allotment status is likely to be finalised on Wednesday, January 28, by late evening.

How to check Shayona Engineering IPO allotment status online on KFin Technologies

• Visit KFin Technologies' IPO status page: https://ipostatus.kfintech.com/
• From the IPO names, select ‘Shayona Engineering Ltd’
• Fill in your PAN, IPO application number or Demat account number
• Hit the ‘Submit’ button

Steps to check Shayona Engineering IPO allotment status online on BSE

• Visit BSE's IPO allotment status website: https://bseindia.com/investors/appli_check.aspx
• Keep issue type as 'Equity'
• Pick ‘Shayona Engineering Ltd’ from the IPO names
• Mention either your PAN or IPO application number
• Press the ‘Search’ button

Shayona Engineering IPO listing date and time

Shares of Shayona Engineering will be listed on the BSE SME platform on Friday, January 30.