Incorporated in 2017, Shayona Engineering Limited is engaged in precision castings, machining, dies and moulds, industrial automation, heavy fabrication, casting, forging, reverse engineering, and turnkey project machinery.
Shayona Engineering IPO 2026 – Dates, Price Band, Lot Size, Review & Full Details
Book Building IPO | BSE SME
IPO Snapshot
22 January 2026
27 January 2026
28 January 2026
30 January 2026 (Tentative)
₹140 – ₹144 per share
1,000 shares
₹14.86 Crore
Bookbuilding IPO
Shayona Engineering IPO Key Details
| Particular | Details |
|---|---|
| IPO Dates | 22 to 27 January 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹144 per share |
| Total Issue Size | 10,32,000 shares (₹14.86 Cr) |
| Market Cap (Pre-IPO) | ₹56.05 Cr |
| Listing At | BSE SME |
| Issue Type | Book Building IPO |
| Sale Type | Fresh Capital |
| Registrar | Kfin Technologies Ltd. |
| Lead Manager | Horizon Management Pvt. Ltd. |
| Market Maker | Horizon Financial Consultants Pvt. Ltd. |
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Opens | Thursday, 22 January 2026 |
| IPO Closes | Tuesday, 27 January 2026 |
| Allotment | Wednesday, 28 January 2026 |
| Refunds | Thursday, 29 January 2026 |
| Shares Credited | Thursday, 29 January 2026 |
| Listing | Friday, 30 January 2026 |
IPO Lot Size & Investment Details
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Minimum & 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 Details
| Investor Category | Shares Offered |
|---|---|
| QIB | 12,000 (1.16%) |
| NII (HNI) | 3,00,000 (29.07%) |
| Retail | 6,68,000 (64.73%) |
| Market Maker | 52,000 (5.04%) |
| Total | 10,32,000 (100%) |
About Shayona Engineering Ltd.
Incorporated in 2017, Shayona Engineering Limited is engaged in precision castings, machining, dies and moulds, industrial automation, heavy fabrication, casting, forging, reverse engineering, and turnkey project machinery.
The company offers customised precision casting solutions in special grades, with product weights ranging from a few grams up to 3 metric tons in a single piece.
Shayona Engineering operates from three locations in Vadodara, Gujarat, equipped with advanced technology-driven manufacturing facilities and in-house engineering capabilities.
Products & Solutions
- Tubular conveying systems
- Die head trolleys and mixing machines
- CNC and VMC machined components
- Heavy metal fabrication solutions
- Process automation equipment
Competitive Strengths
- Proven track record in large-scale operations
- Strategic supply chain management
- Advanced technology investments
- State-of-the-art manufacturing facilities
- Future-ready automation capabilities
Financial Performance (₹ Crore)
| Particular | Nov 30, 2025 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Total Income | 19.15 | 23.18 | 15.28 | 12.63 |
| Profit After Tax | 2.45 | 2.42 | 1.71 | 0.61 |
| EBITDA | 4.08 | 5.00 | 3.00 | 1.15 |
| Net Worth | 12.36 | 9.91 | 3.99 | 2.01 |
| Total Assets | 41.12 | 29.60 | 12.58 | 7.27 |
| Total Borrowing | 22.61 | 13.92 | 5.42 | 3.45 |
Objects of the Issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Purchase of plant and machinery | 3.79 |
| Repayment of secured loan | 2.17 |
| Working capital requirements | 4.00 |
| General corporate purposes | — |
Key Performance Indicators
| KPI | Nov 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROCE | 13.08% | 29.03% |
| Debt / Equity | 1.83 | — |
| RoNW | 22.01% | 34.81% |
| PAT Margin | 12.80% | 10.44% |
| EBITDA Margin | 21.33% | 21.64% |
| Price to Book Value | 3.33 | 4.16 |
Promoters
Vipul Bhikhabhai Solanki, Kinnariben Vipulbhai Solanki, and Gaurav Ratukumar Parekh.
IPO Registrar
Kfin Technologies Ltd.
Phone: 040-6716 2222 / 040-7961 1000
Email: sel.ipo@kfintech.com
IPO Lead Manager
- Horizon Management Pvt. Ltd.
Company Contact Details
Shayona Engineering Ltd.
Shed No. 113/1, GIDC, Makarpura, M.I. Estate,
Vadodara, Gujarat – 390010
Phone: +91 9310806080
Email: compliance@shayonaengg.com
Frequently Asked Questions (FAQ)
What is the Shayona Engineering IPO date?
The IPO opens on 22 January 2026 and closes on 27 January 2026.
What is the price band of Shayona Engineering IPO?
The price band is ₹140 to ₹144 per share.
What is the lot size of Shayona Engineering IPO?
The minimum application size is 2,000 shares.
Where will Shayona Engineering IPO list?
The IPO will list on BSE SME.