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Shayona Engineering IPO
Price Band
₹140.0–144.0
Issue Size
₹14.86 Cr
Lot Size
1,000 shares
Min Investment
₹288,000
2 LOTS MIN
GMP
+₹4.0 (2.78%)
Issue Price
₹144.0
Shayona Engineering IPO AI Summary
- Shayona Engineering IPO is listed on BSE SME in the Castings & Forgings sector.
- Price band: ₹140.0–₹144.0 per share, lot size 1,000 shares (min. investment ₹288,000, 2 lots minimum).
- Subscription window: 22 Jan–27 Jan 2026, listing on 30 Jan 2026.
- Current GMP is +₹4.0 (2.78%), an estimated listing price of ₹148 — unofficial and can change daily.
Shayona Engineering Limited is an SME focused on precision engineering, with a diverse range of services. The company has shown growth in total income and profit over recent periods, though the latest figures are not directly comparable due to being for a 9-month period. The IPO aims to raise funds for various business needs, including machinery purchases and working capital.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Shayona Engineering IPO Grey Market Premium (GMP) Today
GMP
+₹4.0
GMP %
+2.78%
Est. Listing
₹148.0
Updated: 14 Jul 2026 15:52
About the Company
Shayona Engineering Limited specializes in precision engineering solutions, offering a wide range of services that include precision casting, machining, dies and moulds, industrial automation, heavy fabrication, forging, reverse engineering, and turnkey machinery projects. The company provides tailor-made precision castings in specialized grades, capable of producing components ranging from a few grams up to single pieces weighing as much as 3 metric tons. Operating from three advanced manufacturing facilities in Vadodara, Gujarat, Shayona Engineering leverages state-of-the-art technology and modern equipment to ensure high accuracy, reliability, and efficiency. All services—from design and manufacturing to after-sales support—are delivered seamlessly under one roof. Product Portfolio: Tubular conveying systems Die head trolleys and mixing equipment CNC and VMC-machined components Heavy-duty metal fabrication solutions Industrial and process automation systems Competitive Strengths Proven Track Record in Large-Scale Operations Strategic Supply Chain Management Advanced Technology Investment State-of-the-Art Manufacturing Future-Ready Automation
Company Financials (₹ Cr)
As of 2025-11-30
| Period Ended | 30 Nov 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 41.12 | 29.60 | 12.58 | 7.27 |
| 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 |
| Reserves and Surplus | 9.50 | 7.05 | 1.72 | 1.01 |
| Total Borrowing | 22.61 | 13.92 | 5.42 | 3.45 |
Key Ratios
EPS
₹8.46
NAV
₹34.64
ROCE
29.03%
RoNW
34.81%
P/B Value
4.16
P/E Ratio
17.03
Market Cap
₹56.05 Cr
PAT Margin
10.44%
Promoters
Vipul Bhikhabhai Solanki, Kinnariben Vipulbhai Solanki and Gaurav Ratukumar Parekh
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Purchase of Plant and Machinery for the existing line of business 3.79 2 Repayment of secured loan availed by Company from Financial Institution 2.17 3 Funding of Working Capital Requirement of the company 4.00 4 General Corporate Purposes 2.23 5 Issue Expenses 2.67 Total 14.86
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹12.63 Cr in the year ending 31 Mar 2023, rising to ₹15.28 Cr by 31 Mar 2024, then increasing further to ₹23.18 Cr by 31 Mar 2025. However, for the period ending 30 Nov 2025, total income decreased to ₹19.15 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.61 Cr in the year ending 31 Mar 2023, rising to ₹1.71 Cr by 31 Mar 2024, then increasing slightly to ₹2.42 Cr by 31 Mar 2025. For the period ending 30 Nov 2025, profit after tax was ₹2.45 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO in the stock market. It reflects the difference between the issue price and the price at which the shares are being traded in the grey market before the official listing. A positive GMP indicates that the shares are expected to list at a premium.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy and risk tolerance. They should consider the company's fundamentals, market conditions, and their own financial goals.
Who May Want to Wait
Investors with a low-risk appetite or those who prefer stable, established companies may want to avoid IPOs like this, which can be subject to higher volatility and uncertainty.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens for subscription on 22 Jan 2026 and closes on 27 Jan 2026. Allotment of shares is expected on 28 Jan 2026, with the listing date set for 30 Jan 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and company performance post-listing.
This evaluation is generated from Shayona Engineering's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Shayona Engineering IPO GMP today?
Shayona Engineering IPO GMP today is +₹4.0 (2.78%), indicating an estimated listing price of ₹148. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Shayona Engineering IPO?
The price band of Shayona Engineering IPO is ₹140.0–₹144.0 per share.
When does Shayona Engineering IPO open and close?
Shayona Engineering IPO opens on 22 January 2026 and closes on 27 January 2026.
When does Shayona Engineering IPO list on the stock exchange?
Shayona Engineering IPO listed on 30 January 2026 at ₹148.0.
What is the lot size for Shayona Engineering IPO?
The lot size for Shayona Engineering IPO is 1000 shares, requiring a minimum investment of ₹288,000 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹140.0 to ₹144.0.
What is the minimum investment required?
The minimum investment required is ₹288,000.
What is the lot size for the IPO?
The lot size for the IPO is 1000 shares.
When is the listing date for the shares?
The listing date for the shares is 30 Jan 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the shares will list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Jan 2026
Close
27 Jan 2026
Allotment
28 Jan 2026
Listing
30 Jan 2026
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