Shayona Engineering Limited is engaged in the business of precision engineering and heavy industrial manufacturing, offering a wide range of customized engineering solutions.
The company operates across multiple verticals, including precision castings, machining, dies and moulds, industrial automation, heavy fabrication, casting, forging, reverse engineering, and turnkey project machinery.
The company specializes in the manufacture of precision castings in special grades, catering to complex industrial requirements. Shayona Engineering is capable of producing cast components ranging from a few grams up to 3 metric tons in a single piece, highlighting its ability to handle both small and large-scale customized orders.
Shayona Engineering operates from three manufacturing locations in Vadodara, Gujarat. These facilities are equipped with sophisticated, technology-driven machinery, including CNC and VMC machines, enabling the company to deliver high-accuracy and reliable engineering solutions. The integrated setup allows the company to provide comprehensive design, manufacturing, assembly, and after-sales support under one roof.
The company’s product offerings include:
- Tubular conveying systems
- Die head trolleys and mixing machines
- CNC and VMC machined components
- Heavy metal fabrication solutions
- Process automation equipment
Shayona Engineering follows a customer-centric and project-based business model, providing made-to-order solutions as per client specifications. The company emphasizes quality control, engineering precision, timely execution, and prompt after-sales service, which supports long-term customer relationships.
Shayona Engineering IPO – Details
| IPO Opening Date | 22 January 2026 |
| IPO Closing Date | 27 January 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 10,32,000 Shares Worth ₹14.86 Crore Fresh Issue: 10,32,000 Shares Worth ₹14.86 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹140 – ₹144 per share |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Kfin Technologies Ltd. |
| QIB Shares Offered | 1.20% |
| NII Shares Offered | 30.60% |
| Retail Shares Offered | 68.20% |
Shayona Engineering IPO – Date Schedule
| IPO Open Date | 22 January 2026 |
| IPO Close Date | 27 January 2026 |
| Basis of Allotment | 28 January 2026 |
| Initiation of Refund | 29 January 2026 |
| Credit of Shares to Demat | 29 January 2026 |
| IPO Listing Date | 30 January 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 27, 2026 |
Shayona Engineering IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2000 | ₹2,88,000 |
| Retail (Max) | 2 | 2000 | ₹2,88,000 |
| S-HNI (Min) | 3 | 3000 | ₹4,32,000 |
| S-HNI (Max) | 6 | 6000 | ₹8,64,000 |
| B-HNI (Min) | 7 | 7000 | ₹10,08,000 |
Competitive Strength
- Proven Track Record in Large-Scale Operations.
- Strategic Supply Chain Management.
- Advanced Technology Investment.
- State-of-the-Art Manufacturing.
- Future-Ready Automation.
Company Promoters
- Vipul Bhikhabhai Solanki
- Kinnariben Vipulbhai Solanki
- Gaurav Ratukumar Parekh
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹12.63 Cr | ₹11.82 Cr | ₹0.61 Cr | ₹3.45 Cr |
| 31 March 2024 | ₹15.28 Cr | ₹12.97 Cr | ₹1.71 Cr | ₹5.42 Cr |
| 31 March 2025 | ₹23.18 Cr | ₹19.26 Cr | ₹2.42 Cr | ₹13.92 Cr |
| 30 November 2025 | ₹19.15 Cr | ₹15.94 Cr | ₹2.45 Cr | ₹22.61 Cr |
Key Performance Indicator
| KPI | Values (Nov 30, 2025) |
|---|---|
| ROCE | 13.08% |
| Debt/Equity | 1.83 |
| RoNW | 22.01% |
| PAT Margin | 12.80 |
| EBITDA Margin | 21.33 |
| Price to Book Value | 3.33 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.46 | 9.44 |
| P/E (x) | 17.03 | 15.25 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Purchase of Plant and Machinery for the existing line of our business. | ₹3.79 |
| Repayment of the secured loan availed by our Company from Financial Institution. | ₹2.17 |
| Funding of working capital requirements of our Company. | ₹4.00 |
| General corporate purposes. | – |
✅Strengths
- Diversified engineering business covering castings, machining, automation & heavy fabrication.
- Capability to manufacture precision castings from grams up to 3 MT in a single piece.
- Three integrated manufacturing units in Vadodara with CNC & VMC machines.
- Focus on customized, turnkey, and project-based solutions.
- Promoters have technical and industry experience.
⚠️Risks
- High customer concentration; loss of key clients can impact revenue.
- Project-based business leads to uneven revenue and cash flows.
- Working-capital-intensive operations.
- Dependence on skilled technical manpower.
- Margins exposed to raw material (metal/steel) price fluctuations.
Shayona Engineering IPO Promoter Holding
| Pre-Issue Share Holding | 87.29% |
| Post Issue Share Holding | – |
Shayona Engineering IPO Prospectus
Company Contact Information
| Shayona Engineering Ltd. Shed No. 113/1, GIDC, Makarpura, M.I. Estate, Vadodara, Gujarat, 390010 Phone: +91 9310806080 Email: compliance@shayonaengg.com Website: https://shayonaengg.com/engineering/ |
Shayona Engineering IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: sel.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Shayona Engineering IPO Lead Manager(s)
| 1. Horizon Management Pvt. Ltd. |
Shayona Engineering IPO FAQ
| What is the Shayona Engineering IPO? Shayona Engineering IPO is an SME IPO. The issue is priced at ₹140 – ₹144 per equity share. The IPO is to be listed on BSE SME. |
| When will Shayona Engineering’s IPO open? The IPO is to open on 22 January 2026 for QIB, NII, and Retail Investors. |
| What is Shayona Engineering IPO Investors’ Portion? The investors’ portion for QIB – 1.20%, NII – 30.60%, and Retail – 68.20%. |
| What is the Shayona Engineering IPO Size? Shayona Engineering IPO size is ₹14.86 Crore. |
| What are the Shayona Engineering IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2000 Shares for ₹2,88,000, while the maximum bid is 2000 Shares for ₹2,88,000. |
| What is the Shayona Engineering IPO Allotment Date? Shayona Engineering IPO allotment date is 28 January 2026. |
| What is the Shayona Engineering IPO Listing Date? Shayona Engineering IPO listing date is 30 January 2026. The IPO is to be listed on the BSE SME. |
