The Shayona Engineering Limited IPO is an upcoming SME IPO on the BSE SME exchange, offering investors a chance to invest in a precision engineering and industrial manufacturing company from Vadodara, Gujarat. Below is a detailed overview covering all major aspects of the IPO including dates, issue details, company profile, financials, objectives, strengths, and weaknesses.
India’s SME IPO conveyor belt is ready to roll out another micro-cap gem. This time it’s Shayona Engineering Corporation Limited – a Rajkot-based maker of precision machined parts, CI castings and fabricated assemblies used in pumps, valves, power-tools and process plants. The ₹14.86 crore public offer will hit the street on Thursday, 22 January 2026 and remain open till Tuesday, 27 January 2026.
📅 IPO Important Dates
| Event | Date |
|---|---|
| IPO Opening Date | 22 January 2026 |
| IPO Closing Date | 27 January 2026 |
| Basis of Allotment | 28 January 2026 |
| Refund Initiation | 29 January 2026 |
| Shares Credited to Demat | 29 January 2026 |
| Listing Date | 30 January 2026 |
The Shayona Engineering IPO is expected to list on the BSE SME platform after successful allotment and credit of shares.
💰 Issue Size & Price Band
| Particulars | Details |
|---|---|
| Price Band | ₹140 – ₹144 per equity share |
| Face Value | ₹10 per share |
| Total Issue Size | 10,32,000 shares (≈ ₹14.86 crore) |
| Fresh Issue | 10,32,000 shares (≈ ₹14.86 crore) |
| Offer for Sale (OFS) | Nil (100% Fresh Issue) |
| Issue Type | Book Building SME IPO |
| Listing On | BSE SME |
The IPO comprises a fresh issue of shares only, aiming to raise approximately ₹14.86 crore from investors.
📊 Market Lot Size & Investment Requirement
| Investor Category | Lot Size | Approx Investment @ ₹144 |
|---|---|---|
| Retail Investor – Minimum | 2,000 shares | ₹2,88,000 |
| Retail Investor – Maximum | 2,000 shares | ₹2,88,000 |
| Small HNI – Minimum | 3,000 shares | ₹4,32,000 |
| Small HNI – Maximum | 6,000 shares | ₹8,64,000 |
| Big HNI – Minimum | 7,000 shares | ₹10,08,000 |
Investors must bid in multiples of the lot size (1,000 shares per lot), and retail investors need a minimum investment of ₹2,88,000 at the upper price band.
🏢 About the Company (About Share)
Shayona Engineering Limited was incorporated in 2017 and is based in Vadodara, Gujarat. The company operates in the industrial engineering and precision manufacturing sector, providing a range of products and services such as precision casting, heavy fabrication, machining, dies and moulds, automation solutions, and turnkey machinery projects.
The company’s operations focus on industrial clients requiring high-precision engineering components, often customised to specific project requirements, and supported by quality control and after-sales services.
🧰 Key Products & Solutions
Shayona Engineering offers diversified industrial and engineering products, including:
- Precision castings and specialist grade components
- Machined parts for heavy industries
- Dies and moulds for manufacturing
- Automation equipment and solutions
- Heavy metal fabrication services
- Reverse engineering and turnkey machinery supplies
Its product range finds applications across sectors such as automotive, oil & gas, machinery, defence, aerospace, and industrial automation.
📈 Financial Performance Snapshot
Below is a snapshot of the company’s recent financial performance (₹ in Crore):
| Year/Period | Revenue | Profit After Tax |
|---|---|---|
| 2023 | ₹15.28 cr | ₹1.71 cr |
| 2024 | ₹23.18 cr | ₹2.42 cr |
| 2025 | ₹23.18 cr (annualised) | ₹2.42 cr (annualised) |
| Nov 30, 2025 | ₹19.15 cr | ₹2.45 cr |
Shayona Engineering has shown steady growth in revenue and profits over recent periods, indicating expanding operations and improved profitability.
🎯 IPO Objectives (Use of Proceeds)
The company intends to utilise the net proceeds from the IPO for:
- Purchase of plant and machinery to increase production capacity
- Repayment of secured loans from financial institutions
- Working capital requirements to support business operations
- General corporate purposes to strengthen the financial position
These objectives aim to enhance manufacturing capabilities, reduce debt burden, and support future growth.
🧾 Allotment & Listing Process
After the IPO subscription period:
- Basis of Allotment will be finalised on 28 January 2026
- Refunds (if any) will be processed on 29 January 2026
- Shares will be credited to investors’ Demat accounts on 29 January 2026
- Equity shares are expected to be listed on 30 January 2026 on the BSE SME platform
Investors can check allotment status on the registrar (Kfin Technologies Ltd.) website using their PAN or application details.
⭐ IPO Review – Strengths & Considerations
✔ Strengths
- Growing revenue and profit trajectory shows business scalability.
- Diversified precision engineering product portfolio, serving multiple industry sectors.
- Fresh capital infusion will help expand production capacity and reduce debt.
- Company emphasises quality control, engineering precision and after-sales support, which can strengthen customer relationships.
⚠ Considerations
- The engineering and manufacturing industry is competitive and cyclical in nature.
- Dependence on project-based orders means revenue timing may vary.
- SME IPOs often have lower liquidity post-listing compared with mainboard stocks.
- Business performance can be affected by raw material cost fluctuations.
❌ Weaknesses
- A significant portion of revenue may come from a limited set of clients, exposing the company to client concentration risk.
- Expansion plans may face execution challenges, especially in automation and heavy engineering segments.
- Market demand cycles and economic slowdown can impact industrial orders and margins.
DISCLAMER
The information shared here is intended solely for educational and general awareness purposes. Any securities, investments, or IPO-related details mentioned should not be interpreted as financial advice or investment recommendations. Readers are encouraged to conduct their own independent research or seek guidance from a qualified financial professional before making investment decisions.
IPO-related updates are provided for informational use only. Market trends, past performance, or investor interest do not ensure future outcomes. We are not registered with SEBI. Investments in IPOs and the securities market involve inherent risks, and individuals should carefully evaluate their financial situation or consult a certified financial advisor before investing.
