Company Overview
Shayona Engineering Limited started in 2017 and makes precision metal parts using casting (pouring melted metal into molds), machining (shaping with machines), dies and molds (special tools for making parts), heavy metal structures, and full factory setup projects. They serve industries like power plants, oil refineries, chemicals, cement, steel, and mining by making custom machine parts that need to be very accurate and strong. Their workshop is in Ahmedabad, Gujarat, with machines for casting up to 5 tons and full testing to ensure quality.
READ FULL DRHP HERE: Shayona Engineering DRHP
IPO Details
| Detail | Information |
|---|---|
| Issue Open Date | January 22, 2026 |
| Issue Close Date | January 27, 2026 |
| Listing Date | January 30, 2026 on BSE SME |
| Price Band | ₹140 to ₹144 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,000 shares (minimum apply for 2,000 shares or 2 lots) |
| Minimum Amount for Retail | ₹2,88,000 (at upper price) |
| Total Size | 10,32,000 shares worth up to ₹15 crores |
| Fresh Issue | 10,32,000 shares (₹14.86 crores) |
| Offer For Sale | None |
| Market Maker | 52,000 shares |
Retail investors get 64.73% shares, big investors (HNI) 29.07%, and others a small part.
REGISTRAR: Kfin Technologies Ltd CLICK HERE
Use of IPO Money
The company will use the money raised (net proceeds from fresh issue, about ₹13.50 crore after fees) in these simple ways:
- ₹3.79 crores to buy new plant and machines for their current casting and machining work.
- ₹2.17 crores to pay back some bank loans to cut interest costs.
- ₹4.00 crores for working capital, meaning money to buy raw materials like metal, pay workers, and handle daily orders without extra borrowing.
- Rest for general company needs like small upgrades or bills.
This helps the company grow machines, reduce debt, and run smoother.
Key Financials and Growth
| Period | Total Income | Profit After Tax (PAT) | EBITDA (profit before some costs) | Net Worth (company value) | Borrowings (loans) |
|---|---|---|---|---|---|
| Nov 2025 (9 months) | 19.15 | (Data not full) | (Improving) | ~25 est. | Low post-IPO |
| Mar 2025 | 23.18 | Profitable | Positive | Growing | Reducing |
| Mar 2024 | 15.28 | Good growth | Stronger | 12.58 | Higher |
| Mar 2023 | 12.63 | Base | Base | 7.27 | Base |
Income grew from ₹12.63 Cr in 2023 to ₹23.18 Cr in 2025 (83% jump). Assets doubled from ₹7.27 Cr to ₹29.60 Cr. PAT and EBITDA rising fast with better margins (profits now 8-10% of sales est.). Debt to equity improving as they repay loans. ROE around 25-30% shows good use of money.
Strengths
- Fast sales growth from ₹12 Cr to ₹23 Cr in two years shows rising demand for their metal parts.
- Modern machines and full in-house making (from casting to testing) keep quality high and delivery quick.
- Serves big industries like power and oil that need reliable parts long-term.
- Profits and margins improving fast, low debt after IPO.
- Experienced promoters in engineering since years.
Key Concerns and Risks
- Young company (only 8 years old), so limited history if big clients slow orders.
- Depends on few industries—if oil/steel slows, sales drop (check DRHP client list).
- Raw metal prices can rise and hurt profits if not passed to buyers.
- SME IPO means smaller size, shares harder to buy/sell fast after listing, price swings big.
- Competition from larger engineering firms; need to grow capacity quick.
Promoters hold 87% pre-IPO, strong skin in game. Always check full DRHP for exact risks.
IPO FAQS
What is an IPO?
- An IPO (Initial Public Offering) is when a private company sells its shares to the public for the first time to raise money.
- Example: If a well-known pizza company wants to grow, it can list its shares on the stock exchange so anyone can buy a piece of the company.
How can you apply for an IPO (using Zerodha or Upstox)?
- Make sure you have a Demat account and your bank account is linked.
- Steps:
- Log in to your broker’s app (e.g., Zerodha Kite, Upstox).
- Go to the IPO section.
- Select the company’s IPO you want to apply for.
- Enter how many shares (or ‘lots’) you want and the price you wish to bid.
- Enter your UPI ID, submit your application, and approve the UPI payment request.
How are IPO shares allotted?
- If more people want shares than are available, the company uses a lottery system to decide who gets them.
- If you don’t get shares, your money is simply returned.
What is GMP (Grey Market Premium)?
- GMP shows the extra price people are willing to pay for IPO shares before they officially start trading.
- Example: If IPO price is ₹100 and GMP is ₹20, people are unofficially ready to pay ₹120. It hints at the IPO’s popularity but isn’t a guarantee.
Where to check upcoming IPOs (IPO calendar)?
- Visit popular finance sites like Chittorgarh, IPOWatch, or official exchange websites (NSE, BSE) and look for the “Upcoming IPO” section.
What are IPO listing gains?
- If the share’s price rises on the first trading day, you can make instant profit.
- Example: You buy at ₹150, and it opens at ₹200, you gain ₹50 per share.
How can you make profit from an IPO?
- Quick gains on listing day (if the stock price goes up).
- Long-term: If the company grows, the share price could increase further.
Which IPO is best to buy?
- There is no single best IPO. Check the company’s background, current demand, and GMP, but always research before investing.
- High GMP or popularity doesn’t guarantee profits.
Are IPOs safe?
- IPOs can be profitable but also risky; prices can go up or down sharply.
- Only invest if you are ready for potential losses.
How to check IPO allotment status?
- After the IPO process, check on exchanges (BSE/NSE websites) or the IPO registrar’s site (like K-Fintech, Bigshare,or mufg-intime) by entering your PAN or application number to see if you got shares.
Important Tips for Retail Investors Applying for an IPO
- Use Only Your Own PAN Card:
Avoid using the same PAN card for multiple IPO applications. For example, if you have already applied using your PAN for one IPO, don’t try to apply again with the same PAN under different accounts or through others. - Apply in the Right Category:
Ensure you select the correct investor category (such as Retail Individual Investor) when filling out your application. Applying under a wrong category can lead to rejection or disqualification. - Maintain Sufficient Bank Balance:
Before applying, ensure your bank account linked to the application has enough funds to cover the full bid amount. For instance, if the IPO application requires a payment of ₹15000, make sure your account holds at least that amount. - Use Your Own Bank Account:
Always apply through your own bank account. Using someone else’s account can cause your application to be rejected during the verification process. - Avoid Last-Minute Applications:
Don’t wait until the deadline day or moments before to apply. Last-minute submissions may face technical glitches or processing delays, reducing the chances of success.