Shayona Engineering IPO

Listed SME Engineering
Open Jan 22
Close Jan 27
Allotment Jan 28
Refund Jan 29
Listing Jan 30

Market Sentiment

Grey Market Premium What is GMP?
+Rs 4
+2.8%
Est. Listing: Rs 148
Updated: Feb 25, 2026 12:00 am
View Full GMP History →
Subscription Status
QIB
3.33x
bNII (>10L)
12.46x
sNII (2-10L)
5.01x
Retail
3.73x
Total
5.49x
Updated: Mar 02, 2026 11:53 pm IST
Analysis Score 42 / 100
Neutral
Data: 80%
GMP Score 40
Subscription Score 25
Financial Health 83

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 2,000 ₹2,88,000
Retail 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 Details

Issue Price₹137-144 per equity share
Face Value₹10 Per Equity Share
Lot Size 1000 shares (Min ₹1,44,000)
Total Issue Size ₹14.86 crore
Fresh Share₹14.86 crore
Issue TypeBook building Issue
Lead ManagerHorizon Management Pvt. Ltd.
RegistrarKfin Technologies Ltd.
Listing atBSE
Listing Price₹151.00
Listing Gain+4.86%

IPO Reservation

Category Shares Offered
QIB12,000
NII (HNI)3,00,000
bNII > ₹10L1,80,000
sNII < ₹10L1,20,000
Retail6,68,000

Financial Analysis

Financial Data
ROE
34.81%
ROCE
29.03%
NAV/Share
Rs 37.45
Revenue Growth
51.70%
Profit Margin
10.44%
Financial Performance
Metric 2023 2024 2025 Nov 2025
Revenue 12.63 15.28 23.18 19.15
Expense 11.82 12.97 19.26 15.94
Profit (PAT) 0.61 1.71 2.42 2.45
Total Assets 7.27 12.58 29.60 41.12
Values in Crores (₹)
Promoters & Holding Pattern

Promoters: Vipul Bhikhabhai Solanki, Kinnariben Vipulbhai Solanki, and Gaurav Ratukumar Parekh

Shareholding No. of Shares Holding %
Promoter Holding Pre Issue 28,60,268 87.29%

Company Information

About Shayona Engineering

Shayona Engineering Ltd is one of the leading companies in terms of machining, dies and moulds, industrial automation, heavy fabrication, casting, forging, reverse engineering, and turnkey project machinery. The company was founded in 2010 with the aim of providing quality work. Now it is famous for giving a top notch solutions along with the technology and equipment. Furthermore, being one of the trustable suppelir for automobiles, pumps, valves, mining equipment, power plants, and other engineering industries, is their future aim. Moreover, as of 15 January 2026, the company employed a workforce of 22 personnel. Finally, the company is going to launch an IPO with the aim of the company’s future growth.

Objects of the Issue
Purpose Amount (Cr)
Purchase of Plant and Machinery for the existing line of our business 3.79
Repayment of secured loan availed by our Company from Financial Institution 2.17
Funding of working capital requirements of our Company 4.00
General Corporate Purpose -

Resources & Documents

Company Contact Information

Shayona Engineering Ltd., Shed No. 113/1,, GIDC, Makarpura,, M.I. Estate,, Vadodara, Gujarat, 390010

Frequently Asked Questions

Shayona Engineering IPO is SME IPO. The company is going to raise ₹14.86 Crores via IPO. The issue is priced at ₹140 to ₹144 per equity share. The IPO is to be listed on BSE.

The IPO is to open on January 22, 2026 for QIB, NII, and Retail Investors. The IPO will close on January 27, 2026.

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

You can apply for Shayona Engineering IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

Shayona Engineering IPO issue size is ₹14.86 crores.

Shayona Engineering IPO Price Band is ₹140 to ₹144.

The minimum bid is 2,000 Shares with ₹2,88,000 amount.

Shayona Engineering IPO allotment date is January 28, 2026.

Shayona Engineering IPO listing date is January 30, 2026. The IPO is to list on BSE.

Understanding Grey Market Premium (GMP)

The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.

How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.

Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.

Factors that influence GMP:

  • Subscription levels — Higher subscription typically drives GMP up
  • Market conditions — Bullish markets tend to boost GMP across all IPOs
  • Company fundamentals — Strong financials and growth potential attract premium
  • Industry sentiment — Positive outlook for the sector can increase demand
  • IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP

Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.

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