Shayona Engineering IPO
Market Sentiment
Market Lot Size
IPO Details
IPO Reservation
Financial Analysis
| 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 |
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
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.
| 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
Shayona Engineering Ltd., Shed No. 113/1,, GIDC, Makarpura,, M.I. Estate,, Vadodara, Gujarat, 390010
Shayona Engineering has set a price band of Rs 137–Rs 144 per share for an issue size of Rs 15 crore in the engineering sector. The stock listed with a 4.86% gain versus its issue price on January 30, 2026.
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. The company operates in the engineering space.
The issue is promoted by Vipul Bhikhabhai Solanki, Kinnariben Vipulbhai Solanki, and Gaurav Ratukumar Parekh with Horizon Management Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Purchase of Plant and Machinery for the existing line of our business (Rs 4 crore) and Repayment of secured loan availed by our Company from Financial Institution (Rs 2 crore).
Grey market is quoting a premium of +Rs 4 (+2.8% over issue price). Final subscription data records overall subscription at 5.49x, retail at 3.73x, QIB at 3.33x, NII at 9.48x.
On fundamentals, the company is posting revenue growth of 51.7%, a profit margin of 10.4%, return on equity of 34.8% in its most recent reported period.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
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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