Shayona Engineering IPO Details
| Detail | Description |
|---|---|
| IPO Date | 22 to 27 Jan, 2026 |
| Listing Date | Fri, Jan 30, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 140 to ₹ 144 |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 10,32,000 shares (agg. up to ₹ 15 Cr) |
| Reserved for Market Maker | 52,000 shares (agg. up to ₹ 0.7488 Cr) Horizon Financial Consultants Pvt.Ltd. |
| Net Offered to Public | 9,80,000 shares (agg. up to ₹ 14 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 28,60,268 shares |
| Share Holding Post Issue | 38,92,268 shares |
About Shayona Engineering IPO
Shayona Engineering IPO is a bookbuilding issue of ₹14.86 cr, an entire fresh shares issue, with a price band set at ₹140 to ₹144 per share. The lot size for an application is 1,000 and the minimum amount of investment required by an individual investor is ₹2,88,000 (2,000 shares). Shayona IPO will open for subscription on January 22, 2026 and closes on January 27, 2026. IPO will list on the BSE SME with a tentative listing date fixed as January 30, 2026.
Company Background
Shayona Engineering Ltd. was established in 2017, based in Vadodara, evolved from a specialized fabrication unit into a multi-faceted manufacturing powerhouse. The company operates two high-growth verticals: Precision Engineering, producing high-grade castings and industrial automation components, and Piping Infrastructure, manufacturing HDPE and PVC pipes. With a modern production facility in Menpura boasting a 250 MT monthly capacity, the firm serves critical sectors like agriculture and construction.
Operations and Product Range
Facility and Production
Shayona Engineering Ltd. operates 2 strategic manufacturing units in Vadodara, Gujarat. The Makarpura facility handles heavy fabrication and precision engineering, while the newly commissioned Menpura plant focuses on high-capacity extrusion. This pipe plant has a production capacity of 250 MT per month, manufacturing advanced PVC and HDPE pipes and fittings for infrastructure, to manage the demand and supply in the market.
Brands and Market Presence
Shayona Engineering Ltd. Is a well-known company, as they work in the agriculture and infrastructure sectors. Shayona Engineering Ltd. sells its products under the name of “Shayona Pipe”. The company is located in Gujarat, which is a big industrial area that helps Shayona Engineering Ltd. to work with different clients all over India. When people think of Shayona Engineering Ltd., they think of a company that does things well and provides everything you need for engineering, which is what Shayona Pipe is all about.
Revenue Channels
- • Product Sales (pipes and fittings)
- • Engineering Services (custom machining and structural work)
- • Turnkey Projects (industrial automation)
The company has shown explosive growth, with operational revenue jumping from ₹15.24 crore in FY24 to over ₹23 crore in FY25, driven largely by its expansion into the piping segment.
Management and Shareholding
Promoters and Shareholding
Shayona Engineering Ltd.’s founding promoters: Vipul Bhikhabhai Solanki, Gaurav Ratukumar Parekh, and Kinnariben Vipulbhai Solanki. Before Shayona Engineering IPO, the promoters held a combined stake of 87.29%. The public issue is designed to dilute a portion of this holding to fund machinery purchases and debt optimization.
Board Members
The leadership team features Vipul Bhikhabhai Solanki as Chairman & Managing Director and Gaurav Ratukumar Parekh as Whole-Time Director and CEO. They are supported by a board of independent directors, including experts like Miteshkumar Rana and Arpita Shah, ensuring high standards of corporate governance and strategic oversight for the listed entity.
Shayona Engineering IPO Objective
- • Purchase of equipment for the existing line of the business
- • Repayment of debt
- • Funding of the working capital requirements in the company
- • General corporate expenses
Conclusion
Shayona Engineering IPO provides an opportunity to be a part of a growing company by owning some stakes. This company represents a successful transition from a small proprietorship (est. 2017) to a publicly listed SME powerhouse, with a massive 52% revenue CAGR and a clear focus on the high-growth infrastructure and agriculture sectors. The company is well-positioned to leverage its new IPO capital for long-term market dominance.
Shayona Engineering IPO Financial Information
Latest Revenue
19.15
₹ Crore
Profit After Tax
2.45
₹ Crore
Net Worth
12.36
₹ Crore
Total Borrowing
22.61
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 30 Nov 2025 | 41.12 | 19.15 | 2.45 | 12.36 | 9.50 | 22.61 | |||
| 31 Mar 2025 | 29.60 | 23.18 | 2.42 | 9.91 | 7.05 | 13.92 | |||
| 31 Mar 2024 | 12.58 | 15.28 | 1.71 | 3.99 | 1.72 | 5.42 | |||
| 31 Mar 2023 | 7.27 | 12.63 | 0.61 | 2.01 | 1.01 | 3.45 | |||
| Amount in ₹ Crore | |||||||||
Shayona Engineering Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | 29.03% |
| Debt/Equity | - |
| RoNW | 34.81% |
| PAT Margin | 10.44% |
| EBITDA Margin | 21.64% |
| Price to Book Value | 4.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.46 | 9.44 |
| P/E (x) | 17.03 | 15.25 |
Frequently Asked Questions
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Competitive Strengths
Advanced technology investment
Established track record in large-scale operations
Future-ready automation
Download regulatory filings
Shayona Engineering IPO Timeline
| IPO Open Date | Thu, Jan 22, 2026 |
| IPO Close Date | Tue, Jan 27, 2026 |
| Tentative Allotment | Wed, Jan 28, 2026 |
| Initiation of Refunds | Thu, Jan 29, 2026 |
| Credit of Shares to Demat | Thu, Jan 29, 2026 |
| Tentative Listing Date | Fri, Jan 30, 2026 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,88,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,88,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,32,000 |
| S-HNI (Max) | 6 | 6,000 | ₹8,64,000 |
| B-HNI (Min) | 7 | 7,000 | ₹10,08,000 |