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.