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InvestmentsIPOShayona Engineering IPO

Shayona Engineering IPO

SME

Open Date

22 Jan 2026

Close Date

27 Jan 2026

Min Investment

₹ 2,88,000

Lot Size

1,000

Issue Size

₹ 14.86 Cr

Price Range

₹ 140 - ₹ 144

Subscribed

5.35 x
status

This IPO is now Live.

Click here for live price
IPO Timeline
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IPO Offer Start
22 Jan 2026
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IPO Offer Ends
27 Jan 2026
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Allotment Finalisation
28 Jan 2026
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Refund Initialisation
29 Jan 2026
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Non-Institutional Buyers (sHNI)
29 Jan 2026
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Listing of Shares
30 Jan 2026
IPO Subscription Details as on 3 Apr 2026, 10:52 AM
Qualified Instituational Buyers (QiB)
3.33 x
Retail
3.6 x
Total
5.35 x
Non-Institutional Buyer (bHNI)
12.46 x
Non-Institutional Buyer (sHNI)
4.63 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Shayona Engineering Limited is a diversified manufacturing company established in 2017, operating through two strategic manufacturing units in Vadodara, Gujarat. The company specializes in precision engineering services including casting, forging, machined parts, structural engineering, and industrial automation, while also manufacturing PVC and HDPE pipes and fittings through its newly commissioned Menpura facility with 250 MT/month capacity targeting agriculture and infrastructure sectors.
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Founded In

2017

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CEO

Gaurav Ratukumar Parekh

Financials of Shayona Engineering IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue12.5715.2623.09
Other Income0.060.020.09
Total Income
12.6315.2823.18
Total Expenses
11.8212.9719.26
Profit Before Tax0.822.313.92
Total Profit
0.611.712.42

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company intends to purchase plant and machinery including TD-32 type High Speed PVC Four Outlet Pipe Extrusion Line and KOLSITE BATTENFELD High Output Extrusion Line for Production of uPVC Pipes to cater to growing demand and diversify into expansion into product range of HDPE and PVC pipes and fittings. Additional lines will enhance capacity, efficiency, and revenue potential.4
The company proposes to utilize the proceeds towards full or partial repayment or pre-payment of certain borrowings availed from Electronica Finance Limited. The company believes that such repayment will help reduce outstanding indebtedness, debt servicing costs, assist in maintaining a favorable debt to equity ratio and enable utilization of internal accruals for further investment in business growth and expansion.2
The company proposes to utilize the proceeds towards funding its working capital requirements. The company has significant working capital requirements and requires additional working capital for funding future growth requirements. The company's business is working capital intensive and to address the current issue of limited working capital and achieve exponential growth, the company plans to infuse funds into working capital from the Issue Proceeds.4
The company intends to utilize a portion of the proceeds for general corporate purposes. The amount to be utilized for general corporate purposes shall not exceed 15% of the Gross Proceeds of the Issue or Rs 10.00 Cr whichever is lower.-
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  • Proven Track Record in Large-Scale Operations: The company has built a strong reputation for delivering high-quality products and services across industries through years of operational excellence and successful large-scale projects, earning clients' trust and satisfaction.
  • Strategic Supply Chain Management: The company's robust procurement network and diverse client base enable effective management of supply chain fluctuations and market demand changes, with strong supplier and customer relationships ensuring stable production.
  • Advanced Technology Investment: The company maintains industry leadership by investing in cutting-edge technology, including planned expansion with modern CNC and VMC machines for handling larger, more complex components, enhancing precision and production flexibility.
  • State-of-the-Art Manufacturing: The company's technological advancement extends to the Shayona Pipe Plant, featuring modern HDPE/PVC pipe extrusion machinery and advanced injection molding systems for delivering premium pipe solutions.
  • Future-Ready Automation: The company is committed to implementing advanced automation systems and technology-driven machinery to boost operational efficiency, reduce production time, and minimize errors while maintaining competitive advantages.

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SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357
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