{"id":16175,"date":"2026-01-21T15:33:35","date_gmt":"2026-01-21T10:03:35","guid":{"rendered":"https:\/\/www.torusdigital.com\/toruscope\/?p=16175"},"modified":"2026-01-21T16:52:06","modified_gmt":"2026-01-21T11:22:06","slug":"shayona-engineering-ltd-ipo-opens-key-details-investors-shouldnt-miss","status":"publish","type":"post","link":"https:\/\/www.torusdigital.com\/toruscope\/news\/shayona-engineering-ltd-ipo-opens-key-details-investors-shouldnt-miss\/","title":{"rendered":"Shayona Engineering Ltd IPO Opens: Key Details Investors Shouldn\u2019t Miss"},"content":{"rendered":"

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In recent months, India\u2019s IPO market has continued to see healthy participation, particularly from manufacturing and engineering focused companies catering to automation, infrastructure, and industrial segments. With the government\u2019s emphasis on domestic manufacturing and capital expenditure driven growth, precision engineering businesses are gaining investor attention.<\/p>\n

Against this backdrop, Shayona Engineering Ltd. is set to open its IPO on January 22, 2026. Below is a detailed overview of the company, its IPO details, financial performance, peer comparison, and industry outlook.<\/p>\n

<\/span>About Shayona Engineering Ltd.<\/strong><\/span><\/h2>\n

Incorporated in 2017, Shayona Engineering Limited is engaged in the business of precision castings, machining, dies and moulds, industrial automation, heavy fabrication, forging, reverse engineering, and turnkey project machinery.<\/p>\n

The company offers customised engineering solutions for precision castings in special grades, with component weights ranging from a few grams to as high as 3 metric tons in a single piece. Shayona Engineering delivers end to end solutions under one roof, covering design, manufacturing, machining, assembly, and after sales support.<\/p>\n

The company operates from three manufacturing locations in Vadodara, Gujarat, equipped with advanced technology driven machinery to ensure precision, scalability, and timely execution.<\/p>\n

<\/span>Key Products and Solutions<\/strong><\/span><\/h3>\n

\u2022 Tubular conveying systems
\n\u2022 Die head trolleys and mixing machines
\n\u2022 CNC and VMC machined components
\n\u2022 Heavy metal fabrication solutions
\n\u2022 Process automation equipment<\/p>\n

<\/span>Shayona Engineering Ltd. IPO Details<\/strong><\/span><\/h2>\n

Shayona Engineering Ltd. plans to raise \u20b914.86 crore through a fresh issue of equity shares. The net proceeds from the IPO will be utilised towards purchasing plant and machinery, repayment of secured loans, funding working capital requirements, and general corporate purposes.<\/p>\n

<\/span>Important IPO Timeline<\/strong><\/span><\/h2>\n\n\n\n\n\n\n\n\n\n\n\n
Event<\/th>\nDate<\/th>\n<\/tr>\n<\/thead>\n
IPO Open Date<\/td>\nJanuary 22, 2026<\/td>\n<\/tr>\n
IPO Close Date<\/td>\nJanuary 27, 2026<\/td>\n<\/tr>\n
Allotment Date<\/td>\nJanuary 28, 2026<\/td>\n<\/tr>\n
Initiation of Refunds<\/td>\nJanuary 29, 2026<\/td>\n<\/tr>\n
Credit of Shares to Demat<\/td>\nJanuary 29, 2026<\/td>\n<\/tr>\n
Listing Date<\/td>\nJanuary 30, 2026<\/td>\n<\/tr>\n
Cut off time for UPI mandate<\/td>\n5 PM on January 27, 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Key IPO Details<\/strong><\/span><\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Particulars<\/th>\nDetails<\/th>\n<\/tr>\n<\/thead>\n
Face Value<\/td>\n\u20b910 per share<\/td>\n<\/tr>\n
Issue Price Band<\/td>\n\u20b9140 to \u20b9144 per share<\/td>\n<\/tr>\n
Lot Size<\/td>\n1,000 shares<\/td>\n<\/tr>\n
Total Issue Size<\/td>\n10,32,000 shares aggregating to \u20b914.86 Cr<\/td>\n<\/tr>\n
Fresh Issue<\/td>\n10,32,000 shares<\/td>\n<\/tr>\n
Issue Type<\/td>\nBookbuilding IPO<\/td>\n<\/tr>\n
Listing At<\/td>\nBSE SME<\/td>\n<\/tr>\n
Shareholding Pre Issue<\/td>\n28,60,268 shares<\/td>\n<\/tr>\n
Shareholding Post Issue<\/td>\n38,92,268 shares<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Lot Size of Shayona Engineering Ltd. IPO<\/strong><\/span><\/h2>\n\n\n\n\n\n\n\n\n\n
Application<\/th>\nLots<\/th>\nShares<\/th>\nAmount<\/th>\n<\/tr>\n<\/thead>\n
Retail (Min)<\/td>\n2<\/td>\n2,000<\/td>\n\u20b92,88,000<\/td>\n<\/tr>\n
Retail (Max)<\/td>\n2<\/td>\n2,000<\/td>\n\u20b92,88,000<\/td>\n<\/tr>\n
S HNI (Min)<\/td>\n3<\/td>\n3,000<\/td>\n\u20b94,32,000<\/td>\n<\/tr>\n
S HNI (Max)<\/td>\n6<\/td>\n6,000<\/td>\n\u20b98,64,000<\/td>\n<\/tr>\n
B HNI (Min)<\/td>\n7<\/td>\n7,000<\/td>\n\u20b910,08,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Shayona Engineering Ltd. Financials<\/strong><\/span><\/h2>\n

The Shayona Engineering IPO is valued at a pre issue market capitalisation of \u20b956.05 crore. As of November 30, 2025, the company reported stable profitability with healthy operating margins, supported by integrated manufacturing capabilities.<\/p>\n

<\/span>Key Company Financials<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n
Period Ended<\/th>\n30 Nov 2025<\/th>\n31 Mar 2025<\/th>\n31 Mar 2024<\/th>\n31 Mar 2023<\/th>\n<\/tr>\n<\/thead>\n
Assets (\u20b9 Cr)<\/td>\n41.12<\/td>\n29.60<\/td>\n12.58<\/td>\n7.27<\/td>\n<\/tr>\n
Total Income (\u20b9 Cr)<\/td>\n19.15<\/td>\n23.18<\/td>\n15.28<\/td>\n12.63<\/td>\n<\/tr>\n
Profit After Tax (\u20b9 Cr)<\/td>\n2.45<\/td>\n2.42<\/td>\n1.71<\/td>\n0.61<\/td>\n<\/tr>\n
EBITDA (\u20b9 Cr)<\/td>\n4.08<\/td>\n5.00<\/td>\n3.00<\/td>\n1.15<\/td>\n<\/tr>\n
Net Worth (\u20b9 Cr)<\/td>\n12.36<\/td>\n9.91<\/td>\n3.99<\/td>\n2.01<\/td>\n<\/tr>\n
Total Borrowing (\u20b9 Cr)<\/td>\n22.61<\/td>\n13.92<\/td>\n5.42<\/td>\n3.45<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Shayona Engineering Ltd. IPO: Peer Comparison<\/strong><\/span><\/h2>\n

Shayona Engineering Ltd. operates in the precision engineering and customised manufacturing segment, which includes castings, machining, automation equipment, and heavy fabrication. While many comparable players operate in the unlisted SME space, a comparison with industry benchmarks helps investors evaluate the company\u2019s relative positioning.<\/p>\n

<\/span>Peer Comparison Table<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n
Parameters<\/th>\nShayona Engineering Ltd.<\/th>\nIndustry Benchmark (SME Engineering)<\/th>\n<\/tr>\n<\/thead>\n
Business Focus<\/td>\nPrecision castings, automation, fabrication<\/td>\nPrecision engineering and fabrication<\/td>\n<\/tr>\n
Revenue Scale<\/td>\nModerate SME scale<\/td>\nSmall to mid sized<\/td>\n<\/tr>\n
EBITDA Margin<\/td>\nAbove 21 percent<\/td>\nMid teens to low twenties<\/td>\n<\/tr>\n
RoNW<\/td>\n22.01 percent<\/td>\nMid teens<\/td>\n<\/tr>\n
Debt Equity Ratio<\/td>\n1.83<\/td>\nModerate leverage<\/td>\n<\/tr>\n
Order Type<\/td>\nCustomised and turnkey<\/td>\nMix of standard and customised<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This comparison highlights Shayona Engineering\u2019s focus on higher margin customised engineering solutions, though investors should also factor in leverage levels and project execution risks typical of SME engineering businesses.<\/p>\n

<\/span>Competitive Strengths<\/strong><\/span><\/h2>\n

\u2022 Proven track record in executing customised and large scale engineering projects
\n\u2022 Integrated manufacturing and machining capabilities under one roof
\n\u2022 Advanced technology investments supporting precision and automation
\n\u2022 State of the art manufacturing facilities located in an industrial hub
\n\u2022 Future ready automation solutions catering to evolving industrial demand<\/p>\n

<\/span>Shayona Engineering Ltd.: Industry Outlook<\/strong><\/span><\/h2>\n

\u2022 Rising demand for precision engineering and automation driven manufacturing solutions
\n\u2022 Increased adoption of industrial automation to improve productivity and efficiency
\n\u2022 Government push towards domestic manufacturing supporting engineering companies
\n\u2022 Growing requirement for customised fabrication and turnkey machinery across industries<\/p>\n

<\/span>Conclusion<\/strong><\/span><\/h2>\n

Shayona Engineering Ltd. presents a niche investment opportunity within the precision engineering and automation segment. The company\u2019s integrated capabilities, consistent financial performance, and focus on customised solutions position it well for industrial demand growth. However, investors should carefully consider risks related to leverage, competitive pricing, and cyclical industrial demand before investing.<\/p>\n

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