Shayona Engineering IPO opens for subscription on January 22, 2026, and closes on January 27, 2026, raising ₹14.86 crore through a fresh issue listed on BSE SME. The Vadodara-based firm specializes in manufacturing tubular conveying systems, die head trolleys, mixing machines, CNC machined components, heavy metal fabrication, and process automation equipment for industrial applications. Shayona Engineering IPO offers exposure to India’s industrial manufacturing growth and infrastructure development.
₹4
₹144
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Expert Opinions
Market sentiment for Shayona Engineering IPO leans cautious among SME watchers, balancing manufacturing growth against debt concerns and full pricing. Company strengths include one-stop solutions for custom castings, tubular conveying systems, and CNC machining serving automotive and infrastructure clients, with FY25 revenue of ₹23.18 crore and PAT of ₹2.42 crore. Risks feature elevated debt/equity ratio of 1.83, expansion execution, and raw material volatility.
Valuation analysis for Shayona Engineering IPO and year 2025 highlights Return on Equity (ROE) of 34.81%, ROCE of 29.03%, and Net Asset Value (NAV) of ₹37.45, commanding P/E of 23.15 on FY25 earnings. Long-term investment perspective supports medium-term holding for cash surplus investors anticipating revenue doubling via capacity upgrades and long-term contracts.
Investor Considerations
Shayona Engineering IPO investors should analyze the company’s accelerating performance, with revenue jumping 51.64% to ₹23.18 crore and PAT rising 41.52% to ₹2.42 crore in FY 2025, fueled by diversified engineering solutions. Industrial manufacturing sector outlook benefits from infrastructure capex and ‘Make in India’ initiatives targeting 10% GDP contribution. Valuation analysis for Shayona Engineering IPO in 2025 shows Price to Book Value of 4.16, PAT Margin of 10.44%, and RONW of 34.81%, positioning it attractively versus SME peers.
Growth prospects feature machinery upgrades enhancing capacity for tubular systems and CNC components amid rising orders. Risk factors include high Debt/Equity of 1.83, negative operating cash flows historically, and client/project concentration. Long-term investment goals reward infrastructure exposure, contrasting short-term SME liquidity and expansion uncertainties.
| Date | GMP | Trend |
|---|---|---|
| 29 Jan 2026 20.02 | ₹4 | Up |
| 28 Jan 2026 20.35 | ₹00 | --- |
| 27 Jan 2026 21.32 | ₹00 | --- |
| 26 Jan 2026 18.35 | ₹00 | --- |
| 22 Jan 2026 21.15 | ₹00 | --- |
| 21 Jan 2026 20.30 | ₹00 | --- |
| 19 Jan 2026 20.30 | ₹00 | --- |
| 18 Jan 2026 13.21 | ₹00 | --- |
FAQs
Shayona Engineering IPO Current GMP is ₹4.
Shayona Engineering IPO Expected Returns is 2.78%.
Shayona Engineering IPO estimated listing price is ₹148.