Shayona Engineering IPO: GMP, price band, subscription & key details

Shayona Engineering’s IPO opens on Thursday, entering the SME market with a flat grey market premium, signaling modest expectations of listing gains. The Rs 14.86 crore issue comprises 10.32 lakh fresh shares, priced at Rs 140–144 each. Subscription closes on January 27, with listing on BSE SME slated for January 30.

Market trackers report a 0% grey market premium, reflecting cautious investor sentiment toward small manufacturing IPOs amid broader market volatility.

About the Company

Shayona Engineering, based in Vadodara, Gujarat, operates in precision engineering, offering precision castings, machining, dies & moulds, industrial automation, heavy fabrication, forging, and turnkey machinery projects. The firm also provides reverse engineering and customized components, including single-piece castings up to three tonnes. Its three facilities allow end-to-end design, manufacturing, and after-sales support, covering products like tubular conveying systems, CNC and VMC machined components, die head trolleys, heavy metal fabrication solutions, and process automation equipment.

Financial Snapshot

For the eight months ended November 2025, Shayona posted a PAT of Rs 2.45 crore on Rs 19.15 crore revenue. FY25 profit was Rs 2.42 crore, with net worth of Rs 9.91 crore as of March 2025.

IPO Objectives

Proceeds will fund plant and machinery purchases, repay secured loans, support working capital, and cover general corporate expenses. Analysts note that investor response will hinge on execution capabilities, order visibility, and margin sustainability rather than short-term listing gains.