Shayona Engineering IPO Day 3 update: 3x booked so far

The Shayona Engineering IPO opened for subscription on Thursday, January 22, and will close on Tuesday, January 27. The IPO has been priced in the range of ₹140 to ₹144 per equity share, with a face value of ₹10 per share.

Investors can apply for the IPO with a minimum bid of 1,000 equity shares, and applications can be made in multiples of 1,000 shares thereafter.

About Shayona Engineering Limited

Shayona Engineering Limited operates in the precision engineering space, offering services across precision castings, machining, dies and moulds, industrial automation, heavy fabrication, casting, forging, reverse engineering, and turnkey project machinery.

The company provides customised precision casting solutions in specialised grades, with component weights ranging from a few grams to as much as 3 metric tonnes per single piece. Shayona Engineering operates from three manufacturing locations in Vadodara, Gujarat, equipped with advanced, state-of-the-art technology. The company focuses on delivering accurate engineering solutions along with timely after-sales support, all managed under one roof.

Financial Performance

Shayona Engineering has demonstrated consistent financial growth over the past few years. For the eight-month period ending November 2025, the company reported a profit after tax of ₹2.45 crore on a total income of ₹19.15 crore. In FY2025, the company recorded a profit of ₹2.42 crore, while its net worth stood at ₹9.91 crore as of March 2025.

Shayona Engineering IPO Subscription Status

As per data from chittorgarh.com, the IPO was subscribed 3.22 times on Day 3. The Non-Institutional Investor (NII) segment saw the strongest demand with 5.56 times subscription, while the Qualified Institutional Buyer (QIB) portion was subscribed 3.33 times. The retail investor segment was booked 2.16 times.

Overall, the issue received bids for 31,55,000 shares against 9,80,000 shares on offer as of 12:19 IST on the first bidding day.

Shayona Engineering IPO Details

The IPO is valued at ₹14.86 crore and comprises entirely a fresh issue of 10.32 lakh equity shares. The company plans to utilise the proceeds to purchase plant and machinery, repay secured loans, meet working capital requirements, and fund general corporate purposes.

Horizon Management Pvt. Ltd is the book-running lead manager for the issue, while KFin Technologies Ltd serves as the registrar. Horizon Financial Consultants Pvt. Ltd has been appointed as the market maker.

Shayona Engineering IPO GMP Today

The grey market premium (GMP) for the Shayona Engineering IPO remains nil, indicating that the shares are trading at the issue price of ₹144, with no premium or discount in the grey market, according to data from investorgain.com.