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Shayona Engineering Limited, incorporated in 2017 after operating as a proprietorship since 2010, is a Vadodara-based company specializing in precision engineering and manufacturing solutions. The company provides a wide range of services including CNC machining, heavy metal fabrication, casting, forging, and industrial automation for diverse sectors such as automotive, aerospace, and defense. Shayona Engineering has recently expanded its operations by establishing a new manufacturing facility for HDPE and PVC pipes and fittings, catering to the growing agricultural and infrastructure markets.
Jan 22, 2026
Jan 27, 2026
Jan 30, 2026
SME
Closed
15 Cr
14.86 Cr
0 Cr
₹140 - ₹144
1000
The Net Proceeds from the Issue are proposed to be utilized towards funding the following objects:
Funding the purchase of new Plant and Machinery, including high-speed PVC pipe extrusion lines and high-output uPVC pipe extrusion lines, to upgrade and expand the existing line of business, costing up to ₹3.79 crores.
Full or partial repayment of a secured term loan from Electronica Finance Limited to reduce outstanding indebtedness and debt servicing costs, with an allocation of up to ₹2.17 crores.
Meeting the growing working capital requirements of the company to support operational scale-up, expansion into new geographies, and funding future growth, with up to ₹4.00 crores allocated for this purpose.
Utilizing the remaining funds for general corporate purposes, which may include brand building, marketing efforts, funding strategic initiatives, or meeting exigencies in the ordinary course of business.
17.03
8.46
22.01%
13.08%
22.01%
—
12.8%
21.33%
3.33
Proven track record in large-scale precision engineering projects across diverse industries like automotive, aerospace, and defense.
State-of-the-art manufacturing facilities with advanced CNC, VMC, and modern HDPE/PVC pipe extrusion machinery.
Strong in-house design, development, and reverse engineering capabilities, offering customized and turnkey solutions.
Diversified business model with verticals in engineering, plastics, and casting, reducing dependency on a single sector.
High customer concentration, with top five customers contributing to over 76% of revenue in the latest period.
Relatively new entrant in the competitive PVC and HDPE pipes and fittings market.
Significant and increasing working capital requirements driven by rising trade receivables.
Exposure to foreign exchange fluctuation risks due to export operations, primarily to Canada.
Capitalize on government initiatives like 'Make in India' and PLI schemes to boost domestic manufacturing.
Expand presence in the high-growth plastic pipes market, driven by infrastructure projects like Jal Jeevan Mission.
Increase export footprint beyond Canada by leveraging cost-competitive manufacturing advantages.
Adopt Industry 4.0 technologies and automation to further enhance operational efficiency and product quality.
Volatility in the prices of key raw materials such as steel, aluminum, and plastic resins.
Shortage of skilled labor in specialized areas like CNC machining and automation programming.
Intense competition from both the organized and unorganized sectors, which creates pricing pressure.
Potential global supply chain disruptions affecting the timely procurement of critical components and machinery.
Shayona Engineering Limited, incorporated in 2017 after operating as a proprietorship since 2010, is a Vadodara-based company specializing in precision engineering and manufacturing solutions. The company provides a wide range of services including CNC machining, heavy metal fabrication, casting, forging, and industrial automation for diverse sectors such as automotive, aerospace, and defense. Shayona Engineering has recently expanded its operations by establishing a new manufacturing facility for HDPE and PVC pipes and fittings, catering to the growing agricultural and infrastructure markets.
The Shayona Engineering Ltd. IPO is scheduled to open for subscription on Jan 22, 2026 and close on Jan 27, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Shayona Engineering Ltd. IPO is ₹140 to ₹144. Investors can place bids within this range once the issue opens.
The minimum lot size for the Shayona Engineering Ltd. IPO is 1000 shares. The minimum investment amount ₹1,44,000.
The total issue size of the Shayona Engineering Ltd. IPO is approximately ₹15.00. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Shayona Engineering Ltd. IPO has been subscribed 1.36 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Shayona Engineering Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Shayona Engineering Ltd. are expected to list on stock exchanges on Jan 30, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Shayona Engineering Ltd. IPO are proposed to be used for The Net Proceeds from the Issue are proposed to be utilized towards funding the following objects:, Funding the purchase of new Plant and Machinery, including high-speed PVC pipe extrusion lines and high-output uPVC pipe extrusion lines, to upgrade and expand the existing line of business, costing up to ₹3.79 crores., Full or partial repayment of a secured term loan from Electronica Finance Limited to reduce outstanding indebtedness and debt servicing costs, with an allocation of up to ₹2.17 crores., Meeting the growing working capital requirements of the company to support operational scale-up, expansion into new geographies, and funding future growth, with up to ₹4.00 crores allocated for this purpose., Utilizing the remaining funds for general corporate purposes, which may include brand building, marketing efforts, funding strategic initiatives, or meeting exigencies in the ordinary course of business.
Before applying for the Shayona Engineering Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
