Shayona Engineering IPO

About Shayona Engineering Ltd IPO

Shayona Engineering IPO comprises a fresh issue and no offer for sale. The fresh issue comprises 10,32,000 equity shares. The lot size of shares in the IPO is 1000 and the price band of shares is between ₹140 to ₹144.

Shayona Engineering IPO opens on January 22, 2026, and closes on January 27, 2026. The allotment of shares will take place on January 28, 2026. The credit of shares to the Demat account will take place on January 29, 2026. The initiation of refunds will take place on January 29, 2026. The listing of shares will take place on January 30, 2026.

The minimum investment amount required by a retail investor is ₹2,88,000 based on the upper price. The minimum lot for retail investors is 2 (2000 shares).

Shayona Engineering initially focused on basic machining and fabrication services. Today, it is into machining, dies, moulds, industrial automation, heavy fabrication, casting, forging, reverse engineering and turnkey project machinery.

Objectives of Shayona Engineering Ltd IPO

The company proposes to utilise the IPO proceeds for:

• Purchase of plant and machinery for the existing line of its business
• Repayment of secured loan availed by the company from financial institutions
• Funding of the working capital requirements of the company
• General corporate purposes

Industry Outlook

The precision engineering and manufacturing sector in India encompasses the production of high-accuracy components, systems, and equipment critical to industries such as automotive, aerospace, electronics, medical devices, and defence.

Globally, the precision engineering market is significantly larger, valued at approximately USD 197 billion in 2025 and expected to grow at a CAGR of 8.1% to reach USD 342.57 billion by 2032. India’s contribution to the global market, while modest, is expanding due to its cost-competitive manufacturing and technological advancements.

As of 2025, the Indian precision engineering market is estimated at USD 535 million and is projected to reach USD 930 million by 2033, exhibiting a robust compound annual growth rate (CAGR) of 7.2% during 2025-2033.

Company Information

Shayona Engineering initially focused on basic machining and fabrication services. Today, it is into machining, dies, moulds, industrial automation, heavy fabrication, casting, forging, reverse engineering and turnkey project machinery. Since its establishment, the company has shown remarkable growth, evolving from modest beginnings into a prominent manufacturing sector player through strategic investments in technology, product diversification, and manufacturing capabilities.

Strengths of Shayona Engineering

1. Diverse product portfolio
2. Integrated operations and economies of scale
3. Established client relationships
4. Commitment to quality
5. Experienced team

Risks of Shayona Engineering Ltd

1. Significant reduction in purchases by one or more customers could adversely affect financial performance
2. Company is subject to export obligations under the EPCG scheme non-fulfilment of such obligations may lead to financial liabilities
3. Any variation from the customer specification may lead to increase in cost or reduce margins
4. Inability to procure the desired quality, quantity of raw materials and components in a timely manner and at reasonable costs, or at all, may have a material adverse effect on business
5. Failure to identify and understand the trends may materially adversely affect business

Peer Comparison

There are no listed peers of the company as on the date of its red herring prospectus.

Anchor Investor Bidding Date : NA

IPO Registrar and Book Running Lead Manager

• IPO Registrar: KFin Technologies Ltd
• Book Running Lead Manager: Horizon Management Pvt Ltd

Business Model

The core business of Shayona Engineering includes:

• Casting and forging
• Machined parts
• Structural engineering
• Industrial automation
• Industrial design

Company Growth Trajectory

The revenue from operations of Shayona Engineering grew from ₹12.5687 crores in FY 23 to ₹23.0883 crores in FY 25. Its EBITDA margin increased from 9.18% in FY 23 to 21.64% in FY 25, while PAT margin increased from 4.81% in FY 23 to 10.44% in FY 25. Diverse product portfolio and established client relationships have helped the company grow over the years.

Market Position

Since its establishment, Shayona Engineering has shown remarkable growth, evolving from modest beginnings into a prominent manufacturing sector player through strategic investments in technology, product diversification and manufacturing capabilities.

How to Apply for Shayona Engineering Ltd IPO?

• Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.