Shayona Engineering Limited IPO

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Shayona provides customized engineering solutions with strong capabilities in precision castings and allied manufacturing. It can deliver single-piece castings from a few grams up to 3 metric tons, supported by strategic alliances using processes such as lost wax/lost foam, sand, and centrifugal casting, making it a one-stop casting solution provider.

Services/products company provide

As per its DRHP milestones, Shayona positions itself as an engineering and manufacturing-focused group offering solutions across machining, dies & moulds, industrial automation, heavy fabrication, casting, forging, reverse engineering and turnkey project machinery.

Pipe & fittings vertical (new expansion)

The company has also outlined an ongoing ~₹30 crore project to set up manufacturing for HDPE fittings, HDPE pipes, PVC fittings and PVC pipes.
Separately, a trademark filing for “Shayona Pipe” indicates products like PVC/CPVC pipes & fittings, HDPE pipes & fittings, suction/ hose pipes and other flexible pipes under the relevant class

Key Competitive Strengths

i) Execution Track Record: Strong history of delivering quality products and executing large-scale projects, building long-term client trust.
ii) Strong Supply Chain Network: Robust procurement and diversified clientele help manage demand shifts and reduce supply disruptions.
iii) Technology & Capacity Expansion: Ongoing investments and planned additions of CNC/VMC machines to improve precision, speed, and capability for complex components.
iv) Modern Manufacturing Infrastructure: Shayona’s pipe plant includes advanced HDPE/PVC extrusion and injection molding systems to serve infrastructure and utilities needs.
v) Automation Focus: Adoption of automation-driven systems to enhance efficiency, reduce errors, and maintain consistent quality while scaling.

Objects of the Shayona Engineering Limited IPO:

Company proposes to utilize the Net Proceeds towards the following objects: i. Purchase of Plant and Machinery for the existing line (₹3.79 cr) ii. Repayment of secured loan from Financial Institution (₹2.17 cr) iii. Working capital requirements (₹4 cr) iv. General Corporate Purposes.

Shayona Engineering Limited IPO Details:

Open Date: Jan 22 2026
Close Date: Jan 27 2026
Total Shares: 10,32,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 15 Cr.
Lot Size: 1000 Shares
Issue Price: ₹ 140-144 Per Equity Share
Listing At: BSE SME
Listing Date: Jan 30 2026

Promoters And Management:

1. Vipul Bhikhabhai Solanki (41)Promoter, Chairman & MD, Associated since incorporation; 20+ years in engineering, leads Shayona Engineering Limited’s strategy/operations with focus on innovation and customer satisfaction; Higher Secondary (GSEB, 2001); Director at Shayona Engineering Pvt. Ltd. since 2017; founded Shayona Engineering Works (2010); ex-Supervisor at Shyam Industries. 2. Gaurav Ratukumar Parekh (54)Promoter & Whole-time Director, Associated since incorporation; 30+ years in engineering/production/operations, Whole-time Director since 2024 driving strategy, financial monitoring, process improvement and key negotiations; Higher Secondary (GSEB, 1988); earlier Director (2017–2024) and held Plant/Project leadership roles across multiple companies (1994–2014). 3. Kinnariben Vipulbhai Solanki (~39)Whole-time Director, Secondary education; ran a boutique business (2010–2020) and now oversees strategic and operational initiatives at Shayona Engineering Limited, supporting growth and compliance, with strengths in management, customer service, design, inventory, marketing, and planning.

Financials of Shayona Engineering Limited IPO:

Particulars 8M FY2025-26 FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations (Cr) 19 23 15 13
EBITDA (Cr) 4 5 3 1
EBITDA Margins 21% 22% 20% 9%
PAT (Cr) 2.5 2.4 1.7 0.6
PAT Margins 13% 10% 11% 5%
ROCE 13% 29% 38% 27%
D/E Ratio 1.83 1.41 1.36 1.72
OPerating Cash Flow 2.3 -2.3 -0.2 -2.6

Comparison With Peers:

Their is no listed Peers Existed in same business Segment.

Lead Manager of Shayona Engineering Limited IPO:

  1. Horizon Management Private Limited

Registrar of Shayona Engineering Limited IPO:

  1. Kfin Technology Private Limited

Discussion on Shayona Engineering Limited IPO:

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