Shayona Engineering IPO

About the company

Vadodara-based Shayona Engineering is a precision engineering and manufacturing company incorporated in 2017 and has since been converted into a public limited company with effect from July 2024. The product portfolio is diversified by CNC-machined and fabricated components, precision castings, industrial automation and conveying systems, process equipment, PVC and HDPE pipes, fittings, sprinklers, and extrusion downstream machinery. The company caters to automotive, oil & gas, chemicals, infrastructure, irrigation, water management, power, pharmaceuticals, and plastics processing industries. In FY25, the engineering segment contributed 96.19% of total revenue, followed by the casting segment at 2.02% and the plastic (PVC/HDPE) segment at 1.79%. Domestic markets accounted for 97.01% of revenue, whereas export operations contributed 2.99%, primarily to Canada. Within India, Gujarat contributed 98.59% of domestic revenue. The company operates three manufacturing units in Vadodara with disclosed capacities for 2 key units - Unit-I (Engineering) with an installed capacity of 30,00,000 nos with utilisation of 97.05%, and Unit-II (PVC/HDPE) withan installed capacity of 3,20,000 nos with utilisation of 64.14% in FY25.

GMP trend (Grey Market Premium by date)

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   22 Jan 2026

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   27 Jan 2026

   Last day to place your bid

3. Basis of Allotment

   Completed
   28 Jan 2026

   Share allotment finalised

4. Refund Initiation

   Completed
   29 Jan 2026

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   29 Jan 2026

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   30 Jan 2026

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.