Shayona Engineering IPO Subscription Live
⚡ LIVE IPO UPDATE (Latest)
• Shayona Engineering IPO is witnessing selective subscription with relatively stronger demand from NII/HNI investors.
• Retail participation remains moderate due to high ticket size and SME risk perception.
• QIB participation is muted, which is common in SME IPOs.
• SME IPO subscriptions usually surge on the final bidding day.
Market Insight: If total subscription crosses 3x–6x, listing sentiment may improve. Otherwise, listing gains may remain limited or flat.
📌 Shayona Engineering IPO Snapshot
| Parameter | Details |
|---|---|
| Issue Size | ₹14.86 Crore |
| Issue Type | 100% Fresh Issue |
| Total Shares Offered | 10,32,000 Shares |
| Price Band | ₹140 – ₹144 |
| Lot Size | 1,000 Shares |
| Minimum Investment | ₹ (1 Lot) |
| IPO Open Date | 22 January 2026 |
| IPO Close Date | 27 January 2026 |
| Allotment Date | 28 January 2026 |
| Listing Date | 30 January 2026 (Expected) |
| Exchange | BSE SME |
| Registrar | KFin Technologies Limited |
| Lead Manager | Horizon Management Pvt Ltd |
| Offer Value (Calculated) | ₹ Cr |
| Post-IPO Market Cap (Estimated) | ₹ Cr |
| GMP Today | ₹0 – ₹2 (Unofficial) |
📊 Reservation Structure (Correct SME Model)
| Category | Allocation (%) |
|---|---|
| QIB | 50% |
| NII / HNI | 15% |
| Retail | 35% |
📊 Subscription Live Dashboard
| Category | Day 1 | Day 2 | Day 3 (Final) |
|---|---|---|---|
| QIB | 0.00x | Updating | Updating |
| NII / HNI | 1.24x | Updating | Updating |
| Retail | 0.31x | Updating | Updating |
| Total | 0.59x | Updating | Updating |
📊 Day-Wise Subscription Trend
| Day | Total Subscription | Market Sentiment |
|---|---|---|
| Day 1 | 0.59x | NEUTRAL |
| Day 2 | Updating | — |
| Day 3 | Updating | — |
🏭 Company Overview
Shayona Engineering Limited is engaged in precision engineering, fabrication, machining, and industrial manufacturing. The company supplies fabricated components and engineering solutions to infrastructure, industrial, and energy sectors.
💰 Financial Performance (₹ Cr)
| Year | Revenue | PAT |
|---|---|---|
| FY2023 | 12.63 | 0.61 |
| FY2024 | 15.28 | 1.71 |
| FY2025 | 23.18 | 2.42 |
📈 Revenue CAGR
| Revenue CAGR (FY23–FY25) |
📊 Valuation Metrics
| EPS (Post IPO) | ₹9.0 – ₹9.5 |
| P/E Ratio | ~15x – 16x |
| ROE | ~24% – 28% |
| Debt to Equity | ~0.9x – 1.1x |
| Valuation Status | Fairly Valued |
📊 Listing Scenario Model
| Scenario | Expected Listing Price | Probability |
|---|---|---|
| Bear Case | ₹135 – ₹142 | 35% |
| Base Case | ₹143 – ₹155 | 45% |
| Bull Case | ₹156 – ₹175 | 20% |
🧠 Subscription Insight
| Retail Sentiment | Moderate ⚖️ |
| NII Interest | Strong ✅ |
| QIB Participation | Weak ⚠️ |
| Overall Market Mood | Cautious ⚠️ |
| Listing Gain Probability | 20% – 35% |
🤖 Expert IPO Verdict
• GMP Signal: Neutral (₹0).
• Risk Level: High (SME liquidity + working capital risk).
• Listing Outlook: Flat to mild premium unless final-day subscription spikes.
🏁 Final Verdict
Shayona Engineering IPO remains a high-risk SME issue with strong NII interest but moderate retail demand and weak QIB participation. Nil GMP reflects cautious sentiment.
- Listing traders: Apply selectively if subscription improves
- High-risk investors: Small exposure only
- Conservative investors: Avoid
Overall Verdict: ⚖️ High-risk, selective apply SME IPO.
Shubham Chaudhary is the founder of PositionalCalls, an independent Indian stock market research website. He writes company fundamentals, quarterly results analysis, IPO analysis and sector research for NSE and BSE listed companies, with a focus on banking stocks, insurance and long-term value investing. Every article is built from primary sources such as RBI, SEBI, NSE and BSE filings and company annual reports, and states its risks plainly in simple language for retail investors.
Coverage areas Our research standards- Numbers checked against NSE, BSE and SEBI filings
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