Shayona Engineering IPO GMP Today
⚡ LIVE IPO UPDATE
• Shayona Engineering IPO is witnessing selective investor interest with relatively stronger participation from NII/HNI investors.
• Grey Market Premium (GMP) remains at ₹0, reflecting cautious sentiment in the SME segment.
• Retail demand is moderate due to high ticket size and SME risk perception.
• SME IPO subscriptions usually surge on the final bidding day.
Market Insight: If overall subscription crosses 3x–6x, listing sentiment may improve. Otherwise, listing gains may remain limited or flat.
📌 Shayona Engineering IPO Snapshot
| Parameter | Details |
|---|---|
| Company Name | Shayona Engineering Limited |
| Issue Type | SME IPO – 100% Fresh Issue |
| Issue Size | ₹14.86 Crore |
| Total Shares Offered | 10,32,000 Shares |
| Offer Value (Calculated) | ₹ Cr |
| Price Band | ₹140 – ₹144 per share |
| Lot Size | 1,000 Shares |
| Minimum Investment | ₹ |
| 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 Private Limited |
| Post-IPO Market Cap (Estimated) | ₹ Cr |
📊 GMP Dashboard
| Metric | Value | Interpretation |
|---|---|---|
| GMP Today | ₹0 | Neutral |
| Kostak | ₹0 | Inactive |
| Subject to Sauda | ₹0 | Stable |
| Expected Listing Price | ₹140 – ₹145 | Near Issue Price |
| Expected Premium | 0% – 3% | Limited Upside |
📊 GMP History (Indicative)
| Date | GMP (₹) | Trend |
|---|---|---|
| 19 Jan 2026 | ₹3 | Positive |
| 20 Jan 2026 | ₹2 | Neutral |
| 21 Jan 2026 | ₹1 | Weak |
| 22 Jan 2026 | ₹0 | Flat |
📊 Subscription Outlook Model
| Subscription Level | Listing Probability | Expected Outcome |
|---|---|---|
| < 2x | High | Flat / Discount Listing |
| 2x – 5x | Medium | 0% – 5% Gain |
| 5x – 15x | Moderate | 5% – 15% Gain |
| 15x+ | Low | 15%+ Gain |
🏭 Business Overview
Shayona Engineering Limited is engaged in precision engineering and industrial fabrication, supplying fabricated components, piping systems, and structural engineering solutions to infrastructure, industrial, and energy sectors.
📊 Financial Performance (₹ Cr)
| Year | Revenue | EBITDA | PAT |
|---|---|---|---|
| FY2023 | 12.63 | 1.15 | 0.61 |
| FY2024 | 15.28 | 3.02 | 1.71 |
| FY2025 | 23.18 | 5.04 | 2.42 |
📊 Key Financial Ratios
| Revenue CAGR (FY23–FY25) | ~35% |
| EBITDA Margin (FY25) | ~21.7% |
| PAT Margin (FY25) | ~10.4% |
| ROE (Estimated) | ~24% – 28% |
| ROCE | ~26% – 30% |
📊 Valuation Metrics
| EPS (Post IPO) | ₹9.0 – ₹9.5 |
| Post-IPO P/E | ~15x – 16x |
| Industry Avg P/E (Engineering SMEs) | 18x – 30x |
| Valuation Status | Fairly Valued |
👥 Shareholding Pattern
| Shareholder | Pre-IPO | Post-IPO (Estimated) |
|---|---|---|
| Promoters | 87.29% | ~64% – 67% |
| Public | 12.71% | ~33% – 36% |
📌 SWOT Analysis
| Factor | Details |
|---|---|
| Strength | High growth, improving margins, strong infrastructure demand |
| Weakness | Small scale, high working capital dependence |
| Opportunity | India infrastructure & industrial capex cycle |
| Threat | Raw material volatility, SME liquidity risk |
🤖 AI Market Verdict
• GMP Signal: Neutral (₹0).
• Risk Level: High (SME + working capital risk).
• Listing Outlook: Flat to mild premium unless final-day demand spikes.
🔹 Final Takeaway
The Shayona Engineering IPO GMP today remains at ₹0, indicating cautious grey market sentiment. Strong revenue growth is a positive, but SME liquidity risk and moderate demand limit listing upside. Final-day subscription momentum will be the decisive factor.
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