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 |
| 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.
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.
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