Shayona Engineering Ipo
Shayona Engineering IPO Review & Key Points
Review: Neutral
Peer Group Comparison
There are no Listed Peer of the company.
IPO Lead Managers aka Merchant Bankers
Horizon Management Pvt. Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | January 22, 2026 |
| IPO Close Date | January 27, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹140 to ₹144 Per Share |
| Issue Size | Approx ₹14.86 Crores |
| Fresh Issue | Approx ₹14.86 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book building Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2000 | ₹2,88,000 |
| Retail Maximum | 2 | 2000 | ₹2,88,000 |
| S-HNI Minimum | 3 | 3000 | ₹4,32,000 |
| S-HNI Maximum | 6 | 6000 | ₹8,64,000 |
| B-HNI Minimum | 7 | 7000 | ₹10,08,000 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 12,000 Shares | 1.16% |
| NII Shares Offered | 3,00,000 Shares | 29.07% |
| Retail Shares Offered | 6,68,000 Shares | 64.73% |
| IPO Open Date: | January 22, 2026 |
| IPO Close Date: | January 27, 2026 |
| Basis of Allotment: | January 28, 2026 |
| Refunds: | January 29, 2026 |
| Credit to Demat Account: | January 29, 2026 |
| IPO Listing Date: | January 30, 2026 |
| IPO Bidding Cut-off Time: | January 27, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 28,60,268 | 87.29% |
| Promoter Holding Post Issue | 38,92,268 | -% |
| Purpose | Crores |
| Purchase of Plant and Machinery for the existing line of our business | ₹3.79 |
| Repayment of secured loan availed by our Company from Financial Institution | ₹2.17 |
| Funding of working capital requirements of our Company | ₹4.00 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹12.63 | ₹11.82 | ₹0.61 | ₹7.27 |
| 2024 | ₹15.28 | ₹12.97 | ₹1.71 | ₹12.58 |
| 2025 | ₹23.18 | ₹19.26 | ₹2.42 | ₹29.60 |
| Nov 2025 | ₹19.15 | ₹15.94 | ₹2.45 | ₹41.12 |
| KPI | Values |
| ROE: | 34.81% |
| ROCE: | 29.03% |
| EBITDA Margin: | 21.64% |
| PAT Margin: | 10.44% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹9.14 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 34.81% |
| Net Asset Value (NAV): | ₹37.45 |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |