Shayona Engineering Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹144
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,44,000
Issue Size
₹14.86 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
68.16%
QIB Quota
1.23%
NII Quota
30.61%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Shayona Engineering Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
87.29%
Promoter Holding (Post-Issue)
64.14%
Issue Type
Book Building - SME
ISIN
INE0UCL01011
About the Company
sThe Company provides customized solutions for precision castings in special grades, with weights ranging from a few grams to 3 metric tons in a single piece. Its investment casting specializes in steel, stainless steel, and nickel-based alloys, with casting weights ranging from 60 grams to 70 kg per piece. We produce complex investment cast parts with superior surface finishes, pumps & valves, defense, medical, automotive, and oil & gas sectors. The Company manufactures precision metal, rubber and plastic parts, assemblies, and fixtures.
Industry Overview
The Indian precision engineering sector has emerged as a significant player in the global manufacturing landscape, with the market projected to reach USD 180.5 billion by 2027. This growth is driven primarily by advancements in Computer Numerical Control (CNC) manufacturing and Industry 4.0 technologies, with 65% of manufacturers now adopting smart manufacturing technologies. The sector serves multiple industries including automotive (38% market share), aerospace (27% market share), medical devices, electronics, and healthcare, demonstrating its versatile applications and strategic importance. The industry's infrastructure is characterized by sophisticated technological integration, particularly in CNC machining for highprecision metal components. Key focus areas encompass precision engineering, industrial automation, metal fabrication, forging and casting, and process automation. The metal fabrication sector alone is projected to reach USD 1 trillion by 2025, representing a sixfold increase from 2023 levels. Both domestic and international players have made substantial investments in advanced CNC technologies and software, with the process automation sector currently valued at USD 2.07 billion (2023) and expected to double by 2030 at a CAGR of 9.5%.
Company History
The Company was originally formed as a Private Limited Company in the name of "Shayona Engineering Private Limited" under the provisions of the Companies Act, 2013 on February 15, 2017 vide Certificate of Incorporation issued by Registrar of Companies, Central Registration Centre, bearing Corporate Identity Number: U29309GJ2017PTC095794. Subsequently, the Company was converted into a Public Limited Company under the Companies Act, 2013 pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the Company held on April 01, 2024 and the name was changed to "Shayona Engineering Limited" pursuant to a fresh Certificate of Incorporation dated July 20, 2024 issued by the Registrar of Companies, Central Processing Centre bearing Corporate Identity Number: U29309GJ2017PLC095794.
Products & Services
- The Company provides customized solutions for precision castings in special grades, with weights ranging from a few grams to 3 metric tons in a single piece.
Growth Strategy
- Its inventory management strategy focuses on several key areas to optimize operations and reduce costs.
- To address supply chain risks,
- its storage facilities are designed for maximum efficiency, featuring overhead crane systems for material handling, strategic stock placement for quick access, and dedicated finished product storage areas.
- The Company maintains strategic stock levels to optimize lead times, keeping a one-month supply buffer for critical materials.
- Its stocking policy balances optimal inventory levels with capital efficiency.
- The new HDPE/PVC facility has been specifically designed to accommodate one month's raw material storage.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Public issue of up to 10,32,000 equity shares of face value Rs. 10/- each ("Equity Shares") of the company for cash at a price of Rs.144 per equity share (Including a Securities Premium of Rs.134 per Equity Share) (The "Issue Price"), aggregating up to Rs.14.86 crores ("Issue") of the issue, 52,000 equity shares aggregating to Rs.0.75 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 9,80,000 equity shares of face value of Rs. 10 each at an issue price of Rs.144 per equity share aggregating to Rs.14.11 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.51% and 25.18%, respectively of the post issue paid up equity share capital of the company. Price Band: Rs. 144 per equity share of face value Rs.10/- each. The floor price is 14.4 times of the face value of the equity shares. Bids can be made for a minimum of 2000 equity shares and in multiples of 1000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Diverse Product Portfolio.
- Integrated Operations and Economies of Scale.
- Established Client Relationships.
- Commitment to Quality.
- Experienced Team.
- Substantial portion of the company's revenues are dependent on few customers and the loss of, or a significant reduction in purchases by any one or more such customers could adversely affect its financial performance.
- The Company is subject to export obligations under the EPCG Scheme Non-fulfilment of such obligations may lead to financial liabilities
- The company's design and engineering team designs its products as per the specifications provided by the OEMs or Service providers. Any variation from the customer specification may lead to increase in cost or reduce margins.
- The company relys significantly on some suppliers for the supply of its raw materials. If these suppliers are unable or unwilling to supply raw materials on time or otherwise fails to meet the company's requirements, the company's business will be harmed. An inability to procure the desired quality, quantity of its raw materials and components in a timely manner and at reasonable costs, or at all, may have a material adverse effect on the company's business, results of operations and financial condition
- The company's ability to anticipate changes in consumer preference, and industry trends and to meet customers' demands is a significant factor to remain competitive, any failures to identify and understand the trends may materially adversely affect its business.