{"id":59387,"date":"2026-01-23T12:27:52","date_gmt":"2026-01-23T06:57:52","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=59387"},"modified":"2026-01-23T12:27:55","modified_gmt":"2026-01-23T06:57:55","slug":"shayona-engineering-ipo-gmp-subscription-day-2","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/","title":{"rendered":"Shayona Engineering IPO GMP &#038; Subscription Status: Day 2 IPO Live Updates"},"content":{"rendered":"<p>The <strong>Shayona Engineering IPO GMP <\/strong>is \u20b90 as of 23rd January 2026. It is a book-building issue IPO of \u20b914.86 crores. This is an entirely fresh issue of 0.10 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 30th January 2026. The face value of Shayona Engineering IPO shares is \u20b910 per share, and the IPO price band is \u20b9140 to \u20b9144 per share. Retail investors can bid for a minimum of 2 lots of 2,000 shares worth \u20b92,88,000. Scroll down to check the Shayona Engineering IPO GMP and subscription details.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/#Shayona_Engineering_IPO_GMP_Grey_Market_Premium\" title=\"Shayona Engineering IPO GMP Grey Market Premium\">Shayona Engineering IPO GMP Grey Market Premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/#Shayona_Engineering_IPO_Subscription_Status\" title=\"Shayona Engineering IPO Subscription Status\">Shayona Engineering IPO Subscription Status<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/#Shayona_Engineering_IPO_Details\" title=\"Shayona Engineering IPO Details\">Shayona Engineering IPO Details<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/#Explanation\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/#About_Shayona_Engineering_Ltd\" title=\"About Shayona Engineering Ltd.\">About Shayona Engineering Ltd.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/#Products\" title=\"Products:\">Products:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/#Shayona_Engineering_Limited_Financials\" title=\"Shayona Engineering Limited Financials\">Shayona Engineering Limited Financials<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/#Explanation-2\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/#Shayona_Engineering_IPO_Objectives\" title=\"Shayona Engineering IPO Objectives\">Shayona Engineering IPO Objectives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/#Shayona_Engineering_IPO_Registrar\" title=\"Shayona Engineering IPO Registrar\">Shayona Engineering IPO Registrar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/#Shayona_Engineering_IPO_Review\" title=\"Shayona Engineering IPO Review\">Shayona Engineering IPO Review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/#FAQs_on_Shayona_Engineering_IPO\" title=\"FAQs on Shayona Engineering IPO\">FAQs on Shayona Engineering IPO<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/#What_is_the_Shayona_Engineering_IPO_GMP\" title=\"What is the Shayona Engineering IPO GMP?\">What is the Shayona Engineering IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/#What_is_the_issue_price_of_the_Shayona_Engineering_IPO\" title=\"What is the issue price of the Shayona Engineering IPO?\">What is the issue price of the Shayona Engineering IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/#Who_is_the_registrar_of_the_Shayona_Engineering_IPO\" title=\"Who is the registrar of the Shayona Engineering IPO?\">Who is the registrar of the Shayona Engineering IPO?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/shayona-engineering-ipo-gmp-subscription-day-2\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shayona_Engineering_IPO_GMP_Grey_Market_Premium\"><\/span><strong>Shayona Engineering IPO GMP Grey Market Premium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As mentioned earlier, the <strong>Shayona Engineering IPO GMP <\/strong>currently stands at \u20b90.00 per share. Thus, the estimated listing price would be at \u20b9144.00. This indicates that the estimated listing gain in this IPO could be 0.00%. Explore the table for <strong>Shayona Engineering<\/strong> <strong>IPO GMP<\/strong> updates.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>GMP DATE<\/strong><\/td><td><strong>IPO Price<\/strong><\/td><td><strong>GMP Price<\/strong><\/td><td><strong>Estimated Listing Price<\/strong><\/td><td><strong>Estimated Gain<\/strong><\/td><\/tr><tr><td><strong>23-01-2026<\/strong><\/td><td>\u20b9144.00<\/td><td>\u20b90.00<\/td><td>\u20b9144.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>22-01-2026<\/strong><\/td><td>\u20b9144.00<\/td><td>\u20b90.00<\/td><td>\u20b9144.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>21-01-2026<\/strong><\/td><td>\u20b9144.00<\/td><td>\u20b90.00<\/td><td>\u20b9144.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>20-01-2026<\/strong><\/td><td>\u20b9144.00<\/td><td>\u20b90.00<\/td><td>\u20b9144.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>19-01-2026<\/strong><\/td><td>\u20b9144.00<\/td><td>\u20b90.00<\/td><td>\u20b9144.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>18-01-2026<\/strong><\/td><td>\u20b9144.00<\/td><td>\u20b90.00<\/td><td>\u20b9144.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>17-01-2026<\/strong><\/td><td>\u20b9144.00<\/td><td>\u20b90.00<\/td><td>\u20b9144.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>16-01-2026<\/strong><\/td><td>\u20b9144.00<\/td><td>\u20b90.00<\/td><td>\u20b9144.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>15-01-2026<\/strong><\/td><td>\u20b9144.00<\/td><td>\u20b90.00<\/td><td>\u20b9144.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>14-01-2026<\/strong><\/td><td>\u20b9144.00<\/td><td>\u20b90.00<\/td><td>\u20b9144.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>13-01-2026<\/strong><\/td><td>\u20b9144.00<\/td><td>\u20b90.00<\/td><td>\u20b9144.00<\/td><td>0.00%<\/td><\/tr><\/tbody><\/table><\/figure><p><em>Note: GMP details are subject to change based on market conditions and fluctuations. Check the live Shayona Engineering IPO GMP status at Univest.<\/em><\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click and Sign Up to Get Live Updates on Shayona Engineering IPO <\/em><\/strong><strong>GMP Status<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shayona_Engineering_IPO_Subscription_Status\"><\/span><strong>Shayona Engineering IPO Subscription Status<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As of now, the Shayona Engineering IPO has been subscribed to 1.15 times. Of these, 0.92 times are subscribed by retail investors, 1.57 times by non-institutional investors, and 3.33 times by QII (Qualified Institutional Investors).&nbsp;&nbsp;<\/p><p>The healthy subscription status indicates that investors are expecting higher returns at the time of Shayona Engineering&#8217;s IPO listing on 30th January 2026. Shayona Engineering also has a positive outlook behind the fresh issue of 0.10 crore shares, which will raise around Rs 14.86 crores.<\/p><p><strong><em>Note:<\/em><\/strong><em> GMP details are subject to change based on market conditions and fluctuations. Check the live Shayona Engineering IPO Subscription status at Univest.<\/em><\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click and Sign Up to Get Live Updates on Shayona Engineering IPO Subscription<\/em><\/strong><strong> Status<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shayona_Engineering_IPO_Details\"><\/span><strong>Shayona Engineering IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>IPO Allotment Date<\/strong><\/td><td>28th January 2026<\/td><\/tr><tr><td><strong>IPO Open Date<\/strong><\/td><td>22nd January 2026<\/td><\/tr><tr><td><strong>IPO Close Date<\/strong><\/td><td>27th January 2026<\/td><\/tr><tr><td><strong>Refund Initiation&nbsp;<\/strong><\/td><td>29th January 2026<\/td><\/tr><tr><td><strong>Issue Size<\/strong><\/td><td>10,32,000 shares(agg. up to \u20b915 Cr)<\/td><\/tr><tr><td><strong>Face Value<\/strong><\/td><td>\u20b910 per share<\/td><\/tr><tr><td><strong>Lot Size<\/strong><\/td><td>1,000 Shares<\/td><\/tr><tr><td><strong>Issue Price&nbsp;<\/strong><\/td><td>\u20b9140 to \u20b9144 per share<\/td><\/tr><tr><td><strong>Issue Type<\/strong><\/td><td>Bookbuilding IPO<\/td><\/tr><tr><td><strong>Listing At<\/strong><\/td><td>BSE SME<\/td><\/tr><tr><td><strong>Listing Date<\/strong><\/td><td>30th January 2026<\/td><\/tr><\/tbody><\/table><\/figure><p><strong><em>Also Read: <\/em><\/strong><a href=\"https:\/\/univest.in\/blogs\/aritas-vinyl-ipo-gmp-review\"><strong><em>Shayona Engineering IPO GMP &amp; Review: Apply or Avoid?<\/em><\/strong><\/a><\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Shayona Engineering IPO<\/strong>: Shayona Engineering IPO Limited has declared an issue price band of \u20b9140 to \u20b9144 per share. With this IPO, the company allows retail investors to bid for at least 2 lots of 2,000 shares, each worth \u20b92,88,000. The face value of Shayona Engineering IPO Limited shares is \u20b910 per share. The shares of Shayona Engineering IPO Limited will be listed on BSE and SME on its tentative listing day, 30th January 2026. Scroll down to check GMP updates and <strong>Shayona Engineering IPO <\/strong>reviews.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Shayona_Engineering_Ltd\"><\/span><strong>About Shayona Engineering Ltd.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Shayona Engineering Limited was established in 2017. Shayona Engineering Limited is engaged in the business of precision castings, machining, dies and moulds, industrial automation, heavy fabrication, casting, forging, reverse engineering, and turnkey project machinery. They offer customised solutions for precision castings in exceptional grades, with weights ranging from a few grams to 3 metric tons per piece. The company operates from three locations in Vadodara, Gujarat, utilising sophisticated, cutting-edge technology-based equipment to deliver accurate engineering solutions, along with prompt after-sales services, all under one roof.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Products\"><\/span><strong>Products:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><ul class=\"wp-block-list\"><li>Tubular conveying systems<\/li>\n\n<li>Die head trolleys and mixing machines<\/li>\n\n<li>CNC and VMC machined components<\/li>\n\n<li>Heavy metal fabrication solutions<\/li>\n\n<li>Process automation equipment<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shayona_Engineering_Limited_Financials\"><\/span><strong>Shayona Engineering Limited Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The company&#8217;s financial analysis is essential before applying for the<strong> Shayona Engineering IPO. <\/strong>Look at the table to learn about Shayona Engineering Limited&#8217;s financials.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Year Ended<\/strong><\/td><td><strong>30th Nov 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2024 (in cr.)<\/strong><\/td><td><strong>31st March 2023 (in cr.)<\/strong><\/td><\/tr><tr><td><strong>Assets<\/strong><\/td><td>41.12<\/td><td>29.60<\/td><td>12.58<\/td><td>7.27<\/td><\/tr><tr><td><strong>Revenue<\/strong><\/td><td>19.15<\/td><td>23.18<\/td><td>15.28<\/td><td>12.63<\/td><\/tr><tr><td><strong>Profit After Tax<\/strong><\/td><td>2.45<\/td><td>2.42<\/td><td>1.71<\/td><td>0.61<\/td><\/tr><tr><td><strong>EBITDA<\/strong><\/td><td>4.08<\/td><td>5.00<\/td><td>3.99<\/td><td>2.01<\/td><\/tr><tr><td><strong>Net Worth<\/strong><\/td><td>12.36<\/td><td>9.91<\/td><td>3.99<\/td><td>2.01<\/td><\/tr><tr><td><strong>Reserves and Surplus<\/strong><\/td><td>9.50<\/td><td>7.05<\/td><td>1.72<\/td><td>1.01<\/td><\/tr><tr><td><strong>Total Borrowings<\/strong><\/td><td>22.61<\/td><td>13.92<\/td><td>5.42<\/td><td>3.45<\/td><\/tr><\/tbody><\/table><\/figure><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation-2\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Shayona Engineering Limited&#8217;s revenue increased by 51.70% from \u20b915.28 crores in March 2024 to \u20b923.18 crores in March 2025. Moreover, the company&#8217;s PAT increased by 41.52% from \u20b91.71 crores in March 2024 to \u20b92.42 crores in March 2025.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shayona_Engineering_IPO_Objectives\"><\/span><strong>Shayona Engineering IPO Objectives<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The primary aim of the <strong>Shayona Engineering IPO<\/strong> is to raise \u20b914.86 crores. On the other hand, Shayona Engineering has decided to utilise these funds in different ways.<\/p><ul class=\"wp-block-list\"><li>To purchase plant and Machinery for the existing line of our business<\/li>\n\n<li>To the repayment of the secured loan availed by our Company from the Financial Institution<\/li>\n\n<li>To fund the working capital requirements of our Company<\/li>\n\n<li>To General Corporate Expenses.<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shayona_Engineering_IPO_Registrar\"><\/span><strong>Shayona Engineering IPO Registrar<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Kfin Technologies Limited is the registrar for the Shayona Engineering IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Shayona Engineering allotment and refund, you can contact Kfin Technologies Limited at <a href=\"mailto:sel.ipo@kfintech.com\">sel.ipo@kfintech.com<\/a> or at 04067162222, 04079611000.<\/p><p><strong><em>Download the <\/em><\/strong><a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest iOS App<\/em><\/strong><\/a><strong><em> or <\/em><\/strong><a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest Android App<\/em><\/strong><\/a><strong><em> to get daily stock recommendations and insightful research pieces!<\/em><\/strong>&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shayona_Engineering_IPO_Review\"><\/span><strong>Shayona Engineering IPO Review<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/23122443\/Shayona-Engineering-IPOm-Apply-or-Avoid-1024x536.jpg\" alt=\"Shayona Engineering IPO Review\n\" class=\"wp-image-59389\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/23122443\/Shayona-Engineering-IPOm-Apply-or-Avoid-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/23122443\/Shayona-Engineering-IPOm-Apply-or-Avoid-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/23122443\/Shayona-Engineering-IPOm-Apply-or-Avoid-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/23122443\/Shayona-Engineering-IPOm-Apply-or-Avoid-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/23122443\/Shayona-Engineering-IPOm-Apply-or-Avoid-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/23122443\/Shayona-Engineering-IPOm-Apply-or-Avoid-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/23122443\/Shayona-Engineering-IPOm-Apply-or-Avoid.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>The <strong>Shayona Engineering IPO <\/strong>has gained neutral ratings from industry experts, brokers, and institutional investors. Shayona Engineering Limited&#8217;s revenue increased by 51.70% from \u20b915.28 crores in March 2024 to \u20b923.18 crores in March 2025. Moreover, the company&#8217;s PAT increased by 41.52% from \u20b91.71 crores in March 2024 to \u20b92.42 crores in March 2025.<\/p><p>Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we\u2019re waiting for additional ratings to get a clearer picture and will keep posting them to deliver real-time insights. Until then, you can explore the company&#8217;s technical analysis to know whether you should apply for the <strong>Shayona Engineering IPO <\/strong>or not.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Key Indicators<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/price-to-earnings-ratio-p-e-ratio\"><strong>PE Ratio (Price-to-Earnings)<\/strong><\/a><strong>&nbsp;<\/strong><\/td><td>17.03<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/earnings-per-share-eps-formula\"><strong>EPS (Earnings Per Share)<\/strong><\/a><\/td><td>8.46<\/td><\/tr><tr><td><strong>RoNW<\/strong><\/td><td>22.01%<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/return-on-capital-employed\"><strong>ROCE<\/strong><\/a><\/td><td>13.08%<\/td><\/tr><tr><td><strong>ROE<\/strong><\/td><td>&#8211;<\/td><\/tr><tr><td><strong>EBITDA Margin<\/strong><\/td><td>21.33<\/td><\/tr><tr><td><strong>Price to Book Value<\/strong><\/td><td>3.33<\/td><\/tr><tr><td><strong>Market Capitalisation<\/strong><\/td><td>\u20b956.05 Cr<\/td><\/tr><\/tbody><\/table><\/figure><p>The P\/E ratio of Shayona Engineering Limited shares is 17.03, and its Earnings Per Share (EPS) stands at 8.46. Thus, the <strong>Shayona Engineering IPO<\/strong> can deliver gains on its tentative listing date, 30th January 2026.&nbsp;<\/p><p><strong><em>Note<\/em><\/strong><em>: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Shayona Engineering Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.&nbsp;<\/em><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Indicators<\/strong><\/td><td><strong>Pre-IPO<\/strong><\/td><td><strong>Post-IPO<\/strong><\/td><\/tr><tr><td><strong>PE Ratio<\/strong><\/td><td>17.03<\/td><td>15.25<\/td><\/tr><tr><td><strong>EPS&nbsp;<\/strong><\/td><td>8.46<\/td><td>9.44<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_on_Shayona_Engineering_IPO\"><\/span><strong>FAQs on Shayona Engineering IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Shayona_Engineering_IPO_GMP\"><\/span><strong>What is the Shayona Engineering IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Currently, on 23rd January 2026, the <strong>Shayona Engineering IPO GMP<\/strong> (Grey Market Premium) stands at \u20b90. This indicates that the estimated listing price could be \u20b9144.00 per share.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_issue_price_of_the_Shayona_Engineering_IPO\"><\/span><strong>What is the issue price of the Shayona Engineering IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The <strong>Shayona Engineering IPO<\/strong> issue price band is set at \u20b9140.00 to \u20b9144.00 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 2,000 shares, worth \u20b92,88,000. Moreover, HNIs are required to bid for a minimum of 3 lots (3,000 shares) worth \u20b94,32,000.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_the_registrar_of_the_Shayona_Engineering_IPO\"><\/span><strong>Who is the registrar of the Shayona Engineering IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Kfin Technologies Limited is the registrar for the Shayona Engineering IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Shayona Engineering allotment and refund, you can contact Kfin Technologies Limited at <a href=\"mailto:sel.ipo@kfintech.com\">sel.ipo@kfintech.com<\/a> or at 04067162222, 04079611000.<\/p><p><strong><em>Disclaimer<\/em><\/strong><em>: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Shayona Engineering IPO, download the Shayona Engineering IPO RHP and Shayona Engineering IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/docs.google.com\/document\/d\/17HDTRE-2nT7vixdqgJBiSqr4_tKmS0Lchf-BoikgekQ\/edit?tab=t.0\" rel=\"nofollow noopener\" target=\"_blank\">Aritas Vinyl IPO GMP &amp; Subscription Status: Day 2<\/a><\/p><p><a href=\"https:\/\/docs.google.com\/document\/d\/1o1PKUpnFH1k_x1Vv8GDP5BC_dFwJrBBIDffNhyo9EgY\/edit?tab=t.0\" rel=\"nofollow noopener\" target=\"_blank\">Digilogic Systems IPO<\/a><\/p><p><a href=\"https:\/\/docs.google.com\/document\/d\/1oNGZ0m5k-Zi_0YEwxkqw_-dplHWDWObQcxwOUwWSPxE\/edit?tab=t.0\" rel=\"nofollow noopener\" target=\"_blank\">Shayona Engineering IPO<\/a><\/p><p><a href=\"https:\/\/docs.google.com\/document\/d\/1eRcD-si31mkOYOgLQ5Ml3W-QLS02rvtEPLoCv0egKZE\/edit?tab=t.0\" rel=\"nofollow noopener\" target=\"_blank\">Defrail Technologies IPO Listing Today<\/a><\/p><p><a href=\"https:\/\/docs.google.com\/document\/d\/11MoAsu41qV1wzk8i6fENOasss4sLtPaGrAtfOme4bpc\/edit?tab=t.0\" rel=\"nofollow noopener\" target=\"_blank\">Bharat Coking Coal IPO Listing Today<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The Shayona Engineering IPO GMP is \u20b90 as of 23rd January 2026. It is a book-building issue IPO of \u20b914.86 crores. This is an entirely fresh issue of 0.10 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 30th January 2026. The face value of Shayona Engineering IPO<\/p>\n","protected":false},"author":23,"featured_media":59388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[1015,1352,3806],"class_list":["post-59387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo","tag-ipo-gmp","tag-ipo-subscription"],"metadata":{"_edit_lock":["1769151481:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:4:{s:91:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/01\/Shayona-Engineering-IPOm-Apply-or-Avoid.jpg\";a:2:{s:2:\"id\";i:59389;s:11:\"source_type\";s:13:\"media-library\";}s:100:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/01\/Shayona-Engineering-IPOm-Apply-or-Avoid-1024x536.jpg\";a:2:{s:2:\"id\";i:59389;s:11:\"source_type\";s:13:\"media-library\";}s:123:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/23122443\/Shayona-Engineering-IPOm-Apply-or-Avoid.jpg\";a:2:{s:2:\"id\";i:59389;s:11:\"source_type\";s:13:\"media-library\";}s:132:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/23122443\/Shayona-Engineering-IPOm-Apply-or-Avoid-1024x536.jpg\";a:2:{s:2:\"id\";i:59389;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["79"],"rank_math_title":["Shayona Engineering IPO GMP Subscription Status Day 2"],"rank_math_description":["Shayona Engineering IPO GMP, Subscription status. 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