Shayona Engineering Limited Set to Launch IPO – Get the Inside Scoop!
Shayona Engineering Limited is set to launch its Initial Public Offering (IPO), aiming to issue 10.32 lakh shares through a book-built process. This IPO will consist entirely of fresh issues amounting to 10.32 lakh shares. The specific dates for the IPO, the price band, and the allotment details are yet to be disclosed. Once finalized, the IPO will be listed on the BSE SME platform.
Key Details of Shayona Engineering Limited IPO
• IPO Size: 10,32,000 equity shares
• Face Value: ₹10 per share
• Issue Type: Book-built issue
• Listing Exchange: BSE SME
• IPO Date: To be announced
• Price Band: Yet to be disclosed
• Allotment Date: Yet to be finalized
IPO Structure and Share Allocation
Shayona Engineering’s IPO is structured to accommodate different categories of investors:
• Qualified Institutional Buyers (QIB): Not more than 50% of the net issue
• Retail Investors: Not less than 35% of the net issue
• Non-Institutional Investors (NII or HNI): Not less than 15% of the net issue
Promoters and Pre-Issue Shareholding
The company is promoted by Vipul Bhikhabhai Solanki, Kinnariben Vipulbhai Solanki, and Gaurav Ratukumar Parekh.
• Pre-Issue Shareholding: 87.30%
• Post-Issue Shareholding: Yet to be announced (subject to equity dilution)
Lead Manager and Registrar
The IPO will be managed by Horizon Management Private Limited, which will act as the book-running lead manager. Kfin Technologies Limited has been appointed as the registrar for the IPO, handling share allocation and other administrative processes.
Company Background
Shayona Engineering Limited was incorporated in 2017 and is headquartered in Vadodara, Gujarat. The company is engaged in providing high-precision engineering solutions across multiple sectors. Shayona Engineering specializes in precision castings, machining, industrial automation, heavy fabrication, reverse engineering, and turnkey project machinery. The company offers customized solutions for precision castings in specialized grades, with product weights ranging from a few grams to 3 metric tons in a single piece.
The company operates from three locations in Vadodara, equipped with advanced technology and modern manufacturing infrastructure. Shayona Engineering provides end-to-end solutions, including aftersales services, all under one roof.
Product Portfolio
Shayona Engineering manufactures a wide range of products, including:
• Tubular Conveying Systems – Used for bulk material handling
• Die Head Trolleys and Mixing Machines – Specialized equipment for the manufacturing industry
• CNC and VMC Machined Components – High-precision machined parts
• Heavy Metal Fabrication Solutions – Customized solutions for industrial needs
• Process Automation Equipment – Tailored for improving production efficiency
Competitive Strengths
Shayona Engineering Limited has built a strong market position through the following strategic advantages:
• Proven Track Record: Successful execution of large-scale projects
• Strategic Supply Chain Management: Efficient sourcing and distribution processes
• Advanced Technology: Investment in state-of-the-art equipment and automation
• Modern Manufacturing: High-precision production capabilities
• Future-Ready Automation: Prepared for future technological advancements
Financial Performance
Shayona Engineering Limited has shown consistent growth over the past few years. The financial highlights are as follows:
| Financial Year | Assets (₹ Cr) | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) | Total Borrowing (₹ Cr) |
|---|---|---|---|---|---|
| 31 Oct 2024 | 14.01 | 7.40 | 0.33 | 7.83 | 4.81 |
| 31 Mar 2024 | 12.58 | 15.28 | 1.72 | 4.00 | 5.41 |
| 31 Mar 2023 | 7.26 | 12.63 | 0.59 | 2.01 | 3.45 |
| 31 Mar 2022 | 3.94 | 4.58 | 0.06 | 0.90 | 1.32 |
Key Performance Indicators
• Return on Equity (ROE): 43.03%
• Return on Capital Employed (ROCE): 44.02%
• Debt-to-Equity Ratio: 1.35
• Return on Net Worth (RoNW): 43.03%
• Profit After Tax (PAT) Margin: 11.29%
Use of IPO Proceeds
The funds raised from the IPO will be used for the following purposes:
1. Working Capital: ₹90 million will be allocated to support the company’s working capital requirements.
2. General Corporate Purposes: Remaining funds will be used for business expansion, operational improvements, and other corporate needs.
Company’s Growth Potential
Shayona Engineering’s strong financial performance, combined with its competitive advantages in precision engineering and automation, positions it well for future growth. Its focus on specialized solutions and customer satisfaction has helped build a solid reputation in the industry.
Contact Details
Shayona Engineering Limited
Shed No. 113/1, GIDC, Makarpura, M.I. Estate, Vadodara-390010
Phone: +91 9310806080
Email: [email protected]
IPO Registrar:
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Shayona Engineering Limited’s IPO represents a significant milestone for the company as it looks to raise funds for business expansion and strengthen its financial position. Investors and market watchers are keenly awaiting further details, including the IPO dates and price band.
