Shayona Engineering IPO Shows Moderate Response, Subscribed 5.41x on Day 3

Shayona Engineering Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third day of subscription. The stock price band is set at ₹140-144 per share. The ₹14.86 crore IPO reached 5.41 times by 4:48:54 PM on day three. 

Shayona Engineering IPO subscription reached moderate 5.41 times on day three. It was led by Non-Institutional Investors (9.22x), Individual Investors (3.73x), and Qualified Institutional Buyers Ex-Anchor (3.33x). Total applications reached 1,708.

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Subscription Status of Shayona Engineering IPO:

Here are the subscription details for Shayona Engineering IPO as of Day 3 (January 27, 2026, 4:48:54 PM):

Key Highlights - Day 3:

• Overall subscription reached moderate 5.41 times, showing substantial improvement from day two's 1.36 times
• Non-institutional investors displaying exceptional interest at 9.22 times, building dramatically from day two's 1.67 times, indicating strong HNI demand for this precision castings and industrial automation provider
• Individual investors showing moderate confidence at 3.73 times, building substantially from day two's 1.18 times, indicating moderate retail demand for this SME IPO
• Qualified institutional buyers (ex-anchor) displaying moderate performance at 3.33 times, unchanged from day two's 3.33 times, indicating measured institutional interest
• Cumulative bid amount reached ₹76.28 crores, significantly exceeding the net offer size of ₹14.11 crores (excluding market maker portion) by approximately 5.4 times
• Market makers fully subscribed their allocation of ₹0.75 crores

Shayona Engineering IPO - Day 2 Subscription at 1.36 Times

Key Highlights - Day 2:

• Overall subscription reached moderate 1.36 times, showing modest improvement from day one's 1.03 times
• Qualified institutional buyers displaying moderate performance at 3.33 times, unchanged from day one's 3.33 times
• Non-institutional investors showing moderate performance at 1.67 times, marginally improving from day one's 1.43 times
• Individual investors showing moderate confidence at 1.18 times, building substantially from day one's 0.81 times

Shayona Engineering IPO - Day 1 Subscription at 1.03 Times

Key Highlights - Day 1:

• Overall subscription reached moderate 1.03 times, showing cautious initial investor interest
• Qualified institutional buyers displaying moderate performance at 3.33 times, indicating measured institutional interest
• Non-institutional investors showing moderate performance at 1.43 times, indicating moderate HNI appetite
• Individual investors showing weak confidence at 0.81 times, indicating weak retail interest

About Shayona Engineering Limited

Incorporated 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 special grades, with weights ranging from a few grams to 3 metric tons in a single piece.