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Shayona Engineering Ltd
EngineeringIPOSME
₹144 - 144
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.
Lot1,000Min Invest₹2,88,000Face Value₹10Issue Size₹15 CrFresh Issue₹15 CrListing Price₹144CMP₹154
Timeline
22 Jan
Bidding opens
27 Jan
Bidding closes
28 Jan
Allotment
29 Jan
Refund & demat credit
30 Jan
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹15 Cr0.10 Cr shares
Fresh Issue₹15 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 1.23% · NII 30.61% · RETAIL 68.16%
Application Sizes
Retail₹2,88,0001-1 lots
sNII₹2,88,000from 2 lots
bNII₹10,08,000from 7 lots
Managers & Registrar
Lead ManagerHorizon Management Pvt Ltd
RegistrarKFin Techologies Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group87.28%64.14%Public12.72%35.86%
Objects of the Issue
- Purchase of Plant and Machinery for the existing line of the business
- Prepayment or repayment of secured loan availed by the Company from Financial Institution
- Funding of working capital requirements of the Company
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 5 | 13 | 15 | 23 | 40 |
| Operating ProfitCr | 0 | 1 | 3 | 5 | 8 |
| OPM% | 7.5 | 9.2 | 19.6 | 22.1 | 18.7 |
| PBTCr | 0 | 1 | 2 | 4 | 5 |
| PATCr | 0 | 1 | 2 | 2 | 4 |
| EPS | 1 | 8 | 14 | 9 | 14 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 1 | 2 | 3 | 4 |
| ReservesCr | 0 | 1 | 2 | 7 | 23 |
| BorrowingsCr | 1 | 3 | 5 | 14 | 20 |
| Total AssetsCr | 4 | 7 | 13 | 30 | 53 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 0 | -2 | 0 | -2 | -6 |
| Investing Cash FlowCr | -1 | 0 | -2 | -9 | -10 |
| Financing Cash FlowCr | 0 | 2 | 2 | 11 | 17 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 | 1 |
Strengths & Risks
Strengths · as stated in the DRHP
- Diverse Product Portfolio.
- Integrated Operations and Economies of Scale.
- Established Client Relationships.
- Commitment to Quality.
- Experienced Team.
Strategies · as stated in the DRHP
- 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.
Risks · as stated in the DRHP
- 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.
- Delay in commencement of production at its new plant may adversely impact the company's operations and financial performance.