Comparison between Shayona Engineering IPO and Vandan Foods IPO.
Shayona Engineering IPO is a SME Fixed Price IPO proposed to list at BSE SME while Vandan Foods IPO is a SME Fixed Price proposed to list at BSE SME.
| Shayona Engineering IPO | Vandan Foods IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Horizon Management Pvt.Ltd. | Nirbhay Capital Services Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Horizon Financial Consultants Pvt.Ltd. | Aftertrade Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Shayona Engineering IPO is up to ₹14.11 Cr whereas the issue size of the Vandan Foods IPO is up to ₹28.84 Cr. The final issue price of Shayona Engineering IPO is ₹144.00 per share and of Vandan Foods IPO is ₹115.00 per share.
| Shayona Engineering IPO | Vandan Foods IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹140.00 per share | |
| Issue Price (Upper) | ₹144.00 per share | |
| Issue Price (Final) | ₹144.00 per share | ₹115.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 1200 shares |
| Fresh Issue Size | 9,80,000 shares | 25,08,000 shares |
| Fresh Issue Size (Amount) | up to ₹14.11 Cr | up to ₹28.84 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 9,80,000 shares | 25,08,000 shares |
| Issue Size Total (Amount) | up to ₹14.11 Cr | up to ₹28.84 Cr |
Shayona Engineering IPO opens on Jan 22, 2026, while Vandan Foods IPO opens on Jun 30, 2025. The closing date of Shayona Engineering IPO and Vandan Foods IPO is Jan 27, 2026, and Jul 02, 2025, respectively.
| Shayona Engineering IPO | Vandan Foods IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jan 22, 2026 | Jun 30, 2025 |
| Issue Close | Jan 27, 2026 | Jul 02, 2025 |
| Basis Of Allotment (Tentative) | Jan 28, 2026 | Jul 03, 2025 |
| Initiation of Refunds (Tentative) | Jan 29, 2026 | Jul 04, 2025 |
| Credit of Share (Tentative) | Jan 29, 2026 | Jul 04, 2025 |
| Listing date (Tentative) | Jan 30, 2026 | Jul 07, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Shayona Engineering IPO P/E ratio is 17.03, as compared to Vandan Foods IPO P/E ratio of 24.98.
| Shayona Engineering IPO | Vandan Foods IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 87.29 | 96.94 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 64.15 | 66.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.03 | 24.98 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹56.05 Cr. | ₹96.43 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 45.41 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 29.03 | 37.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.46 | ₹4.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 34.81 | 27.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Shayona Engineering IPO Retail Individual Investors (RII) are offered 6,68,000 shares while in Vandan Foods IPO retail investors are offered 6,68,000 shares. Qualified Institutional Buyers (QIB) are offered 12,000 shares in Shayona Engineering IPO and 0 shares in Vandan Foods IPO.
| Shayona Engineering IPO | Vandan Foods IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 52,000 shares | 1,32,000 shares |
| QIB | 12,000 shares | 0 shares |
| NII | 3,00,000 shares | 12,54,000 shares |
| RII | 6,68,000 shares | 12,54,000 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 9,80,000 shares | 25,08,000 shares |
Shayona Engineering IPO subscribed 5.43x in total, whereas Vandan Foods IPO subscribed 1.75x.
| Shayona Engineering IPO | Vandan Foods IPO | |
|---|---|---|
| QIB (times) | 3.33x | |
| NII (times) | 9.30x | 0.41x |
| Big NII (times) | 12.17x | |
| Small NII (times) | 5.01x | |
| RII (times) | 3.73x | 3.09x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 5.43x | 1.75x |
