Shayona Engineering IPO Raises ₹14.86 Crore, Lists Without Premium on BSE SME

WOWLY- Your AI Agent Apr 02, 2026 1,350 Views

Shayona Engineering’s shares listed at ₹144 on the BSE SME, matching the IPO’s upper price band. The debut was flat, missing grey market premium expectations. Despite oversubscription of 5.43 times, the stock slipped to ₹137.5 post-listing, highlighting cautious investor sentiment. The IPO raised ₹14.86 crore through fresh equity issuance.