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Subscription Status · Jan 22 – Jan 27, 2026 · ₹140–144
The Shayona Engineering IPO subscription has recorded healthy investor demand with an overall subscription of 5.43× as of Jan 27, 2026, indicating that investors applied for 5.43 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Jan 27, 2026, 5:09 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
12,000 | 40,000 |
3.33×
|
- |
|
NII
Non-Institutional Investors
|
300,000 | 2,791,000 |
9.30×
|
- |
|
bNII
Bids above ₹10L
|
180,000 | 2,190,000 |
12.17×
|
- |
|
sNII
Bids below ₹10L
|
120,000 | 601,000 |
5.01×
|
- |
|
Retail
Retail Individual Investors
|
668,000 | 2,494,000 |
3.73×
|
- |
|
Total
|
980,000 | 5,325,000 |
5.43×
|
- |
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 12,000 | 40,000 | 3.33× | - |
| NII | 300,000 | 428,000 | 1.43× | - |
| bNII | 180,000 | 410,000 | 2.28× | - |
| sNII | 120,000 | 18,000 | 0.15× | - |
| Retail | 668,000 | 540,000 | 0.81× | - |
| Total | 980,000 | 1,008,000 | 1.03× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 12,000 | 40,000 | 3.33× | 12 |
| NII | 300,000 | 502,000 | 1.67× | 300 |
| bNII | 180,000 | 466,000 | 2.59× | 180 |
| sNII | 120,000 | 36,000 | 0.30× | 120 |
| Retail | 668,000 | 786,000 | 1.18× | 668 |
| Total | 980,000 | 1,328,000 | 1.36× | 1,280 |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 12,000 | 40,000 | 3.33× | - |
| NII | 300,000 | 502,000 | 1.67× | - |
| bNII | 180,000 | 466,000 | 2.59× | - |
| sNII | 120,000 | 36,000 | 0.30× | - |
| Retail | 668,000 | 786,000 | 1.18× | - |
| Total | 980,000 | 1,328,000 | 1.36× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 12,000 | 40,000 | 3.33× | - |
| NII | 300,000 | 2,791,000 | 9.30× | - |
| bNII | 180,000 | 2,190,000 | 12.17× | - |
| sNII | 120,000 | 601,000 | 5.01× | - |
| Retail | 668,000 | 2,494,000 | 3.73× | - |
| Total | 980,000 | 5,325,000 | 5.43× | - |
As of January 27, 2026, the Shayona Engineering IPO has been subscribed 5.43 times overall. The IPO is fully subscribed.
The Shayona Engineering IPO subscription window was open from January 22, 2026 to January 27, 2026. Investors could apply through their demat account or ASBA facility.
The Shayona Engineering IPO has a price band of ₹140 to ₹144 per share, with a lot size of 1,000 shares. Minimum retail investment: ₹140,000 (lower band) or ₹144,000 (upper band).
The QIB category has been subscribed 3.33 times. QIBs were offered 12,000 shares.
Retail investors subscribed 3.73 times. Retail was offered 668,000 shares.
Overall NII: 9.30×. bNII (>₹10L): 12.17×, sNII (<₹10L): 5.01×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on January 28, 2026. Check via the registrar's website, KFin Technologies Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Shayona Engineering IPO is expected to list on January 30, 2026. Shares will list on BSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 5.43× means investors have bid for 5.43 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 3.73×, the estimated allotment probability for retail investors is Moderate. Better odds than heavily subscribed IPOs. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for Shayona Engineering IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Jan 22 to Jan 27, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Shayona Engineering IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Jan 22, 2026Subscription Closes Done
Jan 27, 2026Basis of Allotment Done
Jan 28, 2026Listing on BSE Done
Jan 30, 2026Better odds than heavily subscribed IPOs. Based on retail subscription of 3.73×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
