Shayona Engineering IPO Launches with Muted Sentiment Shayona Engineering opens for subscription on Thursday, entering the SME primary market with a total issue size of **Rs 14.86 crore**. The offering consists entirely of a fresh issue of shares. Market enthusiasm appears tempered at the open, reflected by a **flat** grey market premium (GMP). This suggests that expectations for immediate listing gains remain muted among traders. Investor focus is largely directed toward fundamental performance. Key monitorables for the stock include the company's capacity to scale execution capabilities and its ability to ensure margin sustainability post-listing.