Poojaa Precision Engineering Limited

Here are the complete details regarding Poojaa Precision Engineering Limited IPO, including company fundamentals, subscription status, issue schedule, and Grey Market Premium (GMP).

1. Company Profile & Business Overview

Incorporated in August 1992, Poojaa Precision Engineering Limited (formerly known as Pooja Castings Pvt. Ltd.) is an engineering company specializing in precision-machined components and aluminum die-casting.

  • Products & Applications: Produces over 600 components for gravity die casting (GDC), low-pressure die casting (LPDC), and high-pressure die casting (HPDC). Key applications include engine components, drivetrains, EV powertrains, structural parts, and specialized industrial equipment.

  • Industries Served: Automotive (commercial vehicles, passenger cars, two-wheelers, EVs), defense, healthcare, energy, agriculture, and general engineering.

  • Manufacturing Infrastructure: Operates facilities in Chakan, Pune, with an installed melting capacity of 13,800 MT and casting/finishing capacity of 6,000 MT. Exports to international markets, including the USA, Germany, Italy, and Switzerland.

  • Objects of the Issue: The fresh issue proceeds (~₹159.83 Crore) will be allocated towards:

    1. Funding capital expenditure for setting up a new manufacturing facility in Pune (~₹106.34 Cr).

    2. Funding working capital requirements (~₹30.00 Cr).

    3. General corporate purposes.

2. Company Fundamentals & Financial Performance

The company has recorded top-line growth and margin expansion over recent fiscal years:

Metric / Financial Indicator FY2024 FY2025 FY2026
Revenue from Operations ₹173.7 Cr ₹222.0 Cr ₹293.9 Cr
Profit After Tax (PAT) ₹16.1 Cr ₹23.9 Cr ₹30.9 Cr
EBITDA Margin 15.8% 18.0% 17.6%
PAT Margin 9.27% 10.76% 10.52%
Return on Equity (ROE) — — 28.18%
Debt-to-Equity Ratio — — 0.31x

Key Ratios & Valuation

  • Upper Price Band P/E Ratio: ~19.43x (post-issue earnings basis)

  • Price-to-Book (P/B) Ratio: ~3.19x

  • Key Strengths: Fully integrated in-house casting and precision machining, strong OEM relationships, strategic manufacturing cluster location, and low leverage.

  • Key Risks: Revenue concentration in the automotive segment (~70% top clients) and vulnerability to raw material volatility (aluminum).

3. IPO Key Details & Schedule

  • IPO Price Band: ₹285 to ₹301 per share

  • Total Issue Size: ₹159.83 Crore (100% Fresh Issue of 53,10,000 shares)

  • Listing Exchange: BSE SME

  • Lot Size: 400 shares per lot

  • Minimum Retail Investment: 2 lots (800 shares) = ₹2,40,800 (at the upper price band)

  • Lead Manager: Hem Securities Limited

  • Registrar: MUFG Intime India Pvt. Ltd. (formerly Link Intime)

Important Dates Schedule

  • Issue Open Date: July 28, 2026

  • Issue Close Date: July 30, 2026

  • Basis of Allotment: July 31, 2026

  • Initiation of Refunds / Credit to Demat: August 3, 2026

  • Tentative Listing Date: August 4, 2026

4. Live Subscription Status (Day 1)

As of Day 1 (July 28, 2026), the issue witnessed demand across non-institutional and retail buckets:

  • Qualified Institutional Buyers (QIB): ~0.00x

  • Non-Institutional Investors (NII / HNI): ~5.09x – 5.24x

  • Retail Individual Investors (RII): ~8.00x – 8.26x

  • Overall Subscription: ~5.04x – 5.20x

(Note: Anchor investors were allocated ₹45.14 Crore worth of shares on July 27, 2026).

5. Grey Market Premium (GMP)

  • Current Live GMP: ₹200 per share (~66.45% over the upper price band of ₹301)

  • Estimated Indicative Listing Price: ₹501 per share

Note: The grey market premium reflects strong initial market interest for this issue, driven by the company’s financial growth profile and expansion plans in precision engineering.

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