Poojaa Precision Engineering Ltd. made a strong debut on the BSE SME platform on Tuesday, 4 August, with shares listing at a 54.53% premium to the issue price. The company's shares opened at ₹470 per share, significantly above the IPO price of ₹301 per share, reflecting robust investor confidence in the precision engineering company. The stock traded at ₹465.15 during the session, representing a 54.53% premium to the issue price. The stock hit a high of ₹489.90 and a low of ₹451.10, with about 24.17 lakh shares changing hands at the counter. The strong listing performance validates the market's positive sentiment towards the company's growth prospects and operational capabilities.
The ₹160 crore IPO received exceptional investor response, with the public issue getting subscribed 259.42 times overall. As reported by Business Standard, the price band was fixed at ₹285-301 per share, with the company offering 38.10 lakh shares while investors placed bids for 98.85 crore shares. The issue opened for bidding on 28 July 2026 and closed on 30 July 2026. At the upper end of the price band, the total value of bids stood at about ₹29,754 crore. The company also raised ₹45.13 crore from anchor investors ahead of the public issue, with the board allotting 14.99 lakh shares at ₹301 per share to 14 anchor investors. The IPO comprised a fresh issue of 53.10 lakh shares, while the promoter and promoter shareholding diluted to 60.63% from 82.63% pre-IPO.
According to Business Standard, Poojaa Precision Engineering intends to utilize the net proceeds primarily to expand its manufacturing capabilities through strategic facility additions. The company plans to invest ₹106.34 crore towards expanding its Unit III manufacturing facility, which will add 15,000 metric tonnes per annum (MTPA) of melting capacity and 6,600 MTPA of component manufacturing and finishing capacity. Additionally, the company plans to set up Unit IV for manufacturing magnesium-based precision components, positioning the company well for its next phase of expansion and operational scaling. The company intends to utilize the proceeds towards funding capital expenditure for setting up a manufacturing facility at Pune, Maharashtra, meeting its working capital requirements, and for general corporate purposes.
As reported by Business Standard, Poojaa Precision Engineering delivered strong financial performance for the period ended 31 March 2026, highlighting its operational strength and profitability. The company recorded revenue from operations of ₹293.85 crore and net profit of ₹30.90 crore for the financial year 2025-26. The company's market capitalisation post listing stood at ₹937.41 crore, reflecting strong investor confidence in its growth trajectory and operational capabilities.
According to Business Standard, Poojaa Precision Engineering Ltd. was incorporated in August 1992 and is a precision engineering company engaged in manufacturing aluminium die-cast and precision-machined components used in engines, drivetrains, EV powertrains and electrical systems. The Pune-based company manufactures precision-engineered aluminium and machined components used in the automotive, electric mobility and diversified industrial sectors. The company manufactures over 600 SKUs, including several safety-critical components, through integrated capabilities spanning Gravity Die Casting (GDC), Low-Pressure Die Casting (LPDC), High-Pressure Die Casting (HPDC), machining, assembly and engineering services. As of 31 March 2026, the company had 216 permanent employees across manufacturing, quality assurance, design, maintenance, business development, finance, human resources and other operational functions. Poojaa Precision operates advanced manufacturing facilities equipped with melting units, casting lines, machining centres and quality assurance infrastructure, enabling end-to-end solutions from product design and engineering to casting, machining, assembly and finishing. The company serves OEMs, Tier-1 suppliers and international customers across Germany, the US, Italy and Switzerland, and has recently expanded into the aerospace sector through approved vendor partnerships.
