
The Poojaa Precision Engg IPO has demonstrated exceptional market response on its second day, achieving 3.2x subscription by 12:30 PM IST on July 28, 2026. According to BSE data, the retail portion is subscribed 5.57x, while the non-institutional investor (NII) portion has been booked 2.77x. The company has received bids for 1,25,78,400 shares against 38,10,400 shares on offer, reflecting robust demand for the precision engineering firm's public offering. The SME IPO, which is set to close on July 30, is a book-built issue aiming to raise ₹159.83 crore through entirely fresh equity of 53,10,000 shares at a price band of ₹285 to ₹301 per share.
The Poojaa Precision Engg IPO has demonstrated strong institutional confidence, raising ₹45.1 crore from 14 anchor investors on July 27, 2026, a day ahead of the public issue opening. According to a BSE filing, the company has finalised the allocation of 14.99 lakh shares through the anchor book at the upper end of the price band. Abakkus Asset Manager-backed Abakkus Venture Opportunities Fund emerged as the largest anchor investor, acquiring 4.65 lakh shares (representing 2.33% of the post-issue paid-up equity) for ₹14 crore. Motilal Oswal Finvest, the non-banking financial company of Motilal Oswal Financial Services, acquired 1.82 lakh shares for ₹5.5 crore. Other notable participants included Mint Focussed Growth Fund, Hem Growth Opportunities Fund, India Max Investment Fund, Meru Investment Fund, Upsurge Opportunities Fund, and Saint Capital Fund.
The Poojaa Precision Engg IPO is trading with a grey market premium (GMP) of ₹285, suggesting strong listing prospects for the precision engineering company. According to Investorgain and IPO Watch, both platforms have pegged the GMP at approximately 94%, as of July 28, though gains for SME IPOs are capped at 90%. This premium indicates consistent positive sentiment among grey market participants and suggests investor confidence in the company's growth prospects and manufacturing expansion plans. However, investors must note that grey market premiums are unofficial and based on market speculation, they do not guarantee listing gains or reflect the company's fundamentals.
As reported by The Economic Times, Poojaa Precision Engg is a precision engineering firm established in August 1992, specializing in aluminium die-casting and precision-machined components for engines, drivetrains, EV powertrains, and electrical systems. The company manufactures over 600 products, including safety-critical components, through integrated capabilities in gravity die casting (GDC), low-pressure die casting (LPDC), high-pressure die casting (HPDC), machining, assembly, and engineering services. The company supplied components to 58 customers across domestic and international markets in FY26, with clients including original equipment manufacturers (OEMs), Tier-1 automotive suppliers, and customers in countries such as Germany, the United States, Italy, and Switzerland. The company currently operates two manufacturing facilities with an annual melting capacity of 13,800 metric tonnes (MT) and a casting and finishing capacity of 6,000 MT.
According to reports from The Economic Times, Poojaa Precision Engg has delivered robust financial performance in recent years. For the financial year 2025-26, the company reported revenue from operations of ₹293.86 crore and a profit after tax of ₹30.90 crore. The company posted an EBITDA of ₹51.78 crore, translating into a healthy EBITDA margin of 17.62%, reflecting its operational efficiency and disciplined cost management. As of March 31, 2026, the company had 216 full-time employees working across manufacturing, QA, design, maintenance, business development, finance, HR and other operational areas. The company's net worth increased to ₹131.16 crore as of March 2026 from ₹86.20 crore in the previous year. The company's Return on Equity (ROE) stands at 28.18% and Return on Capital Employed (ROCE) is 26.38%, highlighting efficient capital utilisation and the company's ability to generate healthy returns for its stakeholders. The company's EPS stands at ₹21.90 with a P/E ratio of 19.43 and P/B ratio of 3.19.
As reported by The Economic Times, ₹106.3 crore of the issue proceeds will be utilised for establishing the company's third manufacturing facility (Unit III) in Pune, which will add 15,000 metric tonnes per annum (MTPA) of melting capacity and 6,600 MTPA of component manufacturing and finishing capacity. An additional ₹30 crore will be allocated for working capital requirements, with the remaining funds used for general corporate purposes. The company is also diversifying into the manufacturing of precision magnesium components, setting up Unit IV to undertake sample development and submission activities for magnesium components until customer and OEM approvals are obtained. The allotment for the issue is expected to be finalised on July 31, with the shares tentatively scheduled to list on the BSE SME platform on August 4. Hem Securities has been appointed as the book-running lead manager for the Poojaa Precision Engg IPO, with MUFG Intime India Pvt. Ltd. serving as the registrar and Hem Finlease Pvt. Ltd. as the market maker.