Poojaa Precision Engineering Limited operates as a specialised precision engineering company, manufacturing aluminum die casting and machining components for diverse sectors including automotive, electric vehicles (EV), defence, and agriculture.
The Poojaa Precision Engineering IPO will be open for subscription from July 28 to July 30, 2026, aiming to raise a maximum of ₹160.00 crores.
This public transition consists entirely of a fresh issue totaling 53,10,000 equity shares. The price band for this BSE SME offering has been fixed at ₹285 to ₹301 per equity share, requiring a minimum retail bidding lot of 400 shares.
This article provides the current Grey Market Premium (GMP) for the Poojaa Precision Engineering IPO, along with its subscription status, allotment date, price band, and a full review. Track all the latest SME & Mainboard IPOs at one place.
Poojaa Precision Engineering IPO Details
- Price Band: ₹285 – ₹301 per share
- IPO Open / Close Dates: 28 July 2026 / 30 July 2026
- Lot Size: 400 shares (Minimum retail investment is 2 lots: 800 shares)
- Issue Size: 53,10,000 shares / Up to ₹160.00 crores
- Fresh Issue / OFS: Fresh Issue of 53,10,000 shares / OFS: Nil
- Registrar: MUFG Intime India Pvt.Ltd.
- Listing Exchange: BSE SME
IPO Reservation
- Face value: ₹10 per share
- Anchor offer: Up to 14,99,600 Equity Shares
- QIB-shares: Not more than 25,00,000 Equity Shares (Includes Anchor Portion)
- NIIs-Shares offered: Not less than 7,51,200 Equity Shares
- RIIs- Shares offered: Not less than 17,51,200 Equity Shares
What is Today's Grey Market Premium (GMP) for the Poojaa Precision Engineering IPO?
To follow the daily GMP of this issue and upcoming market offerings, visit our centralized GMP tracking page.
Keep in mind that GMP is an informal metric determined by shifting market interest; because it fluctuates day to day, it operates completely outside the oversight of regulatory bodies like SEBI, BSE, and NSE.
More GMP Studies: GMP vs Listing Gains: A Data Analysis of 17 IPOs Listed in February 2026
What is the Official Schedule and Allotment Timeline for the Poojaa Precision Engineering IPO?
- IPO Open & Close Date: 28 July 2026 to 30 July 2026
- Basis of Allotment Date: 31 July 2026
- Refund Initiation Date: 3 August 2026
- Credit of Shares: 3 August 2026
- Listing Date: 4 August 2026
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What are the Corporate Goals behind the Poojaa Precision Engineering Public Fundraising?
The company management intends to deploy the net proceeds from the fresh issue for the following core objectives:
- Capital Expenditure: A massive allocation of ₹106.33 crores is designated to establish a new manufacturing facility (Unit III) in Pune, Maharashtra.
- Working Capital: Approximately ₹30.00 crores will be directed towards meeting incremental working capital requirements, specifically for inventory and receivables.
- General Corporate Purposes: The remaining funds (capped at 15% of gross proceeds or ₹10.00 crores) will support strategic business exigencies.
How is The Financial Performance of Poojaa Precision Engineering ?
Below is the summary of the company’s financial records reported in Rupees Crores.
Period Ended | 31 Mar 26 | 31 Mar 2025 | 31 Mar 24 |
Total Income | 295.20 | 222.80 | 174.59 |
Profit After Tax | 30.90 | 23.93 | 16.10 |
EBITDA | 51.78 | 39.89 | 27.45 |
Total Borrowing | 41.16 | 19.54 | 14.28 |
Assets | 231.38 | 135.92 | 96.75 |
Source: RHP
Financial Observations
Total Income
The company showcased a consistent and rapid upward trajectory in its revenue streams over the observed periods.
- Total income expanded impressively from ₹174.59 crores in FY24 to ₹295.20 crores in FY26.
- This surge was primarily driven by aggressive scaling within the electric vehicle (EV) segment.
- Diversification into non-automotive sectors like defence and healthcare further supported top-line growth.
Profit After Tax
Net profit experienced robust, sequential growth as the operational footprint widened.
- PAT surged from ₹16.10 crores in FY24 to ₹30.90 crores in FY26.
- The PAT margin remained stable, settling at 10.52% in the most recent fiscal year.
- This profitability highlights the firm's capacity to absorb rising raw material costs effectively.
EBITDA
Operational earnings advanced significantly as the business scaled its production volumes.
- EBITDA almost doubled from ₹27.45 crores in FY24 to ₹51.78 crores in FY26.
- The EBITDA margin stood strong at 17.62% during the latest reported fiscal period.
- Efficient cost rationalisation strategies contributed to sustaining these competitive margins.
Total Borrowing
The firm utilized considerable external debt to finance its capital-intensive expansion plans.
- Total borrowings increased sharply from ₹14.28 crores in FY24 to ₹41.16 crores in FY26.
- These new loans were predominantly availed for capacity expansion and machinery financing.
- The overall Debt-to-Equity ratio increased to 0.31x by the end of March 2026.
Assets
The resource base of the company expanded substantially to support its integrated manufacturing model.
- Total assets grew from ₹96.75 crores in FY24 to ₹231.38 crores in FY26.
- This growth is tied to heavy investments in property, plant, and die-casting equipment.
- The planned establishment of Unit III will further augment this physical asset base.
What Are the P/E ratio and Peer Comparison?
The P/E ratio evaluates a company's stock value by dividing its current price by its profit per share to show what buyers pay per rupee of profit.
Based on its highest target price of ₹301 and an FY26 basic profit per share of ₹21.90, Poojaa Precision Engineering enters the market with an implied P/E ratio of 13.74x.
Name of Company | Face Value (₹) | Basic EPS (₹) | P/E Ratio | RoNW (%) | Total Income (₹ Cr) |
Poojaa Precision Engg. Ltd | 10 | 21.90 | 13.74 | 23.21 | 295.20 |
Alicon Castalloy Ltd | 5 | 21.09 | 31.49 | 5.48 | 1,784.47 |
RICO Auto Industries Ltd | 1 | 3.73 | 36.29 | 6.68 | 2,487.71 |
Endurance Technologies Ltd | 10 | 67.66 | 39.52 | 13.91 | 14,719.85 |
Analysis:
Poojaa Precision Engineering enters the primary market demanding an implied P/E multiple of approximately 13.74x at the upper price band.
When benchmarked against listed auto-component giants like Endurance Technologies (39.52x), RICO Auto Industries (36.29x), and Alicon Castalloy (31.49x), the issue appears to be priced at a visible discount.
Although Poojaa Precision operates on a much smaller revenue base compared to these established industry leaders, it boasts a significantly superior Return on Net Worth (RoNW) of 23.21%.
This high return metric indicates highly efficient capital allocation and robust profitability within its specific operational scale.
What is The Industry Outlook of Poojaa Precision?
Growth potential: The Indian auto-component manufacturing sector is experiencing rapid transformation, driven heavily by the transition to Electric Vehicles (EVs). Precision die-cast aluminum parts are in high demand as original equipment manufacturers (OEMs) look to reduce vehicle weight to improve battery efficiency.
Market trends and competitors: The precision engineering and metal casting space is capital-intensive and highly competitive, featuring both large conglomerates and specialised regional operators. Success hinges on securing long-term OEM validations, maintaining strict quality controls, and effectively managing raw material price volatility, specifically for aluminum.
What are the Main Strengths and Potential Risks of Investing in the Poojaa Precision Engineering IPO?
Strengths:
- High Return Profile: The company delivers a superior Return on Net Worth (RoNW) of 23.21%, outperforming its larger listed peers significantly.
- EV Diversification: The business successfully expanded into the high-growth EV space, with segment revenue jumping from ₹10.64 crores to ₹28.82 crores in recent years.
- Integrated Manufacturing: Operating with a combined melting capacity of 13,800 MT across its facilities ensures steady supply chain execution.
Risks:
- Customer Concentration: More than 70% of the company's revenue is derived from its top five customers. The loss of any major OEM would severely impact overall profitability.
- Raw Material Volatility: Aluminum constitutes up to 76% of total raw materials consumed. The lack of long-term supply agreements exposes the firm to sudden commodity price fluctuations.
- Execution Risk: A massive portion of the IPO proceeds (₹106.33 crores) is allocated to establishing a new manufacturing facility and entering the magnesium casting space, posing technology stabilisation risks.
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Key Considerations for Investors
- Customer Concentration: The business is heavily reliant on a few key clients, with over 70% of its revenue consistently generated from just its top five customers.
- Capex Allocation: The primary objective of the issue is to deploy ₹106.33 crores to establish a new facility (Unit III), introducing execution and technology stabilisation risks.
- Cash Flow Constraints: Heavy ongoing capital expenditures have resulted in consistent negative cash flows from investing activities, notably ₹(57.34) crores in FY26.
- Material Price Risk: Aluminum makes up 76% of total raw materials. The absence of long-term supply contracts leaves margins vulnerable to metal price volatility.
Key Takeaways
- IPO Price Band: ₹285 to ₹301 per equity share
- Lot Size: 400 shares (Minimum retail application of ₹2,40,800 for 2 lots)
- Allotment Date: Allotment on 31 July 2026
- Listing Date: Listing on BSE SME on 4 August 2026
FAQs on Poojaa Precision Engineering IPO
What is Poojaa Precision Engineering IPO GMP today?
You can track the newest Grey Market Premium (GMP) updates for this small and medium enterprise (SME) offering on our main GMP dashboard, where informal premium rates fluctuate daily based on off-exchange trading activity.
What is Poojaa Precision Engineering IPO price band?
The company has set the share price range for this public offering between ₹285 and ₹301 per stock.
What is Poojaa Precision Engineering IPO allotment date?
The company plans to finalize its share distribution status on July 31, 2026.
How to check Poojaa Precision Engineering IPO allotment status?
You can confirm your final share results on the official website of the issue's registrar, MUFG Intime India Pvt. Ltd., by entering your PAN card number or application identification.
What is Poojaa Precision Engineering IPO listing date?
According to the timeline, the equity shares are scheduled to join the BSE SME trading platform on August 4, 2026.
Investment Perspective on Poojaa Precision Engineering IPO
Poojaa Precision Engineering presents a compelling IPO opportunity, driven by its strategic diversification into the high-growth EV and magnesium casting sectors.
The company boasts robust financials, achieving a 30% revenue CAGR and a superior 23.21% Return on Net Worth in FY26. While integrated manufacturing and experienced promoters are strong assets, investors must carefully weigh the high customer concentration risk against its aggressive, capital-intensive expansion plans.
Disclaimer:
Please treat this content as a helpful overview rather than individual investment guidance. It is highly recommended that you consult a SEBI-certified advisor to match your specific financial needs before investing.
