Poojaa Precision Engg. Ltd. IPO

Poojaa Precision Engg. Limited is a precision engineering company engaged in manufacturing aluminium die-casting and machining components for automotive and non-automotive applications. Its products are used in automotive vehicles, electric vehicles and sectors including agriculture, defence, energy, healthcare and engineering goods.

The company was originally incorporated as Pooja Castings Pvt. Ltd. in 1992. It subsequently changed its name to Poojaa Precision Engg. Private Limited in December 2025 and was converted into a public limited company in December 2025.

Poojaa Precision Engg. operates manufacturing facilities in Pune, Maharashtra. Its manufacturing capabilities include gravity die casting (GDC), low-pressure die casting (LPDC), high-pressure die casting (HPDC), machining, assembly and other value-added engineering processes.

The company has more than 600 SKUs, including safety-critical components used in automotive, electric vehicle and non-automotive applications. Its integrated capabilities cover design, engineering, melting, casting, cleaning, machining, assembly and related engineering services.

The company supplies components to automotive OEMs and Tier-1 vendors as well as customers from non-automotive sectors. It supplied components to 58 customers across domestic and international markets in FY2026.

Poojaa Precision Engg. had two manufacturing facilities with annual melting capacity of 13,800 metric tonnes and casting and finishing capacity of 6,000 metric tonnes as reported in connection with the IPO. The company was also setting up additional manufacturing capacity in Pune.

Poojaa Precision Engg. operates in the precision engineering and aluminium die-casting segment, supplying components to automotive and non-automotive industries. Its exposure to electric vehicles, safety-critical components and diversified engineering applications gives it multiple end-market opportunities.

The company's integrated manufacturing capabilities are an important part of its business model. It has melting, casting, machining, assembly and engineering capabilities, allowing it to provide customers with multiple stages of component development and manufacturing.

The company has developed a broad product portfolio of more than 600 SKUs. Its products are used in automotive applications including commercial vehicles, passenger vehicles, two-wheelers and electric vehicles, while its non-automotive exposure includes agriculture, defence, energy, healthcare and engineering goods.

Financial performance has shown consistent growth. Total income increased from ₹174.59 crore in FY2024 to ₹222.80 crore in FY2025 and ₹295.20 crore in FY2026. PAT increased from ₹16.10 crore in FY2024 to ₹23.93 crore in FY2025 and ₹30.90 crore in FY2026.

EBITDA increased from ₹27.45 crore in FY2024 to ₹39.89 crore in FY2025 and ₹51.78 crore in FY2026. Net worth increased from ₹64.83 crore in FY2024 to ₹86.20 crore in FY2025 and ₹133.16 crore in FY2026.

For FY2026, the company reported ROE of 28.18%, ROCE of 26.38%, RoNW of 23.21%, EBITDA margin of 17.62%, PAT margin of 10.52% and debt-to-equity of 0.31.

At the upper price band of ₹301, the pre-IPO EPS was ₹21.12 and the pre-IPO P/E was 14.25x. On a post-issue basis, EPS was ₹15.49 and P/E was 19.43x. These valuation figures are based on the latest FY2026 earnings and the post-issue share capital.

The IPO proceeds were primarily intended for expansion of manufacturing capacity. ₹106.34 crore was earmarked for capital expenditure towards setting up the new manufacturing facility, while ₹30 crore was allocated towards working capital.

The proposed expansion could increase the company's production capabilities, but successful execution, customer approvals and utilisation of the additional capacity will remain important factors for future performance.

The IPO received exceptionally strong demand. On the final day, the issue was subscribed 278.83 times overall, with QIB subscription of 206.46 times, NII subscription of 463.43 times and retail subscription of 247.58 times.

The strong subscription was accompanied by substantial grey-market activity, although GMP is unofficial and should not be considered a guaranteed indicator of listing performance.

Poojaa Precision Engg. shares were listed on BSE SME on 4 August 2026 at ₹470 against the issue price of ₹301, resulting in a listing gain of ₹169 per share, or 56.15%.

Overall, Poojaa Precision Engg. combines an established aluminium die-casting business, diversified end markets, integrated manufacturing capabilities and consistent financial growth. The proposed capacity expansion provides a potential growth avenue, while investors should monitor customer concentration, automotive-sector dependence, execution of the new facility, working-capital requirements and manufacturing risks.

Listing Performance

Poojaa Precision Engg. shares were listed on BSE SME on 4 August 2026 at ₹470 against the IPO issue price of ₹301. The stock therefore debuted at a premium of ₹169 per share, representing a listing gain of 56.15%.

Poojaa Precision Engg. IPO applications were made through the ASBA process and UPI-supported IPO applications. The minimum retail application was 800 shares, requiring ₹2,40,800 at the upper price band of ₹301.

Through UPI

1. Log in to your stockbroker app or website.
2. Go to the IPO section.
3. Select Poojaa Precision Engg. IPO.
4. Enter the required number of lots.
5. Enter your valid UPI ID.
6. Submit the IPO application.
7. Approve the UPI mandate received in your UPI application.
8. Confirm the mandate using your UPI PIN.
9. The application amount remains blocked until the allotment process.
10. The required amount is debited only to the extent applicable after allotment.