Published: July 23, 2026 | Updated: July 23, 2026 | By IPOwiz Editorial Team

Poojaa Precision Engg. BSE SME IPO: Price Band, GMP Today, Financials & Subscription Review

Poojaa Precision Engg. Limited is set to open its BSE SME IPO on July 28, 2026. The company is raising Rs 159.83 crore through a 100% fresh issue at a price band of Rs 285 to Rs 301 per share.

The grey market is already showing strong early demand. As of July 23, 2026, the live GMP stands at Rs 195, pointing to an estimated listing price of Rs 496 per share and a potential listing gain of around 64.78% at the upper band.

This review covers the IPO dates, lot size, financials, valuation, risks, and our subscription outlook to help you make an informed decision.

📋 Table of Contents

Poojaa Precision Engg. SME IPO Details

This is a 100% fresh issue. No promoter or existing investor is selling shares. Every rupee raised goes directly into the company for capacity expansion and working capital.

Poojaa Precision Engg. SME IPO Date and Schedule

Poojaa Precision Engg. SME IPO GMP Today

The current grey market premium (GMP) of Rs 195 indicates an estimated listing price of around Rs 496 per share, based on the upper price band of Rs 301. This reflects strong interest in the IPO ahead of its opening.

If a retail investor receives allotment of the minimum application size of 2 lots (800 shares), requiring an investment of Rs 2,40,800, the estimated listing gain based on the current GMP works out to around Rs 1,56,000. However, GMP is only an unofficial market indicator, and the actual listing price may be higher or lower depending on market conditions.

Note: GMP is an informal indicator based on unlisted market activity. It reflects current sentiment, not a guaranteed listing outcome.

Track live GMP updates for all active SME IPOs on the IPOwiz Live GMP Tracker.

Poojaa Precision Engg. SME IPO Lot Size and Application Amount

Note: Bidding at the cut-off price is not permitted in this book-built SME issue. Applicants must enter the upper band price of Rs 301 explicitly.

About Poojaa Precision Engg. Limited

Incorporated in August 1992 and headquartered in Chakan, Pune, Poojaa Precision Engg. Limited is a precision aluminium die-casting and machined components manufacturer with over 34 years of operating history.

The company operates across three core casting processes:

• Gravity Die Casting (GDC)
• Low-Pressure Die Casting (LPDC)
• High-Pressure Die Casting (HPDC)

Its manufacturing facilities in Kharabwadi, Chakan, house integrated melting furnaces, automated die-casting cells, 3-axis and 5-axis CNC machining centers, and in-house quality control labs.

Product Portfolio

The company manufactures over 600 unique component types used across:

• Automotive and EVs: Commercial vehicles, passenger cars, two-wheelers, EV powertrain housings
• Aerospace and Defence: Structural brackets, valve housings, approved vendor military components
• Industrial and Energy: Agricultural machinery, healthcare systems, energy grid components, and general engineering

Exports and Clients

The company serves OEMs, Tier-1 automotive suppliers, and export clients across Germany, the United States, Italy, and Switzerland. As of March 31, 2026, the company employed 216 permanent staff.

Poojaa Precision Engg. Financials: Revenue, PAT, and EBITDA

Revenue has grown at a strong pace across three consecutive years, from Rs 174.59 crore in FY24 to Rs 295.20 crore in FY26, a compounded increase of roughly 30% annually. PAT has followed a similar trajectory, reaching Rs 30.90 crore in FY26.

EBITDA margins have remained broadly stable at 17-18%, showing reasonable operating leverage despite rising input and manpower costs.

Total debt increased to Rs 41.16 crore in FY26, partly to support pre-IPO working capital needs. However, with a net worth of Rs 133.16 crore post-fundraise, the leverage profile remains manageable.

Key Financial Ratios and Return Metrics

• Return on Equity (ROE / RoNW): 28.18% / 23.21%
• Return on Capital Employed (ROCE): 26.38%
• Debt-to-Equity Ratio: 0.31x
• Post-IPO EPS (Diluted): Rs 15.49
• Post-IPO P/E Ratio: 19.43x (at upper band price of Rs 301)
• Net Asset Value (NAV): Rs 94.36

The return ratios are notably strong relative to the sector. An ROE of 28% and ROCE of 26% suggest the business is generating healthy returns on the capital it deploys, which is an important signal for a manufacturing company of this scale. The debt-to-equity at 0.31x is conservative, leaving room for the balance sheet to absorb the planned Rs 106 crore capex without excessive leverage.

IPO Proceeds: How the Company Plans to Use the Funds

The company plans to deploy net proceeds of approximately Rs 136.34 crore as follows:

The new plant will expand casting and CNC machining capacity to meet growing EV and aerospace order books. This is a capacity-led growth story rather than a balance sheet recapitalization, which is a structurally healthier use of IPO funds.

Poojaa Precision Engg. IPO Valuation vs Listed Peers

At a post-IPO P/E of 19.43x, Poojaa Precision is priced at a meaningful discount to all three listed peers, which trade between 31x and 39x. What makes this more interesting is that Poojaa's return ratios are materially better. Its RoNW of 23.21% compares favorably against peers ranging from 5% to 14%.

This combination of a lower valuation multiple and higher return on equity is relatively uncommon in this sector and may partly explain the strong grey market response.

Poojaa Precision Engg. SME IPO: Key Risks

Poojaa Precision Engg. SME IPO Subscription & Allotment Status

Subscription data will be updated here during the bidding window from July 28 to July 30, 2026.

Given the GMP of Rs 195 and the attractive valuation versus peers, heavy retail and NII oversubscription is likely. Final subscription numbers will determine allotment probability for retail applicants.

How to Check Poojaa Precision Engg. IPO Allotment Status

Allotment is expected to be finalized on July 31, 2026. Shares will be credited to demat accounts on August 3, 2026.

You can check your allotment through the official MUFG Intime India portal using your PAN, application number, or demat account number. Alternatively, use the IPOwiz App to check allotment status across multiple family accounts on a single screen on allotment evening.

Should You Subscribe to Poojaa Precision Engg. SME IPO?

My Personal View: I will apply

Poojaa Precision Engg. brings a clear combination of consistent financial performance, attractive peer-relative valuation, and a well-defined use of proceeds.

💪 Key Positives

• Revenue compounding at roughly 30% annually over three years
• PAT of Rs 30.90 crore in FY26 with stable margins
• ROE of 28.18% and ROCE of 26.38%, both well above sector peers
• Post-IPO P/E of 19.43x is a 50% discount to the cheapest listed peer
• 100% fresh issue with a clear and capacity-building use of proceeds
• Strong grey market demand with GMP at Rs 195 (+64.78%)

⚠️ Key Risks to Watch

• Automotive sector dependency
• Greenfield plant execution timeline
• Aluminium price movements impacting margins
• Debt increase trend

For investors comfortable with SME IPO illiquidity and the manufacturing sector, this issue offers a reasonable risk-reward balance for both listing gains and medium-term fundamental holding.

That said, SME IPO listings can be volatile and grey market premiums can narrow between subscription close and listing day. Investors should size their applications accordingly.

Frequently Asked Questions