Poojaa Precision Engg. IPO

Poojaa Precision Engg. IPO is a book-built issue worth ₹159.83 crore. The entire issue consists of a fresh issue of 53.10 lakh shares, with no offer-for-sale (OFS) component.

The IPO will open for subscription on July 28, 2026, and close on July 30, 2026. The share allotment is likely to be finalised on July 31, 2026. The company's shares are expected to be listed on the BSE SME platform on August 4, 2026.

The price band for the IPO has been fixed at ₹285 to ₹301 per share. Investors can apply for a minimum of 400 shares per lot. For retail investors, the minimum investment is 2 lots (800 shares), which works out to ₹2,40,800 at the upper end of the price band. For HNI investors, the minimum application size is 3 lots (1,200 shares), requiring an investment of ₹3,61,200.

Hem Securities Ltd. is the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd. is the registrar. Hem Finlease Pvt. Ltd. has been appointed as the market maker.

About Poojaa Precision Engg. 

Poojaa Precision Engg. Limited (PPEL) was incorporated in August 1992 as Pooja Castings Pvt. Ltd. The company was renamed Poojaa Precision Engg. Limited after becoming a public company in December 2025. It manufactures precision-engineered aluminium die-cast and machined components for automotive and industrial applications. Its headquarters and manufacturing facilities are located in Chakan, Pune.

The company offers end-to-end manufacturing services, including product design, casting, machining, heat treatment, testing, and final assembly. It operates two manufacturing units with an annual melting capacity of 13,800 metric tonnes. 

Its products are supplied to automotive OEMs, Tier-1 suppliers, and electric vehicle manufacturers. The company also serves industries such as agriculture, defence, power, medical equipment, and industrial compressors.

PPEL generates most of its revenue from the domestic market, with a strong presence in Maharashtra, Karnataka, and Punjab. It also exports products to countries including the US, Germany, Italy, and Switzerland.

Industry Outlook

1. India is the world's second-largest casting producer, manufacturing 12–13 million metric tonnes (MT) of metal castings annually.
2. The Indian metal casting market was valued at US$12.47 billion in 2023 and is projected to reach US$21.25 billion by 2032, growing at a 5.8% CAGR.
3. The automotive sector is the largest consumer of metal castings, accounting for 33%–35% of total production.
4. Major casting production hubs include Kolhapur, Pune, Coimbatore, Rajkot, Belgaum, and Batala/Jalandhar, which together contribute over 60% of India's casting output.
5. Non-automotive industries, including industrial machinery, power generation, railways, defence, and agriculture, consume more than 60% of total metal casting production.
6. Rising demand for lightweight vehicles and electric vehicles (EVs) is driving the aluminium die-casting segment, which is expected to grow at 7%–8% CAGR, faster than traditional iron and steel castings.

Poojaa Precision Engg. IPO Objectives

1. ₹106.34 crore will be used to set up a new greenfield manufacturing facility in Khed, Pune.
2. ₹30 crore has been earmarked to meet the company's working capital requirements, including raw material procurement and business expansion.
3. The remaining proceeds will be utilised for general corporate purposes and issue-related expenses, in line with SEBI regulations.

Financial Performance of Poojaa Precision Engg. 

Poojaa Precision Engg. Peer Comparison

Strengths and Opportunities for Poojaa Precision Engg. IPO

1. The company operates two integrated manufacturing facilities in Chakan, Pune, offering end-to-end capabilities from casting and machining to testing and final assembly.
2. It is equipped with all three major aluminium die-casting technologies—Gravity Die Casting (GDC), Low-Pressure Die Casting (LPDC), and High-Pressure Die Casting (HPDC).
3. The company manufactures more than 600 SKUs, catering to automotive, electric vehicle, agriculture, defence, power, healthcare, and other industrial sectors.
4. Its total income increased from ₹174.59 crore in FY24 to ₹295.20 crore in FY26, reflecting strong revenue growth over the past two years.
5. Profit after tax nearly doubled from ₹16.10 crore in FY24 to ₹30.90 crore in FY26, indicating improving profitability.
6. EBITDA rose from ₹27.45 crore in FY24 to ₹51.78 crore in FY26, highlighting stronger operating performance.
7. The company reported a Return on Net Worth (RoNW) of 23.21% in FY26, indicating efficient utilisation of shareholders' capital.
8. Its net worth more than doubled to ₹133.16 crore in FY26, supported by expanding operations and a skilled workforce.

Risks and Threats for Poojaa Precision Engg. IPO

1. The company derives a significant portion of its revenue from a few key customers, making its financial performance vulnerable to any loss of business or reduction in orders.
2. A large share of its revenue comes from the automotive sector, exposing the business to industry slowdowns and changes in vehicle demand.
3. The company depends on aluminium and other raw materials sourced from third-party suppliers, making it vulnerable to price fluctuations and supply disruptions.
4. It does not have long-term supply agreements with key customers or raw material suppliers, which could affect revenue visibility and cost stability.
5. A substantial portion of the IPO proceeds will be used to set up a new manufacturing facility, exposing the company to project execution, cost overrun, and delay risks.
6. The business has significant working capital requirements, and any delay in customer payments or higher inventory levels could impact cash flows.
7. The company has reported negative operating cash flows during certain periods in the past due to expansion and working capital requirements.
8. The company has disclosed that some historical corporate and statutory records could not be traced, which may expose it to potential compliance-related risks.

Poojaa Precision Engg. IPO Reservation

Poojaa Precision Engg. IPO Promoter Holding

The promoters of the company are Anil Shivajirao Kulkarni, Jayshree Anil Kulkarni, Sanket Anil Kulkarni, Rahul Sohanlal Ranka, Vaishali Dakshendra Agrawal, Dakshendra Brijballabh Agrawal, Bhavya Dakshendra Agrawal, Bhavya Financial Services Pvt.Ltd. 

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Poojaa Precision Engg. IPO Registrar and Lead Managers

Poojaa Precision Engg. IPO Lead Managers

Hem Securities Ltd. 

Registrar for Poojaa Precision Engg. IPO

• Name: MUFG Intime India Pvt.Ltd.
• Phone: 022-49186000
• Email ID: poojaaprecision.smeipo@in.mpms.mufg.com

How To Check the Allotment Status of the Poojaa Precision Engg. IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Poojaa Precision Engg. IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Poojaa Precision Engg. IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Poojaa Precision Engg. IPO

Address: Gat No. 253/1A, Village-Kharabwadi, Chakan, Pune, Maharashtra, 410501

Phone: +91- 86001 08448

Email: info@poojaaprecisionengg.in