Poojaa Precision Engg. Limited IPO Overview
Established in 1992, Poojaa Precision Engg. (formerly Pooja Castings) is a precision engineering company engaged in the manufacturing of aluminium die-cast and machined components for automotive, electric vehicle (EV), and industrial applications. The company operates two manufacturing facilities in Chakan, Pune, with an annual melting capacity of 13,800 MT and casting and finishing capacity of approximately 6,000 MT. Its integrated capabilities span design, engineering, melting, gravity die casting (GDC), low-pressure die casting (LPDC), high-pressure die casting (HPDC), machining, assembly, and quality testing.
The company serves a diversified customer base comprising OEMs, Tier-1 automotive suppliers, and international customers across Germany, the United States, Italy, and Switzerland, while recently expanding into the aerospace sector through approved vendor partnerships.
The company is now launching its SME IPO on the BSE SME platform. Poojaa Precision Engg. Ltd. has issued a ₹159.83 crore IPO, entirely as a fresh issue with no OFS component, to set up a new manufacturing facility and meet working capital requirements. The price band is ₹285–₹301 per share with a lot size of 400 shares. The IPO opens on 28 July 2026 and closes on 30 July 2026, with listing expected on 4 August 2026 on BSE SME.
IPO Detailed Information
Issue Details
| Parameter | Details |
| IPO Type | Book Built – SME |
| Listing Exchange | BSE SME |
| IPO Open Date | 28 July 2026 |
| IPO Close Date | 30 July 2026 |
| Allotment Date | 31 July 2026 (Expected) |
| Refund Initiation | 01 August 2026 |
| Credit to Demat | 01 August 2026 |
| Listing Date | 04 August 2026 (Tentative) |
| Price Band | ₹285 – ₹301 per share |
| Face Value | ₹10 per share |
| Lot Size | 400 shares |
| Minimum Investment (Retail) | ₹2,40,800 (2 lots = 800 shares) |
| Minimum Investment (HNI) | ₹3,61,200 (3 lots = 1,200 shares) |
| Issue Size | ₹159.83 crore |
| Fresh Issue | 53,10,000 shares (₹159.83 crore) |
| Offer For Sale (OFS) | Nil |
Note: The entire IPO is a fresh issue — no offer-for-sale component. All proceeds go directly to the company.
Issue Break-up
| Category | Allocation |
| Qualified Institutional Buyers (QIB) | ~50% |
| Non-Institutional Investors (NII/HNI) | ~15% |
| Retail Individual Investors (RII) | ~35% |
| Market Maker | 2,66,000 shares (Reserved) |
OFS / Selling Shareholders
There is no Offer For Sale (OFS) in this IPO. The IPO is a totally fresh issue, meaning the entire ₹159.83 crore raised will go directly to the company for business expansion purposes.
Objects of the Issue (Fund Utilization)
The company proposes to utilise the net proceeds from the fresh issue towards the following objects: funding capital expenditure towards setting up of a new manufacturing facility at Gat No. 382, 383, 386, 387, 312, Village, Tal. – Khed, Dist. – Pune, to meet working capital requirements, and for general corporate purposes.
- Capital expenditure for setting up a new manufacturing facility at Khed, Pune
- Working capital requirements
- General corporate purposes
Lead Managers & Registrar
- Book Running Lead Manager: Hem Securities Ltd.
- Registrar to the Issue: MUFG Intime India Pvt. Ltd.
- Market Maker: Hem Finlease Pvt. Ltd.
Promoters & Management
The promoters of Poojaa Precision are Anil Shivajirao Kulkarni, Jayshree Anil Kulkarni, Sanket Anil Kulkarni, Rahul Sohanlal Ranka, Vaishali Dakshendra Agrawal, Dakshendra Brijballabh Agrawal, Bhavya Dakshendra Agrawal, and Bhavya Financial Services Private Limited.
Marquee investor Mukul Mahavir Agrawal has acquired a 1.37% stake in the company in the pre-IPO round — a strong vote of confidence ahead of the public listing.
Company Details
Poojaa Precision Engg. is a precision engineering company engaged in the manufacturing of aluminium die-cast and machined components for automotive, electric vehicle (EV), and industrial applications. Its integrated capabilities span design, engineering, melting, gravity die casting (GDC), low-pressure die casting (LPDC), high-pressure die casting (HPDC), machining, assembly, and quality testing.
Sectors Served:
- Automotive (OEMs & Tier-1 Suppliers)
- Electric Vehicles (EV)
- Aerospace
- Agriculture, Defence, Energy & Healthcare (Industrial)
Key Products:
- Transmission Housings
- Intake Manifolds
- Clutch Housings
- Compressor Brackets
- Cylinder Head Covers
- Industrial Castings for Agriculture, Defence, Energy & Engineering
Key Capabilities:
- Integrated aluminium die-casting, machining, and precision engineering capabilities with a comprehensive product portfolio serving automotive, EV, aerospace, and industrial sectors.
- During FY 2024–25, the company manufactured over 500 SKUs, including several safety-critical components supplied directly to OEMs and Tier-1 suppliers.
Manufacturing Facilities:
- 2 units at Chakan, Pune — Gat No. 253/1A, Village Kharabwadi
- Annual melting capacity: 13,800 MT | Casting & finishing capacity: ~6,000 MT
International Presence:
- The company manufactures components for the India, United States, Germany, Italy, and Switzerland markets.
Employees: As of March 31, 2026, the company employs 216 permanent personnel across manufacturing, quality assurance, design, maintenance, business development, finance, HR, and other operational functions.
Financial Snapshot
| Period | Revenue (₹ Cr) | PAT (₹ Cr) |
| FY25 | ₹222.80 | ₹23.93 |
| FY26 | ₹295.20 | ₹30.90 |
Key Financial Metrics
- Revenue grew by 32% and PAT rose by 29% between FY25 and FY26 — reflecting consistent and strong business growth.
- GMP (Grey Market Premium): Currently at ₹150 per share, indicating strong market confidence and potential listing gains.
- Entire IPO is a fresh issue — zero promoter exit, all capital for business use
- Pre-IPO stake acquired by marquee investor Mukul Mahavir Agrawal at ₹301 per share
Company Strengths
- Integrated manufacturing capabilities with design emphasis on customer specifications and quality standards.
- Strong diversification into EV and non-automotive segments — EV contributed 8.75% and non-automotive 19.21% of FY25 revenue, reducing dependence on traditional auto alone.
- Diversified and international customer base across Germany, USA, Italy, and Switzerland, with recently initiated entry into the aerospace sector through approved vendor partnerships.
- Consistent and strong revenue and profit growth — 32% revenue CAGR and 29% PAT growth in FY26
- Over 3 decades of operational track record since 1992 — deep domain expertise in aluminium precision manufacturing
- High-profile pre-IPO investment from ace investor Mukul Mahavir Agrawal signals strong institutional confidence.
Key Risks & Challenges
- Automotive sector accounted for 72.05% of FY25 revenue — significant dependence on one sector, making the business vulnerable to auto industry cycles and slowdowns.
- Capital-intensive business — setting up a new facility at Khed requires timely execution and project risk management
- Raw material risk — aluminium prices are globally volatile and can impact margins directly
- SME IPO liquidity risk — limited secondary market trading volumes on BSE SME platform
- International revenue exposure brings forex risk from US Dollar and Euro fluctuations
- Competition from established domestic and global aluminium die-casting manufacturers in automotive supply chains
Disclaimer:
This document is for informational purposes only and should not be considered as investment advice. Investors should read the Red Herring Prospectus (RHP) carefully and consult a financial advisor before investing in any IPO. Market investments are subject to risk.
