Poojaa Precision Engg IPO Day 1: Issue subscribed 2.25x so far. GMP hints 86% listing gain. Check issue details

Poojaa Precision Engg IPO opened on 28 July 2026 with a price band of about ₹285-301 per share and was subscribed 2.25 times on day 1, with retail portion at 3.69x and NII at 2.02x. Grey market premium of about ₹260 indicates an estimated listing gain of around 86 percent over the issue price of ₹301. The company reported FY26 revenue of ₹293.86 crore, EBITDA margin of 17.62 percent, PAT of ₹30.90 crore, ROE of 28.18 percent, and plans to use proceeds for expanding manufacturing capacity including Unit III and a new Unit IV for magnesium components.