Poojaa Precision Engg IPO
Poojaa Precision Engg IPO is an SME IPO raising ₹160 Cr at ₹285 – ₹301 a share. It listed on 4 Aug 2026 at ₹470, +56.1% against its issue price of ₹301, and trades at ₹720 today (+139.2% since issue). It was subscribed 259× in total.
259.4 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
What this company actually does
Read out of the prospectus’s business section, stripped of its marketing language.
Poojaa Precision Engg. Limited is a precision engineering company that manufactures aluminium die-cast and machined components for automotive and EV customers (OEMs and Tier-1 suppliers), and for non-automotive sectors including agriculture, defence, energy, healthcare and engineering goods. It runs an integrated process covering melting, casting (gravity, low-pressure and high-pressure die casting), machining, assembly and testing, producing parts such as intake manifolds, cylinder head covers, camshaft carriers, clutch housings, oil filter holders, transmission housings and brackets. Operations are based out of two manufacturing facilities in the Chakan industrial area of Pune, Maharashtra, with a third Pune unit under construction and a fourth planned for magnesium components.
How it earns
Revenue comes from sale of manufactured aluminium die-cast and machined components to automotive OEMs/Tier-1 suppliers (including EV customers) and non-automotive customers, plus dies sales; business is run on purchase orders with periodic estimated quantities, mostly in India (99.16% of FY26 revenue) with small exports to Germany, US, Italy and Switzerland.
Who buys
Customer base grew from 39 (FY24) to 58 (FY26), with 25 repeat buyers. Customers include domestic automotive OEMs and Tier-1 suppliers plus export customers in Germany, US, Italy and Switzerland. High concentration: top 10 customers = 88.64% of FY26 revenue (FY25: 90.63%, FY24: 96.00%); Customer 1 alone = 31.75% (Rs. 9,329.39 lakhs), Customer 2 = 18.84% (Rs. 5,534.82 lakhs), Customer 3 = 9.24%, Customer 4 = 8.91%. Names of customers are not disclosed in this section (labelled Customer 1–10).
Scale
Two operating manufacturing facilities in Chakan, Pune (proposed Unit III for aluminium casting using IPO proceeds, proposed Unit IV for magnesium components); combined installed capacity of 13,800 MT per annum melting and 6,000 MT per annum casting & finishing as of March 31, 2026; 216 full-time employees plus a 17-member design team and 54-member quality team; 600+ SKUs. FY26 revenue from operations = Rs. 29,385.54 lakhs (Rs. 293.86 crore); FY25 = Rs. 22,199.93 lakhs (Rs. 222.00 crore); FY24 = Rs. 17,372.22 lakhs (Rs. 173.72 crore). Note: 1 crore = 100 lakhs.
What it says sets it apart
- Integrated in-house manufacturing: melting, three casting methods (GDC, LPDC, HPDC), machining, heat treatment, and testing (spectro, hardness, leak, CMM, 3D scanning) under one roof across two co-located Pune plants.
- Holding key automotive certifications at both facilities: IATF 16949:2016, ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018, covering machined and assembled aluminium alloy castings.
- In-house design and reverse-engineering capability with a 17-person team using Adstefan casting simulation and Solidcam, supported by X-ray inspection for internal structure assessment.
- Diversified across 600+ SKUs spanning automotive, EV, agriculture, defence, energy, healthcare, engineering goods, and recently aerospace (vendor approval obtained from one customer).
- Long-standing customer relationships demonstrated by high repeat-share from top customers (top 10 = 88.64% of FY26 revenue) and customer awards including Best Project Award-I Quality Improvement, Quality Excellence Award, Best Supplier Award and Gold Award.
Revenue mix
The numbers at a glance
The price they’re asking →derived: cut-off price Rs301 / stated EPS Rs21.9 (FY26 (year ending March 31, 2026) Basic & Diluted EPS, restated consolidated). Stated figures are as printed in the prospectus; margins, growth and the borrowing ratio are computed from its own summary table. A multiple is one lens, not a verdict.
The last few years in numbers
From the prospectus’s own summary financial table (restated standalone). Margins and growth are computed from the stated figures; everything else is as printed.
| Period | Revenue | Profit after tax | PAT margin | Net worth | Borrowings |
|---|---|---|---|---|---|
| FY2026 | ₹294 Cr+32% | ₹31 Cr+29% | 10.5% | ₹133 Cr | ₹41 Cr |
| FY2025 | ₹222 Cr+28% | ₹24 Cr+49% | 10.8% | ₹86 Cr | ₹20 Cr |
| FY2024 | ₹174 Cr | ₹16 Cr | 9.3% | ₹65 Cr | ₹14 Cr |
Where the money goes
The offer →Most of this issue is new shares — the money raised goes to the company, not to exiting shareholders.
How its cohort has done
131 SME issues listed in 2026 that we can price today. This is the group this issue belongs to.
Neither figure is a forecast for this issue — they describe what happened to comparable issues. Full cohort analytics →
How the book finished
The category split is the number worth reading, not the total.
Demand is spread fairly evenly across investor categories.
What we hold for this issue
Stated up front on every issue, so a sparse page reads as a fact about the source rather than a broken one.
What could go wrong
All 14risks & documents →From the register read out of the issuer’s own prospectus — each item is quoted verbatim with its page on the risks tab.
What happens when
What to watch
- Priced at 13.7× earnings — 62% below the median of the peers the issuer itself names.
- The register's top risk: Top 5 customers account for over 70% of revenue (prospectus page 25).
- Its cohort's record: median +8.4% since issue price, 46.6% now below it — a base rate, not a forecast.
Each line restates a disclosure from the prospectus or the exchanges — nothing here is a recommendation to apply to this issue.
Track POOJAA PRECISION ENGG. LIMITED
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Figures are as published by the exchanges and the issuer’s prospectus. MarketPing publishes facts, comparisons and history only — nothing here is a recommendation to apply to this issue, and we do not publish grey market premium.