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
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs301 + OFS by subtraction from exchange total Rs160 Cr. Checked: exchange issue size Rs160 Cr vs derived Rs160 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 62% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Alicon Castalloy Ltd | 31.49× | 5.48% | ₹21.01 |
| RICO Auto Industries Limited | 36.29× | 6.68% | ₹3.73 |
| Endurance Technologies Ltd | 39.52× | 13.91% | ₹67.66 |
| This issue | 13.7× | 23.21% | ₹21.9 |
derived: cut-off price Rs301 / stated EPS Rs21.9 (FY26 (year ending March 31, 2026) Basic & Diluted EPS, restated consolidated). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.