All IPOs

Poojaa Precision Engg.

SME · BSE listed
+56.15%
Listing gain
Price Band
₹285 – ₹301
Issue Size
₹160 Cr
1 lot at upper band
₹1,20,400
Lot Size
400
Open
28 Jul 2026
Close
30 Jul 2026
Allotment
—
Listing
04 Aug 2026

Scheduled dates

  1. Open
    28 Jul 2026
  2. Close
    30 Jul 2026
  3. Refund
    03 Aug 2026
  4. Demat credit
    03 Aug 2026
  5. Listing
    04 Aug 2026

Listing Performance

Listing Price
₹470
Listing Gain
+56.15%
Day Close
—
Current (LTP)
— (—)

GMP Trend*

Daily grey market premium (₹). Unofficial.

Latest GMP: ₹200 7 sessions

Subscription (times)

Latest per-category subscription · as of 30 Jul, 06:55 pm IST.

QIB 206.46x
NII 463.43x
BHNI 555.45x
SHNI 278.50x
RII 247.58x
Employee 1.27x
Total 278.83x

About Poojaa Precision Engg.

The company is a precision engineering company engaged in manufacturing aluminium die casting and machining components for automotive, electric vehicle, and non-automotive sectors including agriculture, defence, energy, healthcare and engineering goods. The company operates two manufacturing facilities in Pune with melting capacity of 13,800 MT and casting/finishing capacity of 6,000 MT annually, supporting gravity die casting, low-pressure die casting, and high-pressure die casting processes. The company serves over 600 SKUs including safety-critical components and provides integrated solutions covering design, engineering, melting, casting, cleaning and value-added processes.

www.poojacastings.in ↗

Strengths

  • Integrated manufacturing capabilities
    The company operates two manufacturing facilities in Pune with melting capacity of 13,800 MT and casting capacity of 6,000 MT, achieving 80% melting utilization and 84% casting utilization in FY 2025-26.
  • Design capabilities with emphasis on customer specifications & quality standards
    The company has in-house design and engineering capabilities with 17 employees equipped with advanced software tools, enabling reverse engineering solutions and maintaining ISO certifications.
  • Diverse customer base with sustained, long-standing relationships
    The company's customer base increased from 39 customers in Fiscal 2024 to 58 customers in Fiscal 2026, with top 10 customers contributing 88.64% of total sales in FY 2026.
  • Offering precision engineering solutions with a comprehensive product portfolio
    The company manufactures over 600 SKUs across automotive, EV, and non-automotive sectors using GDC, LPDC, and HPDC processes with integrated melting to finishing capabilities.
  • Experienced promoters and management team
    The company is led by experienced management with Anil Kulkarni having 32 years experience, Sanket Kulkarni with 16 years, and Rahul Ranka with 25 years in precision engineering sectors.
  • Track record of consistent revenue growth and profitability
    The company achieved revenue growth from Rs. 17,372.22 lakhs in FY 2024 to Rs. 29,385.54 lakhs in FY 2026 at 30.06% CAGR with profit growth at 38.53% CAGR.

Risk Factors

  • Dependence on Limited Key Customers and OEMs
    The company derives more than 70% of its revenue from operations from the top five customers during the last 3 fiscal years, with Customer 1 alone contributing 31.75% in FY 2026. The company generally does not enter into long-term purchase agreements and relies on purchase orders that may be cancelled unilaterally, creating significant revenue concentration risk.
  • Raw Material Cost Volatility and Supply Dependency
    The company's cost of material consumed forms a significant portion of total expenses, with Aluminium comprising 72.43% of raw material consumed in FY 2026. The company procures raw materials from third parties without firm commitments and is exposed to commodity price fluctuations, particularly aluminium prices.
  • Automotive Sector Concentration Risk
    A significant portion of the company's revenue (72.58% in FY 2026) is attributable to the automotive sector. Any adverse changes in the automotive sector, including shifts to electric vehicles or regulatory changes, could adversely impact business operations and financial condition.
  • Environmental, Health and Safety Compliance Risks
    The company is subject to stringent environmental, health and safety laws with inherent operational risks including explosions, fires, and hazardous substance releases. Any violations, accidents, or operational hazards could result in material liabilities, regulatory sanctions, and reputational harm.
  • Expansion Plan Implementation Risks
    The company's proposed expansion plans for manufacturing facilities in Pune are subject to risks of unanticipated delays and cost overruns. The company has limited prior experience in magnesium casting and faces risks relating to technology stabilisation, process optimisation, and customer acceptance.
  • Capital Intensive Operations and Financing Requirements
    The company has substantial capital expenditure requirements with additions to property, plant and equipment of ₹2,525.18 lakhs in FY 2026. The business requires significant working capital financing and may need additional financing that could increase debt obligations or dilute existing shareholdings.
  • Missing Historical Corporate Records
    The company cannot trace certain historical and statutory corporate records, including filings with the Registrar of Companies relating to allotments, appointments, and financial statements. This may expose the company to regulatory actions and limit ability to substantiate corporate actions in legal proceedings.
  • Outstanding Financial Indebtedness and Demand Facilities
    As of June 30, 2026, the company had total outstanding financial indebtedness of ₹7,082.56 lakhs. Some borrowings including cash credit facilities are repayable on demand, and any unexpected demand for repayment could adversely affect business and financial condition.

Objects of the Issue

  • Funding capital expenditure towards setting up of manufacturing facility
    The company proposes to utilize funds towards funding capital expenditure for expansion of its manufacturing capabilities by installation of plant and machinery and equipment at factory building (Unit 3) and installation of solar power generating system. The expansion will increase melting capacity and casting capacity for aluminium die casting and machining components.
    106.34 crores
  • To meet working capital requirements
    The company intends to meet additional working capital requirements arising from business expansion. The major capital will be invested in trade receivables, inventories and payment to trade payables and funding day to day operations.
    30.00 crores
  • General Corporate Purpose
    The company will have flexibility in utilizing the proceeds for general corporate purposes including meeting operating expenses, initial development costs for projects, strengthening business development and marketing capabilities, meeting exigencies, and other purposes as approved by the Board of Directors.

Financial Snapshot

Annual values as reported in the offer document.

Year endRevenueRev. growthProfitProfit growthAssetsEquityOperating cash flow
31/03/2026295.20+32.5%30.90+29.1%231.38133.1623.80
31/03/2025222.80+27.6%23.93+48.6%135.9286.2015.87
31/03/2024174.59—16.10—96.7564.8316.27
Units: crores

Issue Details

Face Value
₹10
P/E
19.50
ROCE
33.00%
Shares / Lot
400
Minimum Bid
800 shares
Refund
03 Aug 2026
Credit to Demat
03 Aug 2026
ISIN
INE288301026
CIN
U27310MH1992PLC068151
Registrar
MUFG Intime India Pvt.Ltd.
Lead Managers
Hem Securities Ltd.
Registered Office
Gat No. 253/1A, Village-Kharabwadi, Chakan, Pune, Maharashtra, India, 410501
RHP ↗DRHP ↗

Management

Anil Shivajirao KulkarniCEO
Sanket Anil KulkarniMD
Rahul Sohanlal RankaCOO
Vaishali Dakshendra AgrawalDirector
Arvind Sadashiv MokashiDirector
Viren Ajit JoshiDirector
Gautam Pradyot DoshiDirector
Bhavya Dakshendra AgrawalCFO
Shalaka Satish KhandelwalDirector of Operations
Amol Ramesh SakhareDirector of Operations
Dattatray Dnyandeo KumbharCTO
Deepak Pandurang SurvaseDirector of Operations
Ravi AgrawalVP of Sales
Ravindrakumar GhogareDirector of HR
Ravindra Rameshrao HivarekarDirector
Shashikant Anandrao DalaviDirector of Operations
Shekhar Sharadchandra DravidDirector
Subha Charan NukathotiVP of Sales

* Grey Market Premium is unofficial, indicative data from unregulated grey-market dealers. It is not published by NSE, BSE, SEBI or the issuer, and is not a forecast of the listing price.