Poojaa Precision Engg. has updated its initial public offering (IPO) details, providing investors with the latest information on pricing and subscription status. The company is raising capital through this issue, which includes a defined price band and specific lot sizes for investors. As per the latest update, the subscription numbers are currently reported at 0x across all investor categories.

Offer Details

The IPO features a price band ranging from ₹285 to ₹301 per share. The issue size is structured between ₹228000 and ₹500000. Investors looking to participate must adhere to the minimum bid quantity requirement.

Subscription Status

The current subscription data indicates that no bids have been recorded yet in the available categories. The subscription multiples stand at 0x for Qualified Institutional Buyers (QIB), Retail investors, and Non-Institutional Buyers (NII).

Company Overview

Poojaa Precision Engg. is filing its DRHP with SEBI to raise funds through this public issue. The company operates in the engineering sector, focusing on precision engineering solutions. The IPO aims to provide liquidity to existing shareholders and raise fresh capital for business expansion and working capital requirements.

Bottom Line

Investors should note the price band of ₹285-₹301 and the minimum lot size of 800 shares before applying. With subscription currently at 0x, there is ample time for investor participation as the issue progresses through its timeline. Monitor further updates for financial highlights and risk factors as they become available in the final DRHP.

Poojaa Precision Engg, a precision aluminium die casting and machining components manufacturer based in Pune, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an initial public offering. The company, incorporated in 1992, serves diversified sectors including automotive, electric vehicles (EV), agriculture, defence, and healthcare. The IPO is scheduled to open on 28-Jul-2026, with proceeds earmarked for setting up a new manufacturing facility (Unit 3) and meeting working capital requirements.

Company Overview

Poojaa Precision Engg specialises in the manufacturing of aluminium die casting and machining components. It offers integrated solutions covering design, engineering, melting, casting, cleaning, and value-added processes. The company operates two integrated manufacturing facilities in Chakan, Pune, with a total melting capacity of 13,800 MT and casting/finishing capacity of 6,000 MT annually.

Key operational strengths include:

• Diverse Portfolio: Over 600 SKUs across Gravity Die Casting (GDC), Low-Pressure Die Casting (LPDC), and High-Pressure Die Casting (HPDC).
• Customer Base: Expanded from 39 customers in FY2024 to 58 customers in FY2026.
• Sector Exposure: 72.58% of revenue in FY2026 was from the automotive sector, with growing exposure to EVs and non-automotive verticals.
• Management: Led by CEO Anil Shivajirao Kulkarni (32 years experience) and Managing Director Sanket Anil Kulkarni (16 years experience).

Offer Details

The company has not yet disclosed the price band or final issue size in the DRHP. However, the proposed use of proceeds is clearly defined:

IPO Timeline:

• IPO Open Date: 28-Jul-2026
• IPO Close Date: 30-Jul-2026
• Allotment Date: 31-Jul-2026
• Listing Date: 04-Aug-2026

Note: Price band, lot size, and specific reservation categories (QIB, NII, Retail) will be disclosed in the final Red Herring Prospectus (RHP).

Financial Highlights

Poojaa Precision Engg has demonstrated strong growth over the last three fiscal years. Revenue grew at a CAGR of 30.06%, while Profit After Tax (PAT) grew at a CAGR of 38.53% from FY2024 to FY2026.

Balance Sheet & Cash Flow:

• Total Assets increased to ₹231.38 Cr in FY2026 from ₹96.75 Cr in FY2024.
• Operating cash flows were positive across all three years, with ₹23.80 Cr in FY2026.
• Debt-to-Equity ratio rose from 0.49x in FY2024 to 0.74x in FY2026.

Risk Factors

Investors should note the following material risks disclosed in the DRHP:

1. Customer Concentration: Top 5 customers contributed more than 70% of revenue in the last 3 years. Customer 1 alone contributed 31.75% of revenue in FY2026. The company generally does not enter into long-term purchase agreements.
2. Raw Material Volatility: Aluminium comprises 72.43% of raw materials consumed in FY2026. The company is exposed to global commodity price fluctuations without firm supply commitments.
3. Missing Corporate Records: The company disclosed it cannot trace certain historical and statutory corporate records, including filings with the Registrar of Companies, which poses a governance risk.
4. Automotive Dependency: 72.58% of revenue in FY2026 was from the automotive sector, making the company vulnerable to sector-specific downturns.
5. Expansion Risks: The proposed Unit 3 expansion involves significant capex (₹106.34 Cr) and entry into magnesium casting, where the company has limited prior experience.

Valuation & Peer Comparison

Valuation metrics such as P/E ratio cannot be calculated as the price band and issue size are not available in the DRHP. Investors will need to wait for the RHP filing to assess valuation against peers like Minda Industries or Endurance Technologies.

Bottom Line

Poojaa Precision Engg presents a growth story with strong revenue and profit CAGRs and an expansion plan funded by the IPO. However, investors must weigh these positives against high customer concentration, commodity price risks, and governance concerns regarding missing historical records. The final investment decision will depend on the price band revealed in the RHP.