Poojaa Precision Engg. IPO opened for subscription today, generating significant interest from retail investors on the first day. The issue has been subscribed 8.38 times overall as of Day 1, driven largely by strong demand in the Retail and Non-Institutional categories.

Subscription Status

The IPO saw varied interest across different investor categories on Day 1. While Retail investors showed the highest enthusiasm, Qualified Institutional Buyers (QIBs) were yet to place substantial bids.

About the Company

Poojaa Precision Engg. is engaged in precision engineering operations. The company is raising capital through this initial public offering to fund its business growth and corporate purposes. With a minimum bid quantity of 800 shares, the IPO is accessible to a wide range of retail investors.

Offer Details

The issue is priced between ₹285.00 and ₹301.00 per share. The total issue size varies based on the final pricing, ranging from ₹22.80 lakh (Min IPO Size) to ₹50.00 lakh (Max IPO Size). Investors must apply for a minimum of 800 shares.

• Price Band: ₹285.00 - ₹301.00
• Issue Size: ₹22.80 lakh - ₹50.00 lakh
• Lot Size: 800 shares
• Day 1 Total Subscription: 8.38 x

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.