Subscription Explodes: Poojaa Precision IPO Allotment Expected Today as Market Grades Near-75% Listing Gain

Subscription Explodes: Poojaa Precision IPO Allotment Expected Today as Market Grades Near-75% Listing Gain​

Poojaa Precision Engineering is set for its SME IPO allotment today, July 31. The three-day bidding period saw massive investor interest in the Rs 160-crore issue. Given the stellar market reception, with shares currently trading at a significant grey market premium (GMP), investors are eagerly awaiting the final status update.

IPO Performance and Market Reaction​

The IPO generated overwhelming demand, attracting subscriptions totaling 259.42 times across all categories. Investors placed bids valued close to Rs 30,000 crore for the offering. The issue was offered within a price band ranging from Rs 285 to Rs 301 per share.

The Non-Institutional Investor (NII) segment saw particular vigor, being subscribed 342.50 times. The retail investor category also responded robustly, with subscriptions crossing 247.55 times. In terms of allocation, the IPO received bids for 98,85,10,000 shares against a supply of 38,10,000 shares on offer.

Grey market trackers like Investorgain and IPO Watch indicate that the company's stock is quoting at a GMP of Rs 225. This translates to an estimated premium of around 75 percent over the issue price of Rs 301 per share as of this morning. Investors are cautioned, however, that GMP remains unofficial speculation and not a guarantee of listing gains.

Company Profile and Future Growth Plans​

Poojaa Precision Engineering was established in 1992 and is a specialized manufacturer in the precision-machined components sector. The company produces aluminium die-cast and precision-machined parts destined for engines, drivetrains, EV powertrains, and electrical systems. Its diverse portfolio exceeds 600 products, serving key automotive and engineering sectors across various industries.

The IPO proceeds are earmarked for major expansion initiatives. The company plans to significantly upgrade its operations by expanding Unit III manufacturing capacity. This includes adding 15,000 metric tonnes per annum (MTPA) of melting capacity and 6,600 MTPA of component manufacturing and finishing capability. Furthermore, the business intends to establish a dedicated Unit IV for manufacturing magnesium-based precision components.

Financially, Poojaa Precision Engineering reported strong performance in FY26. The company recorded revenue from operations of Rs 293.86 crore. Profit after tax (PAT) for the financial year stood at Rs 30.90 crore. Shares are expected to be credited to successful applicants ahead of its tentative listing on the BSE SME platform, scheduled for August 4.

How To Check IPO Allotment Status​

Investors who participated in the offering can verify their allotment status through two official channels: the stock exchange website or the designated registrar's portal. Hem Securities Ltd. is noted as the book-running lead manager, with MUFG Intime India Pvt. Ltd. serving as the registrar for the issue.

To check on the BSE website, investors must visit the dedicated IPO allotment page at bseindia.com/investors/appli_check. They need to select Poojaa Precision Engineering from the list and then enter their application number or PAN details to complete the verification process.

Alternatively, investors can use the registrar's portal at in.mpms.mufg.com/Initial_Offer/public-issues.html. Using this site, they should select Poojaa Precision Engineering IPO and input their PAN, application number, or DP/Client ID to confirm share allotment.