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Poojaa Precision Engg IPO sets ₹285-₹301 price band, eyes strong listing
The issue opens July 28 and ends July 30, with estimated grey-market listing at ₹561 per share, about 86.4% above the top price.
Poojaa Precision Engineering’s initial public offering opened on July 28 and is set to close on July 30, with a price band of ₹285 to ₹301 per share, based on a face value of ₹10. LiveMint Markets said the company plans to sell shares tied to manufacturing aluminium and precision-machined components used in automotive, electric mobility, and other industrial sectors.
According to LiveMint Markets, the company supplies application-critical components across mobility platforms including internal combustion engine vehicles and electric vehicles. Its product portfolio includes cylinder heads, intake manifolds, EGR housings, clutch and transmission housings, along with EV-specific components for powertrain and electrical systems.
For FY 2025-26, Poojaa Precision Engineering reported revenue from operations of ₹293.86 crore, an EBITDA of ₹51.78 crore and an EBITDA margin of 17.6%. The company also posted profit after tax of ₹30.90 crore, a PAT margin of 10.5%, with net worth of ₹131.16 crore, ROE of 28.2% and ROCE of 26.4%, as cited by LiveMint Markets.
LiveMint Markets also highlighted grey market activity, with Poojaa Precision Engg IPO GMP at about +260 on the day. Using the upper end of the price band, it estimated a listing price of ₹561 per share, roughly 86.4% higher than the top IPO price, after GMP fluctuated between ₹195 and ₹260 over six sessions.