Poojaa Precision Engg. Ltd IPO
Status: Closed
Overview
IPO date
28 Jul 2026 to 30 Jul 2026
Face value
₹ 10 per share
Price
₹ 285 to ₹301 per share
Issue Size
5,310,000 shares
(aggregating up to ₹ 159.83 Cr)
(aggregating up to ₹ 159.83 Cr)
Allotment Date
31 Jul 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Ferro Alloys
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T&C*
Strengths vs Risks of Poojaa Precision Engg. Ltd
Know the pros & cons
Strengths
- Integrated manufacturing capabilities.
- Design capabilities with emphasis on customer specifications & quality standards.
- Diverse customer base with sustained, long-standing relationships.
- Offering precision engineering solutions with a comprehensive product portfolio.
- Experienced promoters and management team.
- Track record of consistent revenue growth and profitability.
Risks
- The company relies on a limited number of key customers and Original Equipment Manufacturer (OEMs), and loss or reduction in orders from any of these customers could materially affect its revenue and business operations.
- The company's business and profitability is substantially dependent on the availability and cost of its raw materials, including Aluminium, and any disruption to the timely and adequate supply of raw materials, or volatility in the prices of raw materials may adversely impact its business, results of operations and financial condition.
- The company depends on third parties for the supply of raw materials and does not have firm commitments for supply or exclusive arrangements with any of its suppliers. Loss of suppliers may have an adverse effect on the company's business, results of operations and financial condition.
- A significant portion of its revenue from operations in each of the last three Fiscals and stub period is attributable to the automotive sector. Any adverse changes in the automotive sector could adversely impact the company's business, results of operations and financial condition.
- The company's operations are subject to environmental, health and safety laws, which could result in material liabilities in the future.
- The company's proposed expansion plans relating to the manufacturing facilities in Pune, Maharashtra are subject to the risk of unanticipated delays in implementation and cost overruns.
- The company has substantial capital expenditure and working capital requirements and may requires additional financing to meet those requirements, which could have an adverse effect on the company's results of operations and financial condition.
- Pricing pressure from its customers or the company's inability to fully pass on costs to its customer, may impact our revenue from operations and profitability and may result in a materially adverse effect on the company's business, results of operations and financial condition.
- The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
- The company's incremental business pipeline may not be indicative of its growth rate or new business orders the company will receive in the future. Further, the company may not realize all of the revenue expected from its incremental business pipeline which may adversely affect the company's business operations & result of operation.
- The company is subject to strict performance requirements, including, but not limited to, quality, delivery and development activities, and any failures by the company to comply with these performance requirements may lead to the cancellation of existing and future orders, recalls or warranty and liability claims.
- The name of one of its Promoters and Non-Executive Director, Vaishali Dakshendra Agrawal and one of the company's Senior Management Personnel, Shekhar Sharadchandra Dravid have appeared in the list of disqualified directors in the past.
- Any failures to compete effectively in the highly competitive precision components industry could have a material adverse effect on its business, financial condition, results of operations and cash flows.
- The availability of counterfeit products, the company's failures to keep its technical knowledge confidential, or the company's inability to obtain and protect its intellectual properties may have adverse effects on the company's business and results of operations.
- The company is dependent on contract labour and if the company is unable to obtain the services of skilled and unskilled workmen at reasonable rates it will have an adverse effect on the company's business and results of operations. In addition, the company may also be held responsible for paying the wages or statutory obligations of such workers if the independent contractors default on their obligations to them, and such obligations could have an adverse effect on the company's cash flows, the company's results of operations and financial condition.
- The company requires certain licenses, permits and approvals in the ordinary course of business, and failures to obtain or retain them in a timely manner may have a material adverse effect on the company's business and results of operations.
- Some of its manufacturing facilities including certain portion of Unit II, proposed manufacturing Unit III and Proposed manufacturing Unit IV are located on leasehold premises. If the company is unable to renew existing leases or relocate the company's operations on commercially reasonable terms, there may be an adverse effect on its business, financial condition and operations.
- The company relies on financing from banks or financial institutions to carry on the company's business operations, and inability to obtain additional financing on terms favourable to the company or at all could have an adverse impact on its financial condition. If the company is unable to raise additional capital, the company's business and future financial performance could be adversely affected.
- The Company was incorporated in 1992 and the company is unable to trace some of its historical records and certain of the company's corporate records relating to forms filed with the Registrar of Companies in respect of Allotment of Equity Shares, increase in authorized share capital, appointment of Statutory Auditor, change in registered office, appointment of directors (if any), filing of financial statements etc. The company cannot's assure you that no legal proceedings or regulatory actions will be initiated against the Company in the future in relation to the missing filings and corporate records, which may impact its financial condition and reputation.
- The company is requireds to obtain and maintain quality and product certifications for its manufacturing operations.
- The company's Promoters and Directors, Anil Shivajirao Kulkarni and Rahul Sohanlal Ranka and Independent Director, Viren Ajit Joshi, were previously associated with companies that were voluntarily struck off from the register of companies. Any such past or future association may be perceived unfavourably by investors, regulators, or other stakeholders.
- Some of the company's employees are members of unions and the company may be subject to industrial unrest, slowdowns and increased wage costs, which may adversely affect its business and results of operations.
- Initial investment requirements and operational inefficiencies relating to new products and OEM approval processes could have a material adverse effect on the company's results of operations and financial condition.
- There are certain discrepancies/ errors noticed in some of its corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 1956/2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent
- The company is dependent on third parties for the transportation and timely delivery of its products to customers.
- The company's insurance coverage may not be adequate to protect the company against all potential losses, which may have an adverse effect on the company's results of operations, cash flows and financial condition.
- Failures or disruption of its information technology ("IT") systems may adversely affect the company's business, financial condition, results of operations and cash flows.
- The company has power and water requirements and any disruption to its power or water sources could increase the company's production costs.
- The company's business is concentrated in the states of Maharashtra, Karnataka, Punjab, Haryana and Gujarat. Any adverse impact in this region may adversely affect its business, results of operations and financial condition.
- The company has not entered into definitive arrangements in relation to certain objects, and may not be able to enter into definitive agreements on favourable terms, or at all, in the future. Further, any delays in deploying the funds being raised in the Offer, may have an adverse effect on the company's business, financial condition and results of operations.
- If the company fails to maintain an effective system of internal controls, the company may not be able to successfully manage or accurately report its financial risks.
- Any shutdown or disruption at the company's manufacturing facilities may have an adverse effect on its business, results of operations and financial condition.
- The company's directors have no prior experience in managing a listed company, which may pose challenges in complying with regulatory requirements. Also, being a listed company may strain its existing resources.
- Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance.
- Any failures to adapt to industry trends and evolving technologies to meet its customers' demands may materially adversely affect the company's business and results of operations.
- The company depends on the services of its Directors, Promoters, Key Managerial Personnel, Senior Management team and other personnel with technical expertise, and if the company is unable to recruit and retain qualified and skilled personnel, the company's business and its ability to operate or grow the company's business may be adversely affected.
- The company has entered into certain credit facilities that are repayable on demand. Any unexpected demand for repayment of such facilities by the lenders may adversely affect its business, financial condition, cash flows and results of operations.
- The company is subject to stringent labour laws or other industry standards and any kind of disputes with its employees could adversely affect the company's business, results of operations, financial condition and cash flows.
- The company is exposed to risks associated with foreign exchange rate fluctuations.
- Some of the company's Promoters have provided personal guarantees to lenders for certain loan facilities availed of by the Company, which if invoked may adversely affect its Promoters' ability to manage the affairs of the Company and which in turn may adversely impact its business and operations.
- The company's inability to collect receivables from its customers or default in payment by them could result in the reduction of the company's profits and affect its cash flows.
- The Company is party to certain legal proceedings, any adverse decision in such proceedings may have a material adverse effect on the company's business, results of operations and financial condition.
- The company's Contingent Liability and Commitments could affect its financial position.
- The company's Corporate Promoter and some of its individual promoters are not the original promoters of the Company. Also, they have limited experience in the company's line of business.
- Information relating to the installed capacity and capacity utilization included in this Draft Red Herring Prospectus is based on various assumptions and estimates and capacity utilization may vary.
- The company is exposed to cyber security and data protection risks due to its reliance on digital systems and connected technologies.
- The company has in the past entered into related party transactions and may continue to do so in the future.
- Any inability to grow, sustain or manage its revenue from operations, profitability or operations may adversely affect the company's business, results of operations and financial condition.
- The company's management will have discretion in the utilisation of the Net Proceeds, including interim use, and any deviation from the proposed Objects of the Issue may adversely affect the returns on your investment.
- The company has made investment in equity instruments, and the company has not made any provision for a decline in the value of our investments.
- This Draft Red Herring Prospectus contains certain non-GAAP financial measures and certain other selected statistical information related to the company's operations and financial performance. These non-GAAP measures and statistical information may vary from any standard methodology that is applicable across the manufacturing industry, and therefore may not be comparable with financial or statistical information of similar nomenclature computed and presented by other manufacturing companies.
- Any international market expansion efforts may expose the company to complex management, legal, tax and economic risks, which could adversely affect its business, financial condition, cash flows and results of operations.
- The company has issued Equity Shares during the preceding one year at a price that may be below the Issue Price.
- Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- Failures to deal effectively with any fraudulent transactions and illegal activity affecting the sensitive information of its stakeholders could harm the company's business and reputation and expose the company to liability.
- The company could's be adversely affected by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- In addition to normal remuneration, other benefits and reimbursement of expenses of some of its directors (including our Promoter) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
- Any Penalty or demand raised by statutory authorities in future may adversely affect the financial position of the Company.
- The average cost of acquisition of Equity Shares by its Promoter, are lower than the faces value of Equity Share.
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company's major shareholders may adversely affect the trading price of its Equity Shares.
- The Issue Price of its Equity Shares may not be indicative of the market price of the company's Equity Shares after the Issue and the market price of its Equity Shares may decline below the Issue Price or you may not be able to sell your Equity Shares at or above the Issue Price.
- Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S. GAAP, which may be material to investors' assessments of its financial condition, result of operations and cash flows.
- The company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
- The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence its profitability adversely.
- The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- Industry information included in this Draft Red Herring Prospectus has been derived from publicly available industry reports and/or websites. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- The company relies on a limited number of key customers and Original Equipment Manufacturer (OEMs), and any cancellation, loss or reduction of orders from any of these customers could materially affect its revenue and business operations.
- The company's business and profitability is substantially dependent on the availability and cost of its raw materials, including Aluminium, and any disruption to the timely and adequate supply of raw materials, or volatility in the prices of raw materials may adversely impact the company's business, results of operations and financial condition.
- The company depends on third parties for the supply of raw materials and does not has firm commitments for supply or exclusive arrangements with any of the company's suppliers. Loss of suppliers may have an adverse effect on its business, results of operations and financial condition.
- A significant portion of the company's revenue from operations in each of the last three Fiscals is attributable to the automotive sector. Any adverse changes in the automotive sector could adversely impact its business, results of operations and financial condition.
- The company's operations is subject to environmental, health and safety laws, and any violations, accidents, or operational hazards could result in material liabilities, regulatory sanctions, reputational harm, and financial losses.
- The company's proposed expansion plans relating to the manufacturing facilities in Pune, Maharashtra are subject to the risk of unanticipated delays in implementation and cost overruns.
- The company has substantial capital expenditure and working capital requirements and may requires additional financing to meet those requirements, which could have an adverse effect on its results of operations and financial condition.
- Pricing pressure from the company's customers or its inability to fully pass on costs to the company's customers, may impact its revenue from operations and profitability and may result in a materially adverse effect on the company's business, results of operations, and financial condition.
- Pricing pressure from the company's customers or its inability to fully pass on costs to the company's customers, may impact its revenue from operations and profitability and may result in a materially adverse effect on the company's business, results of operations, and financial condition.
- The name of one of the company's Promoters and Non-Executive Director, Vaishali Dakshendra Agrawal and one of its Senior Management Personnel, Shekhar Sharadchandra Dravid has appeared in the list of disqualified directors in the past.
- The company's inability to trace certain historical and statutory corporate records, including filings with the Registrar of Companies, may expose its to regulatory actions, penal consequences, and limit the company's ability to substantiate corporate actions, which could adversely affect its business, operations, financial condition and reputation if any legal proceedings or regulatory actions is initiated against the Company in the future.
- The company's incremental business pipeline may not be indicative of its future growth rate or new business orders the company will receive in the future. Further, its may not realize all of the revenue expected from the company's incremental business pipeline which may adversely affect its business operations and results of operations.
- The company's Promoters and Directors, Anil Shivajirao Kulkarni and Rahul Sohanlal Ranka and Independent Director, Viren Ajit Joshi, were previously associated with companies that were voluntarily struck off from the register of companies. Any such past or future association may be perceived unfavourably by investors, regulators, or other stakeholders.
- The company has had negative net cash flows in the past and may continue to have negative cash flows in the future.
- There are certain discrepancies/errors noticed in some of the company's corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 1956/2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
- The company is subject to strict performance requirements, including, but not limited to, quality, delivery and development activities, and any failure by its to comply with these performance requirements may lead to the cancellation of existing and future orders, recalls or warranty and liability claims.
- Any failures to compete effectively in the highly competitive precision components industry could have a material adverse effect on the company's business, financial condition, results of operations and cash flows.
- The company relies on financing from banks or financial institutions to carry on its business operations, and inability to obtain additional financing on terms favourable to the company or at all or, any failures to comply with financing covenants, or failures to manage the company's debt obligations could have an adverse impact on its financial condition. If the company is unable to raise additional capital, its business and future financial performance could be adversely affected.
- The availability of counterfeit products, the company failures to keep its technical knowledge confidential, or the company's inability to obtain and protect its intellectual properties may have adverse effects on the company's business and results of operations.
- Any failures to obtain or maintain required quality and product certifications or comply with applicable standards could adversely affect the company's manufacturing operations, and business.
- The company is dependent on contract labour and if its is unable to obtain the services of skilled and unskilled workmen at reasonable rates it will have an adverse effect on the company's business and results of operations. In addition, its may also be held responsible for paying the wages or statutory obligations of such workers if the independent contractors default on their obligations to them, and such obligations could have an adverse effect on the company's cash flows, its results of operations and financial condition.
- The company requires certain licenses, permits and approvals in the ordinary course of business, and failures to obtain or retain them in a timely manner may have a material adverse effect on its business and results of operations.
- Some of the company's manufacturing facilities including certain portion of Unit II, proposed manufacturing Unit III and Proposed Manufacturing Unit IV are located on leasehold premises. If the company is unable to renew existing leases or relocate its operations on commercially reasonable terms, there may be an adverse effect on the company's business, financial condition and operations.
- Some of the company's employees is members of unions and the company may be subject to industrial unrest, slowdowns and increased wages costs, which may adversely affect its business and results of operations.
- The company is dependent on third parties for the transportation and timely delivery of its products to customers. Any delays, cost fluctuations, and loss or damage of goods may adversely affect the company's supply chain, profitability and reputation.
- Initial investment requirements and operational inefficiencies relating to new products and OEM approval processes could have a material adverse effect on the company's results of operations and financial condition.
- The company's insurance coverage may not be adequate to protect its against all potential losses, which may have an adverse effect on the company's results of operations, cash flows and financial condition.
- The company has power and water requirements and any disruption to its power or water sources could increase the company's production costs or lead to production shutdowns, loss of work in progress and adverse impact on its financial condition.
- Failures or disruption of the company's information technology ("IT") systems may adversely affect its business, financial condition, results of operations and cash flows.
- The company's business is concentrated in the states of Maharashtra, Karnataka, Punjab, Haryana and Gujarat. Any adverse impact in this region may adversely affect its business, results of operations and financial condition.
- The company has not entered into definitive arrangements in relation to certain objects, and may not be able to enter into definitive agreements on favourable terms, or at all, in the future. Further, any delays in deploying the funds being raised in the Issue, may have an adverse effect on the company's business, financial condition and results of operations.
- Any shutdown or disruption at the company's manufacturing facilities may have an adverse effect on its business, results of operations and financial condition.
- If the company fails to maintain an effective system of internal controls, its may not be able to successfully manage or accurately report the company's financial risks.
- The company's directors has no prior experience in managing a listed company, which may pose challenges in complying with regulatory requirements. Also, being a listed company may strain its existing resources.
- Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance.
- Any failures to adapt to industry trends and evolving technologies to meet the company's customers' demands may materially adversely affect its business and results of operations.
- The company depends on the services of its Directors, Promoters, Key Managerial Personnel, Senior Management team and other personnel with technical expertise, and if the company is unable to recruit and retain qualified and skilled personnel, the company's business and its ability to operates or grow the company's business may be adversely affected.
- The company has entered into certain credit facilities that are repayable on demand. Any unexpected demand for repayment of such facilities by the lenders may adversely affect its business, financial condition, cash flows and results of operations.
- The company is subject to stringent labour laws or other industry standards and any kind of disputes with its employees could adversely affect the company's business, results of operations, financial condition and cash flows.
- The company is exposed to risks associated with foreign exchange rate fluctuations.
- Some of the company's Promoters has provided personal guarantees to lenders for certain loan facilities availed of by its Company, which if invoked may adversely affect the company's Promoters' ability to manage the affairs of its Company and which in turn may adversely impact the company's business and operations.
- The company's inability to collect receivables from its customers or default in payment by them could result in the reduction of the company's profits and affect its cash flows.
- The Company is party to certain legal proceedings, any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- The company's Contingent Liability and Commitments could affect its financial position.
- The company's Corporate Promoter and some of its individual promoters are not the original promoters of the Company. Also, they have limited experience in the company's line of business.
- Information relating to the installed capacity and capacity utilization included in this Red Herring Prospectus is based on various assumptions and estimates and capacity utilization may vary.
- The company has in the past entered into related party transactions and may continue to does so in the future which may involve conflicts of interest and could adversely affect its financial condition and results of operations.
- The company is exposed to cyber security and data protection risks due to its reliance on digital systems and connected technologies.
- Any inability to grow, sustain or manage the company's revenue from operations, profitability or operations may adversely affect its business, results of operations and financial condition.
- The company's management will has discretion in the utilisation of the Net Proceeds, including interim use, and any deviation from the proposed Objects of the Issue may adversely affect the returns on your investment.
- The company has made investment in equity instruments, and its has not made any provision for a decline in the value of the company's investments.
- This Red Herring Prospectus contains certain non-GAAP financial measures and certain other selected statistical information related to the company's operations and financial performance. These non-GAAP measures and statistical information may vary from any standard methodology that is applicable across the manufacturing industry, and therefore may not be comparable with financial or statistical information of similar nomenclature computed and presented by other manufacturing companies.
- Any international market expansion efforts may expose its to complex management, legal, tax and economic risks, which could adversely affect the company's business, financial condition, cash flows and results of operations.
- The company has issued Equity Shares during the preceding one year at a price that may be below the Issue Price.
- Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- The company could be adversely affected by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- Failures to deal effectively with any fraudulent transactions and illegal activity affecting the sensitive information of the company's stakeholders could harm its business and reputation and expose the company to liability.
- In addition to normal remuneration, other benefits and reimbursement of expenses of some of the company's directors (including its Promoter) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
- Any Penalty or demand raised by statutory authorities in future may adversely affect the financial position of the Company.
- The average cost of acquisition of Equity Shares by the company's Promoter is lower than the face value of Equity Share.
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company's major shareholders may adversely affect the trading price of its Equity Shares.
- Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S. GAAP, which may be material to investors' assessments of the company's financial condition, result of operations and cash flows.
- The company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
- The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- The Objects of the Issue for which funds are being raised has not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence the company's profitability adversely.
- The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- Industry information included in this Red Herring Prospectus has been derived from publicly available industry reports and/or websites. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- The Issue Price of the company's Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company's Equity Shares may decline below the Issue Price or you may not be able to sell your Equity Shares at or above the Issue Price.
Poojaa Precision Engg. Ltd Peer Comparison
Understand the company’s industry standing
Poojaa Precision Engg. Limited
Alicon Castalloy Ltd
RICO Auto Industries Limited
Face Value
10
5
1
Standalone / Consolidated
Standalone
Consolidated
Consolidated
Total Income Rs. Cr.
295.1993
1784.4689
2487.71
EPS-Basis
21.9
21.09
3.73
EPS-Diluted
21.9
21.01
3.73
NAV Per Share
---
---
---
P/E-Basic EPS
---
31.49
36.29
P/E-Diluted EPS
---
---
---
RONW(%)
23.21
5.48
6.68
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 28 Jul 2026 & closes on 30 Jul 2026.
Poojaa Precision Engg. Limited was originally incorporated as a Private Limited Company, in the name and style of 'Pooja Castings Pvt. Ltd.', dated August 12, 1992, with the Asstt. Registrar of Companies, Pune. Subsequently, the name of the Company was changed to 'Poojaa Precision Engg. Private Limited' and a fresh certificate of incorporation was issued dated December 06, 2025. Further, Company was converted from a Private limited company to Public limited company and the name was changed to 'Poojaa Precision Engg. Limited', dated December 12, 2025 issued by the Registrar of Companies, Central Processing Centre.
Poojaa Precision Engg. Limited is a precision engineering company engaged in the manufacturing of aluminium die casting and machining components for use in the automotive sector, including electric vehicle applications and the non-automotive sector. The manufacturing facilities include melting units, casting lines that support gravity casting, low-pressure die casting (LPDC), high-pressure die casting (HPDC) and machining capabilities for component finishing processes.
The Company was engaged in the business of aluminium castings in 1992. In 2007, it commenced operations at the manufacturing unit located at Chakan, Pune, Maharashtra. To address increasing demand, it established a second manufacturing facility at Kharabwadi, Chakan, Pune, which started operations during year 2021.
The Company currently operate abovementioned two manufacturing facilities with a combined melting capacity of 13800 MT (annual) and casting and finishing capacity of approx. 6000MT (annual), supporting melting, casting, cleaning, engineering and machining operations.
The Company produces various products including certain safety-critical components used in automotive, electric vehicle and non-automotive applications. It supply components such as bracket, compressor, intake manifold, cylinder head cover, assembly air intake manifold, camshaft carrier, clutch housing, cover front, oil filter holder (NA), elbow assembly etc. for the automotive sector. For the electric vehicle mobility sector, the supplies include transmission housings, brackets and housing bearing sleeve assembly. For the non-automotive sector, it supply drive box housing FA5, cast flange, elbow, turbo outlet, external conductor, contact carrier (fertigteil), upper bracket, conductor, carrier, drive box housing (FA1) etc.
The Company issued 53,10,000 Equity Shares of face value of Rs 10 each through IPO and raised a fresh issue of Rs 159.83 crore on July 30, 2026.
Poojaa Precision Engg. Ltd IPO will close on 30 Jul 2026.
- Integrated manufacturing capabilities.
- Design capabilities with emphasis on customer specifications & quality standards.
- Diverse customer base with sustained, long-standing relationships.
- Offering precision engineering solutions with a comprehensive product portfolio.
- Experienced promoters and management team.
- Track record of consistent revenue growth and profitability.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Anil Shivajirao Kulkarni | 1000320 | 6.84 | 1000320 | 5.02 |
| 2 | Jayshree Anil Kulkarni | 3899880 | 26.65 | 3899880 | 19.55 |
| 3 | Sanket Anil Kulkarni | 301200 | 2.06 | 301200 | 1.51 |
| 4 | Rahul Sohanlal Ranka | 3674480 | 25.11 | 3674480 | 18.42 |
| 5 | Vaishali Dakshendra Agrawal | --- | --- | --- | --- |
| 6 | Dakshendra Brijballabh Agrawal | --- | --- | --- | --- |
| 7 | Bhavya Dakshendra Agrawal | --- | --- | --- | --- |
| 8 | Bhavya Financial Services Priv | 3217480 | 21.98 | 3217480 | 16.13 |
- The company relies on a limited number of key customers and Original Equipment Manufacturer (OEMs), and loss or reduction in orders from any of these customers could materially affect its revenue and business operations.
- The company's business and profitability is substantially dependent on the availability and cost of its raw materials, including Aluminium, and any disruption to the timely and adequate supply of raw materials, or volatility in the prices of raw materials may adversely impact its business, results of operations and financial condition.
- The company depends on third parties for the supply of raw materials and does not have firm commitments for supply or exclusive arrangements with any of its suppliers. Loss of suppliers may have an adverse effect on the company's business, results of operations and financial condition.
- A significant portion of its revenue from operations in each of the last three Fiscals and stub period is attributable to the automotive sector. Any adverse changes in the automotive sector could adversely impact the company's business, results of operations and financial condition.
- The company's operations are subject to environmental, health and safety laws, which could result in material liabilities in the future.
- The company's proposed expansion plans relating to the manufacturing facilities in Pune, Maharashtra are subject to the risk of unanticipated delays in implementation and cost overruns.
- The company has substantial capital expenditure and working capital requirements and may requires additional financing to meet those requirements, which could have an adverse effect on the company's results of operations and financial condition.
- Pricing pressure from its customers or the company's inability to fully pass on costs to its customer, may impact our revenue from operations and profitability and may result in a materially adverse effect on the company's business, results of operations and financial condition.
- The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
- The company's incremental business pipeline may not be indicative of its growth rate or new business orders the company will receive in the future. Further, the company may not realize all of the revenue expected from its incremental business pipeline which may adversely affect the company's business operations & result of operation.
- The company is subject to strict performance requirements, including, but not limited to, quality, delivery and development activities, and any failures by the company to comply with these performance requirements may lead to the cancellation of existing and future orders, recalls or warranty and liability claims.
- The name of one of its Promoters and Non-Executive Director, Vaishali Dakshendra Agrawal and one of the company's Senior Management Personnel, Shekhar Sharadchandra Dravid have appeared in the list of disqualified directors in the past.
- Any failures to compete effectively in the highly competitive precision components industry could have a material adverse effect on its business, financial condition, results of operations and cash flows.
- The availability of counterfeit products, the company's failures to keep its technical knowledge confidential, or the company's inability to obtain and protect its intellectual properties may have adverse effects on the company's business and results of operations.
- The company is dependent on contract labour and if the company is unable to obtain the services of skilled and unskilled workmen at reasonable rates it will have an adverse effect on the company's business and results of operations. In addition, the company may also be held responsible for paying the wages or statutory obligations of such workers if the independent contractors default on their obligations to them, and such obligations could have an adverse effect on the company's cash flows, the company's results of operations and financial condition.
- The company requires certain licenses, permits and approvals in the ordinary course of business, and failures to obtain or retain them in a timely manner may have a material adverse effect on the company's business and results of operations.
- Some of its manufacturing facilities including certain portion of Unit II, proposed manufacturing Unit III and Proposed manufacturing Unit IV are located on leasehold premises. If the company is unable to renew existing leases or relocate the company's operations on commercially reasonable terms, there may be an adverse effect on its business, financial condition and operations.
- The company relies on financing from banks or financial institutions to carry on the company's business operations, and inability to obtain additional financing on terms favourable to the company or at all could have an adverse impact on its financial condition. If the company is unable to raise additional capital, the company's business and future financial performance could be adversely affected.
- The Company was incorporated in 1992 and the company is unable to trace some of its historical records and certain of the company's corporate records relating to forms filed with the Registrar of Companies in respect of Allotment of Equity Shares, increase in authorized share capital, appointment of Statutory Auditor, change in registered office, appointment of directors (if any), filing of financial statements etc. The company cannot's assure you that no legal proceedings or regulatory actions will be initiated against the Company in the future in relation to the missing filings and corporate records, which may impact its financial condition and reputation.
- The company is requireds to obtain and maintain quality and product certifications for its manufacturing operations.
- The company's Promoters and Directors, Anil Shivajirao Kulkarni and Rahul Sohanlal Ranka and Independent Director, Viren Ajit Joshi, were previously associated with companies that were voluntarily struck off from the register of companies. Any such past or future association may be perceived unfavourably by investors, regulators, or other stakeholders.
- Some of the company's employees are members of unions and the company may be subject to industrial unrest, slowdowns and increased wage costs, which may adversely affect its business and results of operations.
- Initial investment requirements and operational inefficiencies relating to new products and OEM approval processes could have a material adverse effect on the company's results of operations and financial condition.
- There are certain discrepancies/ errors noticed in some of its corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 1956/2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent
- The company is dependent on third parties for the transportation and timely delivery of its products to customers.
- The company's insurance coverage may not be adequate to protect the company against all potential losses, which may have an adverse effect on the company's results of operations, cash flows and financial condition.
- Failures or disruption of its information technology ("IT") systems may adversely affect the company's business, financial condition, results of operations and cash flows.
- The company has power and water requirements and any disruption to its power or water sources could increase the company's production costs.
- The company's business is concentrated in the states of Maharashtra, Karnataka, Punjab, Haryana and Gujarat. Any adverse impact in this region may adversely affect its business, results of operations and financial condition.
- The company has not entered into definitive arrangements in relation to certain objects, and may not be able to enter into definitive agreements on favourable terms, or at all, in the future. Further, any delays in deploying the funds being raised in the Offer, may have an adverse effect on the company's business, financial condition and results of operations.
- If the company fails to maintain an effective system of internal controls, the company may not be able to successfully manage or accurately report its financial risks.
- Any shutdown or disruption at the company's manufacturing facilities may have an adverse effect on its business, results of operations and financial condition.
- The company's directors have no prior experience in managing a listed company, which may pose challenges in complying with regulatory requirements. Also, being a listed company may strain its existing resources.
- Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance.
- Any failures to adapt to industry trends and evolving technologies to meet its customers' demands may materially adversely affect the company's business and results of operations.
- The company depends on the services of its Directors, Promoters, Key Managerial Personnel, Senior Management team and other personnel with technical expertise, and if the company is unable to recruit and retain qualified and skilled personnel, the company's business and its ability to operate or grow the company's business may be adversely affected.
- The company has entered into certain credit facilities that are repayable on demand. Any unexpected demand for repayment of such facilities by the lenders may adversely affect its business, financial condition, cash flows and results of operations.
- The company is subject to stringent labour laws or other industry standards and any kind of disputes with its employees could adversely affect the company's business, results of operations, financial condition and cash flows.
- The company is exposed to risks associated with foreign exchange rate fluctuations.
- Some of the company's Promoters have provided personal guarantees to lenders for certain loan facilities availed of by the Company, which if invoked may adversely affect its Promoters' ability to manage the affairs of the Company and which in turn may adversely impact its business and operations.
- The company's inability to collect receivables from its customers or default in payment by them could result in the reduction of the company's profits and affect its cash flows.
- The Company is party to certain legal proceedings, any adverse decision in such proceedings may have a material adverse effect on the company's business, results of operations and financial condition.
- The company's Contingent Liability and Commitments could affect its financial position.
- The company's Corporate Promoter and some of its individual promoters are not the original promoters of the Company. Also, they have limited experience in the company's line of business.
- Information relating to the installed capacity and capacity utilization included in this Draft Red Herring Prospectus is based on various assumptions and estimates and capacity utilization may vary.
- The company is exposed to cyber security and data protection risks due to its reliance on digital systems and connected technologies.
- The company has in the past entered into related party transactions and may continue to do so in the future.
- Any inability to grow, sustain or manage its revenue from operations, profitability or operations may adversely affect the company's business, results of operations and financial condition.
- The company's management will have discretion in the utilisation of the Net Proceeds, including interim use, and any deviation from the proposed Objects of the Issue may adversely affect the returns on your investment.
- The company has made investment in equity instruments, and the company has not made any provision for a decline in the value of our investments.
- This Draft Red Herring Prospectus contains certain non-GAAP financial measures and certain other selected statistical information related to the company's operations and financial performance. These non-GAAP measures and statistical information may vary from any standard methodology that is applicable across the manufacturing industry, and therefore may not be comparable with financial or statistical information of similar nomenclature computed and presented by other manufacturing companies.
- Any international market expansion efforts may expose the company to complex management, legal, tax and economic risks, which could adversely affect its business, financial condition, cash flows and results of operations.
- The company has issued Equity Shares during the preceding one year at a price that may be below the Issue Price.
- Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- Failures to deal effectively with any fraudulent transactions and illegal activity affecting the sensitive information of its stakeholders could harm the company's business and reputation and expose the company to liability.
- The company could's be adversely affected by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- In addition to normal remuneration, other benefits and reimbursement of expenses of some of its directors (including our Promoter) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
- Any Penalty or demand raised by statutory authorities in future may adversely affect the financial position of the Company.
- The average cost of acquisition of Equity Shares by its Promoter, are lower than the faces value of Equity Share.
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company's major shareholders may adversely affect the trading price of its Equity Shares.
- The Issue Price of its Equity Shares may not be indicative of the market price of the company's Equity Shares after the Issue and the market price of its Equity Shares may decline below the Issue Price or you may not be able to sell your Equity Shares at or above the Issue Price.
- Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S. GAAP, which may be material to investors' assessments of its financial condition, result of operations and cash flows.
- The company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
- The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence its profitability adversely.
- The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- Industry information included in this Draft Red Herring Prospectus has been derived from publicly available industry reports and/or websites. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- The company relies on a limited number of key customers and Original Equipment Manufacturer (OEMs), and any cancellation, loss or reduction of orders from any of these customers could materially affect its revenue and business operations.
- The company's business and profitability is substantially dependent on the availability and cost of its raw materials, including Aluminium, and any disruption to the timely and adequate supply of raw materials, or volatility in the prices of raw materials may adversely impact the company's business, results of operations and financial condition.
- The company depends on third parties for the supply of raw materials and does not has firm commitments for supply or exclusive arrangements with any of the company's suppliers. Loss of suppliers may have an adverse effect on its business, results of operations and financial condition.
- A significant portion of the company's revenue from operations in each of the last three Fiscals is attributable to the automotive sector. Any adverse changes in the automotive sector could adversely impact its business, results of operations and financial condition.
- The company's operations is subject to environmental, health and safety laws, and any violations, accidents, or operational hazards could result in material liabilities, regulatory sanctions, reputational harm, and financial losses.
- The company's proposed expansion plans relating to the manufacturing facilities in Pune, Maharashtra are subject to the risk of unanticipated delays in implementation and cost overruns.
- The company has substantial capital expenditure and working capital requirements and may requires additional financing to meet those requirements, which could have an adverse effect on its results of operations and financial condition.
- Pricing pressure from the company's customers or its inability to fully pass on costs to the company's customers, may impact its revenue from operations and profitability and may result in a materially adverse effect on the company's business, results of operations, and financial condition.
- Pricing pressure from the company's customers or its inability to fully pass on costs to the company's customers, may impact its revenue from operations and profitability and may result in a materially adverse effect on the company's business, results of operations, and financial condition.
- The name of one of the company's Promoters and Non-Executive Director, Vaishali Dakshendra Agrawal and one of its Senior Management Personnel, Shekhar Sharadchandra Dravid has appeared in the list of disqualified directors in the past.
- The company's inability to trace certain historical and statutory corporate records, including filings with the Registrar of Companies, may expose its to regulatory actions, penal consequences, and limit the company's ability to substantiate corporate actions, which could adversely affect its business, operations, financial condition and reputation if any legal proceedings or regulatory actions is initiated against the Company in the future.
- The company's incremental business pipeline may not be indicative of its future growth rate or new business orders the company will receive in the future. Further, its may not realize all of the revenue expected from the company's incremental business pipeline which may adversely affect its business operations and results of operations.
- The company's Promoters and Directors, Anil Shivajirao Kulkarni and Rahul Sohanlal Ranka and Independent Director, Viren Ajit Joshi, were previously associated with companies that were voluntarily struck off from the register of companies. Any such past or future association may be perceived unfavourably by investors, regulators, or other stakeholders.
- The company has had negative net cash flows in the past and may continue to have negative cash flows in the future.
- There are certain discrepancies/errors noticed in some of the company's corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 1956/2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
- The company is subject to strict performance requirements, including, but not limited to, quality, delivery and development activities, and any failure by its to comply with these performance requirements may lead to the cancellation of existing and future orders, recalls or warranty and liability claims.
- Any failures to compete effectively in the highly competitive precision components industry could have a material adverse effect on the company's business, financial condition, results of operations and cash flows.
- The company relies on financing from banks or financial institutions to carry on its business operations, and inability to obtain additional financing on terms favourable to the company or at all or, any failures to comply with financing covenants, or failures to manage the company's debt obligations could have an adverse impact on its financial condition. If the company is unable to raise additional capital, its business and future financial performance could be adversely affected.
- The availability of counterfeit products, the company failures to keep its technical knowledge confidential, or the company's inability to obtain and protect its intellectual properties may have adverse effects on the company's business and results of operations.
- Any failures to obtain or maintain required quality and product certifications or comply with applicable standards could adversely affect the company's manufacturing operations, and business.
- The company is dependent on contract labour and if its is unable to obtain the services of skilled and unskilled workmen at reasonable rates it will have an adverse effect on the company's business and results of operations. In addition, its may also be held responsible for paying the wages or statutory obligations of such workers if the independent contractors default on their obligations to them, and such obligations could have an adverse effect on the company's cash flows, its results of operations and financial condition.
- The company requires certain licenses, permits and approvals in the ordinary course of business, and failures to obtain or retain them in a timely manner may have a material adverse effect on its business and results of operations.
- Some of the company's manufacturing facilities including certain portion of Unit II, proposed manufacturing Unit III and Proposed Manufacturing Unit IV are located on leasehold premises. If the company is unable to renew existing leases or relocate its operations on commercially reasonable terms, there may be an adverse effect on the company's business, financial condition and operations.
- Some of the company's employees is members of unions and the company may be subject to industrial unrest, slowdowns and increased wages costs, which may adversely affect its business and results of operations.
- The company is dependent on third parties for the transportation and timely delivery of its products to customers. Any delays, cost fluctuations, and loss or damage of goods may adversely affect the company's supply chain, profitability and reputation.
- Initial investment requirements and operational inefficiencies relating to new products and OEM approval processes could have a material adverse effect on the company's results of operations and financial condition.
- The company's insurance coverage may not be adequate to protect its against all potential losses, which may have an adverse effect on the company's results of operations, cash flows and financial condition.
- The company has power and water requirements and any disruption to its power or water sources could increase the company's production costs or lead to production shutdowns, loss of work in progress and adverse impact on its financial condition.
- Failures or disruption of the company's information technology ("IT") systems may adversely affect its business, financial condition, results of operations and cash flows.
- The company's business is concentrated in the states of Maharashtra, Karnataka, Punjab, Haryana and Gujarat. Any adverse impact in this region may adversely affect its business, results of operations and financial condition.
- The company has not entered into definitive arrangements in relation to certain objects, and may not be able to enter into definitive agreements on favourable terms, or at all, in the future. Further, any delays in deploying the funds being raised in the Issue, may have an adverse effect on the company's business, financial condition and results of operations.
- Any shutdown or disruption at the company's manufacturing facilities may have an adverse effect on its business, results of operations and financial condition.
- If the company fails to maintain an effective system of internal controls, its may not be able to successfully manage or accurately report the company's financial risks.
- The company's directors has no prior experience in managing a listed company, which may pose challenges in complying with regulatory requirements. Also, being a listed company may strain its existing resources.
- Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance.
- Any failures to adapt to industry trends and evolving technologies to meet the company's customers' demands may materially adversely affect its business and results of operations.
- The company depends on the services of its Directors, Promoters, Key Managerial Personnel, Senior Management team and other personnel with technical expertise, and if the company is unable to recruit and retain qualified and skilled personnel, the company's business and its ability to operates or grow the company's business may be adversely affected.
- The company has entered into certain credit facilities that are repayable on demand. Any unexpected demand for repayment of such facilities by the lenders may adversely affect its business, financial condition, cash flows and results of operations.
- The company is subject to stringent labour laws or other industry standards and any kind of disputes with its employees could adversely affect the company's business, results of operations, financial condition and cash flows.
- The company is exposed to risks associated with foreign exchange rate fluctuations.
- Some of the company's Promoters has provided personal guarantees to lenders for certain loan facilities availed of by its Company, which if invoked may adversely affect the company's Promoters' ability to manage the affairs of its Company and which in turn may adversely impact the company's business and operations.
- The company's inability to collect receivables from its customers or default in payment by them could result in the reduction of the company's profits and affect its cash flows.
- The Company is party to certain legal proceedings, any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- The company's Contingent Liability and Commitments could affect its financial position.
- The company's Corporate Promoter and some of its individual promoters are not the original promoters of the Company. Also, they have limited experience in the company's line of business.
- Information relating to the installed capacity and capacity utilization included in this Red Herring Prospectus is based on various assumptions and estimates and capacity utilization may vary.
- The company has in the past entered into related party transactions and may continue to does so in the future which may involve conflicts of interest and could adversely affect its financial condition and results of operations.
- The company is exposed to cyber security and data protection risks due to its reliance on digital systems and connected technologies.
- Any inability to grow, sustain or manage the company's revenue from operations, profitability or operations may adversely affect its business, results of operations and financial condition.
- The company's management will has discretion in the utilisation of the Net Proceeds, including interim use, and any deviation from the proposed Objects of the Issue may adversely affect the returns on your investment.
- The company has made investment in equity instruments, and its has not made any provision for a decline in the value of the company's investments.
- This Red Herring Prospectus contains certain non-GAAP financial measures and certain other selected statistical information related to the company's operations and financial performance. These non-GAAP measures and statistical information may vary from any standard methodology that is applicable across the manufacturing industry, and therefore may not be comparable with financial or statistical information of similar nomenclature computed and presented by other manufacturing companies.
- Any international market expansion efforts may expose its to complex management, legal, tax and economic risks, which could adversely affect the company's business, financial condition, cash flows and results of operations.
- The company has issued Equity Shares during the preceding one year at a price that may be below the Issue Price.
- Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- The company could be adversely affected by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- Failures to deal effectively with any fraudulent transactions and illegal activity affecting the sensitive information of the company's stakeholders could harm its business and reputation and expose the company to liability.
- In addition to normal remuneration, other benefits and reimbursement of expenses of some of the company's directors (including its Promoter) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
- Any Penalty or demand raised by statutory authorities in future may adversely affect the financial position of the Company.
- The average cost of acquisition of Equity Shares by the company's Promoter is lower than the face value of Equity Share.
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company's major shareholders may adversely affect the trading price of its Equity Shares.
- Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S. GAAP, which may be material to investors' assessments of the company's financial condition, result of operations and cash flows.
- The company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
- The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- The Objects of the Issue for which funds are being raised has not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence the company's profitability adversely.
- The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- Industry information included in this Red Herring Prospectus has been derived from publicly available industry reports and/or websites. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- The Issue Price of the company's Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company's Equity Shares may decline below the Issue Price or you may not be able to sell your Equity Shares at or above the Issue Price.
The Issue type of Poojaa Precision Engg. Ltd is Book Building - SME.
The minimum application for shares of Poojaa Precision Engg. Ltd is 800.
The total shares issue of Poojaa Precision Engg. Ltd is 5310000.
Initial public offer of 53,10,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Poojaa Precision Engg. Limited (formerly known as Pooja Castings Pvt. Ltd.) ("the Company" or "PPEL" or "the Issuer") at an issue price of Rs. 301 per equity share (including share premium of Rs. 291 per equity share) for cash, aggregating up to Rs. 159.83 Crores ("Public Issue") out of which 2,66,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 301 per equity share for cash, aggregating Rs. 8.01 Crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion") and 41,600 equity shares of face value of Rs. 10 each, at an issue price of Rs. 301 per equity share for cash, aggregating up to Rs. 1.25 Crores will be reserved for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The public issue less market maker reservation portion and employee reservation portion i.e. Issue of 50,02,400 equity shares of face value of Rs. 10 each, at an issue price of Rs. 301 per equity share for cash, aggregating upto Rs. 150.57 Crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.62% and 25.08% respectively of the post-issue paid-up equity share capital of the company.
Price Band: Rs. 301 per equity share of face value Rs. 10/- each.
The floor price (Rs.301) is 30.1 times of the face value of the equity shares.
Bids can be made for a minimum of 800 equity shares and in multiples of 400 equity shares thereafter.