Poojaa Precision Engg. IPO Day 3: Subscription Hits 79.64x as Investors Continue Bidding on Final Day

Mumbai, July 30: The Poojaa Precision Engg. IPO is drawing heavy investor interest on the last day of bidding, with the issue already subscribed 79.64 times by 10:19 AM. Demand remains strongest from high net-worth investors (HNIs), while retail investors have also continued to bid aggressively, making the SME issue one of the most closely watched offerings this week.

The three-day public issue, which opened on July 28, will close later today. Since IPO applications generally pick up during the second half of the final day, the overall subscription figure could move higher before the bidding window shuts this evening.

HNIs Continue to Dominate Bidding

The biggest interest has come from the non-institutional investor (NII) category, where applications have far exceeded the shares on offer.

As of the latest update, the subscription stood at:

The IPO had received 2,45,860 applications by mid-morning.

Retail Participation Remains Exceptionally Strong

Retail investors have continued to show strong confidence in the issue, with their reserved portion already subscribed 93.17 times. The HNI segment has attracted even stronger demand, crossing 148 times, indicating aggressive participation from larger investors.

Meanwhile, the QIB (excluding anchor investors) portion stood at 7.31 times, a healthy level considering institutional participation generally builds closer to the closing hours.

With several hours of bidding still left, investors will closely watch whether the subscription crosses the three-digit mark before the issue closes.

About the IPO

Poojaa Precision Engg. is looking to raise ₹159.83 crore through a fresh issue of 53.10 lakh equity shares.

The IPO is priced at ₹285-₹301 per share, with the minimum application set at 800 shares. At the upper price band, retail investors need to invest at least ₹2,40,800, while the minimum application for sHNIs is 1,200 shares, requiring an investment of ₹3,61,200.

Ahead of the public issue, the company raised ₹45.14 crore from anchor investors.

Important Dates

• IPO closes: July 30, 2026
• Expected allotment: July 31, 2026
• Refund initiation: August 3, 2026
• Credit of shares: August 3, 2026
• Expected listing: August 4, 2026 on the BSE SME

About Poojaa Precision Engg.

Poojaa Precision Engg. manufactures precision-engineered aluminium die-cast and machined components used across automotive, electric vehicles, industrial engineering, healthcare and aerospace applications. The company provides end-to-end manufacturing capabilities, including die casting, machining, assembly and engineering services.

Conclusion

With the subscription window closing today, Poojaa Precision Engg. has already attracted demand far exceeding the shares available. Retail and HNI investors have led the response so far, while institutional participation has also remained healthy. The market’s attention will now shift to the final subscription figures after market hours and the allotment process scheduled for July 31.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/pooja-engineering-ipo-anchor-allocation-report.pdf