Poojaa Precision Engg. IPO Subscription Status Day 1: Retail Portion Fully Booked Early As Overall Issue Sees 0.80x Demand

Mumbai, July 28: Poojaa Precision Engg. IPO opened for subscription on Tuesday and received a healthy response from retail investors within the first few hours of bidding. By 10:28 AM, the ₹159.83 crore SME issue had been subscribed 0.80 times, with the retail category already crossing the one-times mark even as institutional participation remained muted.

The public issue, which consists entirely of a fresh issue of 53.10 lakh equity shares, opened today and will remain available for subscription until July 30. The company has fixed the price band at ₹285 to ₹301 per share, while shares are proposed to list on the BSE SME platform on August 4, 2026, subject to the completion of the IPO process.

Retail Investors Drive Early Demand

Retail investors emerged as the biggest contributors on the opening day, subscribing their reserved portion 1.26 times. This indicates encouraging interest from individual investors right at the start of the bidding process.

The NII category was subscribed 0.82 times, with the smaller non-institutional investor segment (sNII) attracting stronger participation than the larger-ticket bNII investors.

Meanwhile, the QIB (excluding anchor investors) portion was yet to receive meaningful bids during the morning session. Employee reservation also remained unsubscribed at the latest update.

Overall, investors had applied for 28.31 lakh shares against 35.44 lakh shares available for public subscription.

Poojaa Precision Engg. IPO Subscription Status (Day 1)

IPO Details At A Glance

Poojaa Precision Engg. plans to raise ₹159.83 crore through a completely fresh issue of equity shares, meaning the proceeds will go directly to the company rather than existing shareholders.

The IPO is priced in the range of ₹285 to ₹301 per share.

Retail investors are required to apply for a minimum of two lots comprising 800 shares, translating into a minimum investment of ₹2,40,800 at the upper end of the price band.

The issue is being managed by Hem Securities Ltd., while MUFG Intime India Pvt. Ltd. has been appointed as the registrar.

Key IPO Dates

• IPO Opens: July 28, 2026 

• IPO Closes: July 30, 2026 

• Expected Basis of Allotment: July 31, 2026 

• Refunds / UPI Mandate Release: August 3, 2026 

• Shares Credited to Demat Accounts: August 3, 2026 

• Tentative Listing: August 4, 2026 (BSE SME) 

About Poojaa Precision Engg.

Established in 1992, Poojaa Precision Engg. manufactures precision-engineered aluminium die-cast and machined components used across automotive, electric vehicle, agriculture, defence, healthcare and industrial engineering sectors. The company offers integrated manufacturing capabilities, including die casting, machining, assembly and finishing, serving both domestic and overseas customers.

Conclusion

Poojaa Precision Engg. IPO has begun on a positive note, with retail investors fully subscribing their quota within hours of the issue opening. While institutional bidding is typically concentrated towards the final day, investors will closely monitor whether NII participation strengthens and QIB demand picks up before the IPO closes on July 30.

Source:

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