Poojaa Precision Engg. Limited
Poojaa Precision Engg. Limited is an aluminium die-casting and precision-machined component manufacturer serving automotive OEMs and non-automotive sectors, launching an SME IPO on BSE SME with a price band of ₹285–₹301 per share.
Overview
About the Company
Poojaa Precision Engg. Limited is engaged in the manufacture of aluminium die-casting and precision-machined components, catering primarily to automotive OEMs across commercial vehicles, passenger cars, two-wheelers, and electric vehicles, as well as non-automotive segments such as energy and agriculture. The company operates two manufacturing plants in Chakan, Pune, equipped with melting units and casting lines supporting gravity, low-pressure, and high-pressure die casting processes along with advanced machining infrastructure. As of Fiscal 2026, it has an installed melting capacity of 13,800 MT and casting/finishing capacity of 6,000 MT, with a product range exceeding 600 SKUs. Its customer base is concentrated in Maharashtra, Karnataka, and Punjab, with additional export exposure to international markets including the USA and Europe.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Setting up a new manufacturing facility through capital expenditure funding (u20b9106.34 Cr, approximately 66.53% of net proceeds)
- › Meeting working capital requirements of the company (u20b930 Cr, approximately 18.77% of net proceeds)
- › General corporate purposes (u20b923.49 Cr, approximately 14.70% of net proceeds)
✅ Strengths
- ✓ The company offers fully integrated die-casting, precision machining, and assembly services under a single roof, providing end-to-end manufacturing capability
- ✓ A broad product portfolio of over 600 SKUs spans automotive, EV, and non-automotive applications, reducing dependence on any single product line
- ✓ The company has nurtured long-standing relationships with prominent automotive OEMs and Tier-1 suppliers, reflecting strong customer trust
- ✓ Its manufacturing base in Chakan, Pune, positions the company in close proximity to key automotive industry clusters
- ✓ Export operations covering multiple international markets, including the USA and European countries, provide geographic diversification
⚠️ Risks
- ! Revenue is heavily concentrated among the top five customers, who together account for over 70% of total revenues, creating client dependency risk
- ! The business is exposed to price volatility in aluminium, which is the primary raw material, and fluctuations can significantly affect margins
- ! A large proportion of revenue is tied to the cyclical automotive sector, making earnings sensitive to industry-wide slowdowns
- ! There is a risk of delays or cost overruns associated with the planned expansion of manufacturing facilities in Pune
- ! The company requires significant ongoing capital expenditure and working capital to support its growth trajectory