The Initial Public Offering (IPO) of Poojaa Precision Engg.Ltd. opened for bidding today. As per the BSE SME, the IPO has been subscribed 2.83 times, with bids pouring in for 1.00 crore shares, surpassing the 0.35 crore shares on offer.
The company aims to raise ₹159.83 crores through fresh issue of 0.53 crore equity shares. Shares are offered at a price band of ₹285 to ₹301 per share. Investors can bid for a minimum of 800 equity shares and in multiples of 400 shares.
Poojaa Precision Engg.Ltd. IPO: Category-wise Subscription
Subscription levels showed participation from Retail Investors at 4.51 times, Non-Institutional Investors (NIIs) at 2.84 times, Employee category at 0.13 times.
Within the NII segment, small NIIs bidding up to Rs 10 Lakhs subscribed 3.93 times, while big NIIs applying above Rs 10 Lakhs subscribed 2.30 times. The Qualified Institutional Buyers (QIBs) segment subscribed 0.00 times on Day 1.
Hem Securities Ltd. acts as the book-running lead manager to the issue, while MUFG Intime India Pvt.Ltd. is the registrar of the IPO.
The IPO will remain open for subscription till Jul 30, 2026. Retail investors are required to apply for a minimum of 800 shares worth ₹2,40,800 while non-institutional investors (NIIs) must bid for a minimum investment of ₹3,61,200.
