Record Subscription and GMP Surge for Poojaa Precision IPO
The initial public offering of Poojaa Precision Engg. Ltd closed with a thunderous response, drawing bids of around ₹30,000 crore for a ₹160-crore issue. The overwhelming demand has pushed the grey market premium (GMP) to ₹230 per share, up from ₹150 just over a week ago. This marks a significant jump in unofficial trading sentiment ahead of the expected listing on the BSE SME platform.
Allotment of shares is anticipated imminently—most likely later today—triggering a flurry of activity among retail investors who subscribed to the book-built issue. The company and its registrar, MUFG Intime India Private Ltd, will finalize the basis of allocation, after which bidders can verify their status online. The strong subscription numbers suggest that the stock may debut at a substantial premium to its issue price when it begins trading on the SME exchange.
What the Grey Market Premium Rally Signals
The GMP’s Upward March Reflects Robust Demand
The climb from ₹150 on 23 July 2026 to ₹230 by 31 July signals that informal market participants believe the IPO price leaves enough room for listing gains. A grey market premium of this magnitude—roughly one-third of an issue that is already priced attractively—indicates that both institutional and retail segments rushed to buy shares, possibly fearing post-listing scarcity.
What the Subscription Multiples Mean for the SME Platform
Receiving bids that are nearly 190 times the offer size is unusual even for the mainboard, let alone the BSE SME segment. This level of interest may reflect confidence in the precision engineering sector’s growth narrative, but it also raises the question of whether the listing price will fully absorb the pent-up demand. For the company, the success of the IPO and the visibility it brings could translate into easier access to follow-on funding and a broader investor base.
How to Check Your Poojaa Precision Allotment Status
Applicants can check their allotment status through the BSE website or the registrar’s portal. The process is straightforward and requires only your PAN or application number.
Via BSE website
- Visit bseindia.com/investors/appli_check
- Select ‘Equity’ as the issue type
- Choose ‘Poojaa Precision Engg. Ltd’ from the dropdown
- Enter your application number or PAN
- Fill in the CAPTCHA and submit
Via MUFG Intime registrar portal
- Go to in.mpms.mufg.com/Initial_Offer/public-issues.html
- Select ‘Poojaa Precision Engg. Ltd’ from the company list
- Click on the PAN option
- Enter your PAN details and submit
Your allotment status will appear immediately on screen. If shares are allotted, they will be credited to your demat account ahead of listing.
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