Pooja Logistics IPO is a Mainboard Book Built public issue by Pooja Logistics Limited. The public issue comprises a fresh issue of equity shares and does not include an Offer for Sale by existing shareholders. The IPO is scheduled to open for subscription on 23 September 2026 and close on 25 September 2026. After completion of the IPO process, the company’s equity shares are proposed to be listed on the NSE SME platform.
The total issue size is ₹44.23 crore, comprising 38.46 lakh equity shares at a price band of ₹109 to ₹115 per share. The issue includes a Market Maker Reservation Portion of up to 1.98 lakh equity shares and an Employee Reservation Portion of 72,000 equity shares. The remaining shares constitute the Net Issue to the public.
Pooja Logistics Limited is engaged in providing temperature-controlled logistics services for transporting perishable and temperature-sensitive goods across India through refrigerated trucks, commonly known as reefers. The company provides cold-chain transportation services to customers operating in confectionery and bakery, dairy, quick-service restaurants, pharmaceuticals and healthcare, e-commerce and retail sectors.
The company operates an in-house fleet of more than 424 GPS-enabled refrigerated vehicles as of 31 March 2026. It also uses technology-enabled operational systems for vehicle tracking, route management, temperature monitoring and driver and truck management.
The cold-chain logistics industry is supported by demand for temperature-controlled transportation of food, pharmaceuticals, dairy products and other perishable goods. Increasing organised food distribution, pharmaceutical transportation requirements, e-commerce and the need for controlled-temperature supply chains create opportunities for specialised logistics operators.
The company proposes to use the IPO proceeds primarily for purchasing vehicles and for general corporate purposes and issue-related expenses. The proposed vehicle purchases are intended to expand its refrigerated transportation fleet and strengthen its logistics capacity.
Investors should carefully evaluate the company’s financial performance, customer concentration, dependence on fleet utilisation, fuel and operating costs, capital requirements, competitive environment and risks associated with the SME segment before making an investment decision.
Table of Contents
Pooja Logistics IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | Pooja Logistics IPO |
| Company Name | Pooja Logistics Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹109 to ₹115 Per Share |
| Issue Size | ₹44.23 Crore |
| Fresh Issue | ₹44.23 Crore |
| Offer for Sale | Nil |
| IPO Open Date | 23 September 2026 |
| IPO Close Date | 25 September 2026 |
| Anchor Investor Bidding | 22 September 2026 |
| Basis of Allotment | 28 September 2026 |
| Refund Initiation | 29 September 2026 |
| Shares Credited to Demat Account | 29 September 2026 |
| Listing Date | 30 September 2026 |
| Listing Exchange | NSE SME |
| Lot Size | 1,200 Equity Shares |
| Minimum Application | 2 Lots (2,400 Shares) |
| Registrar | Maashitla Securities Private Limited |
| Book Running Lead Manager | Share India Capital Services Private Limited |
| Market Maker | Prabhat Financial Services |
The Pooja Logistics IPO has a price band of ₹109 to ₹115 per equity share and comprises 38.46 lakh equity shares. The total issue size at the upper price band is ₹44.23 crore.
Pooja Logistics IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | 22 September 2026 |
| IPO Opening Date | 23 September 2026 |
| IPO Closing Date | 25 September 2026 |
| Basis of Allotment | 28 September 2026 |
| Refund Initiation | 29 September 2026 |
| Shares Credited to Demat Account | 29 September 2026 |
| Listing Date | 30 September 2026 |
The Pooja Logistics IPO is scheduled to open on 23 September 2026 and close on 25 September 2026. The basis of allotment is scheduled for 28 September 2026, followed by refunds and demat credit on 29 September 2026. The proposed listing date is 30 September 2026 on NSE SME.
Pooja Logistics IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | 50% of the Net Issue |
| Non-Institutional Investors (NII) | 15% of the Net Issue |
| Retail Individual Investors (RII) | 35% of the Net Issue |
| Employee Reservation | 72,000 Equity Shares |
| Market Maker Reservation | 1,98,000 Equity Shares |
The issue includes separate reservations for market makers and eligible employees. The remaining Net Issue is allocated among QIB, NII and Retail Individual Investors according to the issue structure.
Pooja Logistics IPO Lot Size
The Pooja Logistics IPO has a market lot of 1,200 equity shares. Individual investors are required to apply for a minimum of two lots, or 2,400 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 2,400 | ₹2,76,000 |
| Individual Maximum | 2 | 2,400 | ₹2,76,000 |
| S-HNI Minimum | 3 | 3,600 | ₹4,14,000 |
| S-HNI Maximum | 7 | 8,400 | ₹9,66,000 |
| B-HNI Minimum | 8 | 9,600 | ₹11,04,000 |
The application amounts shown above are calculated using the upper price band of ₹115 per equity share.
Pooja Logistics IPO GMP
Grey Market Premium or GMP represents the unofficial premium at which IPO shares may be traded in the grey market before their official stock-market listing. GMP is not an official exchange price and is not regulated by the stock exchanges.
The latest available GMP indication for Pooja Logistics IPO is ₹0. At the upper price band of ₹115, a GMP of ₹0 would indicate an unofficial estimated price of ₹115.
| GMP Date | IPO Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 20 September 2026 | ₹115 | ₹0 | ₹115 |
GMP can change before listing and should not be treated as a guarantee of the actual listing price or listing performance.
About Pooja Logistics Limited
Pooja Logistics Limited was incorporated in 2011 and is engaged in providing temperature-controlled logistics services for the transportation of perishable and temperature-sensitive goods across India.
The company provides cold-chain transportation through refrigerated trucks, commonly referred to as reefers. Its services are used by businesses operating in confectionery and bakery, dairy and dairy products, quick-service restaurants, pharmaceuticals and healthcare, e-commerce and retail.
As of 31 March 2026, the company had an in-house fleet of more than 424 GPS-enabled vehicles dedicated to transporting temperature-sensitive shipments. The fleet includes vehicles of different sizes and capacities, enabling the company to undertake various transportation assignments.
The company generally operates on a trip-to-trip model based on customer requirements. It has implemented technology-enabled processes for scheduling orders, monitoring vehicle movement, tracking shipments and managing drivers and trucks.
The company uses GPS-tracking software known as Geo Trackers along with vehicle movement reports and driver and truck management systems. These systems support visibility of vehicle movement, shipment status and temperature-related operations.
Business Operations
Pooja Logistics Limited operates a temperature-controlled logistics business serving multiple industries.
- Confectionery and Bakery – The company transports temperature-sensitive confectionery, bakery products, chocolates, pastries and related goods using refrigerated vehicles.
- Dairy Products – It provides cold-chain transportation for milk, butter, cheese, yoghurt, ice cream and other dairy products.
- Quick-Service Restaurants – The company transports temperature-sensitive products and supplies used by QSR businesses.
- Pharmaceuticals and Healthcare – Its refrigerated transportation services support the movement of temperature-sensitive pharmaceutical and healthcare products.
- E-commerce and Retail – The company provides temperature-controlled transportation services for products distributed through e-commerce and retail channels.
- Refrigerated Fleet Operations – The company operates an in-house fleet of GPS-enabled refrigerated vehicles with different capacities to meet customer transportation requirements.
- Technology-Enabled Tracking – GPS tracking, vehicle movement reports and management systems are used to monitor vehicle operations and shipments.
- Cold-Chain Transportation – The company transports temperature-sensitive consignments under controlled conditions and follows defined unloading and delivery procedures.
The company has also obtained FSSAI certifications for facilitating the delivery of perishable goods and intends to expand its certifications in line with customer and regulatory requirements.
Industry Overview
India’s logistics industry is expanding due to growth in organised retail, e-commerce, food distribution, pharmaceuticals, manufacturing and other sectors that require reliable transportation infrastructure.
Cold-chain logistics represents a specialised part of the logistics industry because temperature-sensitive products require controlled transportation conditions. Food products such as dairy, confectionery and frozen products require temperature management to maintain product quality during transportation.
Pharmaceutical and healthcare supply chains can also require temperature-controlled transportation for certain products. The expansion of organised food distribution, quick-service restaurants, e-commerce and pharmaceutical supply chains creates demand for specialised refrigerated transportation.
The cold-chain sector also requires significant investment in vehicles, equipment, technology and operational systems. Companies operating in this segment need to maintain fleet quality, manage fuel and maintenance costs and ensure compliance with applicable requirements.
Business Strategy
Pooja Logistics Limited focuses on expanding its temperature-controlled transportation capacity and strengthening its refrigerated vehicle fleet.
A significant portion of the IPO proceeds is proposed to be used for purchasing new vehicles. The planned fleet expansion is intended to increase the company’s transportation capacity and enable it to serve additional customer requirements.
The company also focuses on technology-enabled operations through GPS tracking, vehicle movement reports and driver and truck management systems. These systems are intended to improve visibility over fleet operations and shipment movement.
The company serves multiple end-use industries, including food, dairy, QSR, pharmaceuticals and e-commerce. Its strategy includes maintaining relationships with existing customers while expanding its fleet and transportation capabilities.
The company’s future growth will depend on fleet utilisation, customer demand, operational efficiency, cost management and its ability to expand transportation capacity.
Pooja Logistics IPO Financial Information
A company’s financial performance provides insights into revenue generation, profitability, asset growth and financial stability. Pooja Logistics has reported growth in revenue and profit across the financial periods disclosed in its offer documents.
Pooja Logistics Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Total Income | ₹125.14 Crore | ₹150.49 Crore | ₹167.77 Crore |
| EBITDA | ₹19.13 Crore | ₹23.09 Crore | ₹27.30 Crore |
| Profit Before Tax | ₹7.55 Crore | ₹14.64 Crore | ₹16.33 Crore |
| Profit After Tax | ₹5.73 Crore | ₹11.02 Crore | ₹12.34 Crore |
| Net Worth | ₹14.83 Crore | ₹25.85 Crore | ₹42.31 Crore |
| Total Borrowings | ₹31.03 Crore | ₹29.00 Crore | ₹39.21 Crore |
| Total Assets | ₹59.78 Crore | ₹70.06 Crore | ₹98.13 Crore |
The company reported total income of ₹125.14 crore in FY2024, which increased to ₹150.49 crore in FY2025 and ₹167.77 crore in FY2026. Profit after tax increased from ₹5.73 crore in FY2024 to ₹11.02 crore in FY2025 and ₹12.34 crore in FY2026.
EBITDA increased from ₹19.13 crore in FY2024 to ₹23.09 crore in FY2025 and ₹27.30 crore in FY2026. Net worth increased from ₹14.83 crore in FY2024 to ₹25.85 crore in FY2025 and ₹42.31 crore in FY2026.
Total borrowings stood at ₹39.21 crore in FY2026 compared with ₹29.00 crore in FY2025. Total assets increased to ₹98.13 crore in FY2026.
Pooja Logistics IPO Key Performance Indicators (KPIs)
| KPI | Value |
|---|---|
| Return on Net Worth (RoNW) | 36.21% |
| Return on Capital Employed (ROCE) | 20.89% |
| EBITDA Margin | 16.48% |
| PAT Margin | 7.41% |
| Debt-to-Equity Ratio | 0.93 |
| Earnings Per Share (EPS) | ₹12.00 |
| Net Asset Value (NAV) Per Share | ₹40.53 |
| P/E Ratio | 9.58x |
The company’s FY2026 return on net worth was reported at 36.21%, while ROCE stood at 20.89%. EBITDA margin was 16.48%, and the debt-to-equity ratio was 0.93.
For FY2025, the company reported RoNW of 54.20%, ROCE of 34.47%, EBITDA margin of 15.52%, PAT margin of 7.41% and debt-to-equity of 1.12.
Objects of the Pooja Logistics IPO
The company intends to utilise the net proceeds from the fresh issue for the following purposes:
| Object of the Issue | Amount |
|---|---|
| Purchase of Vehicles | ₹33.97 Crore |
| General Corporate Purpose and Issue Expenses | Balance amount |
The company proposes to use approximately ₹33.97 crore of the issue proceeds toward purchasing vehicles. The remaining amount is proposed for general corporate purposes and issue-related expenses.
The proposed vehicle purchases are intended to expand the company’s refrigerated transportation fleet and increase its capacity to undertake temperature-controlled logistics assignments.
Pooja Logistics IPO Listing Performance
The listing performance will reflect how Pooja Logistics shares perform after they begin trading on the NSE SME platform.
| Particular | Value |
|---|---|
| Listing Exchange | NSE SME |
| Listing Date | 30 September 2026 |
| Issue Price | ₹115 Per Share |
| Listing Price | To be updated |
| Listing Gain | To be updated |
| Listing Gain (%) | To be updated |
The listing price and listing performance will become available after the company’s shares commence trading on the exchange.
Pooja Logistics IPO Subscription Status
The Pooja Logistics IPO is scheduled to open for subscription on 23 September 2026. Therefore, category-wise subscription figures will be available after bidding begins.
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | To be updated |
| Non-Institutional Investors (NII) | To be updated |
| Retail Individual Investors (RII) | To be updated |
| Employee Category | To be updated |
| Total Subscription | To be updated |
The final subscription figures will be available after the IPO closes on 25 September 2026.
Pooja Logistics IPO Allotment Status
The basis of allotment for Pooja Logistics IPO is scheduled for 28 September 2026. Refund initiation and credit of shares to successful applicants are scheduled for 29 September 2026.
Investors can check the allotment status after the basis of allotment is finalised through the registrar’s website using their PAN, application number or DP/Client ID.
Pooja Logistics IPO Review
Pooja Logistics Limited operates in the specialised temperature-controlled logistics segment and provides transportation services for perishable and temperature-sensitive products.
The company has built an in-house refrigerated vehicle fleet and uses GPS-based technology and operational management systems to monitor vehicle movement and shipment activity. As of 31 March 2026, its fleet consisted of more than 424 GPS-enabled vehicles.
The company serves customers from several industries, including confectionery and bakery, dairy, quick-service restaurants, pharmaceuticals and healthcare, and e-commerce and retail. This provides exposure to multiple end-use segments requiring temperature-controlled transportation.
Pooja Logistics reported total income of ₹167.77 crore and profit after tax of ₹12.34 crore in FY2026. EBITDA stood at ₹27.30 crore, while net worth increased to ₹42.31 crore.
The IPO proceeds are primarily intended for expanding the vehicle fleet. Approximately ₹33.97 crore is proposed to be utilised for purchasing vehicles. This could increase the company’s transportation capacity, although the expansion will also require effective fleet utilisation and cost management.
The business is capital-intensive because refrigerated vehicles require substantial investment, maintenance and operating expenditure. Fuel costs, vehicle maintenance, driver availability, insurance and financing costs can influence profitability.
The company also operates in a competitive logistics environment. Changes in customer requirements, competition from other cold-chain operators, customer concentration and dependence on key industries may affect business performance.
Investors should also consider the risks associated with SME-listed companies, including potentially lower trading liquidity after listing and the possibility of greater price volatility.
Overall, investors should assess Pooja Logistics IPO based on its financial performance, valuation, fleet expansion plans, customer profile, debt position, industry conditions and the risks associated with the SME market.
Pooja Logistics IPO Strengths
- Specialised focus on temperature-controlled logistics and cold-chain transportation.
- In-house fleet of more than 424 GPS-enabled refrigerated vehicles as of 31 March 2026.
- Services multiple industries including confectionery, dairy, QSR, pharmaceuticals, healthcare, e-commerce and retail.
- Technology-enabled operations using GPS tracking, vehicle movement reports and driver and truck management systems.
- Revenue and profitability growth across the disclosed financial periods.
- FY2026 total income of ₹167.77 crore and profit after tax of ₹12.34 crore.
- Proposed use of IPO proceeds toward expanding the refrigerated vehicle fleet.
Pooja Logistics IPO Risk Factors
- The business depends significantly on refrigerated vehicles and fleet utilisation.
- Fuel, maintenance, insurance and other vehicle-related operating costs can affect profitability.
- The logistics industry is highly competitive and the company faces competition from other transportation and cold-chain service providers.
- Dependence on major customers or industries may affect revenue if customer demand changes.
- Fleet expansion requires significant capital investment and effective operational management.
- Borrowings increased to ₹39.21 crore in FY2026, which may affect financial costs and capital structure.
- Changes in regulations relating to food, pharmaceuticals, transportation and cold-chain operations may affect the business.
- SME-listed shares may experience lower liquidity and higher price volatility compared with mainboard-listed companies.
Pooja Logistics IPO Promoters
Pooja Logistics Limited is promoted by Deepak Khanna and Anu Khanna. The promoters have been associated with the company’s operations and development of its temperature-controlled logistics business.
The promoters have experience in managing logistics operations and the company’s refrigerated transportation business.
Pooja Logistics IPO Promoters Details
| Promoter | Designation / Status |
|---|---|
| Deepak Khanna | Promoter |
| Anu Khanna | Promoter |
The promoters will continue to hold a significant stake in the company after the IPO.
Pooja Logistics IPO Management Team
The company is managed by a team responsible for overseeing logistics operations, fleet management, financial functions, compliance and business development.
| Name | Designation |
|---|---|
| Deepak Khanna | Managing Director |
| Anu Khanna | Promoter / Director |
| Ajay Pal | Chief Financial Officer |
| Reena Bhaskar | Company Secretary & Compliance Officer |
The management team oversees the company’s transportation operations, financial planning, regulatory compliance and strategic development.
Pooja Logistics IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, handling refunds and crediting shares to successful applicants.
| Particular | Details |
|---|---|
| Registrar Name | Maashitla Securities Private Limited |
| Website | https://maashitla.com |
| IPO Allotment Status | https://maashitla.com/allotment-status/public-issues |
| Email ID | [email protected] |
| Contact Number | +91-11-45121795 / +91-11-45121796 |
Pooja Logistics IPO Lead Manager Details
The Book Running Lead Manager is responsible for managing the IPO process, coordinating issue-related activities and assisting the company throughout the public offering.
| Particular | Details |
|---|---|
| Lead Manager | Share India Capital Services Private Limited |
| Address | A-25, Basement, Sector-64, Noida, Uttar Pradesh – 201301 |
Pooja Logistics Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Pooja Logistics Limited |
| Registered Office | 4 – Community Centre, Industrial Area, Lawrence Road, Delhi – 110035 |
| Website | https://poojalogistics.in/ |
| Email ID | [email protected] |
| Contact Number | +91-9220607703 |
How to Check Pooja Logistics IPO Allotment Status
Investors can check the Pooja Logistics IPO allotment status after the basis of allotment has been finalised through the registrar’s website.
Through Maashitla Securities Private Limited
- Visit the official Maashitla IPO allotment portal.
- Select Pooja Logistics IPO from the IPO list.
- Choose PAN Number, Application Number or DP/Client ID.
- Enter the required details.
- Complete the verification process if required.
- Click Submit to view the allotment status.
Investors can also check their demat account after the scheduled credit date to confirm whether the allotted shares have been credited.
Pooja Logistics IPO Conclusion
Pooja Logistics IPO provides investors with an opportunity to participate in the public issue of a specialised cold-chain logistics company providing temperature-controlled transportation services across India.
The company operates a fleet of more than 424 GPS-enabled refrigerated vehicles and serves customers across food, dairy, QSR, pharmaceutical, healthcare, e-commerce and retail segments. Its technology-enabled fleet management systems support vehicle tracking, shipment monitoring and operational management.
The company reported total income of ₹167.77 crore and profit after tax of ₹12.34 crore in FY2026. Net worth increased to ₹42.31 crore, while total assets stood at ₹98.13 crore.
A major portion of the IPO proceeds is proposed to be used for purchasing refrigerated vehicles. The planned fleet expansion could increase transportation capacity, while also requiring effective management of vehicle utilisation, maintenance, fuel costs and financing requirements.
Investors should also consider customer concentration, competition, capital requirements, debt levels, regulatory requirements and the additional liquidity and volatility considerations associated with SME-listed companies.
A detailed assessment of Pooja Logistics’ financial performance, IPO valuation, fleet expansion plans, industry outlook, business risks and future growth strategy can help investors determine whether the IPO is suitable for their investment objectives.
Pooja Logistics IPO FAQs
What is Pooja Logistics IPO?
Pooja Logistics IPO is a Book Built SME public issue of Pooja Logistics Limited comprising 38.46 lakh equity shares aggregating up to ₹44.23 crore at the upper price band. The shares are proposed to be listed on NSE SME.
What is the price band of Pooja Logistics IPO?
The price band of Pooja Logistics IPO is ₹109 to ₹115 per equity share.
What is the issue size of Pooja Logistics IPO?
The total issue size is ₹44.23 crore, comprising 38.46 lakh equity shares. The issue is a fresh issue without an Offer for Sale.
When will the Pooja Logistics IPO open?
The Pooja Logistics IPO will open for subscription on 23 September 2026.
When will the Pooja Logistics IPO close?
The IPO will close for subscription on 25 September 2026.
What is the lot size of Pooja Logistics IPO?
The market lot size is 1,200 equity shares. Individual investors need to apply for a minimum of two lots, or 2,400 shares.
What is the minimum investment required for Pooja Logistics IPO?
At the upper price band of ₹115 per share, the minimum individual application of 2,400 shares requires ₹2,76,000.
On which stock exchange will Pooja Logistics shares be listed?
Pooja Logistics shares are proposed to be listed on the NSE SME platform on 30 September 2026.
Who is the registrar for Pooja Logistics IPO?
Maashitla Securities Private Limited is the registrar to the Pooja Logistics IPO.
What does Pooja Logistics Limited do?
Pooja Logistics Limited provides temperature-controlled logistics services for transporting perishable and temperature-sensitive goods across India through refrigerated trucks.
What are the objectives of the Pooja Logistics IPO?
The company proposes to utilise the IPO proceeds primarily for purchasing vehicles, along with general corporate purposes and issue-related expenses. Approximately ₹33.97 crore is proposed for vehicle purchases.
What is the GMP of Pooja Logistics IPO?
The latest available grey-market indication is ₹0. GMP is unofficial and can change before listing, so it should not be treated as a guarantee of the actual listing price.
