Pooja Logistics IPO
Pooja Logistics IPO is an NSE SME book-built issue of ₹44.23 crore comprising a Fresh Issue of 38,46,000 equity shares. The price band is ₹109 to ₹115 per share and the lot size is 1,200 shares. The IPO opens on September 23, 2026 and closes on September
Pooja Logistics IPO Details
Pooja Logistics IPO is scheduled to open for subscription on September 23, 2026 and close on September 25, 2026. The basis of allotment is expected to be finalized on September 28, refunds are scheduled to begin on September 29, and shares are expected to be credited to Demat accounts on September 29, 2026. The proposed listing date is September 30, 2026.
Pooja Logistics IPO GMP
Pooja Logistics IPO GMP is currently reported at ₹0 in available grey-market updates. Based on the upper issue price of ₹115, this indicates an unofficial indicative listing price of ₹115. GMP is not an official exchange figure and can change before listing.
Pooja Logistics IPO Timeline (Tentative)
Pooja Logistics IPO will open for subscription on September 23, 2026 and close on September 25, 2026. The basis of allotment is expected on September 28, followed by refund initiation and share credit on September 29. The shares are proposed to list on NSE SME on September 30, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Wed, Sep 23, 2026 |
| IPO Close Date | Fri, Sep 25, 2026 |
| Basis of Allotment | Mon, Sep 28, 2026 |
| Initiation of Refunds | Tue, Sep 29, 2026 |
| Credit of Shares to Demat | Tue, Sep 29, 2026 |
| Listing Date | Wed, Sep 30, 2026 |
| IPO Opens | September 23, 2026 |
| IPO Closes | September 25, 2026 |
| Basis of Allotment | September 28, 2026 |
| Refund Initiation | September 29, 2026 |
| Credit of Shares to Demat | September 29, 2026 |
| Listing Date | September 30, 2026 |
Pooja Logistics IPO Lot Size
The Pooja Logistics IPO lot size is 1,200 shares. Individual investors must apply for a minimum of 2 lots, or 2,400 shares, requiring ₹2,76,000 at the upper price band of ₹115. HNI investors can apply for a minimum of 3 lots, or 3,600 shares.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 2,76,000 |
| Retail (Max) | 2 | 2,400 | 2,76,000 |
| S-HNI (Min) | 3 | 3,600 | 4,14,000 |
| S-HNI (Max) | 7 | 8,400 | 9,66,000 |
| B-HNI (Min) | 8 | 9,600 | 11,04,000 |
Pooja Logistics IPO Reservation
The IPO allocation provides 50% of the Net Issue for QIBs, 15% for NIIs and 35% for Retail Individual Investors. Anchor Investors form part of the QIB portion.
Pooja Logistics IPO Subscription
Pooja Logistics IPO subscription will begin on September 23, 2026. Category-wise subscription figures will be updated after bidding starts.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About Pooja Logistics
Pooja Logistics Limited is a temperature-controlled logistics company engaged in the transportation of perishable and temperature-sensitive goods across India through refrigerated trucks, commonly known as reefers. The company has been operating in the cold-chain logistics segment since 2011 and serves customers across several industries requiring controlled transportation conditions.
The company caters to industries including confectionery and bakery, dairy and dairy products, quick-service restaurants, pharmaceuticals and healthcare, and e-commerce and retail. Its fleet includes GPS-enabled refrigerated vehicles of different capacities, allowing it to undertake transportation assignments based on customer requirements.
Pooja Logistics uses technology-enabled operating processes including GPS tracking and temperature monitoring to provide visibility over shipments. As of March 31, 2026, the company's fleet consisted of more than 424 GPS-enabled vehicles, while its total employee strength was around 101 as of July 31, 2026.
The company generally operates on a trip-to-trip model based on customer requirements. The IPO proceeds are primarily intended for purchasing vehicles, with the remaining proceeds allocated towards general corporate purposes.
Strengths
- Established presence in temperature-controlled and cold-chain logistics since 2011.
- Diversified customer exposure across confectionery, dairy, QSRs, pharmaceuticals, healthcare and e-commerce.
- Large GPS-enabled refrigerated vehicle fleet with more than 424 vehicles as of March 31, 2026.
- Technology-enabled operations including GPS tracking and temperature monitoring for shipment visibility.
- Revenue and profitability have grown over the latest reported financial periods, with FY2026 revenue of ₹167.77 crore and PAT of ₹12.34 crore.
- Fresh Issue proceeds are primarily directed towards vehicle purchases to expand the operating fleet.
Risks to Consider
- The company's operations depend heavily on the efficient management, maintenance and utilisation of its refrigerated vehicle fleet.
- Fuel, vehicle maintenance and other operating costs can affect margins and profitability.
- Temperature-controlled logistics requires continuous compliance with operational and quality standards, particularly for pharmaceutical, dairy and food-related consignments.
- The business is exposed to competition from other organised and unorganised cold-chain and logistics service providers.
- Demand is linked to industries such as food, pharmaceuticals, QSRs and e-commerce, and changes in customer requirements can affect utilisation.
- As an SME-listed company, the shares may have different liquidity and trading characteristics compared with Mainboard-listed companies.
Pooja Logistics Financials (₹ Cr)
Pooja Logistics reported total income of ₹125.14 crore in FY2024, ₹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. Total assets and net worth also increased during the reported period.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | 125.14 | 5.73 | 59.78 | 14.83 |
| FY2025 | 150.49 | 11.02 | 70.06 | 25.85 |
| FY2026 | 167.77 | 12.34 | 98.13 | 42.31 |
KPIs & Valuation
Key valuation and return ratios for Pooja Logistics — including P/E and per-share earnings — to help gauge how the Pooja Logistics IPO is priced.
Objects of the Issue
Pooja Logistics proposes to use the proceeds from the Fresh Issue primarily for purchasing goods carriages, including refrigerated vehicles, and for general corporate purposes. The company intends to expand its transportation capacity through additional vehicles.
- The company proposes to utilise the IPO proceeds for:
- Purchase of vehicles or goods carriages for expanding the refrigerated transportation fleet.
- General corporate purposes.
- The disclosed allocation towards purchase of vehicles is approximately ₹33.97 crore, with the balance of the net proceeds intended for general corporate purposes.
Promoters, Lead Managers & Registrar
Pooja Logistics Limited is promoted by Deepak Khanna and Anu Khanna. Deepak Khanna is the Managing Director of the company, while Anu Khanna is an Executive Director. Share India Capital Services Private Limited is the Book Running Lead Manager to the issue and Maashitla Securities Private Limited is the Registrar to the Issue. Prabhat Financial Services Limited and Share India Securities Limited are identified as market makers for the issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Maashitla Securities Private Limited |
|---|---|
| Phone | 011-45121795 |
| investor.ipo@maashitla.com | |
| Website | https://maashitla.com/ |
Pooja Logistics IPO Review
Pooja Logistics operates in the temperature-controlled logistics segment, where refrigerated transportation is required for products whose quality and usability can be affected by temperature variations. Its customer industries include food, dairy, QSRs, pharmaceuticals and e-commerce, providing exposure to multiple categories of temperature-sensitive shipments.
The company's financial performance has improved across the reported periods. Revenue increased from ₹125.14 crore in FY2024 to ₹150.49 crore in FY2025 and ₹167.77 crore in FY2026. PAT also increased from ₹5.73 crore in FY2024 to ₹11.02 crore in FY2025 and ₹12.34 crore in FY2026.
The proposed use of funds is closely linked to the company's operating model. Around ₹33.97 crore of the IPO proceeds is intended for purchasing vehicles, which can increase the company's fleet capacity and support its transportation operations. The remaining proceeds are intended for general corporate purposes.
At the upper price band of ₹115, the reported FY2026 P/E is approximately 9.08x on a pre-issue basis and 12.43x on a post-issue basis according to the offer-document-based valuation data. Investors evaluating the IPO can consider the company's financial growth, fleet expansion, operating costs, debt levels and the characteristics of the SME market.
How to Apply
Pooja Logistics IPO applications can be made through ASBA and UPI-supported IPO application facilities provided by eligible banks and stockbrokers. The IPO opens on September 23, 2026 and closes on September 25, 2026.
The minimum individual investor application is 2,400 shares, or 2 lots. At the upper price band of ₹115 per share, the minimum application amount is ₹2,76,000.
Through UPI
- Log in to your stockbroker app or website.
- Go to the IPO section.
- Select Pooja Logistics IPO.
- Enter the number of lots you want to apply for.
- Enter your UPI ID and submit the IPO application.
- Check the UPI mandate request received from your bank.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your linked bank account.
- If shares are allotted, the applicable amount will be debited and the allotted shares will be credited to your Demat account.
Prospectus & Documents
The IPO offer documents contain information relating to the company's business, financial performance, risk factors, issue structure, promoters, objects of the issue and other details relevant to the public offering. The lead manager provides access to the IPO prospectus and related documents.
Last updated Sep 22, 2026.