Pooja Logistics IPO Details: Key Dates, Price Band & Investment Overview

By Wealthova | Last Updated: September 20, 2026

Pooja Logistics Limited, an established player in the temperature-controlled supply chain and logistics sector, is gearing up to make its primary market debut with an upcoming ₹44.23 Crore SME IPO. Operating as a premier provider of cold chain transportation services, the company focuses on delivering seamless movement of perishable goods through its dedicated, in-house fleet of over 350 GPS-enabled refrigerated trucks (reefers). Operating a highly scalable and diverse B2B business model, Pooja Logistics provides critical transit monitoring and freight solutions backed by growing demand across the dairy, confectionery, pharmaceuticals, quick-service restaurants (QSR), and e-commerce industries. The subscription window for this book-built issue opens on September 23, 2026, and closes on September 25, 2026. The price band is set between ₹109 to ₹115 per equity share. The ₹44.23 Crore offering consists entirely of a Fresh Issue of 38.46 lakh shares, with absolutely no Offer for Sale (OFS) component. The company plans to utilize the fresh capital primarily to fund capital expenditures for purchasing new high-capacity transport vehicles and for general corporate purposes. Set to list on the NSE SME platform, market participants are closely watching this visible, asset-led enterprise, backed by a robust FY26 total income of ₹167.77 Crore and a net profit of ₹12.34 Crore. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!



Pooja Logistics IPO Details

Quick IPO Factsheet

Bidding Opens

September 23, 2026

Bidding Closes

September 25, 2026

Price Band

₹109 to ₹115

(Book Built)
Lot Size

1,200 Shares

(Min. 2 Lots for Retail)
Total Issue Size

₹44.23 Cr

(38.46 Lakh Shares)
Fresh Issue Size

₹44.23 Cr

(Entirely Fresh Issue)
Retail Category

35.00% Allocation

Face Value

₹10 Base

Market Structure

SME (NSE SME)




Pooja Logistics IPO Timeline

IPO Open Date September 23, 2026
IPO Close Date September 25, 2026
Basis of Allotment September 28, 2026
Initiation of Refunds September 29, 2026
Credit to Demat Account September 29, 2026
NSE SME Listing Date September 30, 2026



Deep-Dive Corporate Profile: What Does Pooja Logistics Limited Do?

Incorporated to bridge the gap in India’s fragmented supply chain, Pooja Logistics Limited is a highly specialized, asset-backed logistics enterprise operating purely in the temperature-controlled (cold chain) transportation sector. The company provides mission-critical freight and transit solutions designed to ensure the seamless, safe, and regulatory-compliant movement of perishable and temperature-sensitive goods across the country.

Unlike asset-light aggregators, Pooja Logistics owns and operates a formidable physical infrastructure, allowing it to maintain strict quality control over its entire service delivery pipeline. The company's core operations are structured around the following capabilities:

  • Dedicated Cold Chain Fleet: The company operates a massive, in-house fleet of over 350 GPS-enabled refrigerated trucks (reefers). These specialized vehicles are equipped with advanced temperature-control units capable of maintaining exact thermal environments, ensuring zero spoilage during long-haul transit.
  • Real-Time Transit Monitoring: Leveraging technology, Pooja Logistics provides 24/7 telematics and GPS tracking. This allows B2B enterprise clients to monitor exact vehicle locations, route optimization, and live cargo temperatures in real-time.
  • Industry-Specific Freight Solutions: The business operates a highly diversified B2B model serving sectors where temperature integrity is non-negotiable. Its primary client base includes top-tier corporations in the dairy, confectionery, pharmaceuticals, quick-service restaurants (QSR), FMCG, and e-commerce industries.

By combining physical trucking assets with digital monitoring technology, Pooja Logistics has successfully built a robust, high-barrier-to-entry business model, evidenced by its strong FY26 total income of ₹167.77 Crore.


Why is the Company Raising Funds? (Objects of the Issue)

The Pooja Logistics IPO is an NSE SME offering comprising entirely of a Fresh Issue of ₹44.23 Crore (38.46 lakh shares). The promoters are displaying strong confidence in the business by not diluting their existing holdings via an Offer for Sale (OFS). This means 100% of the net public proceeds will be injected directly into the company to fuel the following strategic growth objectives:

  • Capital Expenditure for Fleet Expansion: The logistics and cold chain business is highly asset-heavy. The primary objective of this IPO is to utilize the lion's share of the raised capital to purchase new, high-capacity commercial transport vehicles. Expanding the proprietary reefer fleet will allow the company to fulfill growing enterprise demand, secure larger multi-year contracts, and increase its pan-India route coverage.
  • Funding Working Capital Requirements: Running a massive fleet of 350+ trucks involves significant day-to-day operational costs, including fuel, toll charges, fleet maintenance, and driver payroll. A portion of the funds will be deployed to strengthen the company’s working capital buffer, ensuring smooth operations while managing corporate receivable cycles.
  • General Corporate Purposes: The remaining balance will be allocated toward meeting standard public issue expenses, upgrading digital telematics infrastructure, and funding ongoing corporate contingencies.

🚛 Purchase of Vehicles 76.80%

₹33.97 Crore is strictly allocated for the direct purchase of new commercial refrigerated vehicles (reefers) to expand the company's dedicated cold-chain transport fleet and increase route capacities.

🏛️ General Corporate & Issue Expenses 23.20%

The balance of approximately ₹10.26 Crore is reserved for meeting standard public issue expenses and funding ongoing day-to-day corporate contingencies and working capital.



Company Financials

*All amounts are in ₹ Crores (Restated Consolidated)
📅 Period Ended 📈 Total Income 💼 Net Worth 💰 PAT 🏦 Assets
FY 2024 ₹125.14 ₹14.83 ₹5.73 ₹59.78
FY 2025 ₹150.49 ₹25.85 ₹11.02 ₹70.06
FY 2026 ₹167.77 ₹42.31 ₹12.34 ₹98.13



Pooja Logistics IPO Key Performance Indicators (KPIs)

Financial KPI (FY25)* Value
Return on Net Worth (RoNW) 54.20% (FY25)
Return on Capital Employed (ROCE) 34.47% (FY25)
EBITDA Margin 15.52% (FY25)
PAT Margin 7.41% (FY25)
Debt to Equity Ratio 1.12x (FY25)
Earnings Per Share (EPS) ₹11.82 (Pre-IPO) | ₹8.64 (Post-IPO)
Price/Earning (P/E) Ratio 9.73x (Pre-IPO) | 13.31x (Post-IPO)
Net Asset Value (NAV) ₹25.85 (Pre-IPO)
Price to Book (P/B) 4.45x (At Upper Band)



Promoters & Shareholding Pattern

Shareholder Category Pre-IPO Holding Post-IPO Holding
Promoter & Promoter Group 93.68% 68.45%
Public / Institutional / Others 6.32% 31.55%
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Smart Market Insights

Pooja Logistics Limited enters the public market backed by its core promoters: Deepak Khanna and Anu Khanna. Prior to the IPO (and following a massive 99:1 bonus issue), the promoters and promoter group collectively held a dominant 93.68% equity stake, with the remaining 6.32% held by public and other shareholders. The ₹44.23 Crore issue is entirely a fresh equity dilution with absolutely no Offer for Sale (OFS). Post-issue, the promoter holding will adjust to a comfortable majority stake of 68.45%, ensuring strong alignment with minority shareholders. The fresh capital is strategically directed toward expanding its proprietary fleet of refrigerated commercial vehicles (reefers) to capture a larger share of India's fast-growing temperature-controlled logistics sector.

Industry Peer Comparison

Company Name EPS (₹) P/E Ratio (Post-IPO) RoNW (%)
Pooja Logistics Ltd (IPO) 8.64 13.31x 54.20%
AVG Logistics Limited 17.38 11.93x 10.11%
Premier Roadlines Limited 6.02 6.94x 14.34%



IPO Strengths & Key Risks

Strengths
High-Barrier Cold Chain Moat & In-House Fleet: Unlike asset-light dry freight aggregators, Pooja Logistics operates a specialized, dedicated fleet of over 350 GPS-enabled refrigerated trucks (reefers). The stringent temperature requirements and regulatory compliances needed for perishable transit create significant entry barriers and sticky enterprise relationships across dairy, pharmaceutical, and confectionery majors.
Industry-Leading Capital Efficiency & Return Metrics: The company demonstrates remarkable profitability for an asset-backed transport enterprise, delivering an exceptional Return on Net Worth (RoNW) of 54.20% and a Return on Capital Employed (ROCE) of 34.47% for FY25. These metrics substantially outperform established listed peers like AVG Logistics (10.11% RoNW) and Premier Roadlines (14.34% RoNW).
100% Fresh Issue Dedicated to Direct Capacity Expansion: The entire ₹44.23 Crore offering is a Fresh Issue with zero promoter dilution via Offer for Sale (OFS). A massive 76.80% (₹33.97 Crore) of the proceeds is strictly earmarked for purchasing new commercial refrigerated vehicles, directly increasing fleet capacity and future revenue potential.
Healthy Operating & Net Margin Profile: Commanding niche pricing power in temperature-controlled transit, Pooja Logistics generated an EBITDA margin of 15.52% and a PAT margin of 7.41% in FY25. This provides a far stronger operational cushion against cost fluctuations compared to conventional low-margin dry logistics operators.
Key Risks
Moderate Financial Leverage & Capital Intensity: Maintaining and scaling a temperature-controlled fleet is inherently capital-intensive. The company enters the public market with a Debt-to-Equity ratio of 1.12x (FY25). Ongoing vehicle acquisition loan obligations and continuous maintenance capex could strain operating cash flows if capacity utilization softens.
High Exposure to Fuel Cost Volatility & Toll Hikes: Diesel fuel, road taxes, and highway tolls represent the largest operational cost components for the business. Sharp surges in retail fuel tariffs or unexpected toll increases can directly compress gross margins if client contracts lack instantaneous fuel-surcharge escalation clauses.
Transit Breakdown & Perishable Spoilage Liabilities: Transporting temperature-critical goods like ice cream, vaccines, and fresh produce involves operational hazards. Refrigeration unit breakdowns, power failures, or road transit delays can cause total cargo spoilage, exposing the company to substantial client liability claims, penalties, and insurance litigation.
Valuation Premium Over Listed Transportation Peers: At the upper price band of ₹115, the IPO is priced at a post-issue P/E of 13.31x and a Price-to-Book (P/B) ratio of 4.45x. While supported by superior return ratios, this demands a valuation premium compared to listed sector peers like Premier Roadlines (6.94x P/E) and AVG Logistics (11.93x P/E).



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Smart Market Insights

Wealthova Verdict: SUBSCRIBE (SOUND FUNDAMENTALS & ATTRACTIVE RETURN PROFILE)

Pooja Logistics Limited enters the primary market as an asset-backed player in India's fast-growing temperature-controlled (cold-chain) logistics industry. Operating a specialized, in-house fleet of over 350 GPS-enabled refrigerated trucks (reefers), the company provides critical cold storage transport for sensitive industries like pharmaceuticals, dairy, ice cream, and quick-service restaurants. Unlike conventional freight aggregators, owning physical reefers gives Pooja Logistics higher entry barriers and pricing power, reflected in a healthy EBITDA margin of 15.52% and a PAT margin of 7.41% for FY25. Most importantly, the ₹44.23 Crore offering is entirely a Fresh Issue with zero Offer for Sale (OFS), with 76.80% (₹33.97 Crore) deployed directly into acquiring new commercial refrigerated vehicles to immediately scale revenue capacity post-listing[cite: 4].

From a risk perspective, cold-chain logistics is inherently capital-intensive and exposed to operational hazards. The company carries a moderate financial leverage with a Debt-to-Equity ratio of 1.12x[cite: 4]. Operating hundreds of refrigerated vehicles also introduces exposure to diesel price spikes, highway tolls, and potential liabilities arising from equipment breakdown or perishable cargo spoilage during long-haul transit. Investors should note that sustaining high fleet utilization rates will be critical to servicing debt obligations and generating free cash flows once the new vehicles are inducted into the fleet.

On the valuation front, the issue is priced reasonably given its industry-leading capital efficiency. At the upper price band of ₹115, Pooja Logistics commands a post-issue Price-to-Earnings (P/E) multiple of 13.31x (based on a post-issue EPS of ₹8.64) and a Price-to-Book (P/B) of 4.45x against a pre-IPO NAV of ₹25.85[cite: 4]. While this trades at a premium to general dry freight logistics peers like Premier Roadlines (6.94x P/E), it is broadly in line with AVG Logistics (11.93x P/E)[cite: 4]. More importantly, this valuation is backed by exceptional return metrics—delivering a Return on Net Worth (RoNW) of 54.20% and an ROCE of 34.47% in FY25, which significantly surpasses peer averages[cite: 4]. With 100% of the funds driving fleet expansion and promoters holding a solid 68.45% post-issue stake, we assign an honest SUBSCRIBE rating for investors looking for quality SME exposure in the logistics sector[cite: 4].

Disclaimer: The information provided above is for educational and informational purposes only and does not constitute financial advice. Initial Public Offerings (IPOs) carry market risks, and equity investments are subject to broader market fluctuations. Wealthova is not a SEBI-registered investment advisor. Always consult with a certified financial planner and conduct your own due diligence before locking up capital in any public issue.



Pooja Logistics IPO Key Contacts & Advisors

Role / Entity Contact & Details
📋 IPO Registrar Maashitla Securities Private Limited

451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi - 110034

🏢 Company Contact Pooja Logistics Limited

4, Community Center, Lawrence Road Industrial Area, New Delhi - 110035

💼 Merchant Bankers Share India Capital Services Private Limited

Book Running Lead Manager



Frequently Asked Questions (FAQs)

What are the opening and closing dates for the Pooja Logistics IPO?
The Pooja Logistics Limited IPO opens for subscription on September 23, 2026, and closes on September 25, 2026. The basis of allotment will be finalized on September 28, 2026, with the official stock market listing scheduled on the NSE SME platform for September 30, 2026.
What is the minimum lot size and investment required for retail investors?
Based on the specific issue structure, Individual (Retail) investors are required to apply for a minimum of 2 lots (2,400 shares). At the upper price band of ₹115 per share, the minimum retail investment required is ₹2,76,000. Small High Net Worth Individuals (S-HNI) must apply for a minimum of 3 lots (3,600 shares), amounting to ₹4,14,000.
How can I check the allotment status for the Pooja Logistics IPO?
You can check your Pooja Logistics IPO allotment status online starting September 28, 2026, using any of the following portals:
  1. Wealthova (Recommended): Check directly on the Wealthova IPO Allotment Status Hub using your PAN number or Application Number for real-time verification.
  2. Official Registrar Portal: Visit the official allotment page of Maashitla Securities Private Limited.
  3. Stock Exchange Portal: Verify directly on the official NSE IPO allotment status page.
Where will the Pooja Logistics IPO be listed?
Pooja Logistics Limited is an SME public issue, and its equity shares will list exclusively on the NSE SME platform on September 30, 2026.
What is the total issue size and price band for the IPO?
The total issue size is ₹44.23 Crore, consisting entirely of a Fresh Issue of 38.46 lakh equity shares with absolutely no Offer for Sale (OFS) component. It is a book-built issue with a price band set between ₹109 to ₹115 per equity share (Face Value: ₹10).
Who is the registrar and lead manager for this public issue?
Maashitla Securities Private Limited is acting as the official IPO Registrar. The Book Running Lead Manager for the offering is Share India Capital Services Private Limited.