Pooja Logistics IPO Review: Key Details, Company Overview and Financials

The Pooja Logistics IPO is a bookbuilding issue of Rs 44.23 crore, comprising an entirely fresh issue of equity shares, with no offer for sale component. The IPO will open for subscription on 23 September 2026 and close on 25 September 2026. The allotment is expected to be finalised on 28 September 2026, while the shares are proposed to list on the SME platform of NSE around 30 September 2026.

The Pooja Logistics IPO price band is set at Rs 109 to Rs 115 per share, with a lot size of 1,200 shares. Individual investors must apply for a minimum of 2 lots (2,400 shares), requiring an investment of Rs 2,76,000 at the upper price band.

Share India Capital Services Pvt. Ltd. is the book-running lead manager for the Pooja Logistics IPO, while Maashitla Securities Pvt. Ltd. is the registrar to the issue.

For detailed information on the company's business, financials, risk factors and the proposed utilisation of proceeds, investors should refer to the Pooja Logistics IPO Red Herring Prospectus (RHP) before making an investment decision.

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Company Overview

Incorporated in 2011, Pooja Logistics Limited provides temperature-controlled logistics services for the transportation of perishable goods across India through refrigerated trucks (reefers). As of 31 March 2026, the company's in-house fleet comprised over 424 GPS-enabled vehicles dedicated to the transportation of temperature-sensitive goods, including both single-compartment and multi-compartment reefers with load capacities ranging from approximately 5 to 20 tonnes.

The company's fleet is equipped to maintain temperatures suitable for both frozen (-18°C to -10°C) and chilled (0°C to +4°C) storage, serving clients across the confectionery and bakery, dairy and dairy products, quick-service restaurants (QSRs), pharmaceuticals, and e-commerce sectors. Pooja Logistics maintains operational systems designed to ensure compliance with applicable cold-chain standards while transporting temperature-sensitive consignments.

Read on for the complete Pooja Logistics IPO details, including price band, lot size, listing timeline and the company's financial track record.

IPO Details

Particulars	Details
IPO Date	23 to 25 September 2026
Allotment	Mon, 28 September 2026
Listing Date	Wed, 30 September 2026 (tentative)
Face Value	Rs 10 per share
Price Band	Rs 109 to Rs 115
Lot Size	1,200 Shares
Issue Type	Bookbuilding IPO
Sale Type	Fresh Issue only (no OFS)
Total Issue Size	Aggregating up to Rs 44.23 Cr
Fresh Issue	Aggregating up to Rs 44.23 Cr
Offer for Sale	Nil
Listing Exchange	NSE SME

(Compiled from the RHP/DRHP and market updates)

Industry Context

• India's cold-chain logistics industry has grown alongside expanding organised retail, e-commerce grocery delivery, and rising demand for temperature-sensitive food, dairy and pharmaceutical products.
• Reefer trucking, which maintains controlled temperatures during transit, is a critical link between cold storage facilities, processing units and end retailers or QSR outlets, reducing spoilage and product loss.
• GPS-enabled fleet management and multi-compartment reefer vehicles allow logistics providers to serve customers with varying temperature requirements more efficiently within a single delivery route.
• Pharmaceutical cold-chain logistics, an adjacent segment to food and dairy transport, is growing in importance given the temperature-sensitivity of many modern drugs and vaccines.
• The cold-chain logistics industry remains capital intensive, requiring ongoing investment in specialised refrigerated vehicles, and is exposed to fuel price volatility and driver availability constraints.

Business Strengths

Here are the key strengths investors evaluating the Pooja Logistics IPO should weigh:

• An established, in-house fleet of over 424 GPS-enabled refrigerated vehicles as of March 2026, supporting direct operational control over transportation activities.
• A diversified client base spanning confectionery and bakery, dairy, QSR, pharmaceuticals and e-commerce sectors, reducing dependence on any single industry.
• Specialised fleet capabilities covering both frozen and chilled temperature ranges, serving a wide range of perishable and temperature-sensitive product categories.
• The entire Pooja Logistics IPO is a fresh issue, with proceeds directed towards fleet expansion rather than an exit for existing shareholders.

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Business Risks

Alongside these strengths, the Pooja Logistics IPO also carries the following business risks:

• Cold-chain logistics is a capital-intensive business, requiring continuous investment in specialised refrigerated vehicles to maintain and expand fleet capacity.
• The business is exposed to fuel price volatility, which can directly affect operating costs and margins for a fleet-heavy logistics operator.
• Maintaining consistent cold-chain compliance across a large, geographically dispersed fleet carries operational and quality-control risk.
• As with any SME stock, Pooja Logistics shares may see limited post-listing liquidity and price volatility.

Financial Performance

Detailed multi-year revenue and profit figures for Pooja Logistics were not separately itemised in the sources used for this review. Investors should refer to the official RHP for the complete, audited three-year restated financial statements before making an investment decision.

Pooja Logistics Ltd. – Financials (Rs in Lakh)

Particulars	Status
Revenue, PAT, EBITDA (absolute figures)	Refer to RHP for complete restated financial statements

Detailed absolute revenue and profit figures for Pooja Logistics were not separately available in the sources used for this review. Investors should refer to the official RHP for the complete, audited three-year restated financial statements before making an investment decision.

Key Ratios and Metrics

Detailed valuation ratios such as P/E, ROE and ROCE for the Pooja Logistics IPO were not fully available in the sources used for this review. Investors should refer to the RHP for the complete financial and valuation metrics.

These ratios offer a quick snapshot of how the Pooja Logistics IPO is priced relative to the company's profitability and net worth.

KPI (Not fully available)	Value
Price Band	Rs 109 to Rs 115
In-house Fleet Size (as of Mar 2026)	424+ GPS-enabled reefer vehicles
Sale Type	100% Fresh Issue

Objects of the Offer

The company proposes to utilise the net proceeds from the Pooja Logistics IPO towards the following objects.

• Purchase of vehicles (goods carriages) to expand the refrigerated fleet
• Public issue related expenses
• General corporate purposes

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Conclusion

Here is the bottom line on the Pooja Logistics IPO.

The Pooja Logistics IPO reflects an established, fleet-owning cold-chain logistics provider with a diversified client base across food, dairy, QSR, pharmaceutical and e-commerce sectors, entirely funded through a fresh issue.

However, the capital-intensive nature of fleet-based logistics, fuel price sensitivity, limited publicly available financial detail, and typical SME liquidity risk are factors that could affect the investment case for the Pooja Logistics IPO.

Overall, investors weighing the Pooja Logistics IPO should evaluate the company's business model, financial performance, industry outlook, competitive positioning, valuation and risk factors in detail, and carefully review the Red Herring Prospectus (RHP) before making an informed investment decision.

Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified or endorsed by SEBI, NSE or BSE, can vary widely between trackers, and is not always accurate.

FAQs

What are the Pooja Logistics IPO dates, and when will it list?

Ans. The Pooja Logistics IPO opens for subscription on 23 September 2026 and closes on 25 September 2026. The allotment is expected to be finalised on 28 September 2026, and the shares are tentatively scheduled to list on the SME platform of NSE around 30 September 2026.

What is the price band and minimum investment for the Pooja Logistics IPO?

Ans. The price band for the Pooja Logistics IPO is set at Rs 109 to Rs 115 per equity share, with a lot size of 1,200 shares. Individual investors must apply for a minimum of 2 lots, or 2,400 shares, requiring an investment of Rs 2,76,000 at the upper price band.

What does Pooja Logistics Limited actually do?

Ans. Pooja Logistics provides temperature-controlled logistics services for transporting perishable goods across India using a fleet of GPS-enabled refrigerated trucks, known as reefers. As of 31 March 2026, the company operated an in-house fleet of over 424 such vehicles, capable of maintaining both frozen and chilled temperature ranges, serving clients across confectionery and bakery, dairy, quick-service restaurants, pharmaceuticals and e-commerce sectors.

Is the Pooja Logistics IPO a fresh issue or does it include an offer for sale?

Ans. The entire Rs 44.23 crore Pooja Logistics IPO is structured as a fresh issue, with no offer for sale component. This means, subject to issue expenses, all proceeds raised will flow into the company to fund fleet expansion and other stated objects rather than providing an exit for existing shareholders.

How will Pooja Logistics use the proceeds from its fresh issue?

Ans. The company plans to use the fresh issue proceeds primarily for the purchase of vehicles, referred to as goods carriages, to expand its refrigerated fleet beyond its current base of over 424 vehicles. The remaining proceeds are earmarked for public issue related expenses and general corporate purposes.

What are the key strengths highlighted for the Pooja Logistics IPO?

Ans. Pooja Logistics has built an established, in-house fleet of over 424 GPS-enabled refrigerated vehicles as of March 2026, giving it direct operational control over its cold-chain transportation activities. The company serves a diversified client base spanning confectionery and bakery, dairy, quick-service restaurants, pharmaceuticals and e-commerce sectors, and its fleet capabilities covering both frozen and chilled temperature ranges support a broad service offering across perishable goods categories.

What are the main risks or concerns flagged for the Pooja Logistics IPO?

Ans. Cold-chain logistics is a capital-intensive business that requires continuous investment in specialised refrigerated vehicles to maintain and expand fleet capacity, and the business is exposed to fuel price volatility, which can directly affect operating margins for a fleet-heavy operator. Detailed multi-year revenue and profit figures were not fully available in the sources used for this review, so investors should study the complete financial statements in the RHP, and as with any SME stock, post-listing liquidity may be limited.

Who are the lead manager and registrar for the Pooja Logistics IPO?

Ans. Share India Capital Services Pvt. Ltd. is the book-running lead manager for the Pooja Logistics IPO, responsible for structuring and managing the offer process. Maashitla Securities Pvt. Ltd. is the registrar to the issue and will handle the allotment process and crediting of shares to successful applicants' demat accounts.

Is the Pooja Logistics IPO a good investment?

Ans. Pooja Logistics offers exposure to an established, fleet-owning cold-chain logistics provider with a diversified client base across several perishable-goods industries, which may interest investors comfortable with SME-scale logistics businesses. At the same time, the capital-intensive nature of fleet-based logistics and limited publicly available financial detail mean investors should study the RHP closely. As always, assess your own risk appetite before applying.