In Progress
Valuation
Market Cap
₹164.27 Cr
P/E Ratio
9.58x
P/B Ratio
2.84x
Pooja Logistics IPO Dates
Open
Close
Allotment
Refunds
Credit
Listing
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
Pooja Logistics Limited provides temperature-controlled logistics services for transporting perishable goods across India using refrigerated trucks (reefers). Incorporated in 2011, it serves clients in confectionery, dairy products, quick-service restaurants, pharmaceuticals and e-commerce, with FMCG contributing over 95% of FY26 revenue. Its in-house fleet, as on March 31, 2026, comprises over 424 GPS-enabled refrigerated vehicles, supplemented by third-party hired vehicles on a trip-to-trip model. GPS tracking, vehicle movement reports and driver/truck management systems support real-time temperature monitoring. Operations are concentrated in Delhi, Haryana, Maharashtra and Uttar Pradesh, with services across 26+ states.
Lots & IPO Size
Pooja Logistics IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 2,400 | ₹2,76,000 |
| Ind (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 |
Market Maker
₹1.98 L
Employee
₹72,000.00
Shareholder
₹0.00
Pooja Logistics IPO Size
Total
₹44 Cr
Fresh Issue
₹44 Cr
(0.38 Cr
Shares)
Offer For Sale
₹0
(0.00
Shares)
Objects of the Issue
Purchase of Vehicles
General Corporate Purposes & Issue Expenses
Total
Key Risk Factors
The Company's contingent liabilities, including a GST demand of Rs.2,700.84 lakhs, may adversely affect its financial position, operations and cash flows if they materialise.
Key Risk Factors
The Company's contingent liabilities, including a GST demand of Rs.2,700.84 lakhs, may adversely affect its financial position, operations and cash flows if they materialise.
The Company depends heavily on a limited number of customers, with its top customer contributing 27.69% of FY26 revenue, and is highly dependent on the FMCG industry (95.07% of revenue).
The Company's reliance on the FMCG and logistics & supply chain industries for the bulk of its revenue exposes it to adverse effects from any downturn in these sectors.
The Company's operations are geographically concentrated in Delhi, Haryana, Maharashtra and Uttar Pradesh, exposing it to region-specific adverse developments.
The Company, Promoters and Directors are party to certain legal proceedings, including tax matters aggregating Rs.2,714.94 lakhs against the Company, which could adversely affect it.
The Company does not own its registered office, branch office, storehouse or warehouses, and operates from leased premises, exposing it to risks of non-renewal or disputes.
The Company's FY2025 audited financial statements and auditor's report were issued by its current statutory auditor following a change of auditors in May 2025.
The Restated Financial Statements were prepared by a peer-reviewed chartered accountant firm that is not the Company's statutory auditor.
The Company has incurred substantial indebtedness, with total debt of Rs.3,921.36 lakhs as of March 31, 2026, exposing it to risks that could affect its business.
The Company has in the past entered into related party transactions and may continue to do so, which could adversely affect its financial condition and results of operations.
Pooja Logistics IPO Details Live GMP
GMP
₹0
Est. Price
₹115
Est. Gain
0.00%
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 20 Sep | ₹0 (0%) | ₹115 |
| 19 Sep | ₹0 (0%) | ₹115 |
| 18 Sep | ₹0 (0%) | ₹115 |
Pooja Logistics IPO Peer Comparison
(Rs. in crores)
| Particulars | Pooja Logistics | AVG Logistics | Premier Roadlines |
|---|---|---|---|
| Revenue | 165.70 | 557.41 | 332.07 |
| PAT | 12.34 | 26.17 | 13.76 |
| EPS (₹) | 12.00 | 17.38 | 6.02 |
| NAV (₹) | 41.14 | 180.09 | 45.00 |
| RONW | 36.21% | 10.11% | 14.34% |
| EBITDA | 16.48% | 19.48% | 7.58% |
| PAT Mrgn | 7.45% | 4.70% | 4.14% |
| PE Ratio | 9.58 | 11.93 | 6.94 |
| Debt to Equity | 0.93 | 0.67 | 0.54 |
All information pertains to FY 2025-26. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 15, 2026 for Peers
Pooja Logistics IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 165.70 | 148.77 | 123.75 |
| Profit | 12.34 | 11.02 | 5.73 |
| Net Worth | 42.31 | 25.85 | 14.83 |
| Borrowings | 39.21 | 29.00 | 31.03 |
| Assets | 98.13 | 70.06 | 59.78 |
| NAV (₹) | 40.53 | 25.85 | 14.83 |
| EPS (₹) | 12.00 | 11.02 | 5.73 |
Key Performance Indicators (KPIs)
Debt to Equity
0.93
All the data pertains to FY 2025-26. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Pooja Logistics IPO Financial Statements
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue from Ops | 165.70 | 148.77 | 123.75 |
| Other Income | 2.07 | 1.71 | 1.39 |
| Total Income | 167.77 | 150.49 | 125.14 |
| Operating Expenses | 122.43 | 107.24 | 83.14 |
| Employee Expense | 6.66 | 10.43 | 13.02 |
| Finance Costs | 2.90 | 2.15 | 2.62 |
| Depreciation | 10.13 | 8.02 | 10.35 |
| Other Expenses | 9.31 | 8.01 | 8.46 |
| Total Expenses | 151.44 | 135.85 | 117.59 |
| Profit Before Tax | 16.33 | 14.64 | 7.55 |
| Tax Expense | 3.99 | 3.61 | 1.82 |
| Profit After Tax | 12.34 | 11.02 | 5.73 |
| EPS — Basic (₹) | 12.00 | 11.02 | 5.73 |
| EPS — Diluted (₹) | 12.00 | 11.02 | 5.73 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Equity Share Capital | 10.44 | 10.00 | 0.10 |
| Reserves & Surplus | 31.87 | 15.85 | 14.73 |
| Total Equity | 42.31 | 25.85 | 14.83 |
| Total Borrowings | 39.21 | 29.00 | 31.03 |
| Trade Payables | 7.73 | 8.72 | 7.70 |
| Other Liabilities | 8.88 | 6.49 | 6.23 |
| Total Equity & Liab | 98.13 | 70.06 | 59.78 |
| Fixed Assets | 29.88 | 17.97 | 20.05 |
| Current Investments | 7.97 | 13.31 | 14.60 |
| Short-term Loans & Adv | 8.07 | 3.37 | 0.49 |
| Other Current Assets | 16.32 | 5.50 | 4.69 |
| Trade Receivables | 30.42 | 22.94 | 18.11 |
| Cash & Bank Balances | 4.11 | 5.73 | 0.73 |
| Other Assets | 1.36 | 1.24 | 1.13 |
| Total Assets | 98.13 | 70.05 | 59.78 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Cash Flow from Operating Activities | 3.19 | 13.93 | 13.08 |
| Cash Flow from Investing Activities | -16.30 | -4.82 | -15.85 |
| Cash Flow from Financing Activities | 11.49 | -4.11 | -0.30 |
| Net Change in Cash & Equivalents | -1.62 | 5.00 | -3.08 |
| Cash & Equivalents at End of Period | 4.11 | 5.73 | 0.73 |
Promoter Holding
Promoter
93.68%
Public
6.32%
Deepak Khanna
82.87%
Anu Khanna
4.79%
Vijay Kumar Khanna
5.87%
Others
0.15%
Management
Deepak Khanna
Age: 44
MD
Remuneration
₹Up to Rs.5,00,000 p.m. (basic + allowances), approved for 5 years w.e.f. 14-Jan-2025
Education
12th Pass
Prior Experience
14+ years in logistics & cold-chain industry; Promoter-Director since incorporation in Dec 2011 (first & only employment).
Ajay Rajpal
Age: 49
CFO
Remuneration
₹Rs.12.00 Lakh p.a. (FY26 paid)
Education
Chartered Accountant (ICAI, 1999); B.Com, University of Delhi (1999)
Prior Experience
26+ years; independent CA practice in income tax, sales tax & GST (2000-2024) before joining as CFO in March 2025.
Manish Pasricha
Age: 44
COO
Remuneration
₹Rs.35.35 Lakh p.a. (FY26 paid)
Education
MBA
Prior Experience
10+ years in business development; previously at Radha Krishna Foodland Pvt Ltd; joined as COO in May 2025.
Ashutosh Shrivastava
Age: 40
Business Head
Remuneration
₹Rs.21.75 Lakh p.a. (FY26 paid)
Education
MBA (Marketing)
Prior Experience
15+ years; previously at Akon Infotech; associated with the Company since 2019.
Registrar & Lead Managers
Registrar
Maashitla Securities
Lead Managers (1)
Company Details
Name: Pooja Logistics Limited
Address: 4 - Community Centre, Industrial Area Lawrence Road- 110035, Delhi, India.
Number: +91-9220607703
Email: cs.legal@poojalogistics.in
Website: https://poojalogistics.in
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Frequently Asked Questions (FAQs)
What is Pooja Logistics IPO?
Pooja Logistics IPO is a SME IPO having an issue size of
₹44 Crs.
Pooja Logistics IPO is priced at
₹109 - ₹115 per
share.
The
issue opens on 23 Sep 26
and
closes on 25 Sep 26.
When will Pooja Logistics IPO open?
Pooja Logistics IPO opens on
23 Sep 26 and closes on
25 Sep 26.
What is the GMP of Pooja Logistics IPO?
The estimated Grey Market Premium of Pooja Logistics IPO is
₹0 per share (0.00%).
What is the lot size of Pooja Logistics IPO?
The minimum lot size of Pooja Logistics IPO is
1200 shares & the minimum application amount
is
Rs.
138000.
When is the allotment of Pooja Logistics IPO?
The allotment date of Pooja Logistics IPO is
28 Sep 26.
What is the listing date of Pooja Logistics IPO?
The listing date of Pooja Logistics IPO is
30 Sep 26.
What is the subscription of Pooja Logistics IPO?
Pooja Logistics IPO is subscribed
-.
What is the price band of Pooja Logistics IPO?
Pooja Logistics IPO is priced at
₹109 - ₹115 per
share.
How to check allotment status of Pooja Logistics IPO?
Click the allotment link on Pooja Logistics IPO page of IPO360.
How to apply Pooja Logistics IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Pooja Logistics IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Pooja Logistics IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Pooja Logistics IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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