SME

IPO ·

NSE Emerge

Pooja Logistics Ltd

Listed

Cold-chain logistics operator moving perishables across India with a fleet of 400+ refrigerated trucks.

Issue details

Price band

₹109 – ₹115

Face value

₹10

Lot size

1,200 shares

Minimum investment

₹2,76,000

Issue size

₹44.23 Cr

Fresh issue

₹44.23 Cr

Offer for sale

—

Issue type

Book Built

Exchange

NSE Emerge

Key dates

Opens

23 Sep 2026

Closes

25 Sep 2026

UPI mandate cut-off

5:00 PM on 25 Sep 2026

Allotment

28 Sep 2026

Refunds

29 Sep 2026

Shares in demat

29 Sep 2026

Listing

30 Sep 2026

Subscription and listing

Subscription

2.61x

Listing price

₹118

Registrar

Maashitla Securities Pvt Ltd

Lead manager

Share India Capital Services Pvt Ltd

Subscription by category

Total

2.61x

Total applications

1,941

Anchor investors

Amount raised

₹12.21 Cr

Bid date

22 Sep 2026

50% lock-in ends

28 Oct 2026

Rest lock-in ends

27 Dec 2026

Listing day

Issue price

₹115

Open

₹118.00

High

₹123.90

Low

₹118.00

Day close

₹123.90

Listing gain at open

+2.61%

Issue structure

Shares reserved per category and share of the total issue

QIB

17,76,000

46.18%

Anchor Investor

10,62,000

27.61%

QIB (Ex. Anchor)

7,14,000

18.56%

NII

5,40,000

14.04%

bNII > ₹10L

3,60,000

9.36%

sNII < ₹10L

1,80,000

4.68%

Retail

12,60,000

32.76%

Employee

72,000

1.87%

Market Maker

1,98,000

5.15%

Total

38,46,000

100.00%

Finaccle’s quick read

Neutral

Income up about 11% and PAT up about 12% in FY26 with post-issue P/E of 13.31 on a fully fresh issue, but debt/equity is 1.12 and growth has slowed after a PAT jump from ₹5.73 Cr in FY24.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Pooja Logistics runs temperature-controlled road transport for perishable goods using its own fleet of over 424 GPS-tracked refrigerated trucks. Its customers come from confectionery and bakery, dairy, quick-service restaurants, pharma and e-commerce. The company has about 101 employees and earned about ₹168 Cr in FY26.

Founded

2011

2011

Promoters

Deepak Khanna, Anu Khanna

Deepak Khanna, Anu Khanna

Products and segments

Cold-chain (reefer) transport for confectionery & bakery, dairy, QSR, pharma & healthcare, e-commerce & retail

Cold-chain (reefer) transport for confectionery & bakery, dairy, QSR, pharma & healthcare, e-commerce & retail

Promoter holding

93.68% pre-issue; 68.45% post-issue

93.68% pre-issue; 68.45% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

167.77

167.77

27.30

12.34

12.34

42.31

39.21

39.21

98.13

FY25

FY25

150.49

150.49

23.09

11.02

11.02

25.85

29.00

29.00

70.06

FY24

FY24

125.14

125.14

19.13

5.73

5.73

14.83

31.03

31.03

59.78

ROE

54.20%

ROCE

34.47%

Debt / equity

1.12

PAT margin

7.41%

P/E post issue

13.31

Market cap

₹164.27 Cr

Use of IPO money

Purchase of vehicles

₹33.97 Cr

General corporate purposes

₹4.69 Cr

Issue expenses

₹5.56 Cr

Strengths

✓

Owned fleet of over 424 refrigerated vehicles

✓

Diverse end markets including dairy, QSR and pharma

✓

Healthy EBITDA margin of about 15.5%

✓

Post-issue P/E of 13.31 is reasonable

✓

Entire issue is fresh, mostly for new vehicles

Risks to watch

!

Debt/equity of 1.12 in a capital-heavy fleet business

!

Growth slowed to about 11% income and 12% PAT in FY26

!

PAT nearly doubled from FY24 to FY25

!

Fuel cost and freight rate exposure

!

Small revenue base

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.