Pooja Logistics SME IPO
Pooja Logistics IPO — date, price band, GMP & allotment 2026
Pooja Logistics Ltd provides temperature-controlled logistics across India, carrying perishable goods in its own fleet of refrigerated trucks. As on 31 August 2025 it ran more than 357 GPS-enabled reefer vehicles serving confectionery and bakery, dairy, quick service restaurants, pharmaceuticals and e-commerce customers.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 18 September.
- Open 23 Sep 2026
- Close 25 Sep 2026
- Allotment 28 Sep 2026
- Refund/credit 29 Sep 2026
- Listing 30 Sep 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 25 Sep, 2026 |
|---|---|
| Price Band | ₹109 – ₹115 |
| Face Value | ₹10 |
| Lot Size | 1200 Shares |
| Issue Size | ₹44.23 Cr |
| Sale Type | Fresh capital only |
| Listing On | NSE SME |
| Registrar | Maashitla Securities Private Limited |
| Min Investment | ₹ 2,76,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1200 shares at the ₹115 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,400 | ₹2,76,000 |
| Retail (max) | 2 | 2,400 | ₹2,76,000 |
| HNI (min) | 3 | 3,600 | ₹4,14,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 8
- 01Profit nearly doubled in FY2025, from Rs 5.73 crore to Rs 11.02 crore.
- 02Sales grew from Rs 125.14 crore in FY2024 to Rs 150.49 crore in FY2025.
- 03EBITDA improved from Rs 19.13 crore to Rs 23.09 crore over the same period.
- 04Return ratios are very strong, with RoNW of 54.20% and RoCE of 34.47%.
- 05The issue is priced at about 14.9 times earnings on an EPS of Rs 7.72.
- 06It owns its fleet of more than 357 GPS-enabled reefer vehicles rather than hiring in capacity, which gives control over service quality.
- 07It serves five different customer industries, from dairy and bakery to pharmaceuticals and e-commerce, so it is not dependent on one sector.
- 08Cold chain demand is supported by the growth of quick commerce, packaged dairy and pharmaceutical distribution.
Risks · 9
- 01Only two years of financial data are available and the latest is FY2025, ending 31 March 2025. There is no FY2026 figure for an issue opening in September 2026.
- 02The objects of the issue carry no amounts in the data available to us. They are listed only as purchase of vehicles and general corporate purposes, so how the Rs 44.23 crore will be split is not visible from here and must be read in the RHP.
- 03This is a capital heavy business. Reefer trucks are costly, wear out and need continuous replacement, so spending does not stop after this issue.
- 04Borrowing of Rs 29.00 crore is high against a net worth of Rs 25.85 crore, a debt to equity ratio of 1.12.
- 05Diesel and driver costs are the main expenses and both move outside the company's control.
- 06Cold chain work carries real liability. A refrigeration failure does not just delay a consignment, it destroys it, and the carrier bears that risk.
- 07Logistics customers usually work on annual rate contracts, so pricing is renegotiated regularly and margin can be squeezed.
- 08Promoter holding will come down from 93.68% to 68.45% after the issue.
- 09This is an SME issue. One lot is 1,200 shares, which is about Rs 1.38 lakh at the upper band of Rs 115, and SME shares usually trade in low volume after listing.
The numbers
All figures in ₹ crore, as reported in the Pooja Logistics offer document.
| Metric | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|
| Assets | 70.06 | 59.78 |
| Total Income | 150.49 | 125.14 |
| Profit After Tax | 11.02 | 5.73 |
| EBITDA | 23.09 | 19.13 |
| NET Worth | 25.85 | 14.83 |
| Reserves and Surplus | 15.85 | 14.73 |
| Total Borrowing | 29.00 | 31.03 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Pooja Logistics RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Pooja Logistics IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹10.56 | ₹7.72 |
| P/E Ratio (x) | 10.89 | 14.90 |
| Market Cap at Offer Price (₹ Cr) | ₹120.01 | ₹164.27 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹115 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
About the company
Its fleet is its own rather than hired. As on 31 August 2025 it ran more than 357 GPS-enabled vehicles dedicated to carrying temperature sensitive goods, with the tracking letting both the company and its customers see where a consignment is and that the temperature has held.
Its customers come from five main areas. Confectionery and bakery, dairy and dairy products, quick service restaurants, pharmaceuticals and healthcare, and e-commerce and retail. These are industries where a break in the cold chain does not merely delay a delivery but destroys the goods, which is why the work tends to stay with operators who can prove reliability.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
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The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Share India Capital Services Private Limited
4 issues handled (1 mainboard, 3 SME)Best listing: Oneindig Technologies (+25.0%). Weakest: GRE Renew Enertech (-8.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Pooja Logistics?
The current Grey Market Premium is ₹0.
What is the Pooja Logistics IPO price band?
₹109 to ₹115, on a face value of ₹10.
When is the allotment?
The basis of allotment is 28 September 2026, with listing on 30 September 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Maashitla Securities Private Limited.
Get ready before the book opens.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
