Pooja Logistics IPO
Grey Market Premium (GMP)
GMP applies before listing only. This IPO has listed — see Listing Performance below for the actual debut.
Subscription Status
| Category | Subscription |
|---|---|
| QIB | 2.5x |
| NII | 4.87x |
| sNII (₹2L–₹10L) | 4.36x |
| bNII (above ₹10L) | 5.13x |
| Retail (RII) | 2.86x |
| Total | 3.11x |
Bidding day 3 · final figures at close of bidding: 30 Sept 2026, 6:30 pm IST
IPO Details
- Open Date
- 23 Sept 2026
- Close Date
- 25 Sept 2026
- Listing Date
- 30 Sept 2026
- Face Value
- ₹10
- Fresh Issue
- ₹41.95 Cr
- OFS
- ₹0 Cr
- Listing On
- NSE
- Registrar
- Maashitla Securities
The fresh issue is money for the company; the OFS goes to selling shareholders. Fresh issue vs offer for sale, explained
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,76,000 |
| HNI (Min) | 3 | 3,600 | ₹4,14,000 |
Issue Reservation
| Investor category | Shares offered | % of issue |
|---|---|---|
| Anchor | 10,62,000 | 29.11% |
| QIB (ex-anchor) | 7,14,000 | 19.57% |
| NII | 5,40,000 | 14.8% |
| — sNII (< ₹10L) | 1,80,000 | 4.93% |
| — bNII (> ₹10L) | 3,60,000 | 9.87% |
| Retail | 12,60,000 | 34.54% |
| Employee | 72,000 | 1.97% |
| Total | 36,48,000 | 100% |
The anchor portion is carved out of the QIB quota. Percentages are of the total shares offered.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 125.14 | 5.73 | 19.13 | 14.83 | 59.78 | 31.03 | — |
| FY 2025 | 150.49 | 11.02 | 23.09 | 25.85 | 70.06 | 29 | 11.82 |
| FY 2026 | 167.77 | 12.34 | 27.3 | 42.31 | 98.13 | 39.21 | — |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- P/E (pre-issue)
- 9.73x
- P/E (post-issue)
- 13.31x
- RoNW
- 54.2%
- RoCE
- 34.47%
- Debt / Equity
- 1.12
- EPS (pre-issue)
- ₹11.82
- EPS (post-issue)
- ₹8.64
- EBITDA Margin
- 15.52%
- PAT Margin
- 7.41%
- P/BV
- 4.45x
- NAV / share
- ₹25.85
- Market Cap
- ₹164.27 Cr
As of 31 Mar 2025 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| Purchase of Vehicles | ₹33.97 Cr |
| General Corporate Purposes | ₹4.69 Cr |
| Public Issue Expenses | ₹5.56 Cr |
Net-proceeds utilisation as disclosed in the offer document.
Issue Expenses
| Purpose | Est. Amount |
|---|---|
| Book Running Lead Manager Fee | ₹0.6 Cr |
| Underwriting Commission | ₹2.21 Cr |
| Fees payable to Market Makers to the Issue | ₹0.2 Cr |
| Marketing and selling commission | ₹2.19 Cr |
| Fees payable to the Registrar to the Issue | ₹0.01 Cr |
| Fees payable for Advertising, Marketing and Publishing Expenses etc | ₹0.16 Cr |
| Fees Payable to Regulators including Stock Exchanges | ₹0.04 Cr |
| Fees Payable to Depositories – CDSL & NSDL | ₹0.03 Cr |
| Payment for Printing & Stationery, Postage, etc | ₹0.01 Cr |
| Fees Payable to Statutory Auditor, Legal Advisors, Peer Review Auditor, and other professionals | ₹0.1 Cr |
| Other Expense including Processing fees of the Banker to the Issue, commission and brokerage payable to the SCSB Syndicate, RTA, CDPs and SCSBs, listing related out of pocket expenses, and Miscellaneous Expenses | ₹0.01 Cr |
Promoters & Shareholding
Promoters: <p>Deepak Khanna, Anu Khanna</p>
- Holding (pre-issue)
- 93.68%
- Holding (post-issue)
- 68.45%
- Dilution
- 25.23%
Documents
Anchor Investors
| Investor | Category | Shares | Price | Amount ₹Cr | Allocation |
|---|---|---|---|---|---|
| AARTH AIF GROWTH FUND | Other | 2,71,200 | ₹115 | 3.12 | 25.54% |
| LONGTHRIVE CAPITAL VCC-TRENDVIEW CAPITAL FUND | Other | 1,74,000 | ₹115 | 2 | 16.38% |
| KINGSMAN WEALTH FUND PCC-KIF II | Other | 1,35,600 | ₹115 | 1.56 | 12.77% |
| NAVBHARAT INVESTMENT TRUST-NAVBHARAT INVESTMENT OPPORTUNITIES FUND | Other | 1,30,800 | ₹115 | 1.5 | 12.32% |
| PNAM MULTI OPPORTUNITIES FUND I | Other | 87,600 | ₹115 | 1.01 | 8.25% |
| JALAN CHEMICAL INDUSTRIES PVT.LTD. | Other | 87,600 | ₹115 | 1.01 | 8.25% |
| VENUS INVESTMENTS VCC-VENUS STELLAR FUND | Other | 87,600 | ₹115 | 1.01 | 8.25% |
| SAINT CAPITAL FUND | Other | 87,600 | ₹115 | 1.01 | 8.25% |
Anchor bidding took place on 22 Sept 2026. Anchor lock-in: 50% of shares unlock on 28 Oct 2026, the remainder on 27 Dec 2026.
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | P/BV | Statements |
|---|---|---|---|---|---|---|
| Pooja Logistics | 12 | 41.14 | 10.89x | 54.2% | 2.8x | Consolidated |
| Avg Logistics Ltd. | 17.38 | 180.09 | 11.93x | — | — | — |
| Premier Roadlines Ltd. | 6.02 | 45 | 6.94x | — | — | — |
Peer group as disclosed in the offer document, figures as of 31 Mar 2026. The issuer’s P/E is computed at the upper price band.
Lead Managers (BRLMs)
Tap a lead manager to see every IPO it has run and how those listings fared.
Listing Performance
About the Pooja Logistics IPO
The Pooja Logistics SME IPO runs from 23 Sept 2026 to 25 Sept 2026, offered at a price band of ₹109–115 per share, and is set to list on NSE. The company is looking to raise ₹44.23 crore through the offer. Retail investors bid in lots of 1200 shares, a minimum application of ₹2,76,000.
Issue structure
The IPO is structured entirely as a fresh issue of ₹41.95 crore, so the full proceeds flow to the company to fund its stated objects of the issue.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward purchase of vehicles (₹33.97 crore), alongside public issue expenses (₹5.56 crore). In all, 3 objects are disclosed — the full break-up is in the table above.
Financials
In FY2026, Pooja Logistics reported revenue of ₹167.77 crore and a net profit of ₹12.34 crore. Revenue grew from ₹125.14 crore in FY2024 to ₹167.77 crore in FY2026 (+34.0%). Net worth stood at ₹42.31 crore at the end of FY2026.
Valuation
At the upper band, the issue is priced at 13.31× post-issue earnings and 4.45× book value, against a return on net worth of 54.2% and a debt-to-equity ratio of 1.12. These ratios come from the offer document and are for comparison, not a recommendation.
Peer comparison
The offer document names listed peers including Avg Logistics Ltd. and Premier Roadlines Ltd., with a median peer P/E of about 9.4×. The issue's own post-issue P/E works out to 13.31×.
Promoters
The promoters of the company are <p>Deepak Khanna, Anu Khanna</p>. Promoter holding stands at 93.68% before the issue and comes down to 68.45% after listing.
Grey market premium (GMP)
In the unofficial grey market, Pooja Logistics shares are quoted at a premium of ₹0 implying an expected listing around ₹115, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.
Subscription
The Pooja Logistics IPO was subscribed 3.11 times overall. The strongest demand came from non-institutional investors (NII) at 4.87 times, with qualified institutional buyers (QIB) at 2.5× and retail investors at 2.86×.
Listing performance
Pooja Logistics listed on 30 Sept 2026 at ₹118, a premium of +2.6% over the issue price of ₹115.
What to weigh
When evaluating the Pooja Logistics IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About Pooja Logistics
Incorporated in 2011, Pooja Logistics Ltd. is engaged in providing temperature-controlled logistics services for the transportation of perishable goods across India through refrigerated trucks (“reefers”). The company offers cold chain logistics services to a range of industries. Their in-house fleet as on 31st August, 2025 comprises over 357 GPS-enabled vehicles dedicated to the transportation of temperature-sensitive goods. Services: Confectionery and Bakery Dairy and Dairy Products Quick Service Restaurants (QSRs) Pharmaceuticals and Healthcare E-commerce and Retail Competitve Strengths: Owned Refrigerated Vehicle Fleet Long-standing Relationship with Key Customers Geographic Reach of the Company Organizational stability along with Promoter’s experience
Pooja Logistics — Contact Details
- Registered office
- 4 - Community Centre,, Industrial Area Lawrence Road, Delhi, New Delhi, 110035
- Phone
- +91-9220607703
- Website
- poojalogistics.in/
- Registrar (IPO queries)
- investor.ipo@maashitla.com
Frequently asked questions
- What is the Pooja Logistics IPO price band?
- The Pooja Logistics IPO price band is ₹109 to ₹115 per share, with a lot size of 1200 shares.
- What was the Pooja Logistics IPO GMP before listing?
- The final grey market premium recorded before the Pooja Logistics IPO listed was ₹0. The IPO listed on 30 Sept 2026 at ₹118, +2.6% against the issue price. GMP is an unofficial figure and was never a guarantee of the listing price.
- When does the Pooja Logistics IPO open and close?
- The Pooja Logistics IPO opens on 23 Sept 2026 and closes on 25 Sept 2026.
- When is the Pooja Logistics IPO allotment and listing date?
- Allotment is expected on 28 Sept 2026. The shares are scheduled to list on 30 Sept 2026 on NSE.
- How many times was the Pooja Logistics IPO subscribed?
- The Pooja Logistics IPO was subscribed 3.11 times in total across all investor categories.
- What is the reservation split in the Pooja Logistics IPO?
- Of the total shares offered, retail investors get 34.54%, QIBs 19.57% (plus 29.11% anchor), non-institutional investors 14.8%. The full category-wise break-up is in the Issue Reservation table on this page.
- Who are the promoters of Pooja Logistics and what is their holding?
- The promoters are <p>Deepak Khanna, Anu Khanna</p>. Promoter holding is 93.68% before the issue and 68.45% after listing.
- What is the P/E ratio of the Pooja Logistics IPO?
- At the upper price band, the Pooja Logistics IPO is valued at 9.73× pre-issue earnings and 13.31× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Pooja Logistics IPO?
- The net proceeds go primarily toward purchase of vehicles, among 3 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the Pooja Logistics IPO?
- The book-running lead manager is Share India Capital Services Pvt.Ltd.. Maashitla Securities is the registrar to the issue.
- Is Pooja Logistics a Mainboard or SME IPO?
- Pooja Logistics is an SME IPO, listing on NSE (SME platform).