Pooja Logistics Ltd IPO
Logistics
Price Band
₹109 – ₹115
Lot Size
1200
Minimum Bid Quantity
2400
Minimum Investment
₹276000
Issue Size
₹44.23Cr
Opens
2026-09-23
Closes
2026-09-25
Listing
30-09-2026
Subscription Status
Qualified Institutional Buyers
2.5 x
Non-Institutional Investor
3.79 x
Retail Individual Investor
2.73 x
Total
2.89 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE1C2Q01017
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Pooja Logistics Limited is a logistics company that provides temperature-controlled transportation services for perishable goods across India through refrigerated trucks. The company provides cold chain logistics services to clients in the confectionery, dairy and dairy products, quick-service restaurant (QSR), pharmaceutical, and e-commerce sectors. Its services include pickup of goods from clients’ warehouses, temperature-monitored transportation, and delivery at designated destinations. The company operated an in-house fleet of over 424 GPS-enabled refrigerated vehicles as of March 31, 2026, with different sizes and capacities. It generally operates on a trip-to-trip model based on customer requirements. Its operations use GPS tracking, vehicle movement reports, and driver and truck management systems to monitor vehicle movement, shipment status, and temperature levels during transportation. The company has also obtained certifications from FSSAI for facilitating the delivery of perishable goods.
Pros
- • The company operates an owned fleet of 424 refrigerated vehicles as of March 31, 2026. The fleet includes small, light commercial and heavy commercial vehicles, with capacities ranging from up to 1 tonne to over 2 tonnes, and includes single- and multi-compartment reefers.
- • The company’s owned fleet contributed 67.63% of its revenue from operations in FY26. Revenue from owned vehicles increased from Rs 95.90 crore in FY24 to Rs 112.07 crore in FY26, while the number of owned vehicles increased from 361 to 424 during the same period.
- • The company provides temperature-controlled logistics services across more than 26 states in India. In FY26, 99.99% of its revenue came from domestic operations, while the remaining 0.01% came from services provided in Nepal.
Cons
- • The company had contingent liabilities of Rs 27.15 crore as of March 31, 2026, compared with Rs 13.64 crore as of March 31, 2025. Any adverse outcome or materialisation of these liabilities could affect the company’s financial position, results of operations and cash flows.
- • The company is dependent on a limited number of customers, with its top 10 customers contributing Rs 112.92 crore (68.15%) of revenue from operations in FY26, compared with Rs 112.39 crore (75.55%) in FY25 and Rs 100.99 crore (81.61%) in FY24. Any loss of key customers, reduction in business volumes, slowdown, regulatory change, or supply chain disruption in the FMCG industry could adversely affect the company’s business, results of operations, cash flows, and financial condition.
- • The company’s revenue is highly concentrated in the FMCG industry, which contributed Rs 157.54 crore (95.07%) of revenue from operations in FY26, compared with Rs 142.60 crore (95.85%) in FY25 and Rs 90.00 crore (72.73%) in FY24. Any slowdown or downturn in the FMCG industry, adverse regulatory changes, or changes in demand for the goods the company transports could reduce business volume and adversely affect its financial condition and operating results.
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