Pooja Logistics IPO

₹2,76,000 / 2 lots

RHP/DRHP

Issue Date

23 Sep - 25 Sep'26

Price Band

₹109 - ₹115

Lot Size

2400 Shares

IPO Size

₹41.92 - ₹44.23 Cr

Listing At

-

Schedule of Pooja Logistics IPO

IPO Open Date

23/09/2026

IPO Close Date

25/09/2026

Basis of Allotment

Refund Initiation

Credit of Shares

Listing on exchange

The Pooja Logistics IPO opens on TBA and closes on TBA. The allotment of shares will take place on TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA. The listing of shares will take place on TBA.

The offer consists of a fresh issue component. The fresh issue will include up to 38,46,000 equity shares of the face value of ₹10 each aggregating up to ₹ [-] crores. The total number of shares is up to 38,46,000 while the aggregate amount is yet to be finalised.

Pooja Logistics IPO’s price band is set at TBA to TBA per share. The lot size for an application is TBA. The minimum amount of investment required by a retail investor is ₹TBA (XX shares) (based on upper price). The minimum lot size investment for HNI is TBA.

Pooja Logistics owns and operates a fleet of more than 357 GPS-enabled refrigerated vehicles, which support direct operational oversight of transportation activities. The fleet includes both single-compartment and multi-compartment reefers, with load capacities ranging from approximately 5 tonnes to 20 tonnes, and is equipped to maintain temperatures suitable for frozen (−18°C to −10°C) and chilled (0°C to +4°C) storage.

  • Purchase of vehicles (“goods carriages”).
  • Public issue-related expenses.
  • General corporate purpose.

The India Cold Chain Logistics’ market size is estimated at USD 1,277 crores in 2025 and is expected to reach USD 2,031 crores by 2030, at a CAGR of 9.72% during the forecast period (2025-2030). India's cold chain logistics sector is undergoing a transformative phase, driven by substantial government support and private sector participation.

The food processing sector has attracted foreign direct investment (FDI) worth ₹50,000 crores in the last nine years, demonstrating strong investor confidence in the sector. The government has implemented various schemes for establishing cold storage facilities for perishable horticultural produce.

Pooja Logistics is engaged in providing temperature-controlled logistics services for the transportation of perishable goods across India through refrigerated trucks (“reefers”). Since its incorporation in 2011, they have been offering cold chain logistics services to a range of industries. Their in-house fleet as of 31st August 2025 comprises over 357 GPS-enabled vehicles dedicated to the transportation of temperature-sensitive goods.

They cater to clients operating in the confectionery, dairy and dairy products, quick-service restaurants (QSRs), pharmaceuticals, and e-commerce sectors. They transport temperature-sensitive consignments while maintaining operational systems designed to ensure compliance with applicable standards.

  • Owned refrigerated vehicle fleet.
  • Long-standing relationships with key customers.
  • Wide geographic reach of the company.
  • Organisational stability along with promoters’ experience.
  • Any slowdown, regulatory changes, supply chain disruptions, or other adverse developments in the FMCG industry.
  • Any adverse developments affecting their operations in the states of Delhi, Haryana, Maharashtra, and Uttar Pradesh.
  • Subjection to risks inherent in reefer logistics transportation, including potential liability to customers arising from accidents, damage, or loss of goods.
  • A loss of, or a significant decrease in services provided by their third-party vendors.
  • Changing laws, rules and regulations, and legal uncertainties in India applicable to their business.
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TBA

  • Registrar: Maashitla Securities Private Limited
  • Book Running Lead Managers: Share India Capital Services Private Limited

The company earns its revenue by providing temperature-controlled logistics services for the transportation of perishable goods across India through refrigerated trucks (“reefers”).

Pooja Logistics’ Total Income for FY25 was ₹150.486 crores, whereas in FY24 it was ₹125.142 crores.

The Profit After Tax for FY25 was ₹11.022 crores, whereas in FY24 it was ₹5.731 crores.

Their EBITDA for FY25 was ₹23.091 crores, whereas in FY24 it was ₹19.130 crores. During this period, the company has also acquired new customers, expanded service to existing customers, resulting in higher service volume, increased customer retention, and improved revenue realization.

Pooja Logistics’ services cover more than 26 states, serving clients across various segments of the Fast-Moving Consumer Goods (FMCG) sector, including pharmaceuticals, dairy and dairy products, confectionery, quick-service restaurants, and frozen meat. They continue to expand their geographic footprint in response to customer demand and operational considerations.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹150.486 crores, ₹11.022 crores, and ₹23.091 crores, respectively.

Note: () denotes negative

  • Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  • Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
  • Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  • Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  • Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.

The Pooja Logistics IPO opens for subscription from 23-09-2026 to 25-09-2026, with a total issue size of ₹41.92-₹44.23 Cr. The IPO price band is ₹109 to ₹115 per share with a lot size of 4800. The company aims to list the shares on BSE & NSE on [-].

The Pooja Logistics IPO will open for subscription on 23-09-2026 and will close on 25-09-2026 for investors.

The lot size of Pooja Logistics IPO is 4800 equity shares, requiring a minimum investment of ₹276000/2 Lots for retail investors applying in the IPO.

The price band of the Pooja Logistics IPO has been fixed at ₹109 to ₹115 per equity share.

You can apply for the Pooja Logistics IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

Pooja Logistics IPO allotment will take place on [-].

You can check the Pooja Logistics IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

Pooja Logistics shares will list on the stock exchanges on [-].

You can find detailed information about the Pooja Logistics IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).

Deepak Khanna is the Managing Director of Pooja Logistics.

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.