Pooja Logistics Ltd IPO
Status: Closed
Overview
IPO date
23 Sept 2026 to 25 Sept 2026
Face value
₹ 10 per share
Price
₹ 109 to ₹115 per share
Issue Size
3,846,000 shares
(aggregating up to ₹ 44.23 Cr)
(aggregating up to ₹ 44.23 Cr)
Allotment Date
28 Sept 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Logistics
Unlock Stock of the Month
T&C*
Strengths vs Risks of Pooja Logistics Ltd
Know the pros & cons
Strengths
- Strategic combination of in house and third party Vehicle Fleet along with its Safety for smooth operations and delivery.
- Supply Chain Efficiency.
- PAN India Transport.
- Diverse customer base across many sectors.
- Established presence and proven track record.
- Dedicated management team with significant industry experience.
Risks
- The company's contingent liabilities and commitments, if they materialise, may adversely affect its financial position, results of operations and cash flows.
- The company depends on a limited number of key customers for a majority of its revenues, which exposes the company to a high risk of customer concentration. Particularly, the company depends significantly on customers in the FMCG industries and are highly dependent on the performance of this industry. A decrease in the revenues the company derives from them could materially and adversely affect its business, results of operations, cash flows and financial condition.
- The company's reliance on particular industries for a significant portion of its sales could have an adverse effect on the company's business, results of operations and financial conditions.
- The company's business operations are significantly concentrated in certain geographical regions and the company generates major portion of turnover from these regions or nearby regions only. Any adverse developments affecting its operations in these regions could have an adverse impact on the company's revenue and results of operations.
- The Company, Promoters and Directors are party to certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render the company/ them liable to liabilities/ penalties/ prosecutions and may adversely affect its business and results of operations.
- The company does not own the registered office, branch offices and Storehouse & Warehouses from which its carry out the company's business activities. In case of nonrenewal of rent agreements or dispute in relation to uses of the said premise, the company's business and results of operations can be adversely affected.
- The company's audited financial statements and the auditor's report for Financial 2025 have been issued by the company's current Statutory Auditors.
- The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
- The company has incurred substantial indebtedness which exposes it to various risks which may have an adverse effect on the company's business and results of operations.
- The company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
- The company's inability to pass on any increase in operating expenses, particularly fuel costs and expenses relating to temperature-controlled operations, to its customers may adversely affect the company's business and results of operations.
- The company is subject to various risks associated with transportation and the company may faces claims relating to loss or damage to goods, personal injury claims or other operating risks that are not adequately insured.
- The company is in the process of registration of its logo, any failures to protect or enforce the company's rights to own or uses its trademark could have an adverse effect on the company's business and competitive positions. The Issuer Company has right to uses the trademark which is owned by its material wholly-owned subsidiary i.e. Truckit India Private Limited.
- The company fleet of vehicles may be subject to traffic challans and violations, which are incidental to the logistics business.
- The company is substantially and heavily dependent upon the services of its Promoters for the company's entire business. Further, its success depends largely upon the services of the company's Directors, Promoters and other Key Managerial Personnel and its ability to attract and retain them. Demand for key managerial personnel in the industry is intense and the company's inability to attract and retain key managerial, may affect the business and operations of the Company.
- The company has experienced delayed filings of certain e-forms under Companies Act, 2013 with Registrar of Companies which may attract penalties, fines and other regulatory actions.
- The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
- The company intends to utilise a portion of the Net Issue Proceeds for funding its Capital Expenditure for purchase of trucks and equipment. The company is yet to place orders for such equipment.
- There are certain delays noticed in some of the company's records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operates its business, and the failures to obtain, retain and renew such approvals and licenses in a timely manner or comply with such rules and regulations or at all may adversely affect the company operations.
- The company's business involves usage of manpower and any unavailability of its employees or any strikes, work stoppages may have an adverse impact on the company's cash flows and results of operations.
- The company depends significantly on its vendors to provide transport facilities. A loss of, or a significant decrease in services provided by the company's vendors could adversely affect its business and profitability.
- Some of the company's Key Managerial Personnel have been associated with the Company for less than one year, which may affect continuity of management and execution of business strategies.
- The company's success depends in large part upon its qualified personnel, including the company's senior management, directors and key personnel and its ability to attract and retain them when necessary.
- The Company's insurance coverage may not be adequate to cover all losses associated with its business operations.
- There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds and deployment of the issue is entirely at the discretion of the issuer.
- The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- The requirements of being a publicly listed company may strain its resources.
- Any investment in the Equity Shares is subject to general risk related to investments in Indian Companies.
- Any variation in the utilization of the Net Proceeds of the Issue as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders approval.
- The price of the company's Equity Shares may be volatile, or an active trading market for its Equity Shares may not develop.
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the NSE EMERGE in a timely manner or at all.
- Any future issuance of Equity Shares may dilute your shareholding and sale of the company's Equity Shares by its Promoters or other shareholders may adversely affect the trading price of the Equity Shares.
- There are restrictions on daily weekly monthly movement in the price of the equity shares, which may adversely affect the shareholder's ability to sell for the price at which it can sell, equity shares at a particular point in time.
- You may be subject to Indian taxes arising out of capital gains on the sale of the Equity Shares.
- Significant differences exist between Indian GAAP and other accounting principles, such as US GAAP and IFRS, which may be material to investors assessments of the Company's financial condition. Its failures to successfully adopt IFRS may have an adverse effect on the price of the company's Equity Shares. The proposed adoption of IFRS could result in its financial condition and results of operations appearing materially different than under Indian GAAP.
- Foreign investors are subject to foreign investment restrictions under Indian law that limits the company's ability to attract foreign investors, which may adversely impact the market price of the Equity Shares.
- Unfavorable Media Coverage or Negative Publicity of the company's Partners May Adversely Affect its Brand, Business, Financial Condition, Cash Flows, and Results of Operations.
- The company has not independently verified certain data in this Red Herring Prospectus.
- Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- If the company is unable to effectively utilise the purchased container space and truck capacity, its business, results of operations and financial condition may be adversely affected.
- The company's business is dependent on the road network and uninterrupted utilisation of vehicles, and any disruption may adversely affect its operations and results.
- The company's business is dependent on its customers business performance, developments in their respective markets and industries, and their continued outsourcing of logistics operations, and any adverse change may affect the company's business and results of operations.
- The company may not be successful in implementing its growth and business strategies, which could adversely affect the company's business, results of operations and financial condition.
- There can be no assurance that the improvement in the company's profit after tax margins over the past three financial years will be sustained.
- The company's business is exposed to uncertain and adverse weather conditions, which may disrupt operations and adversely affect its business, results of operations and financial condition.
- The industry in which the company operates is labour intensive, and its operations are dependent on the availability, productivity and retention of manpower, which may adversely affect the company's business and operations.
- Any misconduct, negligence or failures by the company's employees to maintain confidentiality of information may adversely affect its business, reputation, results of operations and financial condition.
- The company's revenue is substantially dependent on existing customers, and loss of such customers could adversely affect its business.
- The success of the company's business depends on the availability and adequacy of infrastructure support and facilities in the areas in which its operates or intends to operates, and any deficiency may adversely affect the company's business and operations.
- Intense competition for skilled employees and increasing wage and salary costs may adversely affect the company's business, results of operations and financial condition.
- Non-compliance with data protection and privacy laws, including the Digital Personal Data Protection Act, 2023, or cybersecurity incidents may adversely affect the company's business, operations and reputation.
- Climate change related risks, including water stress and transition to lower-carbon energy sources, may adversely affect the company operations and business sustainability.
- Changes in sanctions regimes, trade policies or imposition of non-tariff barriers may adversely affect the company's business, operations and supply chain.
- Pricing pressure from customers may adversely affect the company's gross margins, profitability and ability to increase prices.
- The company is exposed to the risk of delays or non-payment by its customers and other counterparties, which may adversely affect the company's cash flows and financial condition.
- A majority of the company's Directors does not have prior experience as directors of listed entities, which may affect its compliance and governance practices as a listed company.
- The company's business may be adversely affected by employee attrition and its ability to retain permanent employees.
- Listing of equity shares may subject it to surveillance measures like ASM and GSM, affecting market perception.
- Dependence on information technology systems exposes the company to cybersecurity and operational risks.
- The Issue Price, valuation multiples and related financial ratios may not be indicative of the market price of the company's Equity Shares upon listing or thereafter.
Pooja Logistics Ltd Peer Comparison
Understand the company’s industry standing
Pooja Logistics Ltd
AVG Logistics Limited
Premier Roadlines Limited
Face Value
10
10
10
Standalone / Consolidated
Consolidated
Consolidated
Consolidated
Total Income Rs. Cr.
165.701
557.4091
332.0718
EPS-Basis
12
17.38
6.02
EPS-Diluted
12
17.38
6.02
NAV Per Share
41.14
180.09
45
P/E-Basic EPS
---
11.93
6.94
P/E-Diluted EPS
---
---
---
RONW(%)
36.21
10.11
14.34
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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Enter details- PAN, Application number or DP client ID
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The IPO opens on 23 Sept 2026 & closes on 25 Sept 2026.
Pooja Logistics Limited was originally incorporated as a Private Limited Company dated December 09, 2011, with the Registrar of Companies, Delhi and Haryana. Subsequently, Company was converted into a Public Limited Company w.e.f. November 18, 2024. The Company is engaged in providing temperature-controlled logistics services for transportation of perishable goods across India through refrigerated trucks to various industries since 2011. The Company serve businesses in confectionery, dairy, quick-service restaurants (QSR) and e-commerce industries.
Apart from this, Company own and operate a fleet of more than 357 GPS-enabled refrigerated vehicles, which supports 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, to maintain temperatures suitable for frozen (-18°C to -10°C) and chilled (0°C to +4°C) storage. Each of the refrigerated vehicles is having insulated doors with inner and outer seals, secure locking mechanisms to maintain internal temperature stability, and grated container floors designed to support return air evaporation and promote uniform air circulation.
The Company began operations with six vehicles at a single location. Over time, the fleet expanded to over 100 vehicles across multiple locations during period 2013-14. It added approx. 40 vehicles to its fleet in 2015. The fleet rose to 125 vehicles over a period of 2 years, through a diverse range of varying logistic needs in 2022. The business was expanded to Hyderabad and Chennai in 2023 through eco-friendly logistic solutions.
The Company is planning a fresh issue initial offer of 38,46,000 equity shares of the face value Rs 10 each.
Pooja Logistics Ltd IPO will close on 25 Sept 2026.
- Strategic combination of in house and third party Vehicle Fleet along with its Safety for smooth operations and delivery.
- Supply Chain Efficiency.
- PAN India Transport.
- Diverse customer base across many sectors.
- Established presence and proven track record.
- Dedicated management team with significant industry experience.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Deepak Khanna | 8650000 | 82.87 | 8650000 | 60.56 |
| 2 | Anu Khanna | 500000 | 4.79 | 500000 | 3.5 |
| 3 | Vijay Kumar Khanna | 613000 | 5.87 | 613000 | 4.29 |
| 4 | Sarika Arora | 5000 | 0.05 | 5000 | 0.04 |
| 5 | Pooja Kapur | 5000 | 0.05 | 5000 | 0.04 |
| 6 | Anu Dua | 5000 | 0.05 | 5000 | 0.04 |
- The company's contingent liabilities and commitments, if they materialise, may adversely affect its financial position, results of operations and cash flows.
- The company depends on a limited number of key customers for a majority of its revenues, which exposes the company to a high risk of customer concentration. Particularly, the company depends significantly on customers in the FMCG industries and are highly dependent on the performance of this industry. A decrease in the revenues the company derives from them could materially and adversely affect its business, results of operations, cash flows and financial condition.
- The company's reliance on particular industries for a significant portion of its sales could have an adverse effect on the company's business, results of operations and financial conditions.
- The company's business operations are significantly concentrated in certain geographical regions and the company generates major portion of turnover from these regions or nearby regions only. Any adverse developments affecting its operations in these regions could have an adverse impact on the company's revenue and results of operations.
- The Company, Promoters and Directors are party to certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render the company/ them liable to liabilities/ penalties/ prosecutions and may adversely affect its business and results of operations.
- The company does not own the registered office, branch offices and Storehouse & Warehouses from which its carry out the company's business activities. In case of nonrenewal of rent agreements or dispute in relation to uses of the said premise, the company's business and results of operations can be adversely affected.
- The company's audited financial statements and the auditor's report for Financial 2025 have been issued by the company's current Statutory Auditors.
- The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
- The company has incurred substantial indebtedness which exposes it to various risks which may have an adverse effect on the company's business and results of operations.
- The company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
- The company's inability to pass on any increase in operating expenses, particularly fuel costs and expenses relating to temperature-controlled operations, to its customers may adversely affect the company's business and results of operations.
- The company is subject to various risks associated with transportation and the company may faces claims relating to loss or damage to goods, personal injury claims or other operating risks that are not adequately insured.
- The company is in the process of registration of its logo, any failures to protect or enforce the company's rights to own or uses its trademark could have an adverse effect on the company's business and competitive positions. The Issuer Company has right to uses the trademark which is owned by its material wholly-owned subsidiary i.e. Truckit India Private Limited.
- The company fleet of vehicles may be subject to traffic challans and violations, which are incidental to the logistics business.
- The company is substantially and heavily dependent upon the services of its Promoters for the company's entire business. Further, its success depends largely upon the services of the company's Directors, Promoters and other Key Managerial Personnel and its ability to attract and retain them. Demand for key managerial personnel in the industry is intense and the company's inability to attract and retain key managerial, may affect the business and operations of the Company.
- The company has experienced delayed filings of certain e-forms under Companies Act, 2013 with Registrar of Companies which may attract penalties, fines and other regulatory actions.
- The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
- The company intends to utilise a portion of the Net Issue Proceeds for funding its Capital Expenditure for purchase of trucks and equipment. The company is yet to place orders for such equipment.
- There are certain delays noticed in some of the company's records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operates its business, and the failures to obtain, retain and renew such approvals and licenses in a timely manner or comply with such rules and regulations or at all may adversely affect the company operations.
- The company's business involves usage of manpower and any unavailability of its employees or any strikes, work stoppages may have an adverse impact on the company's cash flows and results of operations.
- The company depends significantly on its vendors to provide transport facilities. A loss of, or a significant decrease in services provided by the company's vendors could adversely affect its business and profitability.
- Some of the company's Key Managerial Personnel have been associated with the Company for less than one year, which may affect continuity of management and execution of business strategies.
- The company's success depends in large part upon its qualified personnel, including the company's senior management, directors and key personnel and its ability to attract and retain them when necessary.
- The Company's insurance coverage may not be adequate to cover all losses associated with its business operations.
- There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds and deployment of the issue is entirely at the discretion of the issuer.
- The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- The requirements of being a publicly listed company may strain its resources.
- Any investment in the Equity Shares is subject to general risk related to investments in Indian Companies.
- Any variation in the utilization of the Net Proceeds of the Issue as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders approval.
- The price of the company's Equity Shares may be volatile, or an active trading market for its Equity Shares may not develop.
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the NSE EMERGE in a timely manner or at all.
- Any future issuance of Equity Shares may dilute your shareholding and sale of the company's Equity Shares by its Promoters or other shareholders may adversely affect the trading price of the Equity Shares.
- There are restrictions on daily weekly monthly movement in the price of the equity shares, which may adversely affect the shareholder's ability to sell for the price at which it can sell, equity shares at a particular point in time.
- You may be subject to Indian taxes arising out of capital gains on the sale of the Equity Shares.
- Significant differences exist between Indian GAAP and other accounting principles, such as US GAAP and IFRS, which may be material to investors assessments of the Company's financial condition. Its failures to successfully adopt IFRS may have an adverse effect on the price of the company's Equity Shares. The proposed adoption of IFRS could result in its financial condition and results of operations appearing materially different than under Indian GAAP.
- Foreign investors are subject to foreign investment restrictions under Indian law that limits the company's ability to attract foreign investors, which may adversely impact the market price of the Equity Shares.
- Unfavorable Media Coverage or Negative Publicity of the company's Partners May Adversely Affect its Brand, Business, Financial Condition, Cash Flows, and Results of Operations.
- The company has not independently verified certain data in this Red Herring Prospectus.
- Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- If the company is unable to effectively utilise the purchased container space and truck capacity, its business, results of operations and financial condition may be adversely affected.
- The company's business is dependent on the road network and uninterrupted utilisation of vehicles, and any disruption may adversely affect its operations and results.
- The company's business is dependent on its customers business performance, developments in their respective markets and industries, and their continued outsourcing of logistics operations, and any adverse change may affect the company's business and results of operations.
- The company may not be successful in implementing its growth and business strategies, which could adversely affect the company's business, results of operations and financial condition.
- There can be no assurance that the improvement in the company's profit after tax margins over the past three financial years will be sustained.
- The company's business is exposed to uncertain and adverse weather conditions, which may disrupt operations and adversely affect its business, results of operations and financial condition.
- The industry in which the company operates is labour intensive, and its operations are dependent on the availability, productivity and retention of manpower, which may adversely affect the company's business and operations.
- Any misconduct, negligence or failures by the company's employees to maintain confidentiality of information may adversely affect its business, reputation, results of operations and financial condition.
- The company's revenue is substantially dependent on existing customers, and loss of such customers could adversely affect its business.
- The success of the company's business depends on the availability and adequacy of infrastructure support and facilities in the areas in which its operates or intends to operates, and any deficiency may adversely affect the company's business and operations.
- Intense competition for skilled employees and increasing wage and salary costs may adversely affect the company's business, results of operations and financial condition.
- Non-compliance with data protection and privacy laws, including the Digital Personal Data Protection Act, 2023, or cybersecurity incidents may adversely affect the company's business, operations and reputation.
- Climate change related risks, including water stress and transition to lower-carbon energy sources, may adversely affect the company operations and business sustainability.
- Changes in sanctions regimes, trade policies or imposition of non-tariff barriers may adversely affect the company's business, operations and supply chain.
- Pricing pressure from customers may adversely affect the company's gross margins, profitability and ability to increase prices.
- The company is exposed to the risk of delays or non-payment by its customers and other counterparties, which may adversely affect the company's cash flows and financial condition.
- A majority of the company's Directors does not have prior experience as directors of listed entities, which may affect its compliance and governance practices as a listed company.
- The company's business may be adversely affected by employee attrition and its ability to retain permanent employees.
- Listing of equity shares may subject it to surveillance measures like ASM and GSM, affecting market perception.
- Dependence on information technology systems exposes the company to cybersecurity and operational risks.
- The Issue Price, valuation multiples and related financial ratios may not be indicative of the market price of the company's Equity Shares upon listing or thereafter.
The Issue type of Pooja Logistics Ltd is Book Building - SME.
The minimum application for shares of Pooja Logistics Ltd is 2400.
The total shares issue of Pooja Logistics Ltd is 3846000.
Initial public issue of 38,46,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Pooja Logistics Limited ("The Company" or "The Issuer") for cash at a price of Rs. 115 per equity share (Including a Share Premium of Rs. 105 Per Equity Share) ("Issue Price") aggregating to Rs. 44.23 Crore, ("Issue"). This issue includes a reservation of 1,98,000 equity shares aggregating to Rs. 2.28 Crores* for subscription by market makers ("Market Makers Reservation Portion") and a reservation of 72,000 equity shares (constituting 0.50% of the post-issue paid-up equity share capital of the company) aggregating to Rs. 0.83 Crores* for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The issue less the market makers reservation portion and employee reservation portion i.e. Issue of 35,76,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 115 per equity share for cash, aggregating to Rs. 41.12 Crores is herein after referred to as the "Net Issue". The issue and the net issue shall constitute 26.93% and 25.04%, respectively, of the post-issue paid-up equity share capital of the company, respectively.
Price Band: Rs. 115/- per equity share of face value of Rs. 10/- each.
The floor price is 11.5 times of the face value of the equity shares.
Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.