Introduction:
Pooja Logistics IPO is attracting attention because it belongs to the cold chain logistics segment, a business linked to refrigerated transportation, FMCG supply chains, dairy products, confectionery, quick-service restaurants, pharmaceuticals, and e-commerce deliveries. Temperature-controlled logistics across India.PO price range is ₹109–₹115, the lot size is 1,200 shares, and the issue size is ₹44.23 crore. The same page also shows the IPO opening date as 23 September 2026 and the tentative listing date as 30 September 2026.
This guide explains the Pooja Logistics IPO in a practical, investor-friendly way. You will find the IPO date, price band, lot size, GMP, issue size, financials, strengths, risks, allotment details,s and a balanced review.
Pooja Logistics IPO at a Glance
| Particular | Details |
| Company | Pooja Logistics Limited |
| IPO type | SME IPO |
| Listing platform | NSE Emerge |
| IPO open date | 23 September 2026 |
| IPO close date | 25 September 2026 |
| Price band | ₹109 to ₹115 per share |
| Face value | ₹10 per share |
| Lot size | 1,200 shares |
| Issue size | Around ₹44.23 crore |
| Tentative allotment date | 28 September 2026 |
| Tentative listing date | 30 September 2026 |
| Minimum investment | Around ₹1,38,000 for 1 lot at the upper price band |
| Business | Temperature-controlled logistics and refrigerated transportation |
About Pooja Logistics
Pooja Logistics Limited provides temperature-controlled transportation services for perishable goods across India. The company uses refrigerated trucks, commonly called reefers, to transport goods that need controlled temperature during movement.
Its customer segments include confectionery, dairy products, quick-service restaurants, pharmaceuticals, e-commerce, and FMCG businesses. These industries often need reliable cold chain logistics because temperature variation can affect product quality, shelf life, and safety.
Groww states that Pooja Logistics operated an in-house fleet of over 424 GPS-enabled refrigerated vehicles as of 31 March 2026. The company uses GPS tracking, vehicle movement reports, driver management, and temperature monitoring to track shipment status during transportation.
Pooja Logistics IPO GMP Today
Grey Market Premium, or GMP, is an unofficial premium at which IPO shares may trade before listing. It is not regulated by NSE, BSE, E or SEBI and should not be treated as a confirmed listing gain.
InvestorGain’s live GMP page shows that the highest GMP recorded so far for Pooja Logistics IPO was ₹0 on 23 September 2026.
What does ₹0 GMP mean?
A flat GMP may suggest limited grey market activity or neutral listing expectations now. But GMP can change quickly during the IPO window. For SME IPOs, the outcome depends on subscription demand, market sentiment, liquidity, valuation, and investor appetite for the sector.
Investors should not apply only because GMP rises, and they should not reject an IPO only because GMP is flat. GMP is only one signal, not a complete investment thesis.
For a basic explanation, you can also read Acumen’s guide on what is GMP in IPO.
Lot Size and Minimum Investment
The IPO lot size is 1,200 shares. At the upper price band of ₹115, one lot costs around ₹1,38,000.
| Application | Shares | Amount at ₹115 |
| 1 lot | 1,200 | ₹1,38,000 |
| 2 lots | 2,400 | ₹2,76,000 |
| 3 lots | 3,600 | ₹4,14,000 |
This matters because SME IPOs often require a higher minimum application amount than mainboard IPOs. Investors should apply only if this amount fits their risk profile and liquidity needs.
Financial Performance of Pooja Logistics
Pooja Logistics has reported growth in revenue and profit in recent years. Groww mentions that revenue from operations increased from ₹123.75 crore in FY24 to ₹148.77 crore in FY25 and ₹165.70 crore in FY26. PAT increased from ₹5.73 crore in FY24 to ₹11.02 crore in FY25 and ₹12.34 crore in FY26.
| Financial Metric | FY24 | FY25 | FY26 |
| Revenue from operations | ₹123.75 crore | ₹148.77 crore | ₹165.70 crore |
| Profit after tax | ₹5.73 crore | ₹11.02 crore | ₹12.34 crore |
| Operating cash flow | Positive | Positive | Positive |
| Trade receivables | — | — | ₹30.42 crore |
| Outstanding debt | — | — | ₹39.21 crore |
What investors should understand
Revenue growth is positive, but investors should look deeper. In logistics businesses, profitability depends on fleet utilisation, fuel costs, vehicle maintenance, route efficiency, customer contracts, debt servicing, and receivable collection.
A company can show accounting profit but still face working capital pressure if customers delay payments. This is why trade receivables and operating cash flow are important.
Strengths of Pooja Logistics
1. Focused cold chain logistics business
Pooja Logistics operates in a specialised logistics segment. Temperature-controlled transportation requires operational discipline, monitoring systems, and suitable vehicles. This creates a business model that is more specialised than ordinary transport services.
2. Owned refrigerated fleet
The company’s owned fleet is a key asset. Groww states that Pooja Logistics had more than 424 GPS-enabled refrigerated vehicles as of 31 March 2026. An owned fleet can improve control over delivery quality, temperature monitoring,g and service reliability.
3. Presence across multiple customer categories
The company serves FMCG, dairy, confectionery, QSR, pharmaceutical, and e-commerce segments. This gives it exposure to industries where temperature-sensitive delivery is important.
4. Revenue and profit growth
The company has shown growth in both revenue and PAT between FY24 and FY26. Consistent growth improves investor interest, especially when supported by operating cash flow.
5. Technology-enabled tracking
GPS tracking, route monitoring, and temperature checks can improve delivery reliability. These systems are important because customers in cold chain logistics need visibility and compliance.
Key Risks Investors Should Know
1. High FMCG concentration
Groww mentions that FMCG contributed 95.07% of FY26 revenue from operations. This means any slowdown, pricing pressure,e or customer loss in FMCG logistics could affect the company’s performance.
2. Customer concentration
Groww states that the top 10 customers contributed 68.15% of revenue from operations in FY26. If any major customer reduces business, the company’s revenue and cash flow may be affected.
3. Debt and finance cost risk
The company had outstanding financial indebtedness of ₹39.21 crore as of 31 March 2026, according to Groww. Debt-funded fleet expansion can support growth, but it also increases repayment pressure.
4. Fuel and maintenance cost risk
Logistics businesses are sensitive to fuel prices, driver costs, vehicle repairs, insurance, and regulatory changes
5. Receivable collection risk
Trade receivables were ₹30.42 crore as of 31 March 2026, according to Groww. Delayed customer payments can increase working capital needs and pressure cash flows.
How to Apply for Pooja Logistics IPO
Investors can apply through ASBA or UPI-supported broker platforms.
Basic steps:
- Log in to your broker or bank IPO platform.
- Search for “Pooja Logistics IPO.”
- Select the lot quantity.
- Enter bid price or select cut-off if available.
- Submit UPI or ASBA details.
- Approve the UPI mandate before the deadline.
- Check allotment after the issue closes.
If you are new to IPO investing, read Acumen’s guide on documents required for a demat account.
Conclusion
Pooja Logistics IPO is built around a business theme that is easy to understand: India needs reliable cold chain logistics for food, dairy, QSR, pharmaceuticals, and e-commerce. The company has an owned refrigerated fleet, technology-enabled tracking, and reported financial growth.
But investors should avoid looking only at GMP or listing buzz. The more important questions are whether growth is sustainable, whether customer concentration reduces, whether receivables stay controlled, whether debt remains manageable, and whether the stock has enough liquidity after listing.
For risk-aware investors, Pooja Logistics IPO is worth studying. For conservative investors, it may be better to wait for listing, liquidity data, and post-listing results before deciding.
Acumen Capital Market encourages investors to make IPO decisions based on facts, risk understanding,g and long-term financial discipline.
FAQ
1. Is Pooja Logistics IPO suitable for long-term investors?
Pooja Logistics works in cold chain logistics, which has long-term demand from FMCG, dairy, QSR, pharma, and e-commerce sectors. However, long-term investors should check debt, customer concentration, receivables, fleet utilisation, and cash flow before applying.
2. Should I apply for Pooja Logistics IPO only because of GMP?
No. GMP is unofficial and can change quickly before listing. Investors should use GMP only as a sentiment indicator and also study the company’s financials, valuation, risks, issue objectives, and subscription demand.
3. What is the biggest risk in Pooja Logistics IPO?
The major risks are high dependence on FMCG customers, customer concentration, debt, receivables, and SME IPO liquidity. If key customers reduce business or payments get delayed, the company’s cash flow may be affected.
4. Is Pooja Logistics IPO good for beginner investors?
Beginner investors should be careful because SME IPOs can be more volatile and may have lower liquidity after listing. The minimum investment is also higher than many mainboard IPOs, so investors should apply only if they understand the risks.
5. What should investors check before applying for Pooja Logistics IPO?
Investors should check revenue growth, profit margin, operating cash flow, debt level, trade receivables, customer concentration, GMP trend, and valuation. Reading the RHP is important because it contains official risks, financials, and IPO fund usage.
Disclaimer:
This blog is intended for informational and educational purposes only and should not be considered investment advice or a recommendation to buy or sell any securities. Investments in the securities market are subject to market risks. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
