Pooja Logistics IPO Latest News: GMP, Subscription and Key Details

Pooja Logistics IPO Opens for Subscription

Pooja Logistics IPO opened for subscription on September 23, 2026, and will remain open until September 25. The book-built SME issue comprises 38.46 lakh equity shares and is entirely a fresh issue. At the upper price band of ₹115, the issue size stands at ₹44.23 crore. The shares are scheduled to list on NSE SME on September 30.

Pooja Logistics IPO GMP Today

The latest available grey-market update indicates that Pooja Logistics IPO GMP has not started / is not firmly quoted. IPOWatch currently shows the GMP as ₹-, while another tracker reports a ₹0 indication. Therefore, the current GMP should be treated as ₹0/not started rather than assuming an unofficial premium.

GMP is an unofficial and unregulated market indicator and can change before listing.

Pooja Logistics IPO Subscription Status

The IPO opened today, so subscription activity is still developing. The issue has reservations for QIBs, NIIs and retail investors, along with an anchor allocation and market-maker portion.

The latest exchange-linked tracker had not yet reported meaningful public subscription numbers at the time of checking.

Pooja Logistics Business Overview

Pooja Logistics Limited, incorporated in 2011, provides temperature-controlled logistics services for perishable and temperature-sensitive goods across India. The company operates refrigerated trucks, commonly known as reefers, equipped with GPS tracking and temperature-control systems.

The company serves customers primarily in the FMCG and related sectors. Its logistics model combines an owned fleet with vehicles hired from third-party fleet owners and independent agents, allowing it to handle transportation requirements across different routes and locations.

The company's operations are concentrated particularly in Delhi, Haryana, Maharashtra and Uttar Pradesh.

Pooja Logistics IPO Financial Performance

Pooja Logistics has reported growth in revenue and profitability. According to the latest available financial information, revenue increased from ₹150.49 crore in FY2025 to ₹167.77 crore in FY2026, while profit after tax increased from ₹11.02 crore to ₹12.34 crore.

The company's FY2026 total income was also reported at around ₹135.27 crore in another financial database, reflecting differences in the accounting presentation of revenue and total income.

Pooja Logistics Fleet and Operations

Pooja Logistics operates an in-house fleet of more than 400 GPS-enabled refrigerated vehicles, supported by hired vehicles from third-party operators. This combination allows the company to provide temperature-controlled transportation without relying exclusively on its own fleet.

The company transports temperature-sensitive products where maintaining specified temperatures throughout transit is important to prevent spoilage and protect product quality.

Its business model generates revenue primarily through freight charges, with contract pricing that can include adjustments for fuel and refrigeration-related cost changes.

Pooja Logistics IPO Objects of the Issue

The entire fresh issue proceeds are proposed to be used by the company for purchasing additional commercial refrigerated vehicles and for general corporate purposes.

The vehicle purchase component represents the majority of the IPO proceeds and is intended to expand the company's temperature-controlled logistics capacity.

Pooja Logistics Growth Strategy

The company's expansion strategy is closely connected with increasing its refrigerated fleet and serving India's growing requirement for temperature-controlled transportation.

A larger owned fleet can provide additional capacity for customers transporting perishable products. At the same time, the company continues to use third-party vehicles, providing flexibility when demand changes across routes and regions.

The IPO-funded fleet expansion is therefore an important part of the company's post-issue growth plan.

Pooja Logistics IPO Key Risks

Customer concentration is an important factor for Pooja Logistics. Its top 10 customers accounted for approximately 68.15% of total revenue, making the company dependent on a relatively limited group of customers.

The company is also exposed to the FMCG sector and has geographic concentration in Delhi, Haryana, Maharashtra and Uttar Pradesh. Any slowdown in customer activity or loss of major contracts could affect revenue.

Fuel and refrigeration costs can also influence operating margins. The company's ability to pass these cost increases through to customers is therefore important.

Another consideration is debt. Outstanding indebtedness was reported at approximately ₹29.00 crore, creating interest and repayment obligations alongside the company's fleet expansion requirements.

Pooja Logistics IPO Important Dates

Pooja Logistics IPO opened on September 23 and will close on September 25, 2026. The basis of allotment is scheduled for September 28, refunds and demat credit are expected on September 29, and the shares are scheduled to list on NSE SME on September 30.

Pooja Logistics IPO Latest News Summary

Pooja Logistics IPO has opened today with a price band of ₹109–₹115 and an issue size of ₹44.23 crore. The issue is entirely a fresh issue and the shares are scheduled to list on NSE SME on September 30.

The latest GMP is ₹0/not started, while subscription activity is still developing on the opening day. The company reported FY2026 revenue of ₹167.77 crore and PAT of ₹12.34 crore, compared with ₹150.49 crore revenue and ₹11.02 crore PAT in FY2025.

The major developments to watch during the IPO period are category-wise subscription demand, any movement in the unofficial GMP and progress on the planned purchase of refrigerated vehicles.

Disclaimer: IPO GMP is an unofficial and unregulated market indicator and can change at any time. Subscription figures may change throughout the bidding period and can vary depending on the reporting time. This article is for informational purposes only and should not be considered investment advice.