Pooja Logistics IPO Analysis: Should You Apply? GMP, Review & Details

Pooja Logistics is a SME IPO in the Logistics Solution Provider sector. The issue price band is ₹109.0–₹115.0 per share. Issue size is ₹44.23 crore.

Pooja Logistics IPO — Key Details

Company Overview

Pooja Logistics Ltd. is a logistics solution provider incorporated in 2011, specializing in temperature-controlled logistics services for perishable goods across India. The company operates an in-house fleet of over 357 GPS-enabled refrigerated trucks, catering to various industries including confectionery, dairy, quick service restaurants, pharmaceuticals, and e-commerce.

Financial Performance

Total income was ₹125.14 Cr in the period ending 31 Mar 2024, rising to ₹150.49 Cr by 31 Mar 2025, and further increasing to ₹167.77 Cr by 31 Mar 2026. Profit after tax was ₹5.73 Cr in the period ending 31 Mar 2024, increasing to ₹11.02 Cr by 31 Mar 2025, and reaching ₹12.34 Cr by 31 Mar 2026.

Objects of the Issue

The company plans to use the net proceeds from the issue for the purchase of vehicles and general corporate purposes, with an estimated amount of ₹33.97 Cr allocated for these purposes.

Strengths & Weaknesses

Strengths

Pooja Logistics has a strong fleet of owned refrigerated vehicles, established relationships with key customers, a wide geographic reach, and organizational stability supported by experienced promoters.

Understanding Grey Market Premium (GMP)

The grey market refers to the unofficial market where shares of an IPO are traded before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price compared to the issue price. A higher GMP suggests positive sentiment towards the IPO, while a lower or negative GMP indicates caution.

Subscription Status

As of 25th September 2026, the IPO has received a total subscription of 3.11 times. The breakdown shows that Qualified Institutional Buyers (QIBs) subscribed 2.5 times, Non-Institutional Investors (NIIs) 4.87 times, and Retail Individual Investors (RIIs) 2.86 times.

Peer Comparison

• Premier Roadlines Ltd. - P/E: 6.94
• Avg Logistics Ltd. - P/E: 11.93

IPO Timeline

The IPO opens for subscription on 23rd September 2026 and closes on 25th September 2026. Allotment of shares will be done on 28th September 2026, with the listing expected on 30th September 2026.

Should You Apply for Pooja Logistics IPO?

Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance, considering the company's growth potential and market conditions.

Investors who prefer stable returns and are risk-averse may want to avoid IPOs with inherent market volatility and uncertainty regarding future performance.

This is general risk-profile education, not a personal recommendation to apply or avoid this specific IPO — TopFund is not a SEBI-registered investment adviser.

Listing Day Risks

Listing gains refer to the potential profit made by selling shares on the first day of trading after an IPO. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the shares.

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Disclaimer: This is educational content, not investment advice. GMP is an unofficial grey-market indicator, unregulated and never guaranteed. TopFund is not a SEBI-registered investment adviser — please do your own research or consult a qualified adviser before applying to any IPO.