Financial Performance
Pooja Logistics reported total income of Rs. 150.49 crore in FY 2025, compared with Rs. 125.14 crore in FY 2024, representing growth of 20%. Profit after tax increased to Rs. 11.02 crore from Rs. 5.73 crore, reflecting better operating leverage and profitability.
EBITDA rose to Rs. 23.09 crore from Rs. 19.13 crore. The company recorded an EBITDA margin of 15.52% and a PAT margin of 7.41%. Net worth increased to Rs. 25.85 crore from Rs. 14.83 crore, while assets expanded to Rs. 70.06 crore.
Return Ratios and Valuation
ROCE stood at 34.47%, while return on net worth reached 54.20%. These ratios are attractive, but investors should assess whether they remain sustainable after equity dilution and fleet expansion.
At the upper price of Rs. 115, the post-issue market capitalisation is Rs. 164.27 crore. Based on post-issue EPS of Rs. 7.72, the IPO is valued at a P/E ratio of 14.90. The price-to-book ratio is 4.45 times, which requires continued earnings growth.
Use of IPO Proceeds
The company proposes to utilise fresh proceeds for purchasing refrigerated vehicles and general corporate purposes. New vehicles can expand carrying capacity, improve geographic coverage and support customer additions.
However, the offer document does not provide an amount-wise allocation in the supplied data. Investors should review the final prospectus for vehicle numbers, purchase costs and implementation timelines. Returns will depend on fleet utilisation, route density, pricing and operating efficiency.
Industry Opportunity and Operating Risks
Demand for temperature-controlled logistics is supported by organised food retail, pharmaceuticals, dairy products, quick-service restaurants and e-commerce. Food-safety standards and the need to reduce spoilage may increase cold-chain adoption.
Nevertheless, logistics remains highly competitive and sensitive to diesel prices, driver availability, toll charges and maintenance expenses. Refrigerated vehicles require specialised equipment and regular servicing. Customer concentration, delayed payments, accidents and temperature-control failures could affect profitability and reputation.
Final Investment View
Pooja Logistics combines strong FY 2025 profit growth, attractive return ratios, an owned fleet and reasonable earnings valuation. The all-fresh issue structure is another positive.
Risks include leverage, capital intensity, limited disclosed financial history, SME liquidity and a high minimum investment. Listing-gain investors should track GMP and subscription demand. Long-term investors may consider a selective application only if institutional participation is healthy and fleet expansion is likely to improve cash generation without materially increasing debt. Conservative investors can wait for post-listing results and clearer utilisation data.
FAQs
What is the Pooja Logistics IPO price band?
The Pooja Logistics IPO price band is Rs. 109–Rs. 115 per equity share.
What is the Pooja Logistics IPO lot size?
The quoted lot size is 1,200 shares. Individual investors must apply for at least two lots comprising 2,400 shares.
What is the minimum investment in Pooja Logistics IPO?
The minimum individual investment in Pooja Logistics IPO is Rs. 2,76,000 for 2,400 shares at the upper price.
When will the Pooja Logistics IPO open?
Pooja Logistics IPO will open on 23 September 2026 and close on 25 September 2026.
When is the Pooja Logistics IPO listing date?
Pooja Logistics IPO is tentatively scheduled to list on NSE SME on 30 September 2026.
What is the Pooja Logistics IPO GMP today?
The Pooja Logistics IPO GMP is presently unavailable. Investors should check the latest GMP closer to the subscription period.
Should investors apply for the Pooja Logistics IPO?
Pooja Logistics IPO may be considered selectively due to its strong profit growth, reasonable P/E valuation and expanding cold-chain business. Investors should also consider leverage, capital intensity, SME liquidity and the high minimum investment before applying.