Pooja Logistics Filing DRHP for 38.46 Lakh-Share IPO on NSE Emerge

New Delhi, September 30, 2025 – Pooja Logistics Limited, a cold-chain logistics company, has submitted its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to issue an Initial Public Offering (IPO) consisting of 38.46 lakh equity shares of face value of ₹10 each. The Company will list in the NSE Emerge segment with 100 percent fresh issue without any Offer for Sale (OFS) element. The IPO is being undertaken for increasing fleet size, augmenting operations and general corporate purposes financing.

IPO Structure and Listing

The planned IPO has only fresh equity shares, with pre-issue equity base of 1.04 lakh shares, which will become 1.42 lakh shares after issue. Compliance with Regulation 229(2) of SEBI ICDR Regulations, 2018, which is applicable for SME listings, is being done by the company. Price band final fixation will be done through book-building route, and the shares are likely to get listed at NSE Emerge once the issue process gets completed.

Utilisation of Proceeds

DMP will utilise the IPO proceeds primarily to acquire goods carriage vehicles to increase fleet strength and boost logistics capacity. The proceeds will also finance a portion of the public issue expenses, while the balance will be used for general corporate purposes. The step will aid in strengthening the company’s operational outreach and boost growth in temperature-controlled logistics services.

Promoters and Management

The majority promoters are Mr. Deepak Khanna and Ms. Anu Khanna. Their shareholding after the IPO would be diluted, but they would remain the controlling promoters and decision-makers operating the company. Share India Capital Services Pvt. Ltd. has been made BRLM and Maashitla Securities Pvt. Ltd. a registrar to the issue.

Company Overview and Operations

Started in 2011 by Pooja Logistics Limited, the company offers temperature-controlled logistics services, carrying perishables within India in refrigerated vehicles. It started operations with six vehicles for one customer and has grown over the years to become a major player in cold-chain operations. As of August 31, 2025, the company operates a fleet of 357 GPS-enabled refrigerated vehicles that service food processing, pharma, and allied customer segments.

In the past years, the company’s geographical presence and clean energy and electric mobility projects grew to become a green and new logistic player. Several milestones have been achieved, such as fleet size growth to over 350 vehicles by FY24 and consistent service growth in India.

Financial Performance

Pooja Logistics has posted satisfactory financial performance over the last three years of fiscal. The top-line has increased from ₹11,107.84 lakh in FY23 to ₹13,527.02 lakh in FY25, and profit after tax also increased from ₹134.91 lakh to ₹960.78 lakh. Net worth has increased from ₹909.45 lakh in FY23 to ₹2,424.48 lakh in FY25. The balance sheet is healthy, with total borrowings decreasing marginally from ₹3,103.19 lakh in FY24 to ₹2,900.23 lakh in FY25.

Market Position and Growth Potential

Pooja Logistics is an SME-centric player in India’s rapidly growing temperature-controlled logistics space, where growing demand is being seen from the food, pharma, and e-commerce spaces. The upcoming IPO will generate the funds required to grow the business, new vehicles to procure, and enhance its service capability, making it prepared for increased growth in domestic cold-chain logistics business.

REF: https://nsearchives.nseindia.com/emerge/corporates/content/Registration_26092025175940_DRHP.pdf

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