Pooja Logistics IPO Day 1: Subscribed 0.34x; Retail demand hits 0.57x

3 min read | Published on 23 Sept 2026, 11:25 AM |Updated on 25 Sept 2026, 05:32 PM

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Ritika DScanX News Team

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Key Highlights

Pooja Logistics IPO subscribed 0.34x on Day 1
Retail investors led demand with 0.57x subscription
QIBs recorded zero participation throughout the day
Total demand surged 1600% from opening levels

*this image is generated using AI for illustrative purposes only.

Pooja Logistics IPO closed at 2.92 times overall subscription on Day 3, marking a significant surge from earlier days. Qualified Institutional Buyers (QIBs) entered aggressively in the final hours, while Non-Institutional Investors (NII) led the demand with the bigger HNI category subscribing 5.52 times.

Subscription Status

The issue saw a steady buildup of interest over the first two days but experienced a massive acceleration on the final day. Total subscription rose from 0.34x on Day 1 to 0.47x on Day 2, before jumping to 2.92x by the close of Day 3. The most significant shift occurred in the last hour of trading, where QIBs entered aggressively and HNI bids spiked.

Day	Date	QIB	NII (bHNI)	NII (sHNI)	Retail	Total
Day 1	23-09-2026	0.00x	0.09x	0.35x	0.57x	0.34x
Day 2	24-09-2026	0.00x	0.26x	0.51x	0.76x	0.47x
Day 3	25-09-2026	2.50x	5.52x	3.58x	2.46x	2.92x

Category-wise Breakdown

Non-Institutional Investors (NII) led the demand on the final day. The bigger HNI category (bHNI) subscribed 5.52 times, showing a massive jump from previous days. Smaller HNIs (sHNI) followed with a subscription rate of 3.58 times. Retail investors also showed strong appetite, subscribing 2.46 times. A key development was the late entry of Qualified Institutional Buyers (QIBs), which subscribed 2.50 times after showing zero interest in the first two days. The Employee quota remained low at 0.43 times.

Intra-day Timeline

The following table details the hourly progression of subscription on Day 1:

Time (IST)	QIB	NII (bHNI)	Retail	Total
11:15	0.00x	0.00x	0.04x	0.02x
12:15	0.00x	0.00x	0.19x	0.14x
13:15	0.00x	0.00x	0.29x	0.18x
14:15	0.00x	0.02x	0.42x	0.25x
15:15	0.00x	0.07x	0.46x	0.27x
16:15	0.00x	0.09x	0.48x	0.29x
17:15	0.00x	0.09x	0.57x	0.34x

Offer Details

The Pooja Logistics IPO opened for subscription on September 23, 2026, and closed on September 25, 2026. The price band was set between ₹109.00000 and ₹115.00000 per share, with a minimum bid quantity of 2400 shares.

Parameter	Details
Price Band	₹109.00000 - ₹115.00000
Issue Size	392400 - 500000
Min Bid Qty	2400
Open Date	2026-09-23
Close Date	2026-09-25

About the Company

Pooja Logistics Limited, incorporated in 2011, provides temperature-controlled logistics services for perishable goods across India. The company operates a GPS-enabled refrigerated truck fleet of over 424 vehicles, serving clients in confectionery, dairy, quick-service restaurants (QSRs), pharmaceuticals, and e-commerce sectors. Led by Promoter and Managing Director Mr. Deepak Khanna, who has over 14 years of industry experience, the company operates across more than 26 states.

Financial Highlights

The company has shown steady growth in revenue and profitability over the last three fiscal years.

Particulars (₹ crore)	FY2026	FY2025	FY2024
Revenue from Operations	165.70	148.77	123.75
Total Revenue	167.77	150.49	125.14
Profit Before Tax	16.33	14.64	7.55
Net Profit	12.34	11.02	5.73

Objects of the Issue

Purchase of Vehicles: Expand the existing fleet by adding 92 new refrigerated vehicles to meet rising demand and reduce dependence on hired vehicles.
General Corporate Purpose: Deploy a portion of proceeds towards general corporate purposes, strategic alliances, and growth opportunities.
Public Issue Expenses: Meet expenses related to underwriting, management fees, printing, distribution, advertisement, legal fees, and listing fees.