Pooja Logistics IPO is an SME IPO raising ₹44 Cr at ₹109 – ₹115 a share. It listed on 30 Sept 2026 at ₹118, +2.6% against its issue price of ₹115, and trades at ₹120 today (+4.4% since issue). It was subscribed 3.72× in total.
3.7 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Read from the 395-page prospectus. Indian prospectuses list hundreds of risk factors, most of them generic boilerplate. These are the 14 specific to this company; 88 generic ones were skipped. Every one is quoted verbatim with its page, so you can check it against the document.
GST demand of Rs. 2700.84 Lakhs for period 2018-19 to 2023-24 under section 74. The Company has filed appeals before the GST Appellate Authority against all the said orders within the prescribed time limit.
we depend on a limited number of key customers for a majority of our revenues... we have not entered into long term agreements with our clients... Top 3 Customers 7844.95 47.34%
our company has at several instances, delayed in filing GST returns and deposit of statutory dues with regards to EPF, ESIC as a result of which, we have been required to pay the late filing fees along with interest on delayed deposit of due taxes and statutory dues
Claims against the company not acknowledged as debt: 2,714.94 (FY26) vs 1,363.86 (FY25) vs nil (FY24)
Our operations are primarily concentrated in the states of Delhi, Haryana, Maharashtra, and Uttar Pradesh. A substantial portion of our revenue, assets, and customer base is derived from these regions.
M/s Singhal Garg & Associates, resigned from the office of the Statutory Auditors of our Company with effect from April 20, 2025, resulting in a casual vacancy... The Restated Consolidated Financial Statements... have been prepared by M/s Singhal Garg & Associates... who are not the Statutory Auditors of our Company.
Rent Expense... Relative of Key managerial personnel (KMP)... Kailash Khanna 6.00... Vijay Kumar Khanna 10.32... Anu Khanna... Commission... Deepak Khanna HUF... Vijay Khanna HUF
It includes profit from the trading in futures and options and intraday trading of shares. This activity was added in Main Objects of the Company pursuant to the amendment made on November 20, 2023 in Memorandum of Association... However, the said activity was discontinued... on August 05, 2024
NET CASH FROM OPERATING ACTIVITIES: 319.13 (FY26) vs 1,392.61 (FY25) vs 1,308.02 (FY24)
Trade receivables: 3,041.67 (FY26) vs 2,294.49 (FY25) vs 1,810.85 (FY24), with working-capital cycle consuming Rs 2.2 bn of cash for capex in FY26
out of total estimated capital expenditure of ₹ 3,397.39 lakhs, for entire proposed capital expenditure i.e. 100.00% orders are yet to be placed
Since the Company is solely engaged in temperature-controlled transportation, any inadequacy or disruption in such infrastructure can directly impact its ability to maintain required temperature standards throughout transit... Poor road conditions, traffic congestion, and insufficient cold-chain support points (including reefer plug-in points, emergency service stations, and certified repair workshops) significantly increase the risk of temperature excursions, cargo spoilage, and delays.
The attrition rates for the last three financial years were approximately 24.28%, 26.51%, and 20.93%, calculated based on the total number of permanent employees.
Governments and industry regulators continue to implement stricter emissions standards, energy-efficiency mandates, refrigerant phase-downs (including those targeting high-GWP refrigerants), and reporting requirements. Compliance with these evolving regulations may require significant capital investments in new technologies, alternative refrigerants, electric or low-emissions vehicles
Extracted from the issuer’s own prospectus and ranked by how specific and material each risk is to this company. Severity is our assessment of the disclosure, not a prediction — and nothing here is a recommendation to apply to this issue.
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed; the disclosed aggregate at stake is ₹27 Cr.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 0 | 2 | 2 | ₹27 Cr |
| Promoters | 0 | 1 | 0 | ₹0.0 Cr |
| Directors | 0 | 2 | 0 | ₹0.0 Cr |
| Subsidiaries | 0 | 0 | 0 | — |
| Group companies | 0 | 0 | 0 | — |
Office of CGST Audit-I, New Delhi vs Pooja Logistics: GST demands aggregating Rs.2,700.84 lakhs (Rs.27.01 crore) for FY 2018-19 to 2023-24; statutory appeals pending before GST Appellate Authority
NTEx Transportation Services Pvt Ltd vs Pooja Logistics: civil suit for recovery of Rs.9,09,811 unpaid SaaS service fees plus 18% p.a. interest; pending before Civil Judge Senior Division, Pune (hearing 17.10.2026)
Income Tax Authority vs Pooja Logistics: direct tax demand of Rs.5.00 lakhs (Rs.0.05 crore) under Section 143(1)(a) for AY 2025; reply filed, pending with CPC
Income Tax Authority vs Deepak Khanna (Director & Promoter): direct tax demand Rs.0.91 lakhs plus accrued interest Rs.0.46 lakhs under Section 143(1)(a) for AY 2021; reply filed, pending with CPC
Prakash Bapurao Hatmode (workman) vs SBI General Insurance & Pooja Logistics: workmen compensation petition under Section 22, Workmen Compensation Act 1923; quantum not quantifiable, hearing 07.10.2026
All amounts originally stated in Indian lakhs; converted to crore (1 crore = 100 lakhs = 10 million). Materiality Threshold = Rs.48.49 lakhs (Rs.0.4849 crore). Company tax-claims table on p289 explicitly aggregates to Rs.2,705.84 lakhs. Company civil suit is sub-threshold (Rs.9.10 lakhs). Deepak Khanna is listed as both Director and Promoter with the same AY 2021 income-tax demand duplicated in both sections. KMP/Senior Management has additional 2 direct-tax cases (Ajay Rajpal: AY 2022 Rs.1.16L + Rs.0.50L interest; AY 2023 Rs.2.43L + Rs.0.83L interest; aggregate ~Rs.4.92 lakhs / Rs.0.049 crore); this exposure is folded into total_amount_cr but no separate bucket exists in the schema. No criminal proceedings or statutory/regulatory actions disclosed against any party. No group companies exist. Material wholly-owned subsidiary (Truckit India Pvt Ltd) has no pending litigation. Separately, material creditor A.K. Roadlines (Prop. Amir Khan) is owed Rs.112.50 lakhs / Rs.1.125 crore (14.56% of consolidated trade payables).. Outstanding means unresolved — a listed case is an exposure, not a verdict.
What the issuer and the exchanges published. Everything else on this tab is read out of these.
The full prospectus — business, financials, risk factors and litigation.
Which institutions were allotted shares before bidding opened, and how many.
The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.
The full prospectus — business, financials, risk factors and litigation.
