<p data-path-to-node="3"><b data-path-to-node="3" data-index-in-node="0">NEW DELHI</b> — In a major capital markets milestone for India’s specialized refrigerated transport ecosystem, temperature-controlled fleet operator Pooja Logistics Limited officially concluded the subscription window for its ₹44.23-crore initial public offering (IPO) on the NSE EMERGE platform today.</p><p data-path-to-node="4">The offering, which opened for commercial bidding on September 23, was structured entirely as a fresh issue of up to 38,46,000 equity shares priced across a band of ₹109 to ₹115 per share. Capital market desks and SME syndicate brokers reported strong aggregate investor participation across both qualified institutional buyer (QIB) and non-institutional investor books, reflecting rising investor interest in specialized domestic cold-chain infrastructure ahead of the high-velocity autumn retail and festive consumption peak.</p><p data-path-to-node="5">Under the capital allocation blueprint filed with market regulators, Pooja Logistics has dedicated the bulk of the net proceeds—amounting to approximately ₹33.97 crore—specifically to fund the acquisition of new commercial refrigerated transport assets. The capital deployment is slated to modernize and scale the company's existing fleet of 424 GPS-enabled refrigerated vehicles, substantially increasing transport availability across key consumption centers and industrial processing zones.</p><h6 data-path-to-node="7"><b>Fleet Modernization and Multi-Zone Reefer Deployment</b></h6><p data-path-to-node="8">The capital expenditure program targets the growing operational demand for temperature-sensitive linehaul and city-feeder logistics:</p><ul data-path-to-node="9"><li><p data-path-to-node="9,0,0"><b data-path-to-node="9,0,0" data-index-in-node="0">Multi-Axle Deep-Freeze Heavy Haulers:</b> Sourcing contracts will introduce advanced 32-foot and 40-foot multi-axle refrigerated trucks equipped with high-output refrigeration units, engineered to sustain deep-freeze transit envelopes down to -25°C for frozen dairy, confectionery, processed foods, and ice cream manufacturers.</p></li><li><p data-path-to-node="9,1,0"><b data-path-to-node="9,1,0" data-index-in-node="0">Agile Mid-Mile Reefer Chassis:</b> A secondary batch of rigid intermediate commercial vehicles (ICVs) will be deployed across quick-service restaurant (QSR) distribution routes, allowing dairy processors and retail food syndicates to execute multi-drop urban replenishment with minimal thermal loss.</p></li><li><p data-path-to-node="9,2,0"><b data-path-to-node="9,2,0" data-index-in-node="0">Continuous IoT Sensor Grids:</b> All incoming fleet additions are factory-specified with dual-compartment climate isolation, electronic door-opening telemetry, and continuous real-time temperature loggers linked directly to central fleet management dashboards, guaranteeing audit-ready compliance for food safety regulators.</p></li></ul><h6 data-path-to-node="11"><b>Strategic Pivot from Spot Drayage to Contracted 3PL Logistics</b></h6><p data-path-to-node="12">Company leadership emphasized that expanding the corporate-owned vehicle inventory allows Pooja Logistics to shift from spot-market trip contracts to multi-year Service Level Agreements (SLAs) with blue-chip corporate clients:</p><ul data-path-to-node="13"><li><p data-path-to-node="13,0,0"><b data-path-to-node="13,0,0" data-index-in-node="0">Direct QSR and Food Service Integration:</b> Fast-expanding international quick-service restaurant chains operating across Indian metropolitan centers are demanding rigid transit SLAs to prevent cold-chain breaks between central manufacturing hubs and regional fulfillment centers.</p></li><li><p data-path-to-node="13,1,0"><b data-path-to-node="13,1,0" data-index-in-node="0">Mitigating Spot Fleet Deficits:</b> Historically, domestic cold-chain forwarders have relied heavily on third-party market-hired trucks during festival spikes, exposing shippers to erratic spot rate inflation and inconsistent refrigeration maintenance. Expanding corporate fleet ownership establishes dedicated vehicle availability and price certainty.</p></li><li><p data-path-to-node="13,2,0"><b data-path-to-node="13,2,0" data-index-in-node="0">Cross-Regional Industrial Connectivity:</b> The newly financed fleet will reinforce primary logistics spines connecting agricultural and dairy processing belts across Gujarat, Maharashtra, Punjab, and Haryana to distribution nodes across Southern and Eastern India.</p></li></ul><p data-path-to-node="14">Market analysts note that the public offering underscores the ongoing corporatization and formalization of India's road freight and cold-chain sectors, where increasing compliance standards are driving capital into dedicated, technology-enabled logistics operators.</p>