Pristine Logistics’ major step towards IPO in rail logistics sector; Confidential DRHP filed with SEBI

Mumbai: Pristine Logistics and Infraprojects Limited, a fast-expanding rail-centric logistics sector in the country, is now gearing up to enter the capital markets. The company has filed a draft red herring prospectus (DRHP) confidentially under the pre-filing route with the Securities and Exchange Board of India (SEBI) for a potential initial public offering (IPO). The company released this information through an official notice.

In the past few years, Pristine Logistics has been one of the leading companies investing heavily in the logistics sector and expanding infrastructure. Therefore, the market is paying attention to the company’s IPO.

Founded in 2008, Pristine Logistics is a multimodal logistics company offering integrated services for containerized and non-containerized cargo. Although the company’s core business is based on rail transport, it also provides services in the domestic as well as import-export (EXIM) sector, adding road transport for first and last-mile delivery.

The company is headed by Amit Kumar, Durgesh Govil, Rajnish Kumar and Sanjay Mawar. His experience in Indian Railways, CONCOR, logistics and infrastructure sectors is considered to be a key pillar behind the company’s growth.

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The company expanded its business rapidly during FY 2023 to 2025. The number of operational terminals increased from 8 to 12 during this period. Container handling increased from 4.02 lakh TEU to 5.06 lakh TEU, while non-containerized cargo rose to 2.51 million metric tonnes from 1.92 million metric tonnes. This growth is not limited to numbers, but reflects the company’s ability to respond to the needs of the growing industrial and export sector across the country.

After the acquisition of Sickle Logistics Limited, the company has started various services like container logistics, rail freight, warehousing, container repair and mining logistics.

The company currently has over 5,000 rail containers, 455 special dwarf containers and around 1.20 million square feet of warehousing space available. It also includes dry warehouse along with cold storage facilities. Apart from this, new logistics terminals are being set up at Bhurkunda in Jharkhand, Haldia in West Bengal and Bengaluru in Karnataka. In particular, the Inland Container Depot (ICD) to be developed on a 67-acre site in Bengaluru is expected to be important for industries in South India.

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Pristine Logistics recently bagged a long-term excavation and overburden removal contract worth Rs 3,422 crore (excluding GST) from South Eastern Coalfields Limited (SECL). The deal is expected to stabilize the company’s long-term revenue.

Under SEBI’s pre-filing route, a company can initially file a DRHP in a confidential manner. This gives the company more time and flexibility to anticipate market conditions and make necessary changes. The IPO size, price band and other details related to the issue are made public only after final approval.

The decision by Pristine Logistics is not only important for the company’s expansion plans, but is also seen as underscoring investor confidence in India’s growing rail-based logistics sector.