Pristine Logistics files confidential IPO papers with Sebi under pre-filing route

Pristine Logistics & Infraprojects Limited has taken a key step toward a public listing by confidentially filing its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) under the pre-filing route, according to a public notice issued by the company.  

The move signals the rail-focused multimodal logistics player’s intention to pursue an initial public offering (IPO), although details of the issue size and timeline remain undisclosed at this stage.  

Founded in 2008, Pristine Logistics operates an integrated multimodal logistics platform focused on rail-led cargo transportation across domestic and export-import (EXIM) corridors. Its operations combine long-haul rail movement with first- and last-mile road connectivity and a network of strategically located logistics terminals.  

The company is promoted by Amit Kumar, Durgesh Govil, Rajnish Kumar, and Sanjay Mawar, whose collective experience spans Indian Railways, CONCOR, rail infrastructure, logistics, and legal services.  

Pristine has emerged as one of India’s fastest-growing rail-focused multimodal logistics companies in terms of revenue from operations and EBITDA CAGR between FY23 and FY25 among key industry peers. During this period, the company expanded its terminal network from eight to twelve facilities.  

Operational volumes also recorded growth, with containerised cargo increasing from 402,049 TEUs in FY23 to 506,447 TEUs in FY25 while non-containerised cargo volumes rose from 1.92 million metric tonnes to 2.51 million metric tonnes.  

The company offers a diversified services portfolio that includes EXIM and domestic container logistics, rail transportation, bulk cargo movement, warehousing, container maintenance and repair, and mining logistics following its acquisition of Sical Logistics Limited.  

As of December 31, 2025, Pristine operated a fleet of more than 5,000 domestic rail containers and around 455 specialised 40-foot dwarf containers designed for lightweight cargo transportation.  

Its third-party logistics (3PL) operations are supported by a warehousing network covering nearly 1.20 million sq. ft. across India, including dedicated, multi-client, dry and temperature-controlled facilities.  

The company is also expanding infrastructure capacity with three new logistics projects under development at Bhurkunda in Jharkhand, Haldia in West Bengal and Bengaluru in Karnataka.  

The Bhurkunda terminal is planned to handle both containerised cargo and bulk commodities such as coal and iron ore. The Haldia project marks Pristine’s entry into port-based liquid cargo infrastructure, targeting edible oils, chemicals and related segments.  

Meanwhile, the Bengaluru facility, spread across approximately 67 acres, is being developed as a rail-linked inland container depot (ICD) near major industrial and warehousing clusters.  

Strengthening its order pipeline, the company recently secured a long-term overburden excavation and removal contract from South Eastern Coalfields Limited worth around ₹3,422 crore (excluding GST), providing long-term revenue visibility as it prepares for the next phase of growth.