Pristine Logistics Submits Confidential IPO Filing to Sebi

New Delhi, Jun 29 (PTI) Rail-focused multimodal logistics company Pristine Logistics & Infraprojects Ltd has confidentially filed preliminary papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO).

The proposed public issue has been filed under Sebi's confidential pre-filing route, which allows companies to keep details of the offer, including its size, out of the public domain until a later stage.

This mechanism retains the flexibility to revise the issue structure based on regulatory feedback and market conditions.

In a public notice on Monday, the company said it has filed "the pre-filed draft red herring prospectus with Sebi and the stock exchanges... in relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges".

Founded in 2008, Pristine Logistics operates a rail-focused multimodal logistics platform, offering integrated logistics infrastructure and services for containerised and non-containerised cargo.

Its operations are centred on long-haul rail transportation, supported by first- and last-mile road connectivity and a network of strategically located logistics terminals across domestic and export-import (EXIM) corridors.


The company is promoted by Amit Kumar, Durgesh Govil, Rajnish Kumar and Sanjay Mawar, who bring experience across Indian Railways, Container Corporation of India (CONCOR), rail infrastructure development, logistics and legal services.

Between FY2023 and FY2025, the company's operational terminal network expanded from eight to 12 terminals. Containerised cargo volumes increased to 506,447 twenty-foot equivalent units (TEUs) from 402,049 TEUs, while non-containerised cargo volumes rose to 2.51 million metric tonnes from 1.92 million metric tonnes.

Pristine offers services including EXIM and domestic container logistics, rail transportation, rail bulk transportation, warehousing, container maintenance and repair, and mining logistics following the acquisition of Sical Logistics Ltd.

As of December 31, 2025, the company operated a fleet of more than 5,000 domestic rail containers and around 455 specialised 40-foot dwarf containers for lightweight cargo transportation. It also offered third-party logistics (3PL) services through a warehousing network of about 1.20 million square feet across India, comprising dedicated and multi-client facilities, including dry and temperature-controlled warehouses.

The company is expanding its logistics infrastructure through three upcoming terminals at Bhurkunda in Jharkhand, Haldia in West Bengal and Bengaluru in Karnataka.

While the Bhurkunda facility will cater to containerised cargo and bulk commodities such as coal and iron ore, the Haldia terminal will mark the company's entry into port-based liquid cargo infrastructure. The Bengaluru project is being developed as a rail-linked inland container depot (ICD) spread over about 67 acres.

Separately, the company recently secured a long-term overburden excavation and removal contract from South Eastern Coalfields Ltd valued at around Rs 3,422 crore providing long-term revenue visibility.