Pristine Logistics Files Confidential DRHP with SEBI, Eyes IPO Launch

Pristine Logistics & Infraprojects Limited has taken a significant step toward going public, confidentially submitting its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) through the pre-filing route. The move signals the company's formal intent to launch an initial public offering in the near term.

Established in 2008, Pristine Logistics has built its identity around a rail-focused multimodal logistics model that serves both containerised and non-containerised cargo segments. Its core strength lies in long-haul rail transportation, complemented by first- and last-mile road connectivity and a strategically distributed terminal network spanning domestic and EXIM trade corridors.

The company is promoted by Amit Kumar, Durgesh Govil, Rajnish Kumar, and Sanjay Mawar, a leadership team with deep roots in Indian Railways, CONCOR, rail infrastructure development, logistics operations, and legal services.

Over the two-year period between FY2023 and FY2025, Pristine emerged as one of India's fastest-growing rail logistics players by revenue and EBITDA growth.

Its terminal network expanded from eight to twelve locations, containerised cargo volumes climbed from 402,049 TEUs to 506,447 TEUs, and non-containerised volumes rose from 1.92 million metric tonnes to 2.51 million metric tonnes.

The company's service portfolio spans EXIM and domestic container logistics, rail transportation, bulk cargo movement, warehousing, container maintenance and repair, and mining logistics the last of which was added through its acquisition of Sical Logistics Limited. As of December 31, 2025, Pristine operated over 5,000 domestic rail containers alongside approximately 455 specialised 40-foot dwarf containers designed for lightweight cargo.

Its third-party logistics arm is backed by a warehousing footprint of roughly 1.20 million square feet across India, encompassing dedicated facilities, multi-client warehouses, and temperature-controlled storage infrastructure.

Looking ahead, Pristine is actively expanding its terminal presence with three new facilities in the pipeline. The Bhurkunda terminal in Jharkhand will handle both containerised cargo and bulk commodities including coal and iron ore. The Haldia project in West Bengal marks the company's entry into port-based liquid cargo handling. The Bengaluru terminal, spanning approximately 67 acres in Karnataka, is being developed as a rail-linked inland container depot positioned close to major industrial clusters.

Adding further momentum to its growth story, Pristine recently secured a long-term overburden removal contract from South Eastern Coalfields Limited valued at approximately Rs 3,422 crore, providing meaningful revenue visibility as it prepares for its public market debut.