Pristine Logistics and Infraprojects IPO

Pristine Logistics and Infraprojects Limited is a multi-modal integrated logistics company based in India. Pristine Logistics and Infraprojects IPO will hit the stock market in September 2022.

About Pristine Logistics and Infraprojects

Pristine Logistics and Infraprojects Limited specializes in providing logistics infrastructure and services that are centered on rail transportation networks.

They offer integrated logistics infrastructure and services throughout the spectrum, including non-container, container, rail, and road transportation.

They also provide comprehensive logistics solutions, such as warehousing, storage, and cargo handling, as well as rail, road, and third-party logistics (“3PL”) services, and these services are identified as the Company’s major income sources.

Pristine Logistics and Infraprojects limited operate on both India’s western and eastern shores. They now manage five logistics parks in diverse areas of Kanpur (Uttar Pradesh), Ludhiana (Punjab), Siliguri (West Bengal), and Patna, including a rail-linked logistics park with PFTs, ICDs, and one dry port operated through their subsidiaries (Bihar).

Growth

Pristine Logistics and Infraprojects operates a dry port at Birgunj (Nepal) that is licensed to handle both containers and freight carried on Indian railway carriages.

A letter of intent has been awarded to the Company for the establishment of an ICD in Bihta, Bihar, with operations scheduled to commence within a year.

They’re also building two new terminals, one in Mansi (Bihar) and the other in New Rewari, all of which will be connected to the dedicated freight corridor (“DFC”).

In terms of domestic freight transportation, they have effectively built their presence in various western states like as Rajasthan and Gujarat.

They also have nine product and service-focused Subsidiaries spread across India, as well as one step-down Subsidiary in Nepal.

Other Services

Pristine Logistics and Infraprojects also have a category I container train operator (“CTO”) license for its EXIM operations in the NCR / Ludhiana to Mundra / Pipavav route, Kanpur to Jawaharlal Nehru Port Trust (“JNPT”) / Mundra route, Siliguri to Kolkata route, and Visakhapatnam / Kolkata to Birgunj route.

They have ports in Kolkata (West Bengal), Visakhapatnam (Andhra Pradesh), JNPT (Maharashtra), Mundra (Gujarat), and Pipavav (Gujarat) (Gujarat).

Pristine Logistics and Infraprojects limited also trade through their terminal partner on the Faridabad alignment, who is building a new terminal linked to the DFC at New Rewari in order to expand their reach in the National Capital Region (“NCR”).

Agri-commodities, leather, meat, textiles, and car components are just a few of the commodities they deal with.

Pristine Logistics and Infraprojects IPO

Pristine Logistics and Infraprojects Limited, headquartered in New Delhi has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 250 Crore and 20,066,269 Equity Shares on 10 May 2022.

The offer includes a fresh issue of INR 250 Crore and there is offer for sale (OFS) of 20,066,269  Equity Shares by the promoters mentioned in the DRHP. They are looking for a Pre-IPO placement of INR 50 Crore in this issue.

They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Financials Trends

Particulars	For the year/period ended ( in Cr.)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	1,008.06	1,012.06	693.40	609.27
Total Revenue	501.29	563.27	474.36	377.29
Profit After Tax	(12.96)	4.94	(5.94)	14.34

Basic and Diluted Earnings Per Share

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2021	1.62	1.62	3
Financial Year 2020	(1.65)	(1.65)	2
Financial Year 2019	2.03	2.03	1
Weighted Average	0.60	0.60
31 Dec. 2021	(1.79)	(1.79)

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of the offer

They feel that the following qualitative factors & business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the Offer Price:

• Integrated logistics service provider with a wide range of products and services.
• By utilizing the complementary business verticals, they may create considerable entry barriers and scale of operations, resulting in a synergistic value offer.
• Proven track record of effectively and efficiently completing projects.
• To manage operations, you’ll need innovation skills and the best use of the newest IT tools and infrastructure.
• A capital structure that is efficient and has access to a variety of funding sources.
• With appropriate industry knowledge, a skilled and seasoned management team is in place.

Pristine Logistics and Infraprojects Peer Comparison

S. No.	Face Value	Company Name	PE
1	5	Container Corporation of India Limited	83.16
2	10	Gateway Distriparks Limited	9.65

1. All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2021, which can be found on the Stock Exchanges’ websites.
2. The P/E ratio is calculated by dividing the closing market price of equity shares on the NSE on April 21, 2022 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2021.

Pristine Logistics and Infraprojects IPO Details

IPO Opening Date	September 2022
IPO Closing Date	September 2022
Issue Type	Book Building
Face Value	5 per share
IPO Price	0 to 0 per equity share
Market Lot	–
Min Amount	–
Listing At	BSE, NSE
Issue Size	–
Fresh Issue	250 Crore
Offer for Sale	20,066,269 Equity Shares

Pristine Logistics and Infraprojects IPO Date

Pristine Logistics and Infraprojects Limited IPO opening date is September 2022, and the closing date is September 2022. The Pristine Logistics and Infraprojects issue may list in September 2022.

IPO Opening Date	September 2022
IPO Closing Date	September 2022
Basis of Allotment Date	September 2022
Initiation of Refunds	September 2022
Credit of Shares to Demat Account	September 2022
IPO Listing Date	September 2022

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	50	Roughly  equivalent
Non Institutional Investor	15	Roughly  equivalent
Retail	35	Minimum 1 lot based on availability

Pristine Logistics and Infraprojects India Limited IPO Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of Pristine Logistics and Infraprojects IPO.

Pristine Logistics and Infraprojects IPO GMP

Pristine Logistics and Infraprojects Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:

Date	GMP (in Rs)	Subject to Sauda	Kostak (in Rs)
September 2022
September 2022
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September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022

Check Out the GMP of all Other IPOs

IPO Grey Market Premium

Pristine Logistics and Infraprojects Limited IPO Review

Pristine Logistics and Infraprojects Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Pristine Logistics and Infraprojects IPO is good or bad.

Pristine Logistics and Infraprojects Limited IPO Risk

• Cost overruns or delays in their under-construction projects are a possibility.
• Failure to adhere to strict environmental rules might have a negative impact on their business & operations.
• Pristine Malwa, one of their subsidiaries, has presented a resolution plan for the purchase of Sical Logistics Limited, which is now undergoing corporate insolvency resolution under the Insolvency and Bankruptcy Code, 2016.
• They are vulnerable to risks connected to fuel & power prices and availability, which might have a negative impact on their business, profitability, and operations.
• They run bonded warehouses under licenses provided by the appropriate customs authorities, and any failure to comply with the requirements of these licenses might result in their revocation, which could have a negative impact on their operations.

Other Threats

1. They may become indebted as a result of the purchase of Sical and the subsequent restoration of its activities. This might have a negative impact on their business operations.
2. They operate our Container Train Operator business under the terms of an arrangement with the Indian Railways, which includes certain onerous requirements.
3. Their business may suffer as a result of a lack of an effective transportation network & dependable transportation infrastructure.
4. Due to a variety of factors, they may not be able to reap the anticipated benefits from the acquisition of Sical.
5. Severe weather & natural catastrophes may have a negative impact on their facilities & company operations.
6. They might not be able to buy or lease rakes at reasonable prices in the future.

Pristine Logistics and Infraprojects Limited IPO Brokerage views

Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this Pristine Logistics and Infraprojects IPO:

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

Pristine Logistics and Infraprojects Limited IPO Subscription Status

Date	Day	QIB	NII	Retail	Employees	Total Subscription
September 2022	1
September 2022	2
September 2022	3

Pristine Logistics and Infraprojects Limited Management

Pristine Logistics and Infraprojects Limited’s Promoters, who have vast experience dealing with Indian Railways, play a critical and active part in the running of their company.

They oversee their company’s strategy, growth, and operations in accordance with their company’s goal, “Passion to Move.” Amit Kumar and Rajnish Kumar formerly worked for the Indian Railways Traffic Service and CONCOR, respectively.

Durgesh Govil previously worked for the Indian Railways before being transferred to Rail Vikas Nigam Limited, a government-owned company under the Ministry of Railways.

Sanjay Mawar has over 26 years of legal and administrative expertise. In running Pristine Logistics and Infraprojects and carrying out their company’s goal, their Promoters are backed up by an experienced management team.

Pristine Logistics and Infraprojects Limited‘ Promoters

• Amit Kumar
• Durgesh Govil
• Rajnish Kumar
• Sanjay Mawar

Promoter’s Holding

Pre Issue Share Holding	30.58%
Post Issue Share Holding

Pristine Logistics and Infraprojects Limited Prospectus