Pristine Logistics IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 30, 2023Logistics infrastructure and services provider Pristine Logistics & Infraprojects Limited has filed the Draft Red Herring Prospectus with India’s capital market regulator, the Securities and Exchange Board.
Fresh Issue of equity shares worth Rs. 250 crore will be executed through the Pristine Logistics IPO.
In addition to the fresh Issue, some of the promoters, promoter groups, and other investors of the company will be unloading their shares by way of an Offer for Sale in the IPO.
Here, in this Pristine Logistics IPO Review, we will take you through all the details of the company and its upcoming IPO.
| Face Value | Rs 5 |
| rice Band | Not Disclosed |
| Listing At | BSE, NSE |
| Min. Order Quantity | Not Disclosed |
| Listing Date | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.250 crore |
| IPO Size | Not Disclosed |
| Tick Size | 1 |
Pristine Logistics IPO Overview
Pristine Logistics IPO will have two elements – A fresh Issue of equity aggregating up to Rs. 250 crore and an Offer for Sale for up to 2,00,66,269 equity shares.
The company has prepared and filed the DRHP and will proceed further after the approval of the same.
As per the DRHP, the company might also consider a pre-IPO placement of shares for up to Rs. 50 crore. If the placement is successful, the IPO size will be reduced to the extent of such pre-IPO placement.
Pristine Logistics IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
Pristine Logistics & Infraprojects Limited filed the preliminary papers with SEBI on May 10th. The Pristine Logistics IPO Dates will be available after the IPO approval.
The company plans to raise funds from the general public of about Rs. 1,100 – Rs. 1,200 crore. After considering all the influencing and derivative factors, Pristine Logistics will determine the IPO dates.
Pristine Logistics IPO Price, Size, Share Offerings
| Face Value | Rs.5 |
| Price Band | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.250 crore |
| IPO Size | Not Disclosed |
Pristine Logistics IPO Size will comprise the equity shares offered by means of a Fresh Issue and an Offer for Sale. Promoters and existing shareholders of the company will be selling their company holdings through the upcoming IPO.
The face value of the offered shares is Rs. 5 each. The Pristine Logistics IPO Price will be determined through the Book Building Process, where the investors will bid to subscribe for the securities at different prices.
Pristine Logistics IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Disclosed | |||
GMP or Grey Market Premium is a crucial element of an Initial Public Offering (IPO).
Before the equity shares are listed on the mainboard, they are traded in the unofficial market, popularly known as the Grey Market or parallel market.
The fluctuations arising due to the trading in the company’s shares help evaluate and estimate the listing price of the shares. Pristine Logistics IPO GMP will be updated after the company reveals the IPO opening date.
Pristine Logistics IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The upcoming IPO of Pristine Logistics will be floored after it obtains approval from SEBI.
The Pristine Logistics IPO Subscription will be reserved in the following manner, about 50% of the offer will be reserved for qualified institutional buyers (QIBs). Further, 15% will be allocated to the non-institutional bidders, and not less than 35% will be reserved for allocation to retail individual bidders.
The equity shares offered in the IPO will be listed on BSE and NSE.
Pristine Logistics IPO Allotment Status
Pristine Logistics IPO Allotment will be made after the IPO is closed for the subscription. The allotment will be done according to the subscribers’ demand during the IPO bid opening.
The bids will be received online through the ASBA process or UPI mechanism. After the allotment, the company’s shares will be listed on the stock exchange.
Pristine Logistics IPO Live Performance
You can evaluate Pristine Logistics IPO Performance with a single click here. Investors will not have to search or look for the Pristine Logistics IPO Price at different places when the details are available comprehensively.
Subscribe to Pristine Logistics IPO – Open Free Demat Account Now!
Pristine Logistics – Company Review
It was incorporated in 2008 as “Pristine Infraprojects Private Limited” to offer multi-modal integrated logistics services to customers of diversified sectors.
The company has widened its operations and scale over the years to an overwhelming level.
The company changed its name in 2009 to better illustrate its purpose and align it with its objects. The name was changed to “Pristine Logistics & Infraprojects Private Limited.”
Up to June 2021, Pristine Logistics was operating in the form of a private limited company.
After that, it was converted to a public limited company, and subsequently, its name was changed to “Pristine Logistics & Infraprojects Limited.”
Products or Services
Pristine Logistics & Infraprojects Limited is a logistics and services company. Its operations are primarily routed through rail transportation networks.
Mainly, the services of this entity are Exim containers, domestic containers, dwarf containers, rail transportation, rail bulk transportation, private freight, road transportation, warehousing, container maintenance & repair, and 3PL (third-party logistics).
The company’s integrated logistics infrastructure and services can be availed across non-container, container, rail, and road transportation.
Pristine Logistics terminals are located in Kanpur (Uttar Pradesh), Patna (Bihar), Ludhiana (Punjab), Siliguri (West Bengal), and Nepal.
Promoters and Holding
The Promoters of Pristine Logistics & Infraprojects Limited are:
- Amit Kumar
- Durgesh Govil
- Rajnish Kumar
- Sanjay Mawar
The management of the company consists of:
- Amit Kumar, in the position of Whole-time Director
- Rajnish Kumar, in the position of Whole-time Director
- Sanjay Mawar, in the position of Whole-time Director
- Satishkumarreddy Mulamreddy, in the position of Chairman and Independent Director
- Anuradha Mukhedkar, in the position of Independent Director
- Narayanan Gopalakrishnan, in the position of Non-Executive (Nominee) Director
- Nandan Chopra, in the position of Chief Financial Officer
- Phool Kumar Mishra, in the position of head of finance and Company Secretary
Is Pristine Logistics good for Investment?
Pristine Logistics & Infraprojects Limited is a logistics infrastructure and service provider operating actively in India. Logistics is a fundamental activity in the growth of any country’s economy and operations.
They deliver the goods in their raw and finished form from one end to another. Logistics underpins the efficiency and effectiveness of the work dimensions.
Pristine Logistics caters to the requirements through its terminal situated in multiple locations. It is active on the western and eastern coasts of India.
Over the years, Pristine Logistics has expanded its installed capacity of ICDs and PFTs to 648,000 TEU, which was about 108,000 twenty-foot equivalent units (TEU).
Pristine Logistics Financial Statements
| Amount (in INR & Million) | ||||
| 31-Dec-21 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Assets | 10080.61 | 10120.61 | 6934.02 | 6092.74 |
| Revenue | 5012.85 | 5632.72 | 4743.55 | 3772.86 |
| Expense | 5142.40 | 5583.37 | 4802.90 | 3629.44 |
| Profit After Tax | (165.36) | 48.26 | (85.01) | 114.03 |
Pristine Logistics & Infraprojects Limited is expanding and growing with its exertions. The company has captured a significant portion of the market and is widening its scale.
The company has grown in terms of augmenting financial records as well. The company’s total revenue for 2019, 2020, and 2021 were – 3772.86 million, 4743.55 million, and 5632.72 million, respectively.
Though Pristine Logistics’ revenues are swelling up, the company is unable to secure profit every year. The company’s profit/ (loss) in the years 2019, 2020, and 2021 were – 143.42 million, (59.36) million, and 49.35 million, respectively.
In the nine months of 2021 as well, Pristine Logistics incurred a loss of (129.55) million, and its total income stood at 5012.85 million.
| Earnings per Equity Share (in Million) | ||||
| 31-Dec-21 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Basic & Diluted | (1.79) | 1.62 | (1.65) | 2.03 |
The EPS of Pristine Logistics is also not very productive presently. The EPS has been near zero or negative in the passage of the past three financial years.
Pristine Logistics IPO Review
Pristine Logistics IPO will offer a fresh Issue of shares to the public in exchange for money. Also, the promoters, promoter group, investors, and other shareholders will be offloading their shares in the OFS.
Promoters Amit Kumar, Rajnish Kumar, Sanjay Mawar, and Durgesh Govil will participate in the IPO, besides other promoter groups and existing shareholders, including Renu Govil Ankur Govil, Jyoti Kumar, India Infrastructure Fund II, Anju Singh, and Mohammad Athar Shams.
The IPO is being proposed primarily to pay off the company’s debts and make it debt-free. After accomplishing the IPO objective, the company will be able to focus on its growth aspects.
Pristine Logistics IPO Details
Here are few more details you need to know before investing in Pristine Logistics IPO –
Pristine Logistics IPO Issue Object
- Investment in our Subsidiaries for the purpose of repayment or pre-payment, in full or part, of certain borrowings availed by our Subsidiaries; and
- General corporate purposes
Pristine Logistics IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Integrated logistics service provider with diversified business offerings;
- Synergistic value proposition by leveraging our complementary business verticals creating significant entry barriers and scale of operations;
- Track record of executing projects successfully and efficiently;
- Innovation capabilities and optimum utilisation of latest IT tools and infrastructure to manage operations;
- Efficient capital structure with access to multiple funding sources; and
- Skilled and experienced management team with relevant industry experience.
Quantitative factors are:
| Basic EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 1.62 | 2.26 | 71.68 |
| 31-Mar-20 | (1.65) | (2.35) | – |
| Mar-19 | 2.03 | 2.85 | – |
Pristine Logistics IPO Lead Managers
Here are the list of Lead managers –
- ICICI Securities Limited
- HSBC Securities and Capital Markets (India) Private Limited
- JM Financial Limited
Pristine Logistics IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C 101, 1st Floor
247 Park Lal Bahadur Shastri Marg
Vikhroli (West) Mumbai 400 083
Maharashtra, India
Tel: +91 22 4918 6200
E-mail: pristine.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance E-mail: pristine.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Pristine Logistics IPO – Other Details
- Statutory Auditor – BSR & Associates LLP
- Legal Counsel to the Company – IndusLaw
- Bankers to the Company – HDFC Bank Limited, IndusInd Bank Limited
Pristine Logistics IPO – Conclusion
Pristine Logistics IPO is a way out for the company through its debts. The company’s promoters and other shareholders with substantial stakes in the company are selling their shares.
Also, the company is not entirely a profit-making company. It has widened its operations and is competing with some of the large players in the industry. Logistics is a vital sector for any country to run its operations smoothly.
Therefore, the company has a large area to grow and improve its present standing.
To Subscribe to Pristine Logistics IPO – Open Demat Account Now!
Pristine Logistics IPO Review FAQs
Check out the FAQs on Pristine Logistics IPO –
What is the Issue Size of Pristine Logistics IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Pristine Logistics IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.5 per share.
What is the Pristine Logistics IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Pristine Logistics IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Pristine Logistics IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Pristine Logistics IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Pristine Logistics IPO?
Here are the promoters of this IPO – AMIT KUMAR, DURGESH GOVIL, RAJNISH KUMAR AND SANJAY MAWAR. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Pristine Logistics IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Pristine Logistics IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Pristine Logistics Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is 48.26, 2020 is (85.01), 2019 is 114.03. PAT from Dec 2021 is (165.36).
Featured Topics