Pristine Logistics files for IPO
Pristine Logistics & Infraprojects Limited has confidentially filed 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, marking a significant step towards a potential initial public offering (IPO).
Founded in 2008, Pristine Logistics is a rail-focused multimodal logistics platform providing integrated logistics infrastructure and services for containerised and non-containerised cargo. The company's operations are centred on long-haul rail transportation, complemented by road-based first- and last-mile connectivity and strategically located logistics terminals across domestic and export-import (EXIM) corridors.
The company is led by promoters Amit Kumar, Durgesh Govil, Rajnish Kumar and Sanjay Mawar, who collectively bring decades of experience across Indian Railways, CONCOR, rail infrastructure development, logistics and legal services. Their expertise has been instrumental in building Pristine's integrated multimodal logistics platform.It has been one of India's fastest-growing rail-focused multimodal logistics players in terms of revenue from operations and EBITDA CAGR between FY2023 and FY2025 among key industry peers. During this period, it expanded its operational terminal network from eight to twelve terminals, while containerised cargo volumes increased from 402,049 TEUs to 506,447 TEUs and non-containerised cargo volumes rose from 1.92 million metric tonnes to 2.51 million metric tonnes.
The company offers a diversified portfolio of services including EXIM and domestic container logistics, rail transportation, rail bulk transportation, warehousing, container maintenance and repair, and mining logistics following its acquisition of Sical Logistics Limited. As of December 31, 2025, it operated a fleet of more than 5,000 domestic rail containers and approximately 455 40-foot dwarf containers designed for the transportation of lightweight cargo. It also provided third-party logistics (3PL) services through a warehousing network spanning approximately 1.20 million sq. ft. across India, comprising dedicated and multi-client facilities, including dry and temperature-controlled warehouses.
The company is further expanding its logistics infrastructure with three upcoming terminals at Bhurkunda (Jharkhand), Haldia (West Bengal) and Bengaluru (Karnataka). It recently secured a long-term overburden excavation and removal contract from South Eastern Coalfields Limited worth approximately ₹3,422 crore (excluding GST), providing long-term revenue visibility.
