Pristine Logistics & Infraprojects IPO
- Status: Upcoming
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Last Updated: 15 February 2024 5:55 PM by rahul_raskar
Pristine Logistics & Infraprojects Limited IPO will open in 2024. The company is a multi-modal integrated logistics player. The IPO includes a fresh issue worth ₹250 cr. and an Offer-for-Sale (OFS) of 20,066,269 equity shares. The share allotment date and listing date are yet to be announced. The price band and the lot size are yet to be declared.
ICICI Securities Limited, HSBC Securities and Capital Markets (India) Private Limited, and JM Financial Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Pristine Logistics IPO:
● To invest in its subsidiary for the purpose of repayment or pre-payment, in full or part, of certain borrowings availed by our Subsidiaries.
● General corporate purpose.
Pristine Logistics & Infraprojects Limited is a multi-modal integrated logistics company. It offers logistics infrastructure and services for rail transportation networks as well as synergetic logistics infrastructure and services for non-container, container, rail transportation and road transportation services.
Pristine Logistics & Infraprojects specializes in providing integrated logistics solutions for i) warehousing, storage and cargo handling ii). rail transportation iii). road transportation, and iv). third-party logistics (“3PL”) services.
The company also operates five logistics parks such as rail rail-linked logistics park, which includes PFTs, ICDs and one dry port which is operated by its Subsidiaries.
Peer Comparison
● Container Corporation of India Limited
● Gateway Distriparks Limited
| Particulars (in Rs. Crores) | FY21 | FY20 | FY19 |
|---|---|---|---|
| Revenue from operations | 556.93 | 469.27 | 365.07 |
| EBITDA | 102.20 | 47.56 | 44.01 |
| PAT | 4.82 | -8.50 | 11.40 |
| Particulars (in Rs. Crores) | FY21 | FY20 | FY19 |
|---|---|---|---|
| Total Assets | 1012.06 | 693.40 | 609.27 |
| Share Capital | 26.83 | 26.83 | 26.83 |
| Total Borrowings | 621.74 | 305.97 | 217.56 |
| Particulars (in Rs. Crores) | FY21 | FY20 | FY19 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 91.52 | 22.61 | -11.75 |
| Net cash from / (used in) investing activities | -179.40 | -39.47 | -97.65 |
| Net cash flow from / (used in) financing activities | 85.61 | -16.09 | -12.62 |
| Net increase (decrease) in cash and cash equivalents | -2.27 | -32.96 | -122.02 |
Strengths
1. The company is an Integrated Logistics Service Provider with Diversified Business Offerings.
2. It has a Synergistic value proposition by leveraging complementary business verticals creating significant entry barriers and scale of operations.
3. It has a track record of executing projects successfully and efficiently.
4. The company has innovation capabilities and optimum utilisation of the latest IT tools and infrastructure to manage operations.
5. It also has an efficient capital structure with access to multiple funding sources.
6. Experienced Promoters and Senior Management.
Risks
1. The company’s under-construction projects may be subject to cost overruns or delays.
2. The business is exposed to risks related to the price and availability of fuel and electricity.
3. The business operations may be adversely affected by severe weather conditions.
4. There are risks associated with the engagement of third-party contractors and logistics providers.
5. It has substantial working capital requirements.
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FAQs
Pristine Logistics & Infraprojects IPO details are yet to be announced.
Pristine Logistics & Infraprojects IPO size is yet to be announced.
To apply for Pristine Logistics & Infraprojects IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Pristine Logistics IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
The price band of Pristine Logistics & Infraprojects IPO is yet to be announced.
What is the minimum lot size and investment required for the Pristine Logistics & Infraprojects IPO?
Pristine Logistics & Infraprojects IPO details are yet to be announced.
The allotment date of Pristine Logistics & Infraprojects IPO is yet to be announced.
The Pristine Logistics & Infraprojects IPO listing date is yet to be announced.
ICICI Securities Limited, HSBC Securities and Capital Markets (India) Private Limited, and JM Financial Limited are the book-running lead managers for Pristine Logistics & Infraprojects IPO.
Pristine Logistics & Infraprojects Limited plans to utilize the raised capital from the IPO to:
1. To invest in its subsidiary for the purpose of repayment or pre-payment, in full or part, of certain borrowings availed by our Subsidiaries.
2. General corporate purpose.