Rail-focused logistics firm Pristine Logistics confidentially files IPO papers with Sebi

Rail-focused multimodal logistics company Pristine Logistics and Infraprojects has confidentially filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi under the regulator's pre-filing route, taking a key step towards a proposed IPO.

Founded in 2008, Pristine Logistics operates an integrated rail-focused multimodal logistics platform, offering transportation and infrastructure solutions for both containerised and non-containerised cargo. Its operations combine long-haul rail transportation with first- and last-mile road connectivity through strategically located logistics terminals serving domestic and export-import (EXIM) corridors.

The company has emerged as one of India's fastest-growing rail-focused multimodal logistics players in terms of revenue and EBITDA growth between FY23 and FY25. During the period, it expanded its terminal network from eight to 12 terminals, while container 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.

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Pristine offers a diversified portfolio of services including EXIM and domestic container logistics, rail transportation, bulk rail logistics, warehousing, container maintenance and repair, and mining logistics following its acquisition of Sical Logistics. As of December 31, 2025, the company operated more than 5,000 domestic rail containers and around 455 specialised 40-foot dwarf containers, besides managing a warehousing network of approximately 1.2 million square feet across India.

The company is also expanding its logistics footprint with new terminals at Bhurkunda (Jharkhand), Haldia (West Bengal) and Bengaluru (Karnataka). The Haldia facility will mark its entry into port-based liquid cargo logistics, while the Bengaluru project is being developed as a rail-linked inland container depot near major industrial hubs.

Adding to its growth pipeline, Pristine recently secured a long-term overburden excavation and removal contract worth Rs 3,422 crore (excluding GST) from South Eastern Coalfields Limited, providing significant long-term revenue visibility.