According to a prospectus filed by Pristine Logistics and Infraprojects Limited, the company’s IPO is a combination of fresh shares up to Rs 250 core and an offer for sale of over two crore equities from the company’s promoters. The company is one of the major multi-modal logistics players in India.
The company is a logistics infrastructure and services provider, offering synergetic logistics infrastructure and services across the spectrum of non-container, container, rail transportation and road transportation services primarily in the eastern and western coasts of India.
Pristine Logistics operates five logistic parks, including rail-linked logistics parks comprising PFTs, ICDs and one dry port operated through subsidiaries.
Pristine Logistics and Infraprojects Ltd.Objective
- According to the IPO prospectus, the company intends to utilise the net proceeds from the new shares to invest in subsidiaries and repay and pre-pay certain market borrowings.
Why should you invest in Pristine Logistics and Infraprojects Ltd.IPO?
Here are our top reasons.
- The company has forged long-standing relationships with customers and partners through integrated logistics services.
- The company deals with various products, including agri-commodities, leather, meat, textiles and auto parts.
- They have a long and proven track record of thirteen years in providing integrated rail transportation.
IPO Financials
| Particulars | FY21 | FY20 |
|---|---|---|
| Revenue From Operation | 5,569.33 | 4,692.74 |
| EBITDA | 1,022.00 | 475.58 |
| EBITDA Margin (%) | 18.35 | 10.13 |
| Profit After Tax | 48.26 | 85.01 |
| EPS | 1.62 | 1.65 |
| ROE | NA | NA |
Know before investing
Strengths
3The brand’s strength is a customer-centric approach to offering integrated logistics infrastructure and service solutions.
They are backed by marquee investors like UTI Capital Private Limited and CDC.
Their skilled and experienced management and relevant industry experience can make their offer attractive to investors.
Risks
3Under-construction projects can lead to cost overruns or delays, which might impact the company’s financial performance.
Failing to meet stringent environmental guidelines can adversely impact the company’s future cash flow.
The company may fail in its acquisition venture of Sical Logistics Limited, which can impact its future business plans.
Peer Comparison
| Company Name | Revenue from Operation in FY21 (in Rs million) | P/E | EPS | Dividend Yield |
|---|---|---|---|---|
| Pristine Logistics and Infraprojects Ltd. | 5,569.33 | NA | 1.62 | - |
| Container Corporation of India Limited | 64,270.80 | 83.16 | 8.22 | - |
| Gateway Distriparks Limited | 11,793.52 | 16.58 | 9.65 | - |
