October 26, 2022
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Pristine Logistics & Infraprojects IPO Analysis @ Chanakyanipothi.com,
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| Pristine Logistics IPO Grey Market News | ||
| Updated on 26 October 2022 | ||
| Observation: | ||
| Fix | Subject to | |
| GMP Rs. | Application | Application |
| Rs | Rs. | |
| Retail | ||
| Small HNI (2L+) | ||
| Big HNI (10L+) | ||
| Subscription Trend | On 24.09.2022 | at 5.00 pm |
| Shares | Subscribed | |
| QIB | ||
| NII 10L+ | ||
| Retail 2L+ | ||
| Retail | ||
| Employees | ||
| Total |
Pristine Logistics & Infraprojects IPO Promoters
AMIT KUMAR, DURGESH GOVIL, RAJNISH KUMAR AND SANJAY MAWAR
Pristine Logistics & Infraprojects IPO Company Details
Prestine Logistics is one of the leading Indian multi-modal integrated logistics players. It provides logistics infrastructure and services, pivoted around rail transportation networks. It provides synergetic logistics infrastructure and services across the spectrum, including non-container, container, rail transportation and road transportation services. It also provides integrated logistics solutions by offering, (i). warehousing, storage and cargo handling, (ii). rail transportation, (iii). road transportation, and (iv).
third-party logistics (“3PL”) services and identify these services as the Company’s key revenue streams. It is active on both, the western and eastern coasts of India.
The Company currently operates five logistics parks, that include rail linked logistics park, comprising of PFTs, ICDs and one dry port operated through its Subsidiaries, in various districts of Kanpur (Uttar Pradesh), Ludhiana (Punjab), Siliguri (West Bengal) and Patna (Bihar). The dry port is operated at Birgunj (Nepal) and is authorized to handle both containers as well as cargo carried on Indian railway wagons. The Company has been issued a letter of intent for setting up an ICD at Bihta, Bihar the operations for which are expected to begin within the period of one year. It is also constructing two more terminals, one at Mansi (Bihar) and one linked to the dedicated freight corridor (“DFC”) at New Rewari. It has successfully established its presence in certain western states such as Rajasthan and Gujarat in relation to transportation of domestic cargo. The Company also has nine products and services focused Subsidiaries across various parts of India and one step-down Subsidiary in Nepal.
For more information, click www.pristinelogistics.com
Objects of the IPO
The IPO consists of fresh issue of capital and also an offer for sale. The company proposes to utilize the Net Proceeds from the Fresh Issue towards Investment in its Subsidiaries for the purpose of repayment or pre-payment, in full or part, of certain borrowings availed by its Subsidiaries
| Pristine Logistics & Infraprojects IPO Details | |
| IPO opens on | October ,2022 |
| IPO closes on | October ,2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | up to (?) Shares /Rs (?) Crore |
| * Fresh Issue | Rs.250 Cr |
| * Offer for Sale | up to 20,066,269 Shares /Rs (?) Crore |
| Face Value per share: | Rs. 5 |
| Price Band | Rs. (?) |
| Employee discount | Rs. (?) per share |
| Retail Lot Size | (?) Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. |
| QIB (50 %) | – | Rs (?) Cr |
| NII (15 %) | – | Rs (?) Cr |
| RII (35 %) | – | Rs (?) Cr |
| Employees | – | Rs (?) Cr |
| Total Shares | – | |
| Retail portion will be oversubscribed by | – Forms | |
| How much Shares to Apply? | ||
| Min Retail Application | – Shares | Rs. – |
| Max Retail Application | – shares | Rs. – |
| Small HNI (Min) application | – Shares | Rs. – |
| Small HNI (Max) application | – shares | Rs. – |
| Big HNI Application | – shares | Rs. – |
| Pristine Logistics IPO Tentative timetable | |
| IPO opens on | ? ,2022 |
| IPO Closes on | ? ,2022 |
| IPO Allotment on | ? ,2022 |
| Unblocking of ASBA | ? ,2022 |
| Credit to Demat Accounts | ? ,2022 |
| Listing on | ? ,2022 |
| Registered Office of Pristine Logistics | |
| 3rd Floor, Wing – B, Commercial Plaza Radisson Hotel Delhi, NH – 8, Mahipalpur New Delhi 110 037 |
|
| Pristine Logistics IPO Lead Managers | |
| ICICI Securities, HSBC Securities, JM Financial | |
| Registrar to Pristine Logistics IPO | |
| Link Intime India Pvt Ltd. |
| Pristine Logistics IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. | Rs. | Rs. | % | |
| 2019-20 | 474.35 | (8.50) | (1.65) | (2.35) |
| 2020-21 | 563.27 | 4.83 | 1.62 | 2.26 |
| 2021-22 (9M) | 501.29 | (16.54) | (1.79) | (0.82) |
| Book Value of the Share on | 31.12.2021 | Rs.147.55 | ||
| Book Value of the Share | after the IPO | Rs. | ||
| Offer Price | Rs. – | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | – |
| Upper offer price/Book Value Ratio | – |
| Upper offer price/BV after IPO Ratio | – |
| Pristine Logistics IPO Peer Comparison | |||
| as on date of DRHP | Total Income Rs. | Net Profit | PE Ratio |
| Rs. | |||
| Prestine Logistics | ? | ||
| Container Corporation | 0 | 0 | 83.16 |
| Gateway Distriparks | 0 | 0 | 9.65 |
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