Pristine Logistics set for Rs.1,100 core IPO

Pristine Logistics will file its draft red herring prospectus with the Sebi next week. The offer comprises fresh issuance of shares along with an offer for sale by shareholders.

MUMBAI: Pristine Logistics & Infraprojects Ltd plans to raise ₹1,100 crores through an initial public offering (IPO), according to people aware of the development. The company will file its draft red herring prospectus with the Securities and Exchange Board of India next week. The offer comprises fresh issuance of shares along with an offer for sale by shareholders. The proceeds will be used to fund working capital and for general corporate purposes.


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