Deltatech Gaming,Pristine Logistics get Sebi bells for IPO
Deltatech Gaming Ltd and Pristine Logistics & Infraprojects NSE 0.38% Ltd have entered Sebi’s go- ahead to raise finances through an original public immolation (IPO). The two companies, which filed their primary IPO papers with Sebi during May and June, attained its observation letter on September 30, an update with the requests watchdog showed on Monday.
In Sebi’s parlance, its observation implies its nod to launch an IPO. Going by the draft papers, Deltatech Gaming’s Rs 550-crore IPO comprises fresh issue of equity shares worth up to Rs 300 crore and an offer- for- trade (OFS) of Rs 250 crore by protagonist Delta Corp Ltd NSE 5.34%.
Proceeds worth Rs 150 crore from the fresh allocation will be utilized for organic growth through marketing and business creation conditioning, to attract new gamers and retain the living bones, Rs 50 crore will be used for strengthening the technology structure to develop new capabilities, maintain and manage its living platform and general commercial purposes. The Gurugram- grounded company is one of the foremost companies in the real plutocrat gaming member in India. Over the times, the digital gaming company has developed its own platforms, which it continues to evolve.
Pristine Logistics & Infraprojects’ original share- trade comprises fresh allocation of equity shares worth Rs 250 crore and an OFS 20,066,269 of equity shares by promoters and being shareholders, according to the Draft Red Herring Prospectus (DRHP). Proceeds from the fresh allocation will be used to repay debt and for general commercial purposes.
Pristine provides logistics structure and services, rotated around rail transportation networks. It also offers synergetic logistics structure and services across the diapason, including non-container, vessel, rail transportation and road transportation services. It also helps in areas similar as integrated logistics results by offering warehousing, storehouse and weight running, rail transportation, road transportation, and third- party logistics (3PL) services and identifies these services as the company’s crucial profit aqueducts.
Equity shares of both companies will be listed on BSE and NSE. Meanwhile, Mukka Protein, which filed its IPO papers with Sebi in March this time, withdrew its DRHP on September 27, an update with Sebi showed. The company is engaged in manufacturing of fish mess, fish oil painting and fish answerable paste which is extensively used as a raw material in aqua feed, flesh feed, cleaner manufacture, leather tanneries and makeup diligence encyclopedically.
About Deltatech Gaming ltd.
A subsidiary of Delta Corp. Ltd. – A publicly listed Indian gaming and hospitality company -Deltatech Gaming Limited (formerly known as Gaussian Networks) has been a frontrunner in India’s online gaming industry since 2011. We are India’s biggest and most trusted brand, catering to India’s growing gaming population with our top-of-the-line gaming apps like Adda52, Adda52Games & Adda52Rummy, through the best-in-class gaming experience!
To create a safe, regulated, and responsible gaming environment through innovation, talent, and technology. To deliver the best gaming products and experiences along with the best possible entertainment value in order to achieve quality and excellence in services while making the most of the team’s talent. Expertise. Experience. Innovation.
We tend to deliver the best to our stakeholders; we brought you innovation through combination of technology and creativity. Know more about our Board of Directors and Management.
About Pristine Logistics
Incorporated in the year 2008, Pristine Group is one of the leading Indian multi-modal integrated logistics players. We provide logistics infrastructure and services, pivoted around rail transportation networks. Pristine provides synergetic logistics infrastructure and services across the spectrum, including non-container, container, rail transportation and road transportation services. We also provide integrated logistics solutions by offering, (I). warehousing, storage and cargo handling, (ii). rail transportation, (iii). road transportation, and (iv). third-party logistics (“3PL”) services. We are active on both, the western and eastern coasts of India.
Pristine Group has established an execution track record in the development and operations of ICDs and PFTs. We have integrated our rail-focussed logistics infrastructure with our logistics offerings. We currently operate five logistics parks, through our Subsidiaries, in various districts of Kanpur (Uttar Pradesh), Ludhiana (Punjab), Siliguri (West Bengal), Patna (Bihar) and Birgunj (Nepal) and are authorised to handle both containers as well as cargo carried on Indian railway wagons.
We transport a wide range of cargo, which can be broadly classified into two categories: (i) container (EXIM and domestic); and (ii). non-container cargoes (liquid, break-bulk and bulk). Our rail services are focussed on rail-linked PFTs, ICDs or rail-linked hinterland port services for containerized cargo, and rail services for EXIM containers between hinterland ICDs and gateway ports.
Our multi-modal services offer a combination of rail-road (including CTO and specialised rail transportation such as dwarf containers) linked services and are focussed on containerized domestic cargo and Indo-Nepal trade cargo. Our terminal services provide solutions for cargo movement using wagons owned by the Indian Railways, including handling, storage, consolidation, and distribution of such cargo.
Our first-mile, last-mile services establish us as an organized and integrated transportation services provider. Pristine owns warehousing area of approximately 9,05,000 square feet and approximately 2,624 Domestic standard containers and 395 dwarf containers. Further, we operate approximately 390 trailers and 37 rakes. Further, the group has adopted and will continue to apply global best practices in respect of environment, health, sustainability and social standards.