Gujarat-based logistics company Yatayat Corporation files DRHP with Sebi for IPO

Gujarat-based logistics and transportation services company Yatayat Corporation India has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for its proposed initial public offering (IPO).

The IPO will comprise a fresh issue of up to 77 lakh equity shares and an offer for sale (OFS) of up to 56 lakh equity shares by a promoter selling shareholder, taking the total offer size to up to 1.33 crore equity shares.

Promoter Meena Praveen Aggarwal is the selling shareholder. The other promoters of the company are Shreyan Aggarwal, Meena Praveen Aggarwal and Sonakshi Aggarwal.

The equity shares are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited (NSE).

Yatayat Corporation India may also consider a pre-IPO placement of equity shares, aggregating up to Rs 100 crore prior to filing of the Red Herring Prospectus with the RoC as per the Draft Red Herring Prospectus (DRHP).

Yatayat Corporation IPO proceeds
Proceeds from the fresh issue are proposed to be utilised towards repayment of certain borrowings, meeting working capital requirements and general corporate purposes. About the company

Yatayat Corporation operates in the road logistics segment, with its business focused on Full Truck Load (FTL) transportation, providing point-to-point freight movement across key logistics corridors in India and is supported by 34 branches and 1 warehouse across 12 states.

A key differentiator of its logistics platform is its cross-border export capability, particularly between India and Bangladesh. It offers committed and express delivery services from any region in India to Benapole, Bangladesh.

Other services include part truck cargo services, express freight, over dimensional cargo freight and multi-modal freight besides custom house agent services, freight forwarding, via its wholly owned subsidiary.

It operates on an asset-light business model, maintaining a limited number of owned fleets while leveraging an extensive network of fleet owners and transport operators. The IBA approved Good Transport Agency follows a hybrid operating model, deploying a combination of owned vehicles and third-party fleet operators, which enables scalability while managing capital intensity.

Yatayat Corporation

As per financial statements disclosed, Yatayat Corporation reported revenue from operations of Rs 448.13 crore in FY25, up from Rs 348.34 crore in FY24 and Rs 269.09 crore in FY23, reflecting steady growth in freight volumes and route expansion.

The Profit after tax (PAT) stood at Rs 30 crore in FY25, compared to Rs 14.95 crore in FY24 and Rs 6.40 crore in FY23, while profit margins improved to 6.70% in FY25 from 4.29% in FY24.

For the three-month period ended June 30, 2025, the company reported revenue of Rs 119.68 crore and PAT of Rs 7.83 crore.

IPO lead managers

Unistone Capital is the sole book running lead manager to the issue. Unistone Capital Private Limited is the book running lead manager (BRLM) while Bigshare Services Private Limited is the registrar to the company.(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)