Yatayat Corporation India, a Gujarat-based logistics and supply chain solutions company, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO), primarily to meet its working capital requirements.
The proposed IPO comprises 1.33 crore equity shares, including a fresh issue of 77 lakh shares and an offer for sale (OFS) of 56 lakh shares by promoter Meena Praveen Aggarwal, according to the DRHP filed on December 23.
Pre-IPO Placement and Shareholding Structure
The company stated that the fresh issue includes a pre-IPO placement of up to ₹10 crore. Post placement, the size of the fresh issue will be adjusted accordingly.
As of the filing date, promoters hold a 95.49% stake in Yatayat Corporation India, while the remaining 4.51% equity is owned by investor Hiranand Savlani HUF.
Utilisation of IPO Proceeds
Yatayat Corporation plans to deploy approximately ₹67.02 crore from the net proceeds of the fresh issue towards working capital requirements and general corporate purposes.
Business Overview
Yatayat Corporation India operates as a pan-India transportation and logistics service provider, supported by a network of 34 branches across the country and one warehouse. The company offers integrated logistics and supply chain solutions to a diversified customer base.
Financial Performance
The company reported a profit of ₹7.83 crore on revenue of ₹119.7 crore for the quarter ended June 2025.
For the financial year ended March 2025, Yatayat Corporation posted a sharp improvement in performance, with profit more than doubling to ₹30 crore, compared with ₹14.9 crore in the previous fiscal year. Revenue during FY25 grew 28.6% year-on-year to ₹448.1 crore, up from ₹348.3 crore in FY24.
Competitive Landscape and IPO Management
Yatayat Corporation competes with listed logistics players such as Ritco Logistics, North Eastern Carrying Corporation, VRL Logistics, and TCI Express.
The IPO is being managed by Unistone Capital, which is acting as the merchant banker to the issue.
