Gujarat-based logistics company Yatayat Corporation has taken a significant step towards going public by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The proposed Initial Public Offering (IPO) comprises a fresh issue of 77 lakh shares and an Offer for Sale (OFS) of 56 lakh shares.

Company Overview

Yatayat Corporation, headquartered in Gujarat, operates in the logistics sector. The company has shown robust growth, with its revenue reaching ₹448.13 crore in a recent fiscal year.

IPO Structure

The IPO structure of Yatayat Corporation is as follows:

Financial Performance

While detailed financial information is limited, the company's revenue growth is noteworthy:

The substantial revenue figure indicates that Yatayat Corporation has established a significant presence in the logistics industry.

Next Steps

With the DRHP now filed, SEBI will review the document. Potential investors and market analysts will be keen to examine the full DRHP once it becomes publicly available, as it will provide more comprehensive details about the company's financials, business model, risk factors, and the intended use of the IPO proceeds.

The logistics sector in India has been gaining attention due to the growth of e-commerce and the government's focus on improving infrastructure. Yatayat Corporation's IPO could offer investors an opportunity to participate in this growing sector.

As the IPO process progresses, more information about the price band, lot size, and timeline is expected to be revealed. Interested investors should keep an eye out for further announcements and conduct thorough research before making any investment decisions.

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. The company operates in the road logistics segment with a focus on Full Truck Load transportation services across key corridors in India.

IPO Structure and Details

The public offering comprises two components totaling up to 1.33 crore equity shares. The fresh issue will consist of up to 77 lakh equity shares, while the offer for sale will include up to 56 lakh equity shares by promoter selling shareholder Meena Praveen Aggarwal.

The equity shares are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited. The company may also consider a pre-IPO placement of equity shares aggregating up to ₹100.00 crore prior to filing the Red Herring Prospectus with the RoC.

Business Operations and Network

Yatayat Corporation operates an extensive logistics network supported by 34 branches and 1 warehouse across 12 states. The company follows an asset-light business model, maintaining a limited number of owned fleets while leveraging an extensive network of fleet owners and transport operators. This hybrid operating model combines owned vehicles and third-party fleet operators, enabling scalability while managing capital intensity.

A key differentiator of the company's logistics platform is its cross-border export capability, particularly between India and Bangladesh. The company offers committed and express delivery services from any region in India to Benapole, Bangladesh. Additional services include:

• Part truck cargo services
• Express freight
• Over dimensional cargo freight
• Multi-modal freight
• Custom house agent services
• Freight forwarding via wholly owned subsidiary

Financial Performance

Yatayat Corporation has demonstrated consistent growth across key financial metrics over the past three fiscal years. The company's revenue from operations and profitability have shown substantial improvement.

For the three-month period ended June 30, 2025, the company reported revenue of ₹119.68 crore and profit after tax of ₹7.83 crore, reflecting continued operational momentum.

Fund Utilization and Management

Proceeds from the fresh issue are proposed to be utilized towards repayment of certain borrowings, meeting working capital requirements, and general corporate purposes. The other promoters of the company include Shreyan Aggarwal, Meena Praveen Aggarwal, and Sonakshi Aggarwal.

Unistone Capital Private Limited serves as the sole book running lead manager to the issue, while Bigshare Services Private Limited acts as the registrar to the company. The IBA approved Good Transport Agency continues to expand its operations through strategic route expansion and increased freight volumes.