The IPO will consist of a fresh issue of up to 77 lakh equity shares and an offer for sale (OFS) of 56 lakh equity shares by the selling shareholder of the promoter, taking the total offer size to 1.33 crore equity shares.
Promoter Meena Praveen Agarwal is the selling shareholder. Other promoters of the company are Shreyan Agarwal, Meena Praveen Agarwal and Sonakshi Agarwal.
The equity shares are proposed to be listed on BSE Limited and National Stock Exchange of India Limited (NSE).
According to the Draft Red Herring Prospectus (DRHP), before filing the Red Herring Prospectus with the Yatayat Corporation India ROC, Rs. May also consider pre-IPO placement of equity shares up to Rs 100 crore.
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Yayat Corporation’s IPO goes ahead
Proceeds from the fresh issue are proposed to be used for repayment of certain borrowings, working capital requirements and meeting general corporate purposes.
About the company
Yatayat Corporation operates in the road logistics segment, with its business focus on full truck load (FTL) transportation, providing point-to-point freight movement on major logistics corridors in India and 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 provides committed and express delivery services from any region of India to Benapole, Bangladesh.
Other services include part truck cargo services, express freight, over dimensional cargo freight and multi-modal freight in addition to custom house agent services through 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, which deploys a combination of owned vehicles and third-party fleet operators, enabling scalability while managing capital intensity.
Yatayat Corporation
As per the released financial statements, Yatayat Corporation in FY25 posted Rs. 448.13 crore in revenue from operations, which in FY24 was Rs. 348.34 crore and in FY23 Rs. 269.09 crore, reflecting continued growth in freight volume and route expansion.
Profit After Tax (PAT) in FY25 was Rs. 30 crore, compared to Rs. 14.95 crore and in FY23 Rs. 6.40 crore, while the profit margin improved to 6.70% in FY25 from 4.29% in FY24.
For the three-month period ended June 30, 2025, the company recorded Rs. 119.68 crore and PAT Rs. 7.83 crores revenue was recorded.
IPO Lead Manager
Unistone Capital is the sole book running lead manager. Unistone Capital Pvt Ltd is the Book Running Lead Manager (BRLM) while Bigshare Services Pvt Ltd is the Registrar of the Company.(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times.)
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