Logistics firm Yatayat Corporation India files IPO papers to fund working capital needs

AHMEDABAD : Yatayat Corporation India, the Gujarat-based logistics and supply chain solutions provider, has filed preliminary papers with SEBI to raise funds via initial public offering (IPO) for its working capital requirements.

The 1.33-crore equity shares IPO will be a combination of fresh issue of 77 lakh shares, and an offer-for-sale of 56 lakh shares by promoter Meena Praveen Aggarwal.

Further, the fresh issue comprises of pre-IPO placement amounting to Rs 10 crore, the company said in its DRHP filed on December 23.

Promoters own 95.49 percent shareholding in Yatayat Corporation, while the 4.5 percent shares were held by investor Hiranand Savlani HUF.

The transportation and logistics solutions company with a PAN-India presence, supported by 34 branches and 1 warehouse planned to spend Rs 67.02 crore of fresh issue proceeds for working capital requirements, and general corporate purposes.

Yatayat Corporation that competes with listed peers like Ritco Logistics, North Eastern Carrying Corporation, VRL Logistics, and TCI Express has reported profit of Rs 7.83 crore on revenue of Rs 119.7 crore for the quarter ended June 2025.

Profit in the fiscal year ended March 2025 more than doubled to Rs 30 crore, compared to Rs 14.9 crore in previous year. Revenue during the same period increased 28.6 percent to Rs 448.1 crore, up from Rs 348.3 crore.

The merchant banker managing the Yatayat Corporation India IPO will be Unistone Capital.