Upcoming IPO, Dec. 25 -- Gujarat-based logistics and transportation services company Yatayat Corporation filed its Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (SEBI), to launch its initial public offering (IPO) to raise funds.

As per the DRHP, the proposed IPO will consist of a fresh issue of up to 77.00 lakh equity shares and an offer for sale (OFS) of up to 56.00 lakh equity shares by a promoter selling shareholder. This takes the total issue size to up to 1.33 crore equity shares.

The company may also consider a pre-IPO placement of equity shares aggregating up to Rs.100 crore, at its discretion. If such a placement is completed, the size of the fresh issue will be reduced, in accordance with regul...