Om Freight sets IPO price band at Rs 128-Rs 135; issue to open Sept 29
A significant portion of IPO funds will go to capital expenditure for new vehicles and equipment.
Om Freight Forwarders, a third-generation logistics service provider, has announced the price band for its initial public offering (IPO) at Rs 128 to Rs 135 per equity share. The IPO is scheduled to open for public subscription on September 29, 2025, and will close on October 3, 2025.
The offering is a book-built issue worth up to Rs 122.31 crore (Rs 1223.10 million), comprising a fresh issue of shares amounting to Rs 24.43 crore (244.30 million) and an offer for sale (OFS) of 7,250,000 shares by existing shareholders.
The company has 31,865,400 equity shares outstanding prior to the issue. Investors can bid for a minimum of 111 equity shares and in multiples of 111 thereafter.
The company plans to allocate Rs 17.14 crore (Rs 171.40 million) from the fresh issue proceeds towards capital expenditure for acquiring new commercial vehicles and heavy equipment, with the remaining funds earmarked for general corporate purposes.
Om Freight Forwarders financial performance shows total revenue of Rs 490.1 crore (Rs 4901.00 million) in fiscal year 2025, a modest increase from Rs 471.1 crore (Rs 4711.00 million) in FY23.
However, its net profit saw a decline, standing at Rs 21.9 crore (Rs 219.0 million) in FY25 compared to Rs 27.1 crore (Rs 271.00 million) in FY23. The company handled a cargo volume of 66.86 MMT in FY25.
The IPO's book-running lead manager is Smart Horizon Capital Advisors, and Bigshare Services Pvt Ltd is the registrar. The issue is structured with 50% of the shares reserved for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional bidders.
Headquartered in Mumbai with a global presence, Om Freight Forwarders has vessel agency services, and transportation, warehousing, and distribution.
A CRISIL report highlights the company's capability in handling specialized project cargo and its commitment to staying current with customs policies to ensure efficient consignment clearance. The company also leverages advanced information technology to provide reliable service to its global clientele.
