Logistics solutions provider Om Freight Forwarders has mobilised Rs 15.9 crore from three anchor investors on September 26, a day before the IPO opening for public.
The company will launch its maiden public issue for subscription on September 29 and will remain open till October 3, with price band of Rs 128-135 per share.
The Mumbai-based firm that offers international freight forwarding, customs clearance, vessel agency, transportation, warehousing, and distribution services has finalised allocation of 11,77,710 equity shares to anchor investors at Rs 135 per share.
Only three investors - Craft Emerging Market Fund, Rajasthan Global Securities, and Abundantia Capital participated in the anchor book.
The public issue is a combination of fresh issuance of shares worth Rs 24.44 crore, and an offer-for-sale of 72.5 lakh shares worth Rs 97.88 crore at the upper price band. Promoters will be the selling shareholders in the offer-for-sale.
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The Rs 17.1 crore of net fresh issue proceeds will be used mainly for acquisition of commercial vehicle and heavy equipment, and the remainder funds for general corporate purposes, while the offer-for-sale money will be received by promoters.
The sole merchant banker managing the Om Freight Forwarders IPO is Smart Horizon Capital Advisors.
Om Freight Forwarders will be the fourth IPO being launched next week along with Glottis, Fabtech Technologies, and Advance Agrolife in the mainboard segment.
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