Om Freight Forwarders to launch IPO next week, sets price band at Rs 128-135 per share

Om Freight Forwarders IPO News

Mumbai-based logistics solutions provider Om Freight Forwarders is set to launch its initial public offering next week on September 29. It has fixed issue price range at Rs 128-135 per share.

The company is raising Rs 122.3 crore through its maiden public issue at the upper price band, consisting fresh issuance of shares worth Rs 24.4 crore and an offer-for-sale of 72.5 lakh shares by promoters.

Rs 17.15 crore of net fresh issue proceeds will be used for the acquisition of commercial vehicle and heavy equipment, and the remainder amount for general corporate purposes, while the offer-for-sale money will be received by promoters.

Om Freight Forwarders had filed draft red herring prospectus with the SEBI on March 31 this year. The capital markets regulator has approved its draft papers in the last week of August this year.

The one-day IPO anchor book will be launched on September 26, while the issue will close for public on October 3. The company will finalise IPO share allotment by October 6, while the trading in its equity shares will commence on the bourses effective October 8.

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The company, which provides international freight forwarding, customs clearance, vessel agency, transportation, warehousing, and distribution services, is valued at Rs 455 crore.

The financial performance in the recent years has seen inconsistency with profit in the fiscal 2025 growing 112.6 percent to Rs 21.99 crore compared to Rs 10.3 crore in previous year. Revenue jumped 19.4 percent to Rs 490.1 crore, up from Rs 410.5 crore in the same period. However, profit and revenue in previous fiscal 2024 declined 61.9 percent and 12.9 percent YoY, respectively.

Smart Horizon Capital Advisors is the sole merchant banker handling the Om Freight Forwarders IPO.