Om Freight Forwarders IPO: Price, Analysis, Allotment, And GMP

Om Freight Forwarders IPO - Company Analysis

Om Freight Forwarders IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 122.31 Cr by Om Freight Forwarders Ltd., which was incorporated in 1995.

The company has the ability to perform Multimodal Transport, Customs Clearance, Warehousing and International Freight Forwarding (Air, Sea and Land) based on Transit Networks, with custom bonded warehouses and an integrated supply chain ecosystem of catering chemicals, textiles, pharmaceuticals and engineering industries with Elastic Warehousing and Logistics provisioned.

Om Freight Forwarders IPO Details

The Om Freight Forwarders Ltd IPO open date is from Sep 29 to Oct 03, with IPO allotment on Oct 06, refund initiation on Oct 07, 2025.

The Rs. 122.31 Cr mainline IPO comprises a combination of fresh issue of 0.18 crore shares (Rs. 24.44 Cr) and an offer for sale (OFS) of 0.73 crore shares (Rs. 97.88 Cr). 

The Om Freight Forwarders IPO listing date might be on Wednesday, 08 October 2025, and it will be listed at the BSE and NSE.

The Om Freight Forwarders IPO price band is Rs. 128 to Rs. 135 for each Share. 

Events	Date
IPO Opening Date	September 29, 2025
IPO Closing Date	October 03, 2025
IPO Allotment Date	October 06, 2025 (Tentative)
Refund Initiation	October 07, 2025 (Tentative)
Tentative IPO Listing Date	October 08, 2025

 

Industry Outlook

If you want to apply for the IPO, click to open a Demat Account.

 

 

Company Financial 

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	312.02	268.84	305.18
Total Income	494.05	421.32	493.35
Profit After Tax	21.99	10.35	27.16
EBITDA	37.71	11.96	33.33
Net Worth	173.47	151.58	139.24
Total Borrowing	26.95	24.47	7.53

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in lac)

Net Cash Flow In Multiple Activities	FY25	FY24	FY23
Net Cash Flow Operating Activities	398.12	376.98	56.92
Net Cash Flow Investing Activities	(462.01)	(494.71)	146.47
Net Cash Flow Financing Activities	1.89	159.97	(32.98)

 

Revenue Bifurcation 

(Source RHP)

The Objective of The Issue

• Financing the company's capital expenditure needs for the purchase of heavy machinery and commercial vehicles. ~ Rs. 17.15 Cr.

• General corporate purposes.

Click to check the IPO application status.

Listed Peers of Om Freight Forwarders Ltd.

Company Name	Face Value (Rs. per Share)	EPS (Rs.)	P/E (x)
Tiger Logistics (India) Ltd.	1	2.56	19.72
Total Transport Systems Ltd.	10	5.54	13.32
AVG Logistics Ltd.	10	15.01	16.15
Patel Integrated Logistics Ltd.	10	1.13	13.33

 

Valuation

Metric	Value
ROE	13.53%
ROCE	15.80%
Debt/Equity	0.17
RoNW	12.68%
PAT Margin	4.49%
EBITDA Margin	7.69%
Price to Book Value	2.48

 

 

 

Evaluation of P/E Ratio

Based on FY25 EPS of Rs. 6.90, the company's IPO price of Rs. 135 translates to a P/E ratio of around 19.56x. This value is still within the range of Tiger Logistics (19.72x) and AVG Logistics (16.15x), although it is marginally higher than some of its rivals, such as Total Transport Systems (13.32x) and Patel Integrated Logistics (13.33x). As a result, the IPO's price is somewhat higher than the industry average.

Explore the Glottis IPO.

IPO's Strengths

• Strong brand recognition with nearly three decades of operations in freight forwarding.

• Integrated service model providing multimodal logistics and customs clearance.

• Achieving major growth in finances with PAT increasing from Rs. 191.82 million in FY 2023 to Rs. 335.60 million in FY 2025.

• Enhancing supply chain efficiencies by broadening warehouse capabilities.

 

IPO Weaknesses

• Dependence on global trade cycles and fluctuations in freight rates.

• Competing with established and listed rivals in the logistics sector.

• A large part of the revenues comes from a few select industries, which exposes the company to concentration risk.

• Compared to larger logistics firms, the company has lower profit margins.

 

Om Freight Forwarders IPO GMP 

Om Freight Forwarders IPO GMP today is Rs. 11 as of 26 Sep 2025, while writing this information. Hence, the Om Freight Forwarders IPO listing price (estimated) might be Rs. 146 (upper price + current GMP or grey market premium).

 

Om Freight Forwarders Limited IPO Summary

IPO Opening & Closing Date	Sep 29, 2025 to Oct 03, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 128 to Rs. 135
Lot Size	111 Shares
Issue Size	90,60,074 Shares (Rs. 122.31 Cr)
Offer for Sale	72,50,000 Shares (Rs. 97.88 Cr)
Fresh Issue	18,10,074 Shares (Rs. 24.44 Cr)
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	Bigshare Services Pvt. Ltd.

 

 

Om Freight Forwarders IPO Lot Size

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (111 Shares) amounting to Rs. 14985 and 13 Lots (1443 Shares) amounting to Rs. 1,94,805, respectively, while for S-HNI investors, the minimum Lot is 14 (1554 Shares) amounting to Rs. 2,09,790.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
SHNI (Minimum)	14 Lots
SHNI (Maximum)	66 Lots
BHNI (Minimum)	67 Lots

Om Freight Forwarders IPO Reservation

Institutional Share Portion	50%
Retail Investors' Share Portion	35%
Non-Institutional Shares Portion	15%

 

Om Freight Forwarders IPO Allotment Status

To check the Om Freight Forwarders IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

 

Promoters And Management of Om Freight Forwarders Ltd.

• Rahul Jagannath Joshi

• Jitendra Maganlal Joshi

• Harmesh Rahul Joshi

• Kamesh Rahul Joshi.
  
  

Pre-Issue Promoter Shareholding	99.04%
Post-Issue Promoter Shareholding	72.09%

 

Om Freight Forwarders IPO Lead Managers

• Smart Horizon Capital Advisors Pvt. Ltd. 

 

Dividend Policy

The company has not paid a dividend in the past three fiscal years.

Conclusion

Investors have an opportunity to get involved with an integrated multimodal services growing mid-sized logistics company via Om Freight Forwarders IPO. Solid financials, a broadening warehousing footprint, and a comprehensive logistics network provide expanded potential. Despite freight volatility, competition, and sector dependence, the company has promising prospects.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.