India’s logistics sector continues to grow rapidly, and Om Freight Forwarders Limited stands out as one of the leading players with an expansive global presence. The company is all set to open its IPO on September 29, 2025, offering investors a chance to participate in its growth story. Om Freight Forwarders provides end-to-end logistics services across five continents, with a solid track record of providing freight forwarding, customs clearance, warehousing, and distribution solutions.
About Om Freight Forwarders Ltd.
Incorporated in June 1995, Om Freight Forwarders Limited is a third-generation logistics company based in Mumbai, India. With over four decades of expertise, Om Freight operates in over 700 locations across five continents. The company is ISO certified and holds memberships with prominent organisations such as IATA, FIATA, WCA, GLPN, FFI, and MTO.
The company offers an integrated portfolio of services that includes:
- Freight forwarding (air, sea, LCL, break bulk, bulk, ODC, super ODC)
- Customs clearance (air, sea, LCL, break bulk, bulk, ODC, super ODC)
- Project and charter services (aircraft, vessels, barges)
- Domestic transportation (road, rail, sea)
- Inventory warehousing and distribution
- Material handling services
Om Freight Forwarders also provides bonded trucking, trans-shipping, cross-trade, and post-shipment activities. In FY 2025, the company managed 66.86 million metric tons (MMTS) of cargo. It operates 28 branches across India and has partnered with global logistics providers to reach over 800 destinations worldwide.
The company’s fleet consists of 135 commercial vehicles and equipment such as cranes, forklifts, trailers, payloaders, tippers, and vessels.
Competitive Strengths:
- Strong, integrated logistics service offering
- A large, diverse customer base
- Extensive experience and skilled management team
- Technological integration for improved service delivery
- End-to-end operational capabilities
Om Freight Forwarders IPO Details
The Om Freight Forwarders IPO is a book-building issue of ₹122.31 crore, consisting of a fresh issue of ₹24.44 crore and an offer for sale (OFS) of ₹97.88 crore. The IPO will be listed on BSE and NSE.
IPO Timeline:
| Event | Date (Tentative) |
| IPO Open Date | Sep 29, 2025 |
| IPO Close Date | Oct 3, 2025 |
| Tentative Allotment | Oct 6, 2025 |
| Initiation of Refunds | Oct 7, 2025 |
| Credit of Shares to Demat | Oct 7, 2025 |
| Tentative Listing Date | Oct 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Oct 3, 2025 |
Key IPO Details:
| Parameter | Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹128 – ₹135 per share |
| Lot Size | 111 shares |
| Total Issue Size | 90,60,074 shares (₹122.31 Cr) |
| Fresh Issue | 18,10,074 shares (₹24.44 Cr) |
| Offer for Sale | 72,50,000 shares (₹97.88 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 3,18,65,400 shares |
| Shareholding Post-Issue | 3,36,75,474 shares |
Investor Category Reservation:
- QIB: Not more than 50%
- Retail: Not less than 35%
- NII: Not less than 15%
Lot Size & Investment:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 111 | ₹14,985 |
| Retail (Max) | 13 | 1,443 | ₹1,94,805 |
| S-HNI (Min) | 14 | 1,554 | ₹2,09,790 |
| S-HNI (Max) | 66 | 7,326 | ₹9,89,010 |
| B-HNI (Min) | 67 | 7,437 | ₹10,03,995 |
Promoter Holding:
The company’s promoters include Rahul Jagannath Joshi, Jitendra Maganlal Joshi, Harmesh Rahul Joshi, and Kamesh Rahul Joshi.
- Pre-IPO: 99.04%
- Post-IPO: 72.09%
Book Running Lead Manager: Smart Horizon Capital Advisors Pvt. Ltd.
Registrar: Bigshare Services Pvt. Ltd.
Om Freight Forwarders Ltd. Financials
Financial Highlights (₹ Crore):
| Period Ended | 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 |
Key Performance Indicators (FY2025):
| Market Capitalisation | ₹454.62 Cr |
| Return on Equity (ROE) | 13.53% |
| Return on Capital Employed (ROCE) | 15.80% |
| Debt/Equity | 0.17 |
| Return on Net Worth (RoNW) | 12.68% |
| Profit After Tax (PAT) Margin | 4.49% |
| EBITDA Margin | 7.69% |
| Price to Book Value | 2.48 |
| EPS (Pre-IPO) | ₹6.90 |
| EPS (Post-IPO) | ₹6.53 |
| P/E (Pre-IPO) | 19.56x |
| P/E (Post-IPO) | 20.67x |
Om Freight Forwarders IPO Objectives
The IPO proceeds are proposed to be utilised as follows:
| Object | Amount (₹ Crore) |
| Funding capital expenditure related to vehicle/equipment acquisition | 17.15 |
| General corporate purposes | Balance |
Industry Outlook
The global logistics market is evolving rapidly, driven by technological integration and increasing demand for seamless, cross-border transportation and delivery solutions. Key factors contributing to the sector’s growth include:
- Rise of e-commerce and demand for fast, reliable delivery
- Global supply chain challenges and solutions offered by logistics firms
- Demand for sustainable and green logistics solutions
- Increasing international trade across continents
Om Freight Forwarders is well-positioned to capture the growing market share in both domestic and international logistics, leveraging its integrated service offerings and technology-driven solutions.
Om Freight Forwarders IPO: Peer Comparison
Investors considering the Om Freight Forwarders IPO may also look at peers in the logistics sector for comparison. Notable competitors include Tiger Logistics (India) Ltd, Accuracy Shipping Ltd, Total Transport Systems Ltd, AVG Logistics Ltd, and Patel Integrated Logistics Ltd. Comparing these companies’ financials, market position, and growth prospects can help investors make more informed decisions.
Conclusion
Om Freight Forwarders Ltd. represents an appealing opportunity in the logistics and supply chain sector. The company’s long-standing presence in the market, global reach, and strong client base make it a promising investment option for those looking to invest in a well-established logistics player with a solid growth trajectory. However, potential investors should consider risks such as market fluctuations in logistics demand, fuel price volatility, and competition in the sector.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO to stay updated on the latest market offerings.
