Om Freight Forwarders, a third-generation logistics company headquartered in Mumbai, made its stock market debut on Wednesday, October 8, 2025, following the successful completion of its initial public offering (IPO). Om Freight Forwarders shares opened at ₹81.5 on the NSE, reflecting a discount of 40 per cent from the issue price of ₹135. Despite the weak listing, the stock recovered moderately during intraday trade, rising nearly 5 per cent to reach ₹85.57.
On the BSE, shares began trading at ₹82.5 and exhibited choppy movements, climbing close to ₹86.5 during intraday trading.
IPO Details and Subscription
The IPO comprised a fresh issue of 1.8 million equity shares along with an offer-for-sale (OFS) of 7.3 million shares, totalling a ₹122.3-crore offering. Investors were allowed to bid in lots of 111 shares, with the price band set at ₹128–135 per share. The subscription period ran from September 29 to October 3, 2025. The offering received solid demand, with bids for approximately 30.6 million shares against 7.91 million shares on offer, resulting in an overall subscription of 3.87 times. Non-Institutional Investors led the demand with 7.81 times oversubscription, followed by Qualified Institutional Buyers (QIBs) at 3.97 times and retail investors at 2.75 times.
Bigshare Services acted as the registrar to the IPO, while Smart Horizon Capital Advisors served as the sole book-running lead manager.
Use of IPO Proceeds
According to the company’s Red Herring Prospectus (RHP), ₹17.1 crore from the net proceeds will be allocated to fund working capital requirements, particularly for the acquisition of commercial vehicles and heavy equipment. The balance of the proceeds is intended to support the company’s overall corporate operations.
Company Overview and Market Position
Founded in 1995, Om Freight Forwarders is a Mumbai-based logistics company with more than 40 years of industry experience. The company operates across five continents, serving over 700 locations and offering a wide spectrum of services, including international freight forwarding, customs clearance, vessel agency, transportation, warehousing, and distribution.
In FY24–25, Om Freight handled 66.86 million metric tons of cargo. Its operations are supported through 28 branches across India and partnerships with over 22 global logistics providers, reaching more than 800 international destinations. The company’s assets include 135 commercial vehicles and equipment such as cranes, forklifts, trailers, payloaders, tippers, and vessels.
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Conclusion
The listing of Om Freight Forwarders IPO reflects the market’s cautious sentiment, with shares initially listing at a substantial discount. Nevertheless, the company’s strong infrastructure, global reach, and operational capabilities provide a robust foundation for long-term growth. The proceeds from the IPO are expected to strengthen the company’s working capital and support its continued expansion in the logistics sector.
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