Om Freight Forwarders Limited has launched an Initial Public Offering to raise funds for its capital expenditure requirements and corporate needs. The IPO will include a fresh issue of 0.18 crore shares worth Rs.24.44 crores and an offer for sale of 0.73 crore shares worth Rs.97.88 crores, making the total issue size Rs.122.31 crores.
Om Freight Forwarders Limited IPO will begin on 29th September, 2025, and ends on 3rd October, 2025. The shares are expected to be listed on NSE and BSE on 8th October, 2025. Below is a full overview of the IPO:
Om Freight Forwarders Limited IPO is priced between Rs.128 and Rs.135 per share with each lot size of 111 shares. For retail investors, the minimum investment is Rs. 14,985 (at the upper price for one lot). For S-HNI investors, the minimum is 14 lots (1,554 shares), totaling Rs. 2,09,790, while B-HNI investors need to invest at least 67 lots (7,437 shares), amounting to Rs. 10,03,995.
GMP of Om Freight Forwarders Limited IPO
As of 29th September, 2025, Om Freight Forwarders Limited’s shares were trading in the grey market at an 8.15 percent premium. The grey market price is Rs.146 per share, which is Rs.11 higher than the issue price of Rs.135.
Overview of Om Freight Forwarders Limited
Om Freight Forwarders Limited, established in June 1995 in Mumbai, is a third-generation logistics company with over 40 years of experience.It operates globally across five continents and serves more than 700 locations.
The company is ISO certified and is a member of organizations like IATA, FIATA, WCA, GLPN, FFI, and MTO. It offers a wide range of services, including international freight forwarding, customs clearance, vessel agency, transportation, warehousing, and distribution. In FY 2025, the company handled 66.86 million metric tons of cargo.
Promoters of Om Freight Forwarders Limited
The promoters of Om Freight Forwarders Limited are Rahul Jagannath Joshi, Jitendra Maganlal Joshi, Harmesh Rahul Joshi, and Kamesh Rahul Joshi.
Om Freight Forwarders Limited Selling Shareholders
The IPO of Om Freight Forwarders Limited includes an offer for sale, where promoters Rahul Jagannath Joshi,Harmesh Rahul Joshi, and Kamesh Rahul Joshi are selling 39,87,500, 25,37,500, and 7,25,000 shares.
Lead Managers of Om Freight Forwarders Limited
Smart Horizon Capital Advisors Private Limited is serving as the book-running lead manager for the IPO, while Bigshare Services Private Limited is acting as the registrar, managing the offer process.
Objectives of the IPO Offer
Om Freight Forwarders Limited plans to use the money raised from its IPO for two main purposes. The company will use Rs.17.15 crore to buy commercial vehicles and heavy equipment. The remaining funds will be allocated for general corporate purposes.
Financial analysis of Om Freight Forwarders Limited
The company’s revenue from operations was Rs.471.14 crore in FY23, which declined to Rs.410.50 crore in FY24. In FY 2025, revenue grew to Rs.490.14 crore by surpassing all 2 years. On the earnings front, the basic EPS stood at Rs.8.52 in FY 2023 but fell to Rs.3.25 in FY 2024. It improved again to Rs.6.90 in FY 2025
Om Freight Forwarders Limited Vs Peers
Om Freight Forwarders Limited RoNW of 12.68 percent is higher than Total Transport Systems 10.56 percent and significantly greater than Patel Integrated Logistics 6.25 percent. This indicates that Om Freight is more effective at generating profit from its shareholder’s funds.
The company’s revenue from operations of Rs.490 crores is higher than both Total Transport Systems revenue of Rs.665 crores and Patel Integrated Logistics revenue of Rs.342.6 crores. This suggests a larger operational footprint and market share.
For net asset value, Om Freight Forwarders has a NAV of Rs.54.44, which falls between the NAV of its peers. It is higher than Patel Integrated Logistics Rs.17.48 but lower than Total Transport Systems Rs.51.76. This metric, while showing a different capital structure, still places Om Freight in a competitive range.
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Strengths of Om Freight Forwarders Limited
- Comprehensive end-to-end logistics services and solutions
- Proven history of delivering high-quality and efficient services
- Strong operational capacity with an in-house fleet
- Focus on establishing long-term client relationships
- Operations across multiple industry sectors
- Experienced management team with industry-relevant expertise
- Integration of advanced technology in operations
Weaknesses of Om Freight Forwarders Limited
- Relies heavily on a small number of customers for most of its income.
- The company’s success is tied to the health of the industries its clients are in.
- A large portion of the company’s revenue comes from a single region, Maharashtra.
- Lacks long-term contracts with shipping partners, which could lead to disputes.
- The company’s revenue and profits have been decreasing and may continue to do so.
Conclusion
Om Freight Forwarders Limited has several key strengths, including its comprehensive logistics services, strong operational capacity, and an experienced management team. However, it faces significant weaknesses, such as a heavy reliance on a small number of customers and one geographic region. The recent decline in revenue and profitability also presents a major challenge that could impact its future performance.
Written by Jhanavi Sivakumar
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