Om Freight Forwarders

Om Freight Forwarders Ltd has been in the business of providing logistics services for more than 40 years. Among the services offered, Om Freight Forwarders Ltd offers international freight forwarding, customs clearance, vessel agency, as well as additional services like transportation, warehousing, and last mile distribution. It also offers air, sea, and land-based customs clearance for its business partners. The company is based out of Mumbai. 

The IPO is a combination of a fresh issue and an offer for sale by early investors. Om Freight Forwarders Ltd was promoted by Rahul Joshi, Jitendra Joshi, Harmesh Joshi, and Kamlesh Joshi. The IPO will be lead-managed by Smart Horizon Capital Advisors Private Ltd; while Bigshare Services Private Ltd will be the registrar to the issue. The company is headquartered at Mumbai. 

Highlights of the IPO Issue

Here are the key highlights of the public issue of Om Freight Forwarders Ltd. 

1. The IPO of will be open from September 29th, 2025 to October 03rd, 2025. It has a face value of ₹10 per share and IPO price band is set in range of ₹128 to ₹135 per share.
2. The IPO of Om Freight Forwarders Ltd will be a combination of fresh issue of shares, and an offer for sale (OFS) by the early shareholders of the company.
3. The fresh issue portion comprises the issue of 18,10,074 shares (18.10 lakh shares), which at the upper price band of ₹135 per share translates into ₹24.44 crore.
4. The offer for sale (OFS) comprises the sale of 72,50,000 shares (72.50 lakh shares), which at the upper price band of ₹135 per share translates into ₹97.88 crore.
5. Thus, the overall IPO will also comprise of a fresh issue and OFS of 90,60,074 shares (90.60 lakh shares) worth ₹122.31 crore at the upper band price of ₹135 per share. 

The IPO of Om Freight Forwarders Ltd will be listed on the NSE and the BSE on the IPO mainboard. 

Key Dates, Investor Allocation, And Lot Sizes

Here are the key dates pertaining to the IPO of Om Freight Forwarders Ltd 

Data Source: Company RHP 

Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).  

The table below captures the gist of the allocation to various categories. 

Data Source: Security Parameters Filing (NSE) 

The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement. Here is a quick look at the lot sizes applicable for the IPO of Om Freight Forwarders Ltd for various categories of investors. 

It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 111 shares) 

Financial Highlights

The table captures the key financials of Om Freight Forwarders Ltd for last 3 financial years.  

Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period) 

Over the last 3 years, the company revenues were almost flat and its profits are also lower than the numbers reported 2 years back. The equity base of the company is fairly large, which is evident in the relatively low ROE values. 

Valuation Metrics

At the current issue price of ₹135 per share, the valuation of the company is at a P/E ratio of 19.6X in terms of latest year EPS of ₹6.90. The only reason, investors may have a problem with this valuation is the low levels of ROE for a service business. The company, perhaps, needs to consider a more asset-light model for its business. 

The company does bring some distinct advantages to the table. It is an end-to-end service provider of logistics services, including last mile delivery. It runs its own fleet, although the markets would prefer a more asset-light model where the ROE can be more attractive. Investors apply for the IPO must be conscious of the asset heavy risk to the business. 

A Brief on the Anchor Allocation

The anchor issue of Om Freight Forwarders Ltd saw a relatively strong response on 26th September 2025 with 12.95% of the IPO size absorbed by anchors. Out of 90,94,655 shares (90.95 lakh shares) on offer, anchors picked up 11,77,710 shares (11.78 lakh shares) accounting for 12.95% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹135 per share. This includes the face value of ₹10 per share plus a share premium of ₹125 per share. The anchor bidding process opened and closed on 26th September 2025.  

Key Points to Note in the Anchor Allocation Process

Here are the key details pertaining to the anchor bidding of Om Freight Forwarders Ltd 

An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery. 

Anchor Allocation Investors

On 26th September 2025, Om Freight Forwarders Ltd allotted 11,77,710 shares to 3 anchor investors. The allocation was done at the upper IPO price band of ₹135 per share which resulted in overall anchor allocation of ₹15.90 crore. The anchors have already absorbed 12.95% of the total issue size of ₹122.78 crore. Listed below are the Top 3 IPO anchor investors who accounted for anchor collection of ₹15.90 crores, or, 100.00% of the overall anchor allocation. 

Data Source: BSE Filings (Value Allocated in ₹ in Crore) 

The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below. 

https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20250926-48&attachedId=031efd40-e01d-48a4-96e8-c13b92833e66 

Out of the 11,77,710 shares allocated to the anchors in the IPO, there were NIL shares allocated to mutual funds registered with SEBI. Most of the other anchor shares were allocated to alternative investment funds (AIFs). 

Next Step in the IPO

Post the closure of the IPO subscription on 01st October 2025, the basis of allotment will be finalized on 03rd October 2025 and the refunds will be initiated on 06th October 2025. In addition, the demat credits are expected to also happen on 06th October 2025 and the stock will list on 07th October 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 06th October 2025 under ISIN (INE1BZC01019). 

IPO Subscription Status On Day-4

As of 7.20 pm on 03rd October 2025, out of the 79.17 lakh shares on offer in the IPO (excluding anchor portion), Om Freight Forwarders Ltd saw bids for 306.06 lakh shares. This implies an overall subscription of 3.87X at a macro level. The granular break-up of subscriptions as of the close of Day-4 of the IPO of Om Freight Forwarders Ltd was as under: 

The subscriptions were led by the HNI / NII Investors followed by the QIB investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that was the case in this issue also, albeit to a small extent. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-4 of the IPO) 

The IPO was open up to October 03, 2025, and has closed for subscription as of the end of trading hours on October 03, 2025. The subscription data presented in the table above are the final subscription figures of Om Freight Forwarders Ltd IPO as of the close of the IPO reference time of 7.00 PM on October 03, 2025. This is the final subscription tally. 

About the Om Freight Forwarders Ltd IPO

The IPO of Om Freight Forwarders Ltd opened for subscription on September 29th, 2025 and closed on October 03rd, 2025. The overall IPO comprised of a fresh issue and OFS of 90,94,655 shares (90.95 lakh shares) worth ₹122.78 crore at the upper band price of ₹135 per share. The allotment status will be finalized by end of day (EOD) of October 06th, 2025. Here is how to check your allotment status for the IPO of Om Freight Forwarders Ltd. You can check IPO status on BSE or NSE or IPO Registrar (Bigshare Services Private Ltd) website. 

Checking The Allotment Status of IPO on BSE Website

This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. Visit the BSE link for the IPO allotment by clicking on the link below.  

https://www.bseindia.com/investors/appli_check.aspx 

Once you reach the page, here are the steps to follow. 

1. Under Issue Type – Select Equity Option 
2. Under Issue Name – Select Om Freight Forwarders Ltd   from the drop-down box
3. Enter the Application Number / CAF exactly as in the acknowledgement slip or 
4. Enter your PAN (10-digit alphanumeric) number 
5. Once this is done, you need to click on the Captcha to verify you are not a robot 
6. Finally click on the Search Button 

You can use either of the parameters to query; Application / CAF number or Investor PAN. 

The allotment status will be displayed on the screen in front of you informing about the number of shares of Om Freight Forwarders Ltd allotted into your demat account. You can save a screenshot of the allotment status output for verifying with demat account credits. 

Checking The Allotment Status of IPO on NSE Website

This is a common link for all IPOs. Click on NSE link for IPO allotment as below.  

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids 

Once you reach the page, here are the steps to follow. 

1.  Under Issue Type – Select Equity & SME IPO Details Option 
2. Under SELECT SYMBOL – Select OMFREIGHT from the drop-down box 
3. Enter the Application Number / CAF exactly as in the acknowledgement slip and 
4. Enter your PAN (10-digit alphanumeric) number 
5. Once both are entered, click on the Submit Button 

You must input both data points; the Application / CAF number and the Investor PAN. 

The allotment status will be displayed on the screen in front of you informing about the number of shares of Om Freight Forwarders Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits. 

Checking Allotment Status of IPO On Bigshare Services Private Limited

Here are the steps to follow. Visit the Bigshare Services Private Ltd registrar website for IPO status by clicking on the link below: 

https://ipo.bigshareonline.com/IPO_Status.html 

Here you are given the choice to select 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are server backups in case one server is experiencing too much traffic, you can select another server and try again. There will be no output difference, whichever server you select. 

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Om Freight Forwarders Ltd from the dropdown box. Once the company is selected from the dropdown box, you have 3 methods to check allotment status for the IPO. 

1. Firstly, you can access with Application Number / CAF Number. Enter the Application / CAF number, enter the captcha, and then click on the search button.
2. Secondly, you can search by Beneficiary ID of your demat account. Remember that the NSDL string is alphanumeric while the CDSL string is numeric. Write it in once single string in the box. Then enter the captcha and press the search button.
3. Thirdly, you can search by Income Tax PAN number. Once you select PAN from the dropdown menu, enter your 10-digit PAN number, enter the captcha code and then, click on the Search Button. 

The IPO status with number of shares of Om Freight Forwarders Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference 

In case, you have any issues with the output, register an investor query with Bigshare Services India Private Ltd. You can either send an email with all requisite details and problem to [email protected] or you can call on (+91)-22-6263-8200 for voice call. 

Weak Listing For Om Freight Forwarders Ltd

Om Freight Forwarders Ltd had a weak listing on 08th October 2025. On the NSE, the stock of Om Freight Forwarders Ltd listed at ₹81.50, a deep discount of -39.6% to the IPO issue price of ₹135 per share. The issue was subscribed just 3.87 times overall at the close of the IPO, so opening sentiments being tepid was along expected lines. However, the fall has been too steep and is likely to unnerve the investors to an extent. 

On the BSE also, the listing of Om Freight Forwarders Ltd was at a discount. Against the issue price of ₹135 per share, the stock listed at ₹82.50, a discount of -38.9% to the issue price. The stock of Om Freight Forwarders Ltd is on trade to trade (T2T) settlement. 

How The Stock of Om Freight Forwarders Ltd Moved During the Day?

After opening sharply lower at ₹81.50 per share on the NSE, the stock traded above the listing price for a better part of the trading day. During the day, the stock of Om Freight Forwarders Ltd touched a high of ₹85.57 and an intraday low of ₹81.10. On the NSE, the upper circuit band of the stock is set at ₹85.57 while the lower circuit band is set at ₹77.42 per share. Effectively, the stock closed at upper circuit, after a very weak listing. 

What about the BSE? After opening sharply lower at ₹82.50 per share on the BSE, the stock above the listing price through the day. During the day, the stock of Om Freight Forwarders Ltd touched a high of ₹86.60 and an intraday low of ₹82.50. On the BSE, the upper circuit band of the stock is set at ₹86.60 while the lower circuit band is set at ₹78.40 per share. Even on BSE, the stock closed at the upper circuit. 

How Did the Stock of Om Freight Forwarders Ltd Close on Listing Day?

Here is how the stock of Om Freight Forwarders Ltd closed on the NSE. The closing price of ₹85.57 per share is at a discount of -36.61% to the IPO issue price but at a premium of 4.99% to the listing price of ₹81.50 per share on the NSE. The company had a market cap of ₹288 crore at close. During the day, the stock of Om Freight Forwarders Ltd traded 18.82lakh shares on the NSE, with total traded value of ₹15.42 crore. Deliveries were 100% of the total volumes on NSE, being in the trade to trade (T2T) segment. 

Here is how the stock of Om Freight Forwarders Ltd closed on the BSE. The closing price of ₹86.60 per share is at a discount of -35.85% to the IPO issue price but a premium of 4.97% to the listing price of ͭ₹82.50 on the BSE. The company had a market cap of ₹292 crore as of close. During the day, the stock of Om Freight Forwarders Ltd traded 1.66 lakh shares on the BSE, having a total traded value of ₹1.42 crore. Deliveries were 100% on the BSE, being T2T. 

The stock trades under the codes: NSE (OMFREIGHT), BSE (544564), ISIN (INE1BZC01019).