Om Freight Forwarders Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹135
Per ShareLot Size
111 Shares
Minimum Investment
₹14,985
Issue Size
₹122.31 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Om Freight Forwarders Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.04%
Promoter Holding (Post-Issue)
72.18%
Issue Type
Book Building
ISIN
INE1BZC01019
About the Company
We are a 3PL (Third Party Logistics Provider) providing integrated service to our customer. Our services include international freight forwarding, customs clearance (CHA), vessel agency services, multimodal transportation, warehousing, and distribution. We are also engaged in handling of project cargo, which is a specialized activity requiring detailed planning and technical expertise. We deliver cost effective, end-to-end logistics solutions, ensuring smooth operations and timely delivery for businesses around the world, no matter their location. Our goal is to provide reliable and efficient logistics support to help our customers succeed in a global marketplace.
Industry Overview
India's logistics sector is a vital driver of economic growth, contributing 13-14% to the GDP and supporting industries like manufacturing, agriculture, retail, and e-commerce. Despite its importance, the sector faces challenges such as high logistics costs, inefficiencies in transportation, and fragmented supply chains. However, improvements in infrastructure, technology adoption, and government initiatives like the National Logistics Policy and PM Gati Shakti are transforming the sector. The rise of e-commerce, sustainability efforts, and investments in digitalization are enhancing efficiency, while the government's focus on infrastructure development and foreign investment is making India's logistics sector more competitive globally. These advancements position India to become a major player in global supply chains and drive economic growth.
Company History
Our Company was incorporated as `Om Freight Forwarders Private Limited' at Mumbai under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 16, 1995 issued by the Additional Registrar of Companies, Mumbai, Maharashtra. Thereafter, our Company was converted to a public limited company and the name of our Company was changed to `Om Freight Forwarders Limited' vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of our Company held on April 30, 2024. and a fresh certificate of incorporation dated July 25, 2024 was issued by the Assistant Registrar of Companies/ Deputy Registrar of Companies/ Registrar of Companies, Central Processing Centre.
Products & Services
- The Company is a 3PL (Third Party Logistics Provider) providing integrated service to its customer.
Growth Strategy
- Continue to invest in our fleet and earthmoving equipment.
- Leveraging the changing dynamics of the logistics industry.
- Setting up of additional warehouse facility to obtain logistics benefits and economies of scale.
- Acquire New Customers and Expand into New Sectors.
- Continue to focus on enhancements in technology.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 90,60,042 equity shares of face value of Rs. 10/- each of the company ("Equity Shares") for cash at a price of Rs. 135 per equity share (Including a Share Premium of Rs. 125* Per Equity Share) ("Offer Price") aggregating up to Rs. 122.31 Crore ( the "Offer") comprises a fresh issue of up to 18,10,074 equity shares aggregating up to Rs. 24.44 Crore ("Fresh Issue") and an offer for sale of up to 7,250,000 equity shares ("Offered Shares") aggregating up to Rs. 97.87 Crore comprising up to 3,987,500 equity shares by Rahul Jagannath Joshi aggregating up to Rs. 53.83 Crore and up to 2,537,500 equity shares by Harmesh Rahul Joshi aggregating up to Rs. 34.26 Crore and up to 725,000 equity shares by Kamesh Rahul Joshi aggregating up to Rs. 9.79 Crore (Collectively, "Promoter Selling Shareholder", the "Selling Shareholders", and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale"). the offer includes a reservation of up to 450,105equity shares aggregating Rs.6.08 Crore, for subscription by eligible employees (as Defined Hereinafter) (the "Employee Reservation Portion"). the offer less the employee reservation portion is hereinafter referred to as the "Net Offer". the offer and the net offer will constitute 26.9% and 25.57% of the post-offer paid up equity share capital of the company, respectively. Price Band: Rs. 128/- to Rs. 135/- for equity share of face value of Rs. 10 each. The floor price is 12.80 times times the face value and cap price is 13.50 times of the face value of the equity shares. Bids can made for a minimum of 111 equity shares and in multiples of 111 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- End-to-end logistics services and solutions
- Track record of high quality and efficient service delivery.
- Operational capabilities of our own fleet.
- Building long-term client relationships.
- Presence across diverse industry verticals.
- We derive a significant portion of our revenue from operations from our top ten customers, with our single largest customer contributing more than 11.60%, of our revenue from operations for the year ended March 31, 2025. Loss of any of these customers or a reduction in purchases by any of them could adversely affect our business, results of operations and financial condition.
- We are dependent on the performance of industries in which our customers operate and fluctuations in the performance of such industries may result in a loss of such customers, a decrease in the volume of work we undertake or the price at which we offer our services.
- We derive a significant portion of our revenue from customers located in Maharashtra, which contributed more than 85% of our revenue from operations for the year ended March 31, 2025. Any adverse developments in this region, such as economic downturns, political instability, or natural disasters, could materially impact our revenue and overall financial performance.
- Our Company has not entered into long term agreement with shipping companies but has built a long term relationship over time. Any disputes between the companies may have vital effect on the business of our Company.
- Our revenue from operations has been declining in recent fiscals, and there can be no assurance that we will be able to arrest or reverse this trend. Along with the decline in revenue from operations, our profitability and return ratios have also witnessed a downward trend in recent fiscals. Any inability to improve our revenue, profitability, or return ratios may adversely impact our business, financial condition, results of operations, and future prospects.