Om Freight Forwarders IPO Completely Subscribed on Day 1; NII Segment Dominates Demand

Mumbai, September 29, 2025 – Om Freight Forwarders Limited’s ₹122 crore initial public offering (IPO) saw robust demand on day one, with the issue being subscribed 1.10 times at 3:30 p.m. The subscription was led by non-institutional investors (NIIs), while retail demand was subdued.

Om Freight Forwarders IPO Subscription Status on Day 1

At the end of Day 1, overall bids totalled 87.08 lakh shares compared to 79.16 lakh shares available. NII segment was the undisputed leader in demand, which achieved 3.10 times subscription, topped by high-net-worth individuals in the category above ₹10 lakh, which was subscribed 3.45 times. The lower NII category of application sizes in the range ₹2-10 lakh was subscribed 2.42 times. Qualified Institutional Buyers (QIBs) also purchased their shares fully, subscribing at 1.10 times, and received support mainly from foreign institutional investors. Retail investors, though, showed lack of appetite and had the category experiencing only 0.39 times subscription. The employee quota, too, had a subdued response, touching only 0.12 times.

Om Freight Forwarders IPO Structure and Timeline

Om Freight Forwarders IPO of Om Freight Forwarders opened on 29 September and will close on 3 October. The firm has set a price band of ₹128-₹135 per share with a lot size of 111 lots, which would amount to an investment of ₹14,985 at the higher band. The aggregate issue size is ₹122 crore, and stocks are to get listed on the BSE SME platform on October 8. Bigshare Services Pvt. Ltd. is the registrar to the issue, and the book running lead manager is Smart Horizon Capital Advisors Pvt. Ltd.

Om Freight Forwarders IPO Anchor Investor Participation

Before the public issue, Om Freight collected ₹15.9 crore from anchor investors by issuing 11,77,710 shares at ₹135 per share. Anchor support was received from investors such as Craft Emerging Market Fund PCC – Citadel Capital Fund, which subscribed for 4,36,896 shares for ₹5.89 crore, Rajasthan Global Securities Pvt. Ltd., which acquired 3,70,407 shares for ₹5 crore, and Abundantia Capital VCC, which was issued 3,70,407 shares for another ₹5 crore.

Om Freight Forwarders IPO Financial Highlights

From a financial standpoint, the company has recorded disparate performance over the last few years. Operating revenue was at ₹4,711.38 million in FY23, dipped to ₹4,105.01 million in FY24, and recovered to ₹4,901.37 million in FY25. Net profit also moved in tandem, with ₹271.58 million being reported for FY23, a steep fall to ₹103.45 million in FY24, and a rebound to ₹219.90 million in FY25. Net worth grew consistently from ₹1,392.39 million in FY23 to ₹1,734.72 million in FY25, though borrowings also had a high growth rate from ₹75.29 million in FY23 to ₹269.53 million in FY25.

About Om Freight Forwarders IPO

Established in 1995 and having its headquarters in Mumbai, Om Freight Forwarders is an international logistics and freight forwarding company offering integrated supply chain solutions. The company offers international air and ocean freight forwarding, customs clearance, warehousing, and project logistics among others. The company operates across five continents and is projecting itself as a pre-eminent multimodal logistics company in India by riding on its global network and virtually three decades of experience in the industry.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations