₹14,985 / 111 shares
Issue Date
29 Sep - 3 Oct'25
Investment/lot
₹14,985
Price Range
₹128 - ₹135
Lot Size
111
IPO Size
₹106.88 Cr
Listing On
8 Oct'25
Issue Price
₹135
Listed Price
₹ 82.5
Retail Gain/Listing Gain
▼-38.89%
Start date
29/09/2025
End date
03/10/2025
Allotment of bids
06/10/2025
Refund Initiation
Listing on exchange
08/10/2025
(Last updated on 03 Oct 2025 04:45 PM)
| Day | Total | QIB | Retail | NII | Employee | 
|---|---|---|---|---|---|
| Day 1 29-Sep-2025 | 1.39x | 1.1x | 0.54x | 4.03x | 0.15x | 
| Day 2 30-Sep-2025 | 2.23x | 3.95x | 0.91x | 4.69x | 0.25x | 
| Day 3 01-Oct-2025 | 2.56x | 3.95x | 1.32x | 5.13x | 0.34x | 
| Day 4 03-Oct-2025 | 3.83x | 3.97x | 2.68x | 7.38x | 0.56x | 
| Category | Subscription Rate | 
|---|---|
| Non-Institutional (HNI) | 7.39x | 
| Employees | 0.56x | 
| Retail | 2.73x | 
| Qualified Institutions | 3.97x | 
| Total Subscription | 3.86x | 
Om Freight Forwarders Ltd IPO comprises a fresh issue and an offer for sale. The fresh issue aggregates up to ₹24.436 crores while the offer for sale comprises 7,250,000 equity shares. The total issue size is pegged at ₹122.31 crores. The price band is ₹128 to ₹135 per share and the lot size is 111. The IPO opens on September 29, 2025 and closes on October 3, 2025. It’s a 100% book-built offer.
The listing date is on or about October 8, 2025 and the allotment date is on or about October 6, 2025. The credit of shares to the Demat account will take place on or about October 7, 2025, while the initiation of refund will take place on or about October 7, 2025.
Om Freight Forwarders Ltd is a 3PL (third party logistics provider) providing integrated service to its customers. Its services include international freight forwarding, customs clearance (CHA), vessel agency services, transportation service, warehousing, and distribution.
| Detail | Information | 
|---|---|
| Upper   Price Band | ₹135 | 
| Fresh   Issue | Aggregates   up to ₹24.436 crores | 
| Offer for   Sale | Aggregates   up to 7,250,000 equity shares | 
| EPS in ₹   for FY 25 | 6.90 | 
| Application | Lots | Shares | Amount in INR | 
|---|---|---|---|
| Retail   (Min) | 1 | 111 | 14,985 | 
| Retail   (Max) | 13 | 1443 | 1,94,805 | 
| S-HNI   (Min) | 14 | 1554 | 2,09,790 | 
| S-HNI   (Max) | 66 | 7326 | 9,89,010 | 
| B-HNI   (Min) | 67 | 7437 | 10,03,995 | 
| Investor Category | Shares Offered | 
|---|---|
| QIBs | Not more   than 50% of the net offer | 
| Non-institutional Investors (NIIs) | Not less   than 15% of the net offer | 
| Retail-individual Investors (RIIs) | Not less   than 35% of the net offer | 
India’s logistics sector serves as the backbone of the economy, enabling the smooth and efficient flow of goods, information, and services across its vast geographical expanse. As one of the largest logistics markets globally, the sector is critical to industries such as manufacturing, agriculture, retail, and e-commerce, ensuring timely delivery of goods to consumers. The sector accounts for 13–14% of the country’s GDP. This sector is a significant driver of domestic economic activity and a crucial enabler of India’s integration into global supply chains. 
The sector faces challenges such as high costs, which account for 14% of the GDP — significantly higher than the global average of 7–9% observed in developed economies. This difference is largely due to inefficiencies in transportation, fragmented supply chains, and inadequate infrastructure. 
India’s improving global standing is another testament to the sector’s progress. In the World Bank’s Logistics Performance Index 2023, the country ranked 38th among 139 nations, a significant improvement attributed to better trade facilitation, customs handling, and transport infrastructure. 
Om Freight Forwarders Ltd is a 3PL providing integrated service to its customers. Its services include international freight forwarding, customs clearance (CHA), vessel agency services, transportation service, warehousing, and distribution. 
It delivers cost-effective, end-to-end logistics solutions, ensuring smooth operations and timely delivery for businesses around the world, no matter their location. It’s also engaged in handling project cargo, which is a specialised activity requiring detailed planning and technical expertise. 
| Company | Revenue from Operations (in ₹ crores) | EPS in ₹ | Return on Net Worth (In %) | NAV (in ₹) | 
|---|---|---|---|---|
| Om Freight Forwarders Ltd | 490.137 | 6.90 | 12.68 | 54.44 | 
| Tiger Logistics (India Ltd) | 536.305 | 2.56 | 19.53 | 13.08 | 
| Total Transport Systems Ltd | 665.245 | 5.54 | 10.56 | 51.76 | 
| AVG Logistics Ltd | 551.518 | 15.01 | 8.65 | 163.76 | 
| Patel Integrated Logistics Ltd | 342.691 | 1.13 | 6.25 | 17.48 | 
Anchor Investor Bidding Date
Anchor portion of the IPO opens for bidding on September 26, 2025.
IPO Registrar and Book Running Lead Manager
Om Freight Forwarders Ltd has evolved into a full-scale logistics solutions provider, offering comprehensive end-to-end services across multiple modes of transport, including sea, air, road, and rail. Its services also extend to handling project cargo, a specialised activity that demands detailed planning and technical proficiency.
Its project handling services include the design and execution of customised solutions tailored to meet specific customer requirements. It specialises in the transportation of high-value, specialised equipment for infrastructure projects, power plants, compressor stations, and more. These assignments are typically managed on a turnkey contract basis, ensuring seamless delivery from origin to destination using multiple modes of transport.
The revenue from operations of Om Freight Forwarders Ltd grew from ₹471.138 crores in FY 23 to ₹490.137 crores in FY 25. Its EBITDA margin grew from 7.07% in FY 23 to 7.69% in FY 25, while the number of clients served increased from 1664 in FY 23 to 1715 in FY 25. End-to-end logistics services and solutions and presence across diverse industry verticals have helped the company grow over the years.
Om Freight Forwarders Ltd has established long-standing relationships with a diverse set of customers. In Fiscal Years 2025, 2024, and 2023, it served 1,715, 1,662 and 1,664 customers, respectively. These customers span multiple industries, including Minerals, Mining & Steel, Coal, Oil & Gas, Energy & Power, Fast Moving Consumer Goods (FMCG), and EPC & Infrastructure, among others.
The company operates on a pan-India basis through an established network of 28 branches and an extensive international reach, covering 800+ destinations through strategic tie-ups and partnerships with many global logistics providers.
| Parameter | FY25 | FY24 | FY23 | 
|---|---|---|---|
| Total   Income | 494.054 | 421.324 | 493.350 | 
| Profit   Before Tax | 29.509 | 13.824 | 36.431 | 
| Profit /   (Loss) After Tax | 21.990 | 10.345 | 27.158 | 
| EBITDA | 37.714 | 11.960 | 33.331 | 
| EPS | 6.90 | 3.25 | 8.52 | 
| Parameter | FY25 | FY24 | FY23 | 
|---|---|---|---|
| Profit   Before Tax | 29.509 | 13.824 | 36.431 | 
| Net Cash   Generated From / (Used in) from Operating Activities | 39.812 | 37.698 | 5.692 | 
| Net Cash   Used in Investing Activities | (46.201) | (49.471) | 14.647 | 
| Net Cash   Generated from Financing Activities (in ₹ crores) | 0.189 | 15.997 | (3.298) | 
| Cash and   Cash Equivalents at the end of the year | 17.856 | 24.055 | 19.830 | 
Visit the Registrar's Website
To check the IPO allotment status for Om Freight Forwarders Limited IPO, visit the official website of Smart Horizon Capital Advisors Private Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.
Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page.
On the BSE IPO page, follow these steps
Your Om Freight Forwarders IPO allotment status will be displayed.
Verify on the National Stock Exchange Website The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check Om Freight Forwarders IPO allotment status.
Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.
On the NSE IPO Bid Verification page, enter:
Then click 'Submit'. Your Om Freight Forwarders IPO bid and allotment details will be displayed.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here. 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Om Freight Forwarders IPO will be allotted on 2025-10-06.
Om Freight Forwarders will list on 2025-10-08.
₹106.88 Cr is the issue size of Om Freight Forwarders IPO.
The minimum lot size is 111 shares and the investment required is ₹14985.
The price band of Om Freight Forwarders IPO is ₹128 to ₹135.
You can read more about Om Freight Forwarders and its IPO from the company’s red herring prospectus (RHP) here.
Om Freight Forwarders Ltd IPO consists of a fresh issue aggregating up to ₹24.436 crores along with an offer for sale aggregating up to 7,250,000 equity shares.
The IPO will open for bidding on September 29, 2025 and close on October 3, 2025.
Rahul Jagannath Joshi is the MD and Chairman of Om Freight Forwarders Ltd.
The lot size of shares in the Om Freight Forwarders Ltd IPO is 111.
You can read more about the IPO of Om Freight Forwarders Ltd from the company’s red herring prospectus here.