IPO Details
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IPO Size
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Schedule of Om Freight Forwarders IPO
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End date
Allotment of bids
Refund Initiation
Listing on exchange
About Om Freight Forwarders
The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include equity shares with a face value of ₹10 each, aggregating up to ₹25 crores. The offer for sale portion includes up to 7,250,000 equity shares with the same face value of ₹10 each. The total number of shares and aggregate amount are yet to be finalised.
Objectives of Om Freight Forwarders IPO
- Funding of the capital expenditure requirements of the company related to the acquisition of commercial vehicle and heavy equipment.
- General corporate purposes.
Om Freight Forwarder IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band | TBA |
Fresh Issue | ₹25 crore |
Offer for Sale | Up to 7,250,000 equity shares |
EPS (in ₹) for FY24 | 3.25 |
Share Offer and Subscription Details
| 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 |
Industry Outlook
India's logistics sector functions as the backbone of the economy, facilitating the efficient flow of goods, information, and services across the country. Contributing 13-14% to India's GDP, the sector is vital to industries including manufacturing, agriculture, retail, and e-commerce. As one of the largest logistics markets globally, it plays a crucial role in domestic economic activity and enables India's integration into global supply chains.
A significant challenge facing the sector is its high costs, accounting for 14% of GDP compared to the global average of 7-9% in developed economies. This disparity stems from inefficiencies in transportation, fragmented supply chains, and inadequate infrastructure, creating substantial room for improvement and optimisation.
The sector's structure reflects its complexity, with roadways dominating freight movement, followed by railways, which are gaining importance through dedicated freight corridors. Air transport and waterways remain underutilised despite their potential. The logistics landscape is evolving from basic first-party and second-party services to advanced third-party and fourth-party providers that leverage technology and data-driven approaches.
Company Information
Incorporated in 1995 and headquartered in Mumbai, Om Freight Forwarders Private Limited is a third-generation logistics service provider with a global footprint. As a specialised 3PL (Third Party Logistics Provider), the company delivers integrated end-to-end logistics solutions across international markets.
With over four decades of operational expertise, the company offers a comprehensive suite of services including international freight forwarding, customs clearance (CHA), vessel agency services, transportation, warehousing, and distribution. Its specialised capabilities extend to handling project cargo, which demands meticulous planning and technical knowledge.
Om Freight Forwarders serves as a trusted India-based agent for import and export customs clearance across all major air and seaports in the country. The company distinguishes itself by combining deep customs knowledge with advanced information technology, ensuring strict compliance with regulations while minimising delays.
Strengths of Om Freight Forwarders IPO
End-to-end logistics solutions
Om Freight Forwarders delivers comprehensive logistics services that address client requirements across its entire supply chain. As a 3PL provider, it creates significant time and cost efficiencies through integrated solutions spanning transportation, distribution, warehousing, and value-added services. Its offerings include domestic transportation (short to long-haul), in-city distribution, international freight forwarding, and multi-user warehousing (bonded and regular). Its business development team specialises in creating customised solutions that improve service levels, cost efficiency, and visibility within client supply chains.
Track record of excellence and quality certification
Since 1995, Om Freight Forwarders has distinguished itself by delivering consistently reliable solutions across all verticals, including freight forwarding, bulk cargo handling, and over-dimensional cargo transport. Its process-oriented approach ensures standardised, high-quality service that meets or exceeds customer expectations across multiple geographies. This commitment to excellence is formally recognised through multiple international certifications: ISO 9001:2015 for Quality Management, ISO 14001:2015 for Environmental Management, and ISO 45001:2018 for Occupational Health and Safety Management. These certifications demonstrate not only its dedication to service quality but also its commitment to environmental sustainability and workforce safety.
Robust in-house operational capabilities
Om Freight Forwarders maintains extensive in-house logistics capabilities with specialised equipment that ensures operational efficiency. Its infrastructure includes cranes, forklifts, trailers, payloaders, tippers, and vessels – all essential components for smooth logistical operations. As of September 2024, the company employs a dedicated team of 99 equipment operators who maintain operational readiness of their fleet and equipment. This skilled workforce plays a crucial role in minimising downtime and maximising performance and reliability of logistics assets. By controlling its own operational resources rather than relying exclusively on third-party providers, Om Freight Forwarders can deliver more consistent service quality, respond more flexibly to client needs, and better manage operational costs
Risks of Om Freight Forwarders IPO
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Customer concentration risk: Om Freight Forwarders faces significant customer concentration risk, with its top ten customers accounting for 43.3% of revenue as of September 30, 2024. More concerning, its single largest customer contributes 12.3% of operational revenue. This dependence creates vulnerability to client-specific issues like contract terminations, renegotiations, or reduced purchasing volumes. Customer relationships in the logistics industry typically operate under short-term contracts or even without formal agreements, making retention challenging. The loss of any major customer could materially impact business results, affecting operations, cash flow, and financial stability.
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Global trade vulnerability: The company's operations are fundamentally influenced by freight volumes and worldwide trade conditions, making it susceptible to numerous external factors beyond its control. These vulnerabilities include macroeconomic cycle changes, trade barriers, sanctions, boycotts, currency exchange rate fluctuations, and industry-specific challenges like labour disputes and work stoppages within the logistics sector. Additionally, geopolitical events such as wars, hostilities, natural disasters, epidemics, and terrorism can significantly disrupt operations. Any obstruction to trade in markets where it receives cargo or ship through its facilities could cause severe economic fluctuations, including changes in demand, natural disasters causing infrastructure damage, or governmental actions affecting minimum prices, export subsidies, or import restrictions-all potentially impacting business results.
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Customer industry performance dependencies: Om Freight Forwarders serves a diverse customer base across numerous industries with varying demand patterns and seasonality. This creates inherent vulnerability to industry-specific downturns. The company acknowledges dependence on customer performance and business fluctuations that could impact service demands. If customers in key industries experience performance declines, this could result in decreased shipping volumes, service cancellations, or reduced work orders. The potential loss of business from significant customers in specific industries, if not replaced, would materially affect operations, financial condition, and cash flow. This structural risk is particularly concerning given the previously noted customer concentration, as industry-specific downturns affecting top clients would have disproportionate negative impacts on the company's overall performance.
Om Freight Forwarders Financials
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Peer Comparison
| Company Name | Revenue from Operations (₹ Cr) | P/E Ratio | EPS (Basic) (₹) | NAV per share (₹) |
|---|---|---|---|---|
Om Freight Forwarders Limited | 410.50 | - | 3.25 | 47.57 |
Tiger Logistics (India) Limited | 419.32 | 3.87 | 2206.83 | 2269.63 |
Accuracy Shipping Limited | 240.25 | 248.67 | 12.27 | 10.48 |
Total Transport Systems Limited | 708.32 | 88.10 | 0.03 | 7.71 |
AVG Logistics Limited | 488.10 | 9.38 | 0.78 | 47.17 |
Patel Integrated Logistics Limited | 479.88 | 15.53 | 26.66 | 146.37 |
Registrar: Smart Horizon Capital Advisors Private Limited
Book Running Lead Managers: Bigshare Services Pvt Ltd
Business Model
Om Freight Forwarders generates revenue through comprehensive end-to-end logistics services across multiple transport modes, specialising in high-value project cargo handling and ODC transportation. Its hybrid "asset-right" model optimises profitability by balancing owned assets with strategic rental partnerships, serving 1,600+ customers across diverse industries.
Company Growth Trajectory
Om Freight Forwarders shows fluctuating revenue performance, with operations revenue declining from ₹592.50 crores in FY22 to ₹471.13 crores in FY23 (-20.5%), and further to ₹410.50 crores in FY24 (-12.9%). However, EBITDA has shown remarkable improvement, growing from ₹8.64 crores in FY22 to ₹33.33 crores in FY23 (+285.8%), though declining to ₹11.96 crores in FY24 (-64.1%). The first half of FY25 already shows strong performance with ₹250.29 crores in revenue and ₹22.07 crores in EBITDA, suggesting potential recovery.
Om Freight Forwarders Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crores) | 421.32 | 493.35 | 616.39 |
Profit Before Tax (in ₹ crores) | 13.82 | 36.43 | 12.13 |
Profit After Tax (in ₹ crores) | 10.34 | 27.15 | 9.21 |
EPS (Basic) ₹ | 3.25 | 8.52 | 2.89 |
EBITDA (in ₹ crores) | 11.96 | 33.33 | 8.64 |
Om Freight Forwarders Balance Sheet
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit Before Tax (in ₹ crores) | 13.82 | 36.43 | 12.13 |
Net Cash from Operating Activities (₹ crores) | 37.69 | 5.69 | (21.32) |
Net Cash from Investing Activities (₹ crores) | (49.47) | 14.64 | 10.09 |
Net Cash from Financing Activities (₹ crores) | 15.99 | (3.29) | 4.59 |
Net Cash & Cash Equivalents (₹ crores) | 4.22 | 17.04 | (6.62) |
How to check allotment status of Om Freight Forwarders IPO?
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
- Select 'Equity' from the dropdown menu
- Choose 'Om Freight Forwarders Limited' in the next dropdown
- Enter your application number
- Enter your PAN
- Click 'Search'
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:
- Application number
- PAN
Then click 'Submit'. Your Om Freight Forwarders IPO bid and allotment details will be displayed.
How to apply for Om Freight Forwarders IPO?
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
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 FAQs
Where can I read more about Om Freight Forwarders business?
You can read more about Om Freight Forwarders and its IPO from the company’s red herring prospectus (RHP) here.
What is the Om Freight Forwarders IPO?
Om Freight Forwarders Limited's IPO consists of a ₹25 crore fresh issue and an offer for sale of up to 7,250,000 equity shares, both with a face value of ₹10 each. The total offer size combines both components but remains to be finalised.
Is Om Freight Forwarders IPO coming?
Yes, Om Freight Forwarders Ltd is expected to come up with its IPO soon.
Who is the Chairman of Om Freight Forwarders Ltd?
Rahul Jagannath Joshi is the Chairman of Om Freight Forwarders.
What is the lot size of shares of Om Freight Forwarders Ltd IPO?
The company hasn’t given any information on the lot size yet.
