Om Freight Forwarders to launch ₹25cr IPO
Om Freight Forwarders is launching its IPO with shares priced between ₹128-135.
You can apply from September 29 to October 3, and the minimum you'll need to buy is 111 shares.
Anchor investors get an early shot on September 26.
They reported a profit of ₹13.22 crore last year
Headquartered in Mumbai, they're a third-party logistics company moving goods by sea, air, road, and rail.
With 28 branches across India and connections to over 800 global destinations, they reported ₹250.29 crore in revenue and ₹13.22 crore profit after tax for the year ending September 2024.
Proceeds will help them buy new commercial vehicles, heavy equipment
The IPO aims to raise ₹25 crore—most of it (₹16.64 crore) will help them buy new commercial vehicles and heavy equipment; the rest goes toward general business needs.
Shares are set to be listed on BSE and NSE, with Smart Horizon Capital Advisors managing the process.