Om Freight Forwarders's ₹122cr IPO opens today: Key details
Om Freight Forwarders, a Mumbai-based logistics company, is opening its IPO from September 29 to October 1, aiming to raise ₹122 crore.
The price band is set at ₹128-135 per share, and you'll need to buy at least 111 shares (about ₹14,985 minimum for retail investors).
The offer includes both fresh shares and an offer for sale by existing shareholders.
About the company
The company handles international freight forwarding, customs clearance, project logistics, warehousing, and domestic transport.
With 28 branches across India and a network reaching over 800 global destinations, they own 135 vehicles and partner with 22 other logistics firms.
Financials and use of funds
In FY25 (the year ending March 2025), revenue hit ₹494 crore—up 17% from last year—while profit more than doubled to nearly ₹22 crore.
Most of the new funds will go toward buying vehicles and equipment (₹17.15 crore), with the rest for general business needs.