Om Freight Forwarders Limited is an experienced third-party logistics (3PL) services provider based in Mumbai, established in 1995. The company offers a wide range of logistics solutions including international freight forwarding, customs clearance, vessel agency, transportation, warehousing, and distribution using sea, air, road, and rail modes. The firm is ISO certified and has a strong presence with 700+ locations worldwide across five continents.
Om Freight focuses on affordable and timely logistics services to customers in sectors such as minerals, mining, steel, coal, oil & gas, energy, power, FMCG, infrastructure, and manufacturing.
READ FULL DRHP HERE: |SEBI DRHP OM FREIGHT|
IPO Details
| Details | Information |
|---|---|
| IPO Opening Date | September 29, 2025 |
| IPO Closing Date | October 3, 2025 |
| Listing Date | October 8, 2025 |
| Price Band | ₹128 - ₹135 per share |
| Minimum Lot Size | 111 shares (Approx. ₹14,985) |
| Issue Size | ₹122.31 crore (₹24.44 crore fresh + ₹97.87 crore OFS) |
| Face Value | ₹10 per share |
| Stock Exchanges | NSE, BSE |
| Registrar | Bigshare Services Pvt Ltd CLICK HERE |
| Book-running Manager | Smart Horizon Capital Advisors |
IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | September 29, 2025 |
| IPO Closes | October 3, 2025 |
| Allotment Finalization | October 6, 2025 |
| Refunds | October 7, 2025 |
| Shares Credited | October 7, 2025 |
| Listing Date | October 8, 2025 |
Use of Proceeds
- Purchase of commercial vehicles and heavy equipment: ₹17.15 crore
- General corporate purposes: Remaining proceeds
Key Financials (FY23-FY25)
| Metric | FY23 (₹ Cr) | FY24 (₹ Cr) | FY25 (₹ Cr) |
|---|---|---|---|
| Revenue | 471.14 | 410.50 | 490.14 |
| Profit After Tax | 27.16 | 10.35 | 21.99 |
| EBITDA Margin | 7.07% | 6.58% | 7.69% |
| PAT Margin | 5.76% | 2.52% | 4.49% |
| Debt to Equity | 0.06 | 0.08 | 0.17 |
| ROE | 12.68% | 5.17% | 13.53% |
| ROCE | 15.18% | 9.72% | 15.80% |
| EPS (₹) | 8.52 (FY23) | 3.25 (FY24) | 6.90 (FY25) |
Analysis
- Revenue Growth: Revenue decreased in FY24 due to pandemic-related challenges but rebounded strongly in FY25 with 19% growth.
- Profit Volatility: PAT margins dipped sharply in FY24 but recovered in FY25; indicating some inconsistency in profitability.
- Low Debt: Debt levels remain very conservative, which reduces financial risk.
- Returns: Improved ROE and ROCE in FY25 indicate better utilization of shareholder equity and capital.
- Valuation: PE multiple historically high around 19.6x, possibly priced at premium.
Why do some investors like this IPO?
- The IPO offers investors exposure to a growing Indian 3PL logistics sector with global operations.
- Positive factors include growing container volumes, increasing EBITDA margins, and conservative borrowing.
- Volatile profitability and some dependence on other income pose risks.
- Promoters are offering substantial shares in the Offer For Sale.
POINTS OF CAUTION:
- Om Freight Forwarders faces risks from high reliance on a few key customers and geographic concentration in Maharashtra.
- The business depends on industries prone to economic cycles and involves transactional contracts without long-term guarantees.
- Competitive pressures, dependence on third-party transport providers, and past revenue volatility add uncertainty.
- Additionally, global trade and geopolitical factors could impact future performance. Investors should consider these risks alongside growth prospects before investing.