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  1. Om Freight Forwarders IPO Day 1: Issue booked 88% so far, NIIs see demand; check other details

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Om Freight Forwarders IPO Day 1: Issue booked 88% so far, NIIs see demand; check other details

Ahana Chatterjee - image.jpg

3 min read | Updated on September 29, 2025, 14:54 IST

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SUMMARY

Until 2:50 PM, the initial share sale received bids for 69,33,837 shares as compared to 7,916,945 shares on offer, as per exchange data

Om Freight Forwarders IPO has a price band of ₹128 to ₹135 per share and will conclude on October 1. | Image: Shutterstock

Om Freight Forwarders IPO has a price band of ₹128 to ₹135 per share and will conclude on October 1. | Image: Shutterstock

The initial public offering (IPO) of Om Freight Forwarders opened for subscription on Monday, September 29. On its debut day, the issue garnered moderate investor interest, with 88% of the offer subscribed so far.
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Until 2:50 PM, the initial share sale received bids for 69,33,837 shares as compared to 7,916,945 shares on offer, as per exchange data.

The non-institutional investor (NII) segment was subscribed 2.82 times, while the retail individual investor (RII) portion drew 0.35 times subscription. However, the qualified institutional buyers (QIB) category was booked 0.28 times.

Om Freight Forwarders IPO has a price band of ₹128 to ₹135 per share and will conclude on October 1. The minimum application size is 111 shares.

The public offer seeks to raise ₹122.31 crore by offering 0.18 crore shares worth ₹24.44 crore and an OFS of ₹97.88 crore by promoters Rahul Jagannath Joshi, Kamesh Rahul Joshi and Harmesh Rahul Joshi.

Om Freight Forwarders Limited IPO Objective
The money raised from the IPO will be used towards the following objectives:
Capital expenditure (70.1%): The company will utilise up to ₹17.15 crore to acquire commercial vehicles & heavy equipment.
General corporate purposes (29.9%): Part of the IPO proceeds will be used for general corporate purposes.
Om Freight Forwarders IPO important dates

Om Freight Forwarders Limited IPO will close on October 3, 2025. After this, investors are expected to be updated about the allotment status on October 6, 2025. 

Investors who have been allotted shares can expect them to be credited to their demat account on October 7, 2025. The shares will be listed on the NSE and the BSE on Wednesday, October 8, 2025.

Incorporated in June 1995, Om Freight Forwarders is a third-party logistics provider, offering integrated service to our customer. Its services include international freight forwarding, vessel agency services, customs clearance (CHA), warehousing, transportation service and distribution.

Om Freight Forwarders financials
Performance Metric (₹ Crores)FY23FY24FY25
Revenue471.1410.5490.1
Total Assets305.1268.8312.0
Net Profit27.110.321.9
EBITDA33.311.937.7
Om Freight Forwarders IPO GMP
According to investorgain.com and media reports, the unlisted shares of Om Freight Forwarders are trading at ₹144 per share, reflecting a grey market premium of 6.67% over ₹135, the upper price band of the issue.
Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Ahana Chatterjee - image.jpg
Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.

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