Om Freight Forwarders Ltd IPO: Check IPO Date, Lot Size, Price & Details

Om Freight Forwarders IPO

Introduction to Om Freight Forwarders Ltd IPO:

Incorporated in June 1995, OM Freight Forwarders Limited is a Mumbai-headquartered third-party logistics (3PL) provider offering integrated, end-to-end logistics solutions. It has evolved from a freight forwarder and customs clearance agent into a full-scale logistics player with a global footprint. The company operates across India through 28 branches and has an extensive international reach, serving over 800 destinations across five continents via strategic partnerships.

OM Freight provides a single-window spectrum of logistics services, including international freight forwarding, customs clearance, vessel agency, multi-modal transportation, warehousing, distribution, and project logistics. It manages over 90,000+ TEUs annually for more than 1,600 corporate clients and handled 66.86 million metric tons (MMTS) of cargo in FY2025. Its service offerings extend to specialised project and charter services, nominated cargo, bonded trucking, cross trade, and post-shipment activities.

The company owns a fleet of 135 commercial vehicles and equipment such as cranes, forklifts, trailers, and tippers, and leverages 22 logistic partners to enhance service reach. OM Freight is ISO certified and holds memberships with IATA, FIATA, WCA, GLPN, FFI, and MTO. With technology-led solutions like paperless documentation, GPS tracking, and real-time shipment monitoring, it positions itself as a comprehensive logistics partner for global trade.

IPO Details:

IPO Date

29th Sept 2024 to 3rd Oct 2025

Face Value

₹ 10/- per share

Price Band

₹ 128 to ₹ 135 per share

Lot Size

111 shares and in multiples thereof

Issue Size

₹ 122.31 crores

Fresh Issue

₹ 24.44 crores

Offer for Sale

₹ 97.88 crores

Expected Post Issue Market Cap (At upper price band)

₹ 454.62 crores

Objects of the Issue

  • Funding of the capital expenditure requirements of our company related to the acquisition of commercial vehicle and heavy equipment
  • General corporate purposes 

Key Strengths

End-to-End Logistics Solutions:
The company operates as a single-window 3PL provider, offering a full suite of services across the logistics value chain. Its offerings include domestic and international transportation, bonded and general warehousing, in-factory logistics, and value-added services such as packaging and palletising. This integrated model enables clients to optimise both time and cost, driving higher service stickiness.

Operational Capabilities with Owned Fleet:
The company follows a hybrid asset-light strategy by combining owned and leased assets to maximise operational efficiency. Its owned fleet comprises 135 commercial vehicles and specialised equipment including cranes, forklifts, trailers, payloaders, tippers, and vessels, supported by a team of 134 equipment operators. This asset base provides greater control, reliability, and responsiveness in service delivery while reducing operational downtime.

Diversified Industry Presence:
The Company services a wide spectrum of industries, including minerals, mining & steel, EPC & infrastructure, coal & energy, FMCG, automotive, and oil & gas. With a client base of over 1,600 customers across diverse sectors, it benefits from cross-industry expertise and reduced exposure to cyclical downturns in any single sector.

Risks

Customer and Geographic Concentration:
In FY2025, the top 10 clients contributed 40.39% of revenues, with the largest customer accounting for 11.60%. Any reduction in business from such clients may materially impact operations. Further, over 85% of revenues were derived from Maharashtra, exposing the company to concentration risk from adverse regional developments.

Intense Industry Competition:
The logistics sector is highly competitive and fragmented, with low entry barriers and several unorganised as well as organised players. The company faces pricing and market share pressures from domestic as well as global logistics providers, some of whom possess larger scale and stronger financial resources. Sustained competitive intensity may impact margins and growth prospects. 

Financial Snapshot

Particulars (₹ in million, unless otherwise specified)

For the financial year ended March 31, 2023

For the financial year ended March 31, 2024

For the financial year ended March 31, 2025

Revenue from operations

4711.38

4105.01

4901.37

EBITDA

333.31

119.6

377.14

EBITDA Margin (%)

7.07%

2.91%

7.69%

Profit for the year (PAT)

271.58

103.45

219.9

PAT Margin (%)

5.76%

2.52%

4.49%

Net Worth

1392.39

1515.81

1734.72

Total Borrowings

75.29

244.71

269.53

Return on Net Worth (RoNW) (%)

19.50%

6.82%

12.68%

Return on Equity (RoE) (%)

21.63%

7.11%

13.53%

Return on Capital Employed (RoCE) (%)

35.46%

9.72%

15.80%

Debt to Equity Ratio (in Times)

0.07

0.17

0.17

Basic & Diluted EPS (Post Bonus) (in ₹)

8.52

3.25

6.9

Net Asset Value per Equity Share (in ₹)

43.7

47.57

54.44

Current Ratio (in Times)

1.56

1.7

1.57

 

 

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