Tools & Calculators
Minimum Investment
29 Sep 25
03 Oct 25
₹14,208
111
₹128 to ₹135
NSE, BSE
₹122.31 Cr
08 Oct 25
29 Sep 25
03 Oct 25
06 Oct 25
07 Oct 25
07 Oct 25
08 Oct 25

Om Freight Forwarders Limited is a third-generation international logistics company with over 40 years of experience. Headquartered in Mumbai, it serves 700+ locations worldwide with offices across five continents, including China, Hong Kong, the UK, and Singapore. With branches at major Indian cities, airports, and seaports, it offers versatile freight solutions. Accredited by MTO, IATA, and FIATA, Om Freight partners with global freight forwarders and customs brokers to provide tailored, cost-effective logistics services, including end-to-end legal, warehousing, and distribution support.
Om Freight Forwarders IPO is a book-built issue worth ₹122.31 crores, comprising a fresh issue of 0.18 crore shares aggregating ₹24.44 crores and an offer for sale of 0.73 crore shares aggregating ₹97.88 crores. The subscription opens on September 29, 2025, and closes on October 3, 2025, with allotment expected on October 6 and listing on BSE and NSE scheduled for October 8, 2025. The price band is ₹128 to ₹135 per share, with a lot size of 111 shares. Retail investors can apply with a minimum investment of ₹14,985, while sNII and bNII categories require ₹2,09,790 and ₹10,03,995 respectively. Smart Horizon Capital Advisors Pvt. Ltd. is the book-running lead manager, and Bigshare Services Pvt. Ltd. acts as the registrar.
| Category | Details |
| Issue Type | Book Built Issue IPO |
| Total Issue Size | 90,60,074 shares (aggregating up to ₹122.31 Cr) |
| Fresh Issue: 18,10,074 shares (aggregating up to ₹24.44 Cr)
Offer for Sale (OFS): 72,50,000 shares of ₹10 (aggregating up to ₹97.88 Cr) |
|
| IPO Dates | 29 September 2025 to 3 October 2025 |
| Price Bands | ₹128 to ₹135 per share |
| Lot Size | 111 shares |
| Face Value | ₹10 per share |
| Listing Exchange | BSE, NSE |
| Shareholding pre-issue | 3,18,65,400 shares |
| Shareholding post -issue | 3,36,75,474 shares |
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 111 | ₹14,985 |
| Retail (Max) | 13 | 1,443 | ₹1,94,805 |
| S-HNI (Min) | 14 | 1,554 | ₹2,09,790 |
| S-HNI (Max) | 66 | 7,326 | ₹9,89,010 |
| B-HNI (Min) | 67 | 7,437 | ₹10,03,995 |
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
| KPI | Value |
| Earnings Per Share (EPS) (Pre/Post) | 6.90/6.53 |
| Price/Earnings (P/E) Ratio (Pre/Post) | 19.56/20.67 |
| Return on Net Worth (RoNW) | 6.82% |
| Net Asset Value (NAV) | 47.57 |
| Return on Equity | 13.53% |
| Return on Capital Employed (ROCE) | 15.80 |
| EBITDA Margin | 7.69% |
| PAT Margin | 4.49% |
| Debt to Equity Ratio | 0.17 |
The Net Proceeds are intended to be utilised as per the details provided in the table below:
| Particulars | Amount (in ₹ million) |
| Funding of the capital expenditure requirements of the company related to the acquisition of commercial vehicle and heavy equipment | 171.5 |
| General corporate purposes* | [●] |
Note: *To be determined upon finalisation of the Offer Price and updated in the Prospectus prior to filing with the RoC
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 312.02 | 268.84 | 305.18 |
| Total Income | 494.05 | 421.32 | 493.35 |
| Profit After Tax (PAT) | 21.99 | 10.35 | 27.16 |
| Net Worth | 173.47 | 151.58 | 139.24 |
| Total Borrowing | 26.95 | 24.47 | 7.53 |

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End-to-End Logistics Services and Solutions
Om Freight Forwarders Limited offers comprehensive end-to-end logistics services tailored to meet diverse client needs. Their solutions include domestic and international transportation, multi-user warehousing, in-factory logistics, and value-added services like packaging and post-shipment support. With a pan-India network and customised supply chain solutions, the company ensures efficiency, scalability, and long-term partnerships across varied industries, including a decade-long collaboration with a leading steel producer.
Track record of high-quality and efficient service delivery
Since its establishment in 1995, Om Freight Forwarders Limited has built a strong reputation for delivering reliable and high-quality logistics solutions. The company adheres to certified standards—ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018—ensuring process-driven service excellence across freight forwarding, bulk handling, ODC transport, and safety-critical logistics operations.
Operational capabilities of own fleet
Om Freight Forwarders Limited operates a versatile in-house fleet comprising cranes, forklifts, trailers, payloaders, tippers, and marine vessels. With 99 skilled equipment operators as of September 30, 2024, the company ensures efficient operations, reduced downtime, and smooth cargo movement across ports, warehouses, and client destinations, reinforcing its self-reliant logistics infrastructure.
Building long-term client relationships
Om Freight Forwarders Limited has cultivated enduring client relationships, with high contract renewal rates reflecting service satisfaction. The company consistently delivers tailored solutions and maintains strong engagement with clients, including five of its top ten customers for over five years, helping secure a recurring revenue base and sustained business growth.
Presence across diverse industry verticals
Om Freight Forwarders Limited caters to over 1,500 clients across industries like steel, mining, EPC, FMCG, power, and tyres. Its comprehensive door-to-door B2B logistics services and sector-specific expertise enable it to transfer best practices across verticals, resulting in customised solutions and broader industry reach across each fiscal year.
Skilled and experienced management team with relevant industry experience
Om Freight Forwarders Limited is steered by an experienced leadership team led by its promoters and directors with decades of expertise in logistics. With operational heads in place for each business vertical, the company fosters growth through sound governance, long-term employee retention, and a performance-driven workforce culture.
Technological Integration
Om Freight Forwarders Limited leverages advanced technologies to provide real-time tracking, route optimisation, and inventory control. Its tech-driven approach ensures operational transparency, seamless client system integration, and customised solutions—optimising costs, improving service efficiency, and upholding committed delivery timelines across supply chain operations.
Om Freight Forwarders Limited is a distinguished third-party logistics (3PL) provider headquartered in Mumbai, offering integrated logistics services to clients worldwide. Established formally in 1995 under the leadership of the Late Jagannath Vishanji Joshi, the company has grown into a full-scale logistics solutions provider with a global presence. Currently, Rahul Jagannath Joshi serves as the Managing Director, supported by a team with extensive logisticsexpertise.
Comprehensive Service Portfolio
The company delivers end-to-end logistics solutions, ensuring cost-effective, seamless, and timely delivery for businesses regardless of location. Its key services include:
Om Freight specializes in the transportation of complex cargo such as over-dimensional cargo (ODC), heavy lifts, breakbulk, sensitive, and dry bulk cargo, with turnkey solutions tailored to customer needs.
Operational Excellence and Network
With over four decades of experience, the company blends deep customs knowledge with advanced IT systems, ensuring compliance and minimal delays. It operates pan-India through 28 branches and maintains an extensive global network covering 800+ destinations through partnerships. A hybrid asset strategy combining owned and rental equipment optimizes efficiency and flexibility, with a fleet of 152 commercial vehicles and equipment supported by 15 logistics partners.
Client Base and Industry Reach
Om Freight serves diverse industries such as Minerals & Mining, Oil & Gas, FMCG, Energy, and Infrastructure. The company consistently manages high cargo volumes, reflecting strong market demand.
Recognition and Awards
The company has been recognised for excellence and innovation, including record-breaking customs clearance times at JNPT and commendations from Mumbai Port Authority and Adani Ports & SEZ.
The Indian logistics industry is a pivotal component of the nation’s economy, facilitating the movement of goods across various sectors. In 2024, the market was valued at USD 228.4 billion and is projected to reach USD 428.7 billion by 2033, growing at a CAGR of 6.50% .
Growth Drivers
Technological Advancements
Environmental Initiatives
| Name of Company | Revenue
(₹ million) |
Face Value (₹) | P/E (Times) | EPS (₹) | RoNW (%) | NAV (₹) |
| OM Freight Forwarders Limited | 4,105.01 | 10 | [●] | 3.25 | 6.82 | 47.57 |
| Peer Groups | ||||||
| Tiger Logistics (India) Limited | 4,193.26 | 10 | 3.87 | 2206.83 | 23.85 | 2269.63 |
| Accuracy Shipping Limited | 2,402.59 | 1 | 248.67 | 12.27 | 11.70 | 10.48 |
| Total Transport Systems Limited | 7,083.27 | 1 | 88.10 | 0.03 | 0.43 | 7.71 |
| AVG Logistics Limited | 4,881.02 | 10 | 9.38 | 0.78 | 1.65 | 47.17 |
| Patel Integrated Logistics Limited | 4,798.89 | 10 | 15.53 | 26.66 | 15.97 | 146.37 |
Strategic Investment in Fleet and Equipment
Om Freight Forwarders Limited continues to invest significantly in commercial vehicles and earthmoving equipment to enhance service capacity and internal fleet strength. This ongoing investment aligns with their asset-based model, enabling greater operational control, improved customer integration, and reduced reliance on third-party providers.
Capitalising on Logistics Industry Transformation
Recognising the impact of GST and market evolution, Om Freight Forwarders Limited is expanding its advanced, large-format warehousing solutions. By embracing automation and scalable technology, they aim to consolidate operations and support rising demand from FMCG, e-commerce, and third-party logistics providers.
Establishing New Warehousing for Operational Scale
Om Freight Forwarders Limited is developing a large, multi-user warehouse in Bhiwandi, strategically located near major highways. This facility, equipped with automation and real-time tracking, aims to streamline inventory management, reduce operational costs, and provide scalable warehousing solutions tailored to growing client demands.
Customer Acquisition and Sector Diversification
Om Freight Forwarders Limited targets new customer acquisition by leveraging its core logistics expertise. With a track record of onboarding hundreds of new clients annually, the company is also expanding into sectors like FMCG, automotive, and energy, ensuring broader market reach and future-ready growth.
Technology-Led Operational Excellence
Om Freight Forwarders Limited is committed to enhancing technology across operations. By integrating advanced transport and warehouse management systems, IoT projects, and real-time analytics, the company aims to increase asset efficiency, automate core processes, and deliver superior service through cloud-based digital logistics platforms.
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5Complete Transaction on Your UPI App
You can apply via HDFCSky, or other brokers using UPI-based ASBA (Application Supported by Blocked Amount).
The IPO includes a ₹24.44 crore fresh issue and ₹97.88 crore through offer for sale.
The company plans to list its equity shares on both BSE and NSE exchanges.
Promoters include Rahul Joshi, Jitendra Joshi, Harmesh Joshi, and Kamesh Joshi holding 99.04% pre-issue stake.
The company offers global logistics, freight forwarding, warehousing, and end-to-end legal and distribution solutions.
Each equity share of Om Freight Forwarders Limited has a face value of ₹10.