On March 31, 2025, one of the leading Third-Party Logistics Providers, Om Freight Forwarders, submitted its DRHP to the market capitalisation SEBI to launch its IPO.
This IPO consists of a combination of fresh issues of ₹25 crore and an Offer-for-sale of up to 7,250,000 Equity Shares by promoters with a face value of ₹10 each.
Rahul Jagannath Joshi, Harmesh Rahul Joshi, and Kamesh Rahul Joshi are the promoters of the company.
Rahul Jagannath Joshi will be selling 3,987,500 Equity Shares, Harmesh Rahul Joshi will be selling 2,537,500 Equity Shares, and Kamesh Rahul Joshi will be selling 725,000 Equity Shares.
The proceeds raised via the Initial public offering will be utilized to buy commercial vehicles and heavy equipment. Whereas the remaining funds will be used for the company’s general corporate purposes.
Om Freight Forwarders, incorporated on 16 Dec 1995, is one of the well-known Third Party Logistics Providers to its custome₹. The company offers services like international freight forwarding, customs clearance (CHA), vessel agency services, transportation services, warehousing, and distribution.
The company established itself as providing affordable logistics services with on-time delivery. They are also involved in the cargo project, which consists of moving large or complex shipment that requires careful planning and technical skills. They are a trusted India-based agent focused on providing a wide range of import and export customs clearance services throughout significant air and seaports in the country.
In FY24, the company generated revenue of ₹410 crore from operations. The company reported a ₹10.4 crore profit after tax, whereas it generated a PAT Margin of 2.52%, respectively.
The book-running lead manager of this public issue is Smart Horizon Capital Advisors Private Limited. Whereas, Bigshare Services Pvt Ltd is the registrar of the offer.
The equity shares of this IPO are proposed to be listed on the Stock Exchange Limited and the Bombay Stock Exchange.
Om Freight Forwarders IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Om Freight Forwarders Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹616.40 | ₹604.71 | ₹9.21 |
| 2023 | ₹493.35 | ₹457.50 | ₹27.16 |
| 2024 | ₹421.32 | ₹407.84 | ₹10.35 |
| September 2024 | ₹251.92 | ₹234.37 | ₹13.22 |
Om Freight Forwarders IPO Valuation – FY2024
Om Freight Forwarders IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹3.25 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 6.82% |
| Net Asset Value (NAV): | ₹47.57 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Tiger logistics (India) limited | 2206.83 | 3.87 | 23.85 | 2269.63 | 419.33 Cr. |
| Accuracy Shipping Limited | 12.27 | 248.67 | 11.70 | 10.48 | 240.26 Cr. |
| Total Transport Systems Limited | 0.03 | 88.10 | 0.43 | 7.71 | 708.33 Cr. |
| AVG Logistics Limited | 0.78 | 9.38 | 1.65 | 47.17 | 488.10 Cr. |
| Patel Integrated Logistics Limited | 26.66 | 15.53 | 15.97 | 146.37 | 479.89 Cr. |
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.
IPO Lead Managers aka Merchant Bankers
- Smart Horizon Capital Advisors Private Limited
