For investors, it can be quite challenging to decide if the Om Freight Forwarders IPO is a good investment or not. If you are unsure and still thinking about whether to apply or skip this IPO, don’t worry. In this article, we present the top key factors and a detailed review of the Om Freight Forwarders IPO. This will help you analyze the strengths, risks, and financial details of the Om Freight Forwarders IPO, making your investment decision better.
About Company
Incorporated on 16 December 1995, Om Freight Forwarders is one of the major 3rd party logistics providers involved in providing logistics services to customers. The portfolio comprises a wide range of services, which consist of international freight forwarding, customs clearance (CHA), vessel agency services, transportation services, warehousing, and distribution.
Om Freight is known to provide affordable logistics solutions that allow seamless operations and timely delivery across all locations. 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. They are a trusted India-based agent focused on providing an extensive range of import and export customs clearance services. The company has been in the business of logistics for over 40 years, all due to its strong knowledge and expertise combined with modern technology.
Strengths
- Om Freight Forwarders is one of the leading companies involved in offering end-to-end logistics and solutions.
- Proven history of delivering reliable and efficient services.
- The company has a presence across diverse industry verticals.
- The company is supported by a dedicated senior management team with several years of experience in the logistics industry.
Weaknesses
- The company generates most of its revenue from the top 10 customers. Loss of any of these customers can badly impact the business, financial operations, and cash flow.
- The company has shown a low interest coverage ratio.
- Om Freight does not have long-term contracts with shipping companies. If they try to break the contract, it can badly affect the business, cash flow, and revenue.
- The company faces strong competition from both domestic and international shipping and logistics companies, which could negatively impact the business, financials, and cash flow.
Om Freight Forwarders IPO Review
| Reviewer | Recommendation |
| IPO Watch | May Apply |
| Capital Market | Neutral |
| Canara Bank | |
| DRChoksey FinServ | |
| Emkay Global | |
| Hem Securities | |
| IDBI Capital | |
| Marwadi Shares | |
| Nirmal Bang | |
| SBICAP Securities | |
| Sharekhan | |
| SMC Global | |
| Sushil Finance | |
| Swastika Investmart | |
| Ventura Securities | |
| Geojit | |
| Reliance Securities | |
| BP Wealth | |
| ICICIdirect | |
| Choice Broking |
Om Freight Forwarders IPO Details
| IPO Open Date: | September 29, 2025 |
| IPO Close Date: | October 3, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹128 to ₹135 Per Share |
| Issue Size: | ₹122.31 Crores |
| Fresh Issue | ₹24.44 Crores |
| Registrar | Bigshare Services Pvt Ltd |
| IPO Lead Managers | Smart Horizon Capital Advisors Private Limited |
| Basis of Allotment | October 6, 2025 |
| IPO Listing Date: | October 8, 2025 |
| Listing | BSE, NSE |
Financial Performance Trend Details
| Particulars | For the year ended March 31, 2025 | For the year ended March 31, 2024 | For the year ended March 31, 2023 |
| Total Income | ₹494.05 Cr | ₹421.32 Cr | ₹493.35 Cr |
| EBITDA | ₹37.71 Cr | ₹11.96 Cr | ₹33.33 Cr |
| EBITDA Margin (%) | 37.71% | 11.96% | 33.33% |
| Profit after Tax (PAT) | ₹21.99 Cr | ₹10.35 Cr | ₹27.16 Cr |
| Net Worth | ₹173.47 Cr | ₹151.58 Cr | ₹139.24 Cr |
| Total Borrowings | ₹26.95 Cr | ₹24.47 Cr | ₹7.53 Cr |
Peer Comparison with the Company
| Name of the Company | Face Value per Equity Share (₹) | P/E | EPS (Basic) (₹) | RoNW (%) | NAV (₹ per Share) |
| Om Freight Forwarders Limited | ₹10 | [●] | ₹6.90 | 12.68% | ₹54.44 |
| Tiger logistics (India) limited | ₹1 | 19.72x | ₹2.56 | 19.53% | ₹13.08 |
| Total Transport Systems Limited | ₹10 | 13.32x | ₹5.54 | 10.56% | ₹51.76 |
| AVG Logistics Limited | ₹10 | 16.15x | ₹15.01 | 8.65% | ₹163.76 |
| Patel Integrated Logistics Limited | ₹10 | 13.33x | ₹1.13 | 6.25% | ₹17.48 |
Key Performance Indicator
| KPI | Values |
| ROE | 13.53% |
| ROCE | 15.80% |
| Debt/Equity | 0.17 |
| RoNW | 12.68% |
| PAT Margin | 4.49% |
| EBITDA Margin | 7.69% |
| Price to Book Value | 2.48 |
Promoters & Track Records, if any
- Rahul Jagannath Joshi holds 14,339,714 shares, representing 45.00% of pre-Issue paid-up capital in the company.
- Harmesh Rahul Joshi holds 8,547,458 shares, representing 26.82% of pre-issue paid-up capital in the company.
- Jitendra Maganlal Joshi holds 3,186,540 shares, representing 10.00% of pre-issue paid-up capital in the company.
- Kamesh Rahul Joshi holds 3,130,340 shares, representing 9.82% of pre-issue paid-up capital in the company.
Information on Industry’s P/E Ratio
The company Om Freight Forwarders IPO did not show the P/E ratio in the RHP. However, let’s check out the logistics and freight forwarding industry’s P/E ratio to understand it more.
The company’s P/E ratio ranges from a low of 13.32 to a high of 19.72, compared to the industry composite average of 15.63.
Object of the IPO
- The proceeds raised from the fresh issue will be utilized to meet the company’s capital needs for buying commercial vehicles and heavy equipment.
- Lastly, the remaining funds will be used for the company’s general corporate purposes.
Om Freight Forwarders IPO – Should You Apply or Not?
Om Freight Forwarders has maintained consistent financial growth, good return ratios, and a diverse client base across industries and continents. The logistics industry’s outlook remains bright, thanks to increased global trade and demand for integrated supply chain solutions. However, the IPO appears to be reasonably priced in comparison to rivals, with risks from severe competition.
Investors can apply for the IPO for positive listing gains due to favorable sector trends and investor interest. While investors who have higher risk appetite and believe in the growth of the logistics and freight forwarding industry can apply for the IPO for long term.
Please note:
Investors are advised to make their own decisions and apply entirely at their own risk. This article uses information from the company’s RHP (Red Herring Prospectus) data and online sources. If you have any queries, kindly contact the IPO Watch Team.
