Om Freight Forwarders Disappoint Investors As Shares List At 40% Discount To IPO Price On NSE, BSE

Om Freight Forwarders shares listed at a massive discount of nearly 40 per cent to its issue price, coming as a major disappointment to the allottees of its initial public offering (IPO).

On the NSE, Om Freight Forwarders shares opened at Rs 81.50 apiece, down 39.63 per cent, and on the BSE, the stock opened at Rs 82.50 per share, down 38.89 per cent from IPO price of Rs 135.

The company's market capitalisation post debut stood at Rs 277.82 crore.

Om Freight Forwarders IPO GMP Showed Weak Demand

Ahead of listing, Om Freight Forwarders shares were already trading at a modest discount of Rs 3 per share, or 2.22 per cent, signaling weak demand, though the fall at listing was much sharper than expected.

It is worth noting that GMPs show investor interest in an IPO, however, they do not always match how the stock performs on the exchange on the day of listing.

Om Freight Forwarders IPO Details

Om Freight Forwarders raised a total of Rs 122.3 crore through its IPO, which included a fresh issue of up to Rs 24.43 crore and an offer for sale (OFS) of 72.5 lakh shares by promoter shareholders. The IPO was open for subscription from September 29 to October 3, 2025, with a price band of Rs 128-135 per share.

The OFS saw Rahul J Joshi sell 39.875 lakh shares, Harmesh R Joshi offload 25.375 lakh shares, and Kamesh R Joshi divest 7.25 lakh shares. Proceeds from the fresh issue will primarily be used to fund capital expenditure, including the purchase of commercial vehicles and heavy equipment, with the remainder earmarked for general corporate purposes.

Om Freight Forwarders Company Profile

Om Freight Forwarders Ltd, incorporated in June 1995, is a Mumbai-based third-generation logistics company. According to its red herring prospectus, the company provides end-to-end logistics services, including international freight forwarding, customs clearance, warehousing, and transportation.

It operates across five continents, serving more than 700 locations worldwide, and handled 66.86 million metric tons of cargo in FY25. Om Freight also offers project and charter services, inventory management, and specialised solutions such as bonded trucking and cross-trade operations.

The company has 28 branches across India. It has partnerships that cover more than 800 destinations around the world. It owns 135 commercial vehicles and works with 22 logistics partners. The company says in its RHP that it is ISO certified and affiliated with key industry bodies like IATA, FIATA, and WCA, focusing on tech-enabled, paper-free, and real-time logistics solutions.