The logistics and freight solutions company’s Rs 122-crore IPO received a healthy 3.9 times overall subscription, led by strong interest from high-net-worth individuals (7.4x) and qualified institutional buyers (4x), while retail investors subscribed 2.8 times.
The company also raised Rs 15.9 crore from anchor investors ahead of the issue opening, showing confidence from long-term participants.
Market participants said the modest GMP reflects a cautious sentiment toward mid-sized logistics IPOs in an already crowded primary market.
Solid fundamentals, but pricing seen as full
Om Freight Forwarders is a third-generation Mumbai-based logistics company offering end-to-end freight, customs, warehousing, and project cargo solutions.
The company has built a strong global presence across 800+ destinations and operates with its own fleet of 135 commercial vehicles, giving it operational control and reliability.
In FY25, the company reported revenue of Rs 494 crore and profit after tax of Rs 22 crore, marking a 17% rise in sales and 113% jump in profit over the previous year.
Its return on equity (ROE) stands at 13.5%, with a low debt-to-equity ratio of 0.17, showing financial stability.
Post-listing outlook
The near-term performance of Om Freight’s stock will depend on investor sentiment toward the logistics sector and broader market liquidity. While the company’s diversified customer base, global footprint, and asset-light expansion model lend it stability, the muted GMP suggests a flat to mildly positive listing on debut.
In the long run, industry tailwinds from increasing trade volumes, supply-chain modernization, and digital freight management could benefit players like Om Freight, provided they sustain growth and margins in a competitive landscape.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
as a Reliable and Trusted News Source