Om Freight Forwarders Limited Files DRHP for IPO
Om Freight Forwarders Limited has announced its Draft Red Herring Prospectus (DRHP) for an upcoming IPO. The IPO consists of a fresh issue of equity shares, aiming to raise 25 crore. This offering presents an opportunity for investors to participate in the growth story of a key player in the freight forwarding sector.
Company Overview
Om Freight Forwarders Limited operates in the logistics and freight forwarding industry. The company focuses on providing comprehensive logistics solutions to its clients. Its services include freight forwarding, transportation, and supply chain management.
Key Achievements
Om Freight Forwarders Limited has demonstrated robust financial performance. The company has shown consistent growth in revenue and profitability. Some of its key achievements include:
- Strong revenue growth over the past few years.
- Consistent profitability with increasing Profit After Tax (PAT).
Financial Overview
The following table provides a snapshot of Om Freight Forwarders Limited s financial performance for the most recent fiscal year: (Figures in crores)
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 283.43 | 268.84 | 305.18 | 459.32 |
| Revenue | 250.29 | 410.50 | 471.14 | 592.50 |
| Profit After Tax | 13.22 | 10.35 | 27.16 | 9.21 |
| Net Worth | 164.72 | 151.58 | 139.24 | 111.83 |
| Reserves and Surplus | 132.85 | 151.47 | 139.13 | 111.71 |
| Total Borrowing | 28.08 | 24.47 | 7.53 | 10.19 |
Offer for Sale and IPO Structure
The IPO includes a fresh issue of equity shares. The allocation of shares for different investor categories is as follows:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
The shares of Om Freight Forwarders Limited are proposed to be listed on the BSE and NSE.
Lead Managers and Registrar
The lead manager for the IPO is Smart Horizon Capital Advisors Private Limited.
The registrar for the IPO is Bigshare Services Private Limited.
Conclusion
Om Freight Forwarders Limited’s IPO presents a promising investment opportunity in the growing logistics sector. Investors are encouraged to stay updated on the IPO dates and consider this opportunity. For more details, please refer to the DRHP available on the SEBI website and the websites of the lead manager and registrar.