Om Freight Forwarders IPO Subscribed 2.56 Times

New Delhi, Oct 1 (PTI) The initial share sale of Om Freight Forwarders Ltd, a logistics and freight forwarding company, got subscribed 2.56 times on the third day of bidding on Wednesday.

The Rs 122.3-crore initial public offer received bids for 2,02,65,381 shares against 79,16,945 shares on offer, as per NSE data.

The portion for non-institutional investors attracted 5.13 times subscription, while the category for Qualified Institutional Buyers (QIBs) got subscribed 3.95 times. Retail Individual Investors (RIIs) quota received 1.32 times subscription.

The IPO has a fresh issue of up to Rs 24.43 crore and an offer for sale of up to 72,50,000 shares.

The company's IPO has a price range of Rs 128-135 per share.

Smart Horizon Capital Advisors is the book-running lead manager to the offer.