Om Freight IPO Subscribed on Day 1

New Delhi, Sep 29 (PTI) The initial public offering (IPO) of Om Freight Forwarders Ltd, a logistics and freight forwarding company, got fully subscribed on the first day of share sale on Monday.

The Rs 122.3-crore IPO received bids for 1,09,96,659 shares against 79,16,945 shares on offer, translating into 1.39 times subscription, according to NSE data.

The portion meant for non-institutional investors garnered 4.03 times subscription. Qualified institutional buyers category got subscribed 1.10 times and retail individual investors portion received 54 per cent 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 IPO has a price range of Rs 128-135 per share.

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