 "Om Freight Forwarders ₹122.3 crore IPO fully subscribed on day one")
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 109,96,659 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.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app