Om Freight Forwarders Ltd.'s initial public offering opened for subscription for the second day on Tuesday. (Image: omfreight.com/Canva) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Om Freight Forwarders Ltd.'s initial public offering opened for subscription for the second day on Tuesday. The IPO was subscribed 1.39 times led by non-institutional investors on its first day on Monday.

The Rs 122.31-crore IPO is a book-built issue that comprises a fresh issue of 18 lakh shares to raise Rs 24.44 crore and an offer-for-sale component of 73 lakh shares worth Rs 97.88 crore.

The IPO’s price band has been set between Rs 128 and Rs 135 per share.

The IPO is scheduled to close on Oct. 3, with the tentative allotment expected on Oct. 6. Refunds to unsuccessful applicants are l

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