Listing ceremony of Om Freight Forwarders at NSE. (Image: NSE livestream) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Om Freight Forwarders Ltd. share price fell nearly 40% during its debut on the stock market on Wednesday. The scrip opened at Rs 81.5 on the NSE and Rs 82.5 on the BSE, compared to the IPO price of Rs 135.

In the grey market, the listing price was estimated to be Rs 132 per share, according to Investorgain.com.

The Om Freight Forwarders IPO was a book-built issue of Rs 122.31 crore. It comprised 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.

Among the promoters, Rahul Jagannath Joshi, Harmesh Rahul Joshi and Kamesh Rahul Joshi sold shares.

The IPO was subscribed 3.88 ti

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