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Iware Supplychain Services Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE SME SME Live Chart
Issue Price
₹95
Per Share
GMP
NIL
Grey Market
Est. Listing
₹95
Expected Price
Min. Application
₹228,000
2 lots × 1200 shares
IPO Issue Details
Issue Price / Price Band₹95 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size28,56,000 shares (aggregating up to ₹27.13 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 28 Apr 2025
Subscription CloseWed, 30 Apr 2025
Anchor AllotmentSun, 27 Apr 2025
Basis of AllotmentFri, 02 May 2025
Initiation of RefundsMon, 05 May 2025
Credit of Shares to DematMon, 05 May 2025
Listing DateTue, 06 May 2025
UPI Mandate Deadline2025-04-30
Application & Investment Details
Retail — Min (1 Lots)₹1,14,000 — 1,200 shares
Retail — Max (13 Lots)₹1,482,000 (13 Lots)
HNI — Min (2 Lots)₹2,28,000 — 2,400 shares
EPS (Pre-IPO)₹10.20
EPS (Post-IPO)₹7.48
P/E Ratio (Pre-IPO)9.31x
P/E Ratio (Post-IPO)12.69x
Net Offer to Public27,12,000 shares (aggregating up to ₹25.76 Cr)
Reserved for Market Maker1,44,000 shares (aggregating up to ₹1.37 Cr)
Pre-IPO Promoter Holding78,60,000 shares
Post-IPO Promoter Holding1,07,16,000 shares
About Iware Supplychain Services Ltd.

Incorporated in 2018, iWare Supply Chain Services Limited is pan-India integrated logistics company providing a wide range of services including warehousing (with third-party logistics (3PL) and carrying & forwarding agent operations), transportation, rake handling services, business auxiliary services, and rental income operating across multiple states in India like Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi essentially offering comprehensive supply chain management solutions through their extensive network across the country.The company offers services in multiple states, including Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, ensuring comprehensive coverage and reliable service delivery.The company offers logistics support and solutions through its extensive network and integrated services across India.As of anuary 2025, iWare's fleet has grown from 15 vehicles in the financial year 2022 to 47 vehicles, comprising 15 units of 22-feet open-body trucks and the remaining 32-feet containers.iWare's extensive network supports FMCG, pharmaceuticals, retail, and e-commerce industries.The company operates over 100 BCN rakes annually, transporting approximately 220,000 metric tons of goods annually.iWare's extensive road fleet includes 500 company-owned trucks and access to an additional 10,000 vehicles through partnerships. The company offers flexible transport solutions, such as Full Truck Load (FTL), Half Truck Load (HTL), and containerized options, catering to diverse business needs.Competitive Strengths:Pan-India Presence – The company has an extensive network across multiple states, ensuring broad geographical coverage and seamless logistics services.Diverse Service Offerings – iWare provides end-to-end logistics solutions, including warehousing, transportation, rack handling, business auxiliary services, and rental income, making it a one-stop solution for supply chain management.Integrated Multimodal Transportation – With both road and rail logistics solutions, including its association with Indian Railways' BCN rake services, iWare ensures cost-efficient and reliable goods transportation.Strong Fleet & Infrastructure – iWare operates a growing fleet of company-owned and partnered vehicles, along with strategically located warehouses, ensuring efficient cargo handling.Technology-Driven Operations – The company leverages digital tools for real-time tracking, route optimization, and inventory management, enhancing operational efficiency.Industry Expertise – iWare is backed by experienced promoters with over 20 years of expertise in the logistics sector, ensuring deep industry knowledge and strong business strategies.Strategic Partnerships – The company collaborates with leading corporations like Adani Wilmar and operates large-scale warehouses to cater to high-demand businesses.Focus on Sustainability – With eco-friendly initiatives like CNG-powered trucks and energy-efficient warehouses, iWare is committed to reducing its carbon footprint and supporting green logistics.Expanding Market Reach – iWare is extending its services to Tier II and Tier III cities, enabling small and medium-sized businesses to access high-quality logistics solutions.Government Policy Alignment – The company’s operations align with India's National Logistics Policy and PM Gati Shakti program, positioning it as a key player in the country's logistics growth.

Objects of the Issue

Iware Supplychain Services Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
Capital expenditure requirement for the construction of new industrial shed
14.06
2
Funding Working capital requirements
6.80
3
General Corporate Purpose
3.87
Shareholding & Lock-in
Pre-IPO Promoter Holding 78,60,000 shares
Post-IPO Promoter Holding 1,07,16,000 shares
Check AllotmentCheck Status →
Iware Supplychain Services Ltd. — Live Price LIVE
₹95.00
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Issue ₹95.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹95
GMPNIL
Est. Listing₹95
Lot Size1,200 shares
Min Amount₹228,000
Listing Date06 May 2025
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹95
Listing Date06 May 2025
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 144,000 ₹1.37 Cr
TOTAL 2,856,000 100.00% ₹27.13 Cr
* Based on ₹95.00 (upper price band)
Lot Size & Investment Details
Lot Size
1,200
Shares
Issue Price
₹95.00
Per Share
Min Investment
₹114,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 1,200 ₹114,000
Retail (Max) 13 15,600 ₹1,482,000
sNII (Min) 14 16,800 ₹1,596,000
bNII (Min) 68 81,600 ₹7,752,000
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars31 Mar 202531 Mar 202431 Mar 2023
Revenue from Operations 86.11 58.77 43.72
EBITDA N/A N/A N/A
Profit After Tax (PAT) 8.02 4.17 0.42
Net Worth 16.19 8.17 4.00
Total Assets 56.93 46.81 39.47
Reserves & Surplus 8.33 8.16 3.99
Total Borrowings 29.74 25.34 27.33
Key Ratios & Valuation
Issue Price ₹95
Face Value ₹10 Per Share
P/BV 4.61
RoE 58.52%
RoCE 30.34%
RoNW 51.05%
PAT Margin (%) 9.34%
EBITDA Margin (%) N/A
Debt / Equity 1.84
Company Details
Company
Iware Supplychain Services Ltd.
Exchange
NSE SME
IPO Type
SME IPO
Issue Type
Fixed Price IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
7 th Floor 707 Iscon Elegance, Nr. Jain Temple Prahladnagar Cross Road, S.G. Highway Ahmedabad, Gujarat, 380051
Book Running Lead Managers
GetFive Advisors Pvt.Ltd.
Book Running Lead Manager (BRLM)