IPO

Iware Supplychain Services Limited IPO

NSE SME

Listed On: May 6, 2025 at ₹ 85.05

₹ 228000 /2400 Shares
*Min Investment

Check Allotment

28 Apr, 2025

Open Date

30 Apr, 2025

Close Date

02 May, 2025

Allotment Date

06 May, 2025

Listing Date
Iware Supplychain Services IPO Issue Details
  • Issue Price ₹95 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 28,56,000 shares(aggregating up to ₹27.13 crore)
  • Fresh Share 28,56,000 shares(aggregating up to ₹27.13 crore)
  • Listing at NSE SME
  • List Price 85.05
  • Listing Date 2025-05-06
  • Lead Manager GetFive Advisors Private Limited
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 1200 ₹1,14,000
Retail(max) 1 1200 ₹1,14,000
NII (min) 2 2,400 ₹2,28,000
Iware Supplychain Services IPO Reservation

Iware Supplychain Services IPO offers total 28,56,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,13,56,000 (47.48%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered NA (NA%)
Market Maker Shares Offered 1,44,000 (5.04%)
Retail Shares Offered 13,56,000 (47.48%)
Total Shares Offered 28,56,000 (100%)
Iware Supplychain Services IPO Documents
Iware Supplychain Services IPO Details


Iware Supplychain Services Limited IPO is an SME IPO, priced at ₹95 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 28,56,000 equity shares, aggregating up to ₹27.13 crores..

The IPO bidding window is open from Apr 28, 2025 to Apr 30, 2025. The allotment is expected to be finalized on May 2, 2025, and the tentative listing date is May 6, 2025.

The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,14,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,28,000.

GetFive Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Smc Global Securities Ltd will act as the market maker for this issue.

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Iware Supplychain Services IPO Subscription Analysis And Details
Retail
3.28x
Total
3.02x
As on QIB / NII Retail Total
Shares Offered / Reserved 13,56,000 13,56,000 27,12,000
Day 1 28-04-25 06:00 PM
0.24 x 0.57 x 0.40 x
Day 2 29-04-25 06:00 PM
0.63 x 1.18 x 0.91 x
Day 3 30-04-25 06:00 PM
2.75 x 3.28 x 3.02 x

Total No of Applications
4,110
Iware Supplychain Services Valuations
EPS Pre IPO ₹10.20/-
EPS Post IPO ₹7.48/-
P/E Pre IPO 9.31
P/E Post IPO 12.69
ROE 58.52%
ROCE 30.34%
Debt/Equity 1.84
RoNW 51.05%
PAT Margin 9.34
Price to Book Value 4.61
Iware Supplychain Services Company Financials
In Crs.
In Cr.
31-Mar-25 31-Mar-24 31-Mar-23
Assets 56.93 46.81 39.47
Revenue 86.11 58.77 43.72
Profit After Tax 8.02 4.17 0.42
Net Worth 16.19 8.17 4.00
Reserves & Surplus 8.33 8.16 3.99
Total Borrowing 29.74 25.34 27.33
About Iware Supplychain Services Company

Established in 2018, iWare Supply Chain Services Limited is pan-India integrated logistics firm offering a variety of services such as warehousing (with third-party logistics (3PL) and carrying & forwarding agent operations), transportation, rake handling services, business auxiliary services, and rental income operating in various states in India such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi basically offering end-to-end supply chain management solutions through their wide network across the nation.

The company provides services across several states, such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, providing overall coverage and dependable service delivery.The company provides logistics assistance and solutions via its wide network and integrated services throughout India.

As of January 2025, iWare's fleet has increased from 15 vehicles in the financial year 2022 to 47 vehicles, consisting of 15 units of 22-feet open-body trucks and the rest 32-feet containers.

iWare's large network serves FMCG, pharmaceuticals, retail, and e-commerce businesses.The company runs more than 100 BCN rakes every year, moving around 220,000 metric tons of goods every year.

iWare has a large road fleet of 500 company-owned trucks and 10,000 more vehicles under partnership. It provides flexible transport options like Full Truck Load (FTL), Half Truck Load (HTL), and containerized services catering to various business requirements.

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Iware Supplychain Services - Promoter(s)

Krishnakumar Jagdishprasad Tanwar

Rajnish Gautam

India Roadways Private Limited

Pre Issue Share Holding : 100%

Post Issue Share Holding : 73.35%

Iware Supplychain Services IPO - Issue Objectives
1

Capital expenditure requirement for the construction of new industrial shed

2

Funding Working capital requirements

3

General Corporate Purpose

Iware Supplychain Services IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Iware Supplychain Services Limited 10.2 10.2 20.59 9.31 49.54 4.75 N/A
Pranik Logistics Limited 7.54 7.54 21.19 12.73 35.56 N/A N/A
Shreeji Translogistics Ltd 2.33 2.33 8.01 16.74 32.64 327.88 N/A

Notes:

  1. P/E Ratio of Pranik Logistics Limited is calculated by dividing the current market price by earnings per share as of 31.03.2024, based on the respective scrips' current market price.
  2. P/E Ratio of Shreeji Translogistics Limited is taken from the official website of NSE as on 02.12.2024.
  3. The EPS, NAV, RoNW and total income of the Company are taken as per Restated Financial Statements for the FY ended 2022, 2023, 2024 and stub period ended October 31, 2024.
  4. NAV per share is computed as the closing net worth divided by the weighted average number of paid-up equity shares as on March 31, 2024.
  5. RoNW has been computed as net profit after tax divided by closing net worth.
Contact Details

Iware Supplychain Services

7 th Floor 707 Iscon Elegance, Nr. Jain Temple, Prahladnagar Cross Road,S.G. Highway Ahmedabad 380051, Gujarat

+91 9512470099

compliance.officer@iware.co.in

http://www.iware.co.in/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

einward.ris@kfintech.com

https://kosmic.kfintech.com/ipostatus/