Iware Supplychain Services IPO is a fixed price issue valued at ₹27.13 crore. It is an entirely fresh issue. It opened for subscription on April 28, 2025, and is closing soon on April 30, 2025. The allotment is expected to be finalised on May 2, 2025, with a tentative listing date of May 6, 2025, on the NSE SME platform.
The IPO price is set at ₹95 per share. Retail investors need a minimum investment of ₹1,14,000 for one lot of 1200 Shares, while HNI investors must invest in at least 2 lots, amounting to ₹2,28,000.
Getfive Advisors Private Limited is the book-running lead manager for this issue, while KFin Technologies Limited serves as the registrar. SMC Global Securities Limited is the market maker.
For detailed financial and operational information, investors can refer to the Iware Supplychain Services IPO RHP. This IPO presents an opportunity to invest in a growing enterprise listed on the NSE SME platform.
Industry Outlook
- The Indian logistics sector is a key driver of economic growth, contributing 14.4% to GDP and supporting industries like manufacturing through transportation, warehousing, and supply chain services.
- Governed by the Department of Commerce’s logistics division since 2017, the sector saw a strong recovery post-COVID-19, backed by initiatives like Make in India.
- Technological advancements are boosting automation, efficiency, and process optimisation across logistics and warehousing operations.
- The warehousing segment is set for robust growth, and the Indian bearings market is projected to reach $34.99 billion by 2027, growing at a CAGR of 15.64%.
IwareSupplychain Services IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- Funds will be used to construct a new industrial shed at Chadvada Bhachau, Kutch, Gujarat.
- A portion of the proceeds will support working capital needs.
- Remaining funds will go towards general corporate purposes, including operational expenses, early-stage project costs, strategic initiatives, and unforeseen contingencies.
- Listing of equity shares is expected to enhance brand visibility, improve credibility with customers, and create a public market for the shares in India.
About Iware Supplychain Services Limited
Iware Supplychain Services Limited was originally incorporated as Iware Supplychain Services Private Limited on January 17, 2018, under the Companies Act, 2013. The company was subsequently converted into a public limited company on November 27, 2024, and renamed Iware Supplychain Services Limited.
The company is engaged in providing integrated logistics solutions across five different types of services: warehousing (including third-party logistics and carrying & forwarding agent), transportation (including carrying & forwarding agent), rake handling services, business auxiliary services, and rental income.
Iware Supplychain Services serves a variety of sectors including automotive, food and agro, FMCG, and technology, providing clients with efficient end-to-end logistics solutions. Its in-house capabilities span warehousing, transportation, rake handling, and business auxiliary services, with a focus on efficiency and sustainability.
The company’s operations are supported by a network of branch offices across key states such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi. Through this IPO, Iware Supplychain Services aims to fund the capital expenditure requirement for the construction of a new industrial shed, strengthen its working capital position, and invest in operational growth and general corporate purposes.
How To Check the Allotment Status of the Iware Supplychain Services IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Iware Supplychain Services IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Iware Supplychain Services IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of IwareSupplychain Services IPO
Registered office: 7th Floor, 707 Iscon Elegance, Nr. Jain Temple, Prahladnagar Cross Road, S.G. Highway, Ahmedabad, Gujarat- 380051, India.
Phone: +91 9512470099
E-mail: info@iware.co.in
Iware Supplychain Services IPO Reservation
|
Investor Category |
Shares Offered |
|
Anchor Investor Shares Offered |
- |
|
Market Maker Shares Offered |
1,44,000 (5.04%) |
|
Other Shares Offered |
13,56,000 (47.48%) |
|
Retail Shares Offered |
13,56,000 (47.48%) |
|
Total Shares Offered |
28,56,000 (100%) |
Iware Supplychain Services IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1200 |
₹1,14,000 |
|
Retail (Max) |
1 |
1200 |
₹1,14,000 |
|
HNI (Min) |
2 |
2400 |
₹2,28,000 |
Iware Supplychain Services IPO Promoter Holding
The promoters of the company are Krishnakumar Jagdishprasad Tanwar, Rajnish Gautam and Inter India Roadways Private Limited.
|
Share Holding Pre-Issue |
100.00% |
|
Share Holding Post Issue |
73.35% |
Key Performance Indicators for Iware Supplychain Services IPO
As of March 31, 2024, the market capitalisation of Iware Supplychain Services is ₹101.80 crore. Here are the KPIs of Iware Supplychain Services:
|
KPI |
Value |
|
EBITDA Margin (%) |
9.31 |
|
Net Profit Margin (%) |
9.35 |
|
Net Debt / EBITDA (%) |
3.69 |
|
Return on Capital Employed (%) |
49.63 |
Price Metrics
|
Metric |
Pre-IPO |
Post-IPO |
|
EPS (₹) |
10.20 |
7.48 |
|
P/E (x) |
9.31 |
12.69 |
Note: The Pre IPO EPS is calculated based on pre-issue shareholding as of the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
The post-issue EPS is calculated based on the post-issue shareholding and annualised FY earnings of March 31, 2025, that are available in RHP.
Iware Supplychain Services IPO Prospectus
Iware Supplychain Services IPO Registrar and Lead Managers
Iware Supplychain Services IPO Lead Managers
- Hem Securities Limited
Registrar for IwareSupplychain Services IPO
Kfin Technologies Limited
- Contact Number: +91 40 6716 2222
- Email Address: iware.ipo@kfintech.com
Iware Supplychain Services IPO Registrar
Financial Performance of Iware Supplychain Services Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|---|
| Revenue from Operations (₹ in lakh) | 8,582.25 | 5,870.63 | 4,355.45 |
| EBITDA | 1,700.48 | 1,087.00 | 622.33 |
| EBITDA Margin (%) | 19.81 | 18.52 | 14.29 |
| PAT | 801.93 | 416.96 | 42.29 |
| PAT Margin (%) | 9.34 | 7.10 | 0.97 |
| Return on Equity – RoE (%) | 58.52 | 68.56 | 11.17 |
| Return on Capital Employed – RoCE (%) | 30.34 | 24.44 | 11.43 |
Know before investing
Strengths
8Iware Supplychain Services offers integrated logistics solutions across 5 segments: warehousing, transportation, rake handling, business auxiliary services, and rental income.
It operates branch offices across key states including Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi.
With 6+ years of operations and 20+ years of promoter experience, the company benefits from strong leadership.
It serves diverse sectors such as automotive, food & agro, FMCG, and technology with end-to-end logistics solutions.
The company owns 47 vehicles, boosting its transportation capacity.
It has in-house expertise across warehousing, transportation, rake handling, and auxiliary services.
Nationwide presence, experienced management, and a strong fleet enable efficient logistics delivery.
IPO proceeds will be used for building a new industrial shed, strengthening working capital, and supporting growth and general corporate needs.
Risks
8The company relies heavily on certain industries and key customers, and ny loss or decline in business from them may adversely impact operations.
It depends on third parties for vehicle acquisition. Fuel price volatility and market instability could hurt performance.
Seasonal fluctuations may cause significant variations in operating results.
The company does not verify transported cargo, exposing it to potential risks from hazardous materials.
It operates in a highly fragmented and competitive logistics market.
The registered office is on leased premises. Non-renewal or termination of lease could disrupt operations.
Business success depends on the experience of Directors and Key Managerial Personnel. Their exit could affect performance.
Any variation in the use of IPO proceeds may impact financial planning and growth plans.
Iware Supplychain Services Limited Peer Details Comparison
| Company | EPS (Basic/Diluted) | P/E Ratio | RONW (%) | NAV (₹) |
|---|---|---|---|---|
| Iware Supplychain Services Ltd | 10.20 | 9.31 | 49.54 | 20.59 |
| Pranik Logistics Ltd | 7.54 | 12.73 | 35.56 | 21.19 |
| Shreeji Translogistics Ltd | 2.33 | 16.74 | 32.64 | 8.01 |
