Iware Supplychain Services IPO
Open SmeCurrent GMP
₹2 (+2.11%)
Price Band
₹ 95 – 95
Lot Size
1200
Issue Size
₹27.13 Cr
Minimum Investment
₹228000 (2400 Shares)
Listing Date
06 May 2025
Subscription
3.02x
About the Company
Iware Supplychain Services Limited is a logistics company headquartered in Ahmedabad, Gujarat. It was originally incorporated as Iware Supplychain Services Private Limited on January 17, 2018, under the Companies Act, 2013. In October 2024, the company transitioned to a public limited company following a special resolution passed by its shareholders. A fresh certificate of incorporation was issued on November 27, 2024, officially recognizing its new status as Iware Supplychain Services Limited.
The company offers a wide range of logistics services across India, focusing on five core areas: warehousing (including third-party logistics and Carrying & Forwarding services), transportation, rake handling services, business auxiliary services, and rental income. Its transportation operations include both road and rail. On the road front, the company operates a fleet of 47 vehicles, all with national permits, allowing for seamless inter-state movement. On the rail side, Iware provides rake handling services by hiring rail cargo for bulk goods movement, managing the complete loading and unloading process.
Iware has established a pan-India presence through business offices located in several states, including Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi. This wide network supports its ability to deliver end-to-end logistics solutions to clients across various regions and industries.
Technology plays a crucial role in the company’s operations, with logistics systems provided by clients helping to enhance service quality and operational efficiency. The company is also compliant with key industry standards, holding a Central FSSAI license for handling perishable goods and an ISO 9001:2015 certification for its quality management systems.
Iware caters to a broad spectrum of industries such as Fast Moving Consumer Goods (FMCG), auto components, and sanitaryware, demonstrating its ability to manage a diverse client base. The management team, led by experienced promoters Krishnakumar Jagdishprasad Tanwar and Rajnish Gautam, brings over 20 years of combined expertise in logistics. Since 2022, the company’s vehicle fleet has expanded from 15 to 47, highlighting its strong growth trajectory.
The company’s unique strengths lie in its integrated service offerings, nationwide reach, experienced leadership, and the flexibility to handle large, complex orders. These factors position Iware Supplychain Services Limited as a competitive and reliable logistics partner for businesses across India.
Let me know if you'd like to turn this into a company profile or presentation slide next!
Promoters
- Krishnakumar Jagdishprasad Tanwar
- Rajnish Gautam
- Inter India Roadways Private Limited
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.35%
Objects of the Issue
The funds raised through this Issue are intended to be used for the following purposes:
1. Funding the capital expenditure requirement for the construction of new industrial shed
2. Funding Working capital requirements
3. General Corporate Purpose
Address / Contact Info
Iware Supplychain Services Limited
7th Floor 707 Iscon Elegance, Nr.
Jain Temple, Prahladnagar Cross
Road, S.G. Highway, Ahmedabad-380051
Phone: +91 9512470099
Email: compliance.officer@iware.co.ini
Website: http://www.iware.co.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 28 April 2025
IPO Close Date
Wednesday, 30 April 2025
Basis of Allotment
Friday, 02 May 2025
Initiation of Refunds
Monday, 05 May 2025
Credit of Shares to Demat
Tuesday, 06 May 2025
Listing Date
Tuesday, 06 May 2025 — NSE & BSE
Important Dates
Open Date
28 April 2025
Close Date
30 April 2025
Basis Of Allotment
02 May 2025
Listing Date
06 May 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
| Reserve & Surplus | 8.33 | 8.16 | 3.99 |
| Total Borrowings | 29.74 | 25.34 | 27.33 |
EPS Pre
10.20%
EPS Post
7.48%
P/E Pre
9.31
P/E (Post Issue)
12.69x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| ROE % | 58.52 |
| ROCE % | 30.34 |
| Debt / Equity | 1.84 |
| RoNW % | 51.05 |
| PbW | 0 |
| Pat Margin % | 9.34 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Non-Institutional | 1356000 | 50 | 0 |
| Retail Investors | 1356000 | 50 | 0 |
| Total | 2712000 | 100 | 0 |
Subscription Status ( Wed, 30 Apr 25 12:27 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 0 | 0x |
| Non-Institutional | 1356000 | 3730800 | 2.75x |
| Retail Investors | 1356000 | 4449600 | 3.28x |
| Total | 2712000 | 8180400 | 3.02x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 114,000.00 |
| Retail (Max) | 1 | 1,200 | 114,000.00 |
| S-HNI (Min) | 2 | 2,400 | 228,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Getfive Advisors Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Iware Supplychain Services IPO is a Fixed price IPO worth ₹27.13 crores. The price band is ₹95 to 95 per share. The IPO opens on Mon, Apr 28, 2025 and closes on Wed, Apr 30, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Iware Supplychain Services IPO opens on Mon, Apr 28, 2025 and closes on Wed, Apr 30, 2025
Iware Supplychain Services IPO Price Band is ₹95 to 95.
Iware Supplychain Services IPO lot size is 1200, and the minimum amount required for application is ₹228000.
The minimum investment for Iware Supplychain Services IPO is approximately ₹228000 based on the upper price band.
To apply for the Iware Supplychain Services IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Apr 30, 2025. After submission, funds are blocked until the basis of allotment of Iware Supplychain Services IPO is finalised.
Iware Supplychain Services IPO issue size is ₹27.13 crores.
Iware Supplychain Services IPO allotment date is Sat, Jun 27, 2026.
The registrar for Iware Supplychain Services IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Iware Supplychain Services IPO through their official website or helpline.
The Iware Supplychain Services IPO GMP (Grey Market Premium) is ₹2 as of Tue, May 6, 2025. Based on the upper price band of ₹95 per share, the estimated Iware Supplychain Services IPO listing price is ₹97, indicating a potential listing gain of approximately 31% over the issue price.