Iware Supplychain Services IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 28 Apr 2025
Close Date
Wed, 30 Apr 2025
Issue Price
₹ 95
Lot Size
1200
Issue Size
₹ 27.13 Cr
Minimum Investment
₹ 228,000 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Iware Supplychain Services IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹27.13 Crore, comprising a fresh issue of 28.56 Lakh equity shares aggregating to ₹27.13 Crore.
The Iware Supplychain Services IPO remained open for subscription from April 28, 2025, to April 30, 2025. The basis of allotment was finalized on May 02, 2025, and the company's shares were listed on NSE SME Platform on May 06, 2025.
The company had fixed the price at ₹95 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹228,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Getfive Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Iware Supplychain Services Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Iware Supplychain Services IPO Timeline (Tentative)
- IPO Open Date
- Mon, 28 Apr 25
- IPO Close Date
- Wed, 30 Apr 25
- Basis of Allotment
- Fri, 02 May 25
- Initiation of Refunds
- Mon, 05 May 25
- Credit of Shares to Demat
- Tue, 06 May 25
- Listing Date
- Tue, 06 May 25 — NSE & BSE
Open Date
28 April 2025
Close Date
30 April 2025
Basis Of Allotment
02 May 2025
Listing Date
06 May 2025
IPO Subscription
Check Live Subscription →The Iware Supplychain Services IPO has received bids for 81,80,400 shares against 27,12,000 shares offered, resulting in an overall subscription of 3.02x. the NII category is subscribed 2.75x, Retail Investors 3.28x, and QIBs 0x.
QIB
0x
NII
2.75x
RII
3.28x
Total
3.02x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 13,56,000 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 13,56,000 shares (50%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Non-Institutional | 1,356,000 | 50% |
| Retail Investors | 1,356,000 | 50% |
| Total | 2,712,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Iware Supplychain Services Limited KPI Information
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| ROE % | 58.52 |
| ROCE % | 30.34 |
| Debt / Equity | 1.84 |
| RoNW % | 51.05 |
| Pat Margin % | 9.34 |
Peers Comparison
No Peer Comparision Available
About Iware Supplychain Services Limited
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.
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Iware Supplychain Services IPO Promoters
- Krishnakumar Jagdishprasad Tanwar
- Rajnish Gautam
- Inter India Roadways Private Limited
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.35%
Iware Supplychain Services IPO Objective
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
Iware Supplychain Services Limited Address / Contact Details
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
Iware Supplychain Services IPO Lot Size
The Iware Supplychain Services IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹1,14,000 by applying for 1 lot (1,200 shares). The maximum application allowed for the retail category is 1 lots (1,200 shares), requiring an investment of ₹1,14,000.
| 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 |
Issue Reservation
- NII — 50%
- RII — 50%
Book Running Lead Managers
- Getfive Advisors Private Limited
IPO Documents & Links
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Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Iware Supplychain Services IPO?
Iware Supplychain Services IPO is a Fixed price IPO with a total issue size of ₹27.13 crore. The Iware Supplychain Services IPO price band is ₹95 to 95 per share. The Iware Supplychain Services IPO subscription opens on Mon, Apr 28, 2025, and closes on Wed, Apr 30, 2025. The Iware Supplychain Services IPO will be listed on the NSE. KFin Technologies Limited is the registrar for the Iware Supplychain Services IPO.
When will the Iware Supplychain Services IPO open for subscription?
The Iware Supplychain Services IPO opens on Mon, Apr 28, 2025 and closes on Wed, Apr 30, 2025
What is Iware Supplychain Services IPO Price Band?
Iware Supplychain Services IPO Price Band is ₹95 to 95 per share.
What is Iware Supplychain Services IPO Lot Size?
Iware Supplychain Services IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹228000 based on the upper price band
What is the minimum investment for Iware Supplychain Services IPO?
The minimum investment for Iware Supplychain Services IPO is ₹228000, based on one lot of 1200 shares at the upper price band of ₹95 per share.
How to apply for Iware Supplychain Services IPO?
Investors can apply for the Iware Supplychain Services IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Apr 30, 2025. The application amount remains blocked until the Iware Supplychain Services IPO allotment is finalized.
What is Iware Supplychain Services IPO Issue Size?
Iware Supplychain Services IPO issue size is ₹27.13 crores.
What is the Iware Supplychain Services IPO Allotment Date?
Iware Supplychain Services IPO allotment date is Fri, May 2, 2025.
Who is the Iware Supplychain Services IPO Registrar?
The registrar for Iware Supplychain Services IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Iware Supplychain Services IPO allotment status, refund processing, and other IPO-related information.
What is the Iware Supplychain Services IPO GMP?
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 2.11% over the issue price.
Who is the Iware Supplychain Services IPO Lead Manager?
The book-running lead managers (BRLMs) for the Iware Supplychain Services IPO are Getfive Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Iware Supplychain Services IPO Red Herring Prospectus (RHP).