A fast growing integrated logistics business in India, Iware Supplychain Services is prepared to go public via a SME IPO on the NSE Emerge platform. By taking this action, it hopes to strengthen its position in the logistics industry and support its growth.
Company Overview
Founded in 2018, Iware Supplychain Services Ltd. is a pan India integrated logistics business that functions as a division of the Inter India Group. In addition to rake handling, shipping, warehousing, business auxiliary services, and rental income, the organisation provides full supply chain solutions. The business has operations in Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, among other Indian states. It owns a fleet of 47 vehicles, each with a National Permit, catering to clients in various industries such as FMCG, auto components, and sanitary ware.
Iware Supplychain Services IPO Details
Iware Supplychain Services IPO is a fixed price of Rs 27.13 crores. The issue is entirely a fresh issue of 28.56 lakh shares.
| Issue Type | Fixed Price SME IPO |
| Issue Price | Rs 95 per share |
| Lot Size | 1200 shares per lot |
| Issue Size | Rs 27.13 crore |
| Fresh Issue | Rs 27.13 crore |
| Offer for Sale (OFS) | Zero |
| Listing at | NSE SME |
| Market Capitalization | Rs 101.8 cr |
| Book Running Lead Managers | GetFive Advisors Private Limited |
| Registrar | Kfin Technologies Limited |
Iware Supplychain Services IPO Timeline
Find Iware Supplychain Services IPO tentative dates below.
| Open Date | 28-Apr-2025 (Monday) |
| Close Date | 30-Apr-2025 (Wednesday) |
| Allotment | 02-May-2025 (Friday) |
| Initiation of Refunds | 05-May-2025 (Monday) |
| Demat Credit of Shares | 05-May-2025 (Monday) |
| Listing Date | 06-May-2025 (Tuesday) |
| Cut off time for UPI mandate confirmation | 30-Apr-2025 at 5PM |
Iware Supplychain Services IPO Objectives
The objectives of the Iware Supplychain Services Ltd. SME IPO are mainly focused on expanding operations and strengthening financials. Specifically, the funds raised through the IPO are intended for:
- Funding Capital Expenditure (14.06 cr): Construction of a new industrial shed to expand warehousing and logistics capabilities.
- Meeting Working Capital Requirements (6.8 cr): Strengthening the day to day operational liquidity to manage growing business activities efficiently.
- General Corporate Purposes (3.9 cr) : Supporting strategic initiatives, administrative costs, and future growth plans. Improving the company’s brand visibility and market presence.
Financial Performance
Iware Supplychain Services Revenue increased by 47% and PAT (Profit After Tax) increased by 92% between financial year ending with March 31, 2025 and March 31, 2024. PAT margin is at 9.35% for FY25.
| FINANCIALS | FY25 (Crs) | FY24 (Crs) | FY23(Crs) |
| ASSETS | 56.93 | 46.81 | 39.47 |
| NET WORTH | 16.18 | 8.16 | 3.99 |
| TOTAL DEBT | 29.73 | 25.33 | 27.33 |
| REVENUE | 85.82 | 58.7 | 43.55 |
| EBITA | 17 | 10.87 | 6.22 |
| PAT | 8.02 | 4.16 | 0.42 |
Strategic Initiatives
Iware is actively expanding its infrastructure to enhance service delivery.
- New Facilities:
- A 47,000 square foot warehouse in Kutch, Gujarat, serving clients like Adani Wilmar Ltd.
- A new C&F facility in Kota, Rajasthan, to strengthen service reach in northern India.
- Support Infrastructure:
- A state of the art consumer fuel pump and truck workshop in Samakhiyali, Kutch, optimizing fuel management and vehicle maintenance.
These developments align with national logistics initiatives such as the National Logistics Policy (NLP) and the PM Gati Shakti program, aiming to reduce costs, improve efficiency, and promote multimodal transport.
Grey Market Premium (GMP)
On day 2 of the subscription, the unlisted shares of Iware Supplychain Services were trading flat at Rs 95, the upper price band, according to sources tracking unofficial market activities.
Disclaimer: This blog’s content is intended solely for informational and educational purpose only. Before making any investment decisions, it is recommended that investors consult with a certified financial advisor.