Iware Supplychain Services IPO

Q: When will the Iware Supplychain Services IPO be allotted?

The Basis of Allotment will happen on Friday, May 2 , 2025.

Q: When will the Iware Supplychain Services IPO open for subscription?

The IPO subscription window will open on April 28 , 2025.

IPO Details

Bidding Dates

28 Apr '25 - 30 Apr '25

Minimum Investment

₹1,14,000 / 1 Lot (1200 Shares)

Price Range

₹95

Maximum Investment

₹1,14,000 / 1 Lot (1200 Shares)

Retail Discount

To be announced

Issue Size

₹27.13 Cr

Investor category and sub category

Retail Individual Investors (RII) | Non-institutional Investors (NII) |

Iware Supplychain Services IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Apr 28, 25

IPO Closing Date

Apr 30, 25

Basis of Allotment

May 02, 25

Initiation of Refunds

May 05, 25

IPO Listing Date

May 06, 25

About Iware Supplychain Services IPO

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 crucial to economic growth and is a world-leading sector that connects various components of the economy. It includes transportation, warehousing, and supply chain solutions.

The Department of Commerce's logistics division, established in 2017, oversees its development. Despite a GDP drop in 2020 due to COVID-19, India saw a strong recovery in 2021-2022.

The logistics sector, which accounts for 14.4% of GDP, is crucial for manufacturing growth and is supported by initiatives such as Make in India. Technological advancements are enhancing automation and process optimisation, significantly boosting efficiency in the sector.

The warehousing sector is expected to witness strong growth as modern equipment and technology-driven solutions improve efficiency and sustainability. The Indian bearings market is expected to reach $34.99 billion by 2027, growing at a CAGR of 15.64%.

Iware Supplychain Services IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

The company plans to use part of the proceeds to construct a new industrial shed at Chadvada Bhachau, Kutch, Gujarat.

A portion of the proceeds will be used to meet the working capital requirements of the company.

The remaining proceeds will be utilised for general corporate purposes, which may include operating expenses, initial development costs for non-identified projects, strategic initiatives, and addressing unforeseen contingencies in the normal course of business.

The company expects to receive the benefits of listing of the Equity Shares on the Stock Exchange, including enhancing its visibility and brand image among existing and potential customers and creating a public market for its Equity 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 Iware Supplychain 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 DRHP

Iware Supplychain Services IPO RHP

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

Know before investing

Strengths

The company provides integrated logistics solutions across five different types of services, including warehousing, transportation, rake handling services, business auxiliary services, and rental income.
The company operates through branch offices across key states such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, ensuring a wide geographical reach.
With over six years of operational experience since inception and the combined experience of more than 20 years of the promoters, the company benefits from a knowledgeable and skilled management team.
It serves a variety of sectors including automotive, food and agro, FMCG, and technology, providing clients with efficient end-to-end logistics solutions.
The company has shown significant growth in its vehicle fleet, currently owning 47 vehicles, which enhances its transportation capabilities.

Risks

The company is dependent on the sale of its services to certain key industries and certain customers, including its Promoter Group Companies. Any negative change in the industry and/or loss of these customers or loss of revenue from sales to these customers could have a material adverse effect on the company's business, financial condition, results of operations, and cash flows.
It depends on third parties to acquire vehicles utilized in its transportation operations. Further, market instability, including changes in fuel costs, may adversely impact the company's operations and financial performance.
It may experience the effects of seasonality, which may result in operating results fluctuating significantly.
The company does not verify the contents of freights/packages transported, thereby exposing itself to the risk associated with hazardous materials.
The company operates in a highly fragmented industry and faces intense competition.