Comparison between Iware Supplychain IPO and Smarten Power Systems IPO.
Iware Supplychain IPO is a SME Fixed Price IPO proposed to list at NSE SME while Smarten Power Systems IPO is a SME Fixed Price proposed to list at NSE SME.
| Iware Supplychain IPO | Smarten Power Systems IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | GetFive Advisors Pvt.Ltd. | Arihant Capital Markets Ltd. |
| Registrar | Kfin Technologies Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | SMC Global Securities Ltd. | Arihant Capital Markets Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Iware Supplychain IPO is up to ₹25.76 Cr whereas the issue size of the Smarten Power Systems IPO is up to ₹47.50 Cr. The final issue price of Iware Supplychain IPO is ₹95.00 per share and of Smarten Power Systems IPO is ₹100.00 per share.
| Iware Supplychain IPO | Smarten Power Systems IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹95.00 per share | ₹100.00 per share |
| Discount (Retail) | ₹0.00 per share | |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 27,12,000 shares | 37,50,000 shares |
| Fresh Issue Size (Amount) | up to ₹25.76 Cr | up to ₹37.50 Cr |
| OFS Issue Size | 0 shares | 9,99,600 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹10.00 Cr |
| Issue Size Total | 27,12,000 shares | 47,49,600 shares |
| Issue Size Total (Amount) | up to ₹25.76 Cr | up to ₹47.50 Cr |
Iware Supplychain IPO opens on Apr 28, 2025, while Smarten Power Systems IPO opens on Jul 07, 2025. The closing date of Iware Supplychain IPO and Smarten Power Systems IPO is Apr 30, 2025, and Jul 09, 2025, respectively.
| Iware Supplychain IPO | Smarten Power Systems IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Apr 28, 2025 | Jul 07, 2025 |
| Issue Close | Apr 30, 2025 | Jul 09, 2025 |
| Basis Of Allotment (Tentative) | May 02, 2025 | Jul 10, 2025 |
| Initiation of Refunds (Tentative) | May 05, 2025 | Jul 11, 2025 |
| Credit of Share (Tentative) | May 05, 2025 | Jul 11, 2025 |
| Listing date (Tentative) | May 06, 2025 | Jul 14, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Iware Supplychain IPO P/E ratio is 9.31, as compared to Smarten Power Systems IPO P/E ratio of 11.75.
| Iware Supplychain IPO | Smarten Power Systems IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Iware Supplychain Services Ltd.'s revenue increased by 47% and profit after tax (PAT) rose by 92% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)Smarten Power Systems Ltd.'s revenue increased by 2% and profit after tax (PAT) rose by 13% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 100 | 91.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.35 | 67.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.31 | 11.75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹101.80 Cr. | ₹190.01 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 58.52 | 39.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 30.34 | 32.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.84 | 0.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹10.20 | ₹8.51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 51.05 | 33.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Iware Supplychain IPO Retail Individual Investors (RII) are offered 13,56,000 shares while in Smarten Power Systems IPO retail investors are offered 13,56,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Iware Supplychain IPO and 0 shares in Smarten Power Systems IPO.
| Iware Supplychain IPO | Smarten Power Systems IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 1,44,000 shares | 2,50,800 shares |
| QIB | 0 shares | 0 shares |
| NII | 13,56,000 shares | 23,74,800 shares |
| RII | 13,56,000 shares | 23,74,800 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 27,12,000 shares | 47,49,600 shares |
Iware Supplychain IPO subscribed 2.96x in total, whereas Smarten Power Systems IPO subscribed 5.51x.
| Iware Supplychain IPO | Smarten Power Systems IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.65x | 6.31x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 3.28x | 4.66x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.96x | 5.51x |
