Fixed Price IPO | ₹27 Cr | Listed at NSE SME | Mon, Apr 28, 2025 - Wed, Apr 30, 2025
Iware Supplychain IPO is a fixed price issue of ₹27.13 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹27.13 crore.
Iware Supplychain IPO bidding started from Apr 28, 2025 and ended on Apr 30, 2025. The allotment for Iware Supplychain IPO was finalized on May 2, 2025. The shares got listed on NSE SME on May 6, 2025.
Iware Supplychain IPO price is ₹95 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,28,000.
GetFive Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is SMC Global Securities Ltd..
Refer to Iware Supplychain IPO RHP for detailed Information.
IPO Open
Mon, Apr 28, 2025
IPO Close
Wed, Apr 30, 2025
Issue Price
₹95 per share
Market Cap (Pre-IPO)
₹101.80 Cr
| IPO Date | 28 to 30 Apr, 2025 |
| Listed on | Tue, May 6, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹95 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 28,56,000 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 1,44,000 shares SMC Global Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 27,12,000 shares (agg. up to ₹26 Cr) |
| Net Offered to Public | 27,12,000 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 78,60,000 shares |
| Share Holding Post Issue | 1,07,16,000 shares |
| NSE Symbol | IWARE |
| ISIN | INE1AII01014 |
Iware Supplychain IPO comprises a total issue size of 28,56,000 shares. The net offer to the public is 27,12,000 shares, after excluding 1,44,000 shares allotted on a firm basis. Of the Net offer 13,56,000 (50.00%) allocated to NII 13,56,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,56,000 | 50.00% | 47.48% |
| Retail Shares Offered | 13,56,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,44,000 | 5.04% | |
| Total Shares Offered | 28,56,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,14,000 |
| Retail (Max) | 1 | 1,200 | ₹1,14,000 |
| HNI (Min) | 2 | 2,400 | ₹2,28,000 |
Incorporated in 2018, iWare Supply Chain Services Limited is pan-India integrated logistics company providing a wide range of services including warehousing (with third-party logistics (3PL) and carrying & forwarding agent operations), transportation, rake handling services, business auxiliary services, and rental income operating across multiple states in India like Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi essentially offering comprehensive supply chain management solutions through their extensive network across the country.
The company offers services in multiple states, including Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, ensuring comprehensive coverage and reliable service delivery.
The company offers logistics support and solutions through its extensive network and integrated services across India.
As of anuary 2025, iWare's fleet has grown from 15 vehicles in the financial year 2022 to 47 vehicles, comprising 15 units of 22-feet open-body trucks and the remaining 32-feet containers.
iWare's extensive network supports FMCG, pharmaceuticals, retail, and e-commerce industries.
The company operates over 100 BCN rakes annually, transporting approximately 220,000 metric tons of goods annually.
iWare's extensive road fleet includes 500 company-owned trucks and access to an additional 10,000 vehicles through partnerships. The company offers flexible transport solutions, such as Full Truck Load (FTL), Half Truck Load (HTL), and containerized options, catering to diverse business needs.
Competitive Strengths:
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 56.93 | 46.81 | 39.47 |
| Total Income | 86.11 | 58.77 | 43.72 |
| Profit After Tax | 8.02 | 4.17 | 0.42 |
| NET Worth | 16.19 | 8.17 | 4.00 |
| Reserves and Surplus | 8.33 | 8.16 | 3.99 |
| Total Borrowing | 29.74 | 25.34 | 27.33 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure requirement for the construction of new industrial shed | 14.06 |
| 2 | Funding Working capital requirements | 6.80 |
| 3 | General Corporate Purpose | 3.87 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 58.52% |
| ROCE | 30.34% |
| Debt/Equity | 1.84 |
| RoNW | 51.05% |
| PAT Margin | 9.34% |
| Price to Book Value | 4.61 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.20 | 7.48 |
| P/E (x) | 9.31 | 12.69 |
| Promoter Holding | 100% | 73.35% |
| Market Cap | ₹101.80 Cr. |
The Iware Supplychain Services IPO is subscribed 2.96 times on April 30, 2025 6:20:01 PM (Day 3). The public issue subscribed 3.28 times in the retail category, [.] times in the QIB category, and 2.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 2.65 | 13,56,000 | 35,86,800 | 404 |
| Retail | 3.28 | 13,56,000 | 44,49,600 | 3,708 |
| Total | 2.96 | 27,12,000 | 80,36,400 | 4,112 |
Total Application : 4,112
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager fees | 1.58 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.04 |
| 4 | Fees Payable to Regulators including Stock Exchange | 0.01 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.00 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.16 |
| 7 | Fees Payable to Auditor, Legal Advisors and other Professional | 0.15 |
| 8 | Underwriting fees | 0.32 |
| 9 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees, Underwriting fees and Miscellaneous Expenses) | 0.15 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹95.00 |
| Open | ₹85.05 |
| Low | ₹80.80 |
| High | ₹89.25 |
| Last Trade | ₹80.90 |
Lead Manager Reports
Iware Supplychain IPO is a SME IPO of 28,56,000 equity shares of the face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹95 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Apr 28, 2025, and closes on Wed, Apr 30, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Iware Supplychain IPO using UPI as a payment gateway. Zerodha customers can apply in Iware Supplychain IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Iware Supplychain IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Iware Supplychain IPO opens on Mon, Apr 28, 2025 and closes on Wed, Apr 30, 2025.
Iware Supplychain IPO lot size is 1200, and the minimum amount required for application is ₹1,14,000.
You can apply in Iware Supplychain IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Iware Supplychain IPO will be done on Friday, May 2, 2025, and the allotted shares will be credited to your demat account by Mon, May 5, 2025. Check the Iware Supplychain IPO allotment status.
The Iware Supplychain IPO listing date is on Tue, May 6, 2025.
