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Allotment

Iware Supplychain Services Limited

The Iware Supplychain IPO is a fixed-price issue aggregating ₹27.13 crore, comprising entirely a fresh issue of 0.29 crore equity shares.

The IPO opened for subscription on April 28, 2025, and closed on April 30, 2025. The basis of allotment was finalized on May 2, 2025, and the company’s shares were listed on the NSE SME platform on May 6, 2025.

The issue was offered at a fixed price of ₹95 per share. The lot size for application was 1,200 shares. Accordingly, the minimum investment required for retail investors was ₹1,14,000, while HNI investors were required to apply for a minimum of two lots (2,400 shares), amounting to ₹2,28,000.

GetFive Advisors Pvt. Ltd. acted as the Book Running Lead Manager, KFin Technologies Ltd. served as the Registrar to the Issue, and SMC Global Securities Ltd. was appointed as the Market Maker.

Iware Supplychain Services Limited IPO & Charts
₹95

0%

Open

₹95

HIgh - Low

₹95

Previous Close

₹95

Total Traded Value

0

52 Weeks High

₹95

52 Weeks Low

₹95

Updates On

Apr 21, 2025

IPO. Open

Apr 28, 2026

IPO. Close

Apr 30, 2026

IPO. Price

₹95.00

IPO Market price

₹101.80 Cr

IPO Details

IPO Date 6 May
IPO Listing Date 6 May
IPO Face Value ₹10 per share
IPO Price Range ₹95.00
IPO Issue Size 28,56,000 shares
IPO Sale Type Fresh Capital
Employee Discount -
IPO Issue Type Fixed Price IPO
IPO Listing NSE SME Platform
Share Holding Pre Issue 78,60,000 shares

IPO Timeline

IPO Open Date 28 Apr
IPO Close Date 30 Apr
IPO Allotment (Tentative) 2 May
Refunds 5 May
Credit to Demat Account 5 May
IPO Listing Date 6 May

IPO Reservation

Category Offer
QIB Shares Offered -
NII (HNI) Shares Offered 13,56,000 (47.48%) Shares
Retail Shares Offered 13,56,000 (47.48%) Shares

IPO Lot Size

Investors can apply for at least 1,200 shares, with additional applications accepted in multiples of 1,200 shares.

Application Lots Share Amount
Retail (Min) 1 1,200 ₹1,14,000
Retail (Max) 1 1,200 ₹1,14,000
S-HNI (Min) 2 2,400 ₹2,28,00
S-HNI (Max) - - -
B-HNI (Min) - - -
About Company

Incorporated in 2018, iWare Supply Chain Services Limited is a pan-India integrated logistics company providing end-to-end supply chain solutions. The company offers a wide range of services, including warehousing (with third-party logistics and carrying & forwarding agent operations), transportation, rake handling, business auxiliary services, and rental income, operating across multiple states such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi. Through its extensive network, iWare delivers comprehensive and reliable supply chain management solutions across the country.

The company supports a diverse set of industries, including FMCG, pharmaceuticals, retail, and e-commerce, offering flexible transport options such as Full Truck Load (FTL), Half Truck Load (HTL), and containerized services. As of January 2025, iWare’s fleet expanded from 15 vehicles in FY 2022 to 47 vehicles, comprising 15 units of 22-feet open-body trucks and 32-feet container trucks. The company also operates over 100 BCN rakes annually, transporting approximately 220,000 metric tons of goods per year, and maintains access to 10,000 additional vehicles through strategic partnerships, enhancing its transport flexibility.

Competitive Strengths

Pan-India Presence – Extensive network across multiple states ensures broad geographical coverage and seamless logistics services.

Diverse Service Offerings – Provides end-to-end logistics solutions, including warehousing, transportation, rack handling, business auxiliary services, and rental income, positioning iWare as a one-stop supply chain partner.

Integrated Multimodal Transportation – Combines road and rail logistics, including partnerships with Indian Railways’ BCN rake services, for cost-efficient and reliable transportation.

Strong Fleet & Infrastructure – Growing company-owned and partnered fleet along with strategically located warehouses ensures efficient cargo handling.

Technology-Driven Operations – Uses digital tools for real-time tracking, route optimization, and inventory management, improving operational efficiency.

Industry Expertise – Promoters and management bring over 20 years of logistics experience, offering deep sector knowledge and robust business strategies.

Strategic Partnerships – Collaborates with leading corporations such as Adani Wilmar and operates large-scale warehouses to serve high-demand clients.

Focus on Sustainability – Implements eco-friendly initiatives including CNG-powered trucks and energy-efficient warehouses, reducing the company’s carbon footprint.

Expanding Market Reach – Extending services to Tier II and Tier III cities, enabling smaller businesses to access high-quality logistics solutions.

Government Policy Alignment – Operations align with India’s National Logistics Policy and PM Gati Shakti program, positioning iWare as a key player in the country’s logistics growth.

iWare Supplychain Services Ltd. recorded a 47% growth in revenue and a 92% increase in profit after tax (PAT) for the financial year ended March 31, 2025, compared to the previous financial year ended March 31, 2024.

Company Financials (Consolidated)

Assets 56.93 46.81 39.47
Total Income 86.11 58.77 43.72
Profit After Tax 8.02 4.17 0.42
EBITDA - - -
NET Worth 16.19 8.17 4
Reserves and Surplus 8.33 8.16 3.99
Total Borrowing 29.74 25.34 27.3

Key Performance Indicator (KPI)

ROE 58.52%
ROCE 30.34%
Debt/Equity 1.84
RoNW 51.05%
PAT Margin 9.34%
EBITDA Margin -
Price to Book Value 4.61
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement 6.8
3 To meet out the General Corporate Purposes; 3.87
4 Offer for Sale (OFS) -

Contact Details

Iware Supplychain Services Ltd. Address
7 th Floor 707 Iscon Elegance, Nr. Jain Temple
Prahladnagar Cross Road,
S.G. Highway
Ahmedabad, Gujarat, 380051
+91 9512470099
compliance.officer@iware.co.ini

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Detail Registrar

IPO Registrar

Kfin Technologies Ltd.
04067162222, 04079611000
investor.ipo@maashitla.com
https://ipostatus.kfintech.com/

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