Iware Supplychain Services Limited is coming up with an IPO with a fresh issue of 28,56,000 shares worth INR 27.1 crores (2,713.20 Lakhs). The company aims to fund the construction of a new industrial shed, working capital requirements and general corporate purposes.
Iware Supplychain Services IPO – Important Dates
| Iware Supplychain Services Limited IPO Date | April 28, 2025 to April 30, 2025 |
| Iware Supplychain Services Limited IPO Listing Date | May 6, 2025 |
| Iware Supplychain Services Limited IPO Price | INR 95 per share |
| Iware Supplychain Services Limited IPO Lot Size | 1,200 Shares |
| Iware Supplychain Services Limited IPO Total Issue Size | INR 27.1 crores |
| Iware Supplychain Services Limited IPO Basis of Allotment | May 2, 2025 |
| Iware Supplychain Services Limited IPO Initiation of Refunds | May 5, 2025 |
| Iware Supplychain Services Limited IPO Credit of Shares to Demat | May 5, 2025 |
| Iware Supplychain Services Limited IPO Issue Type | Fixed Price IPO |
| Iware Supplychain Services Limited IPO Listing At | NSE SME |
Iware Supplychain Services Limited IPO – Company Profile
Iware Supplychain Services Limited is a logistics company offering integrated services including warehousing, transportation, rake handling, business auxiliary services, and rental income. It operates with a fleet of 47 vehicles and serves clients across various sectors like Fast Moving Consumer Goods (FMCG), Auto components, Sanitaryware, etc.
They are headquartered in Ahmedabad and have business offices across Gujarat, West Bengal, UP, Rajasthan, Punjab, Haryana, and Delhi. With 6 years of operational experience and leadership with 20+ years in logistics, the company offers both road and rail transport services.
With FSSAI and ISO 9001:2015 certifications, Iware Supplychain Services Limited emphasises quality and efficiency. Its nationwide presence, strong promoter support, and a scalable fleet form its core strengths in delivering logistics solutions to diverse industries.
Iware Supplychain Services Ltd IPO Fundamental Analysis
Iware Supplychain Services Limited’s financial analysis reveals a mixed performance. Revenue has shown strong growth alongside rising profits and assets, improved liquidity, and reduced debt reliance, though the inventory turnover ratio is not available.
- Revenue Trend: The revenue increased from ₹4,355.45 lakhs in March 2023 to ₹5,870.63 lakhs in March 2024. The revenue for the current year’s 12-month period ending March 2024 is ₹8,582.25 lakhs.
- Equity and Liabilities: Equities have shown a consistent increase over the periods, reflecting potential growth and expansion. The debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has increased from ₹42.29 lakh in March 2023 to ₹416.96 lakh in March 2024, boosting investor confidence. The profit for the period ending March 2025 is ₹801.93 lakh.
- Earnings per Share (EPS): The diluted EPS increased from ₹0.54 in March 2023 to ₹5.30 in March 2024, reflecting higher earnings per share for investors. The diluted EPS for the period ending March 2025 is ₹10.20.
- Return on Net Worth (RoNW): The RoNW has risen from 10.58% to 49.54%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. The current ratio has also increased, indicating strengthening liquidity and a better ability to manage short-term obligations.
Iware Supplychain Services IPO Financial Analysis
| Particular | As of 31 March 2023 | As of 31 March 2024 | As of 31 March 2025 |
| Revenue (₹ in lakhs) | 4,355.45 | 5,870.63 | 8,582.25 |
| Equity (₹ in lakhs) | 399.73 | 816.69 | 1,618.62 |
| Expenses (₹ in lakhs) | 4,281.07 | 5,341.27 | 7,525.60 |
| Profit and Loss After Tax (₹ in lakhs) | 42.29 | 416.96 | 801.93 |
| Diluted EPS only (₹) | 0.54 | 5.30 | 10.20 |
| Return on Net Worth (%) | 10.58 | 51.05 | 49.54 |
| NAV per Equity Share (₹) | 5.09 | 10.39 | 20.59 |
| Total Assets (in lakhs) | 3,947.33 | 4,681.28 | 5,693.04 |
| Total Liabilities (₹ in lakhs) | 3,947.33 | 4,681.28 | 5,693.04 |
| Debt-Equity Ratio | 6.84 | 3.10 | 1.84 |
| Current Ratio (in times) | 0.93 | 0.87 | 1.29 |
| Inventory Turnover Ratio | NA | NA | NA |
Iware Supplychain Services Limited IPO Peer Comparison
Iware Supplychain Services Limited shows substantial revenue and EPS growth, with a solid RoNW. Pranik Logistics Limited and Shreeji Translogistics Limited show strength in NAV and P/E ratio, respectively.
| Company | Revenue (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV (₹ per share) |
| Iware Supplychain Services Limited | 8,582.2 | 10 | 9.31 | 10.20 | 49.54 | 20.59 |
| Pranik Logistics Limited | 6,683.93 | 10 | 12.73 | 7.54 | 35.56 | 21.19 |
| Shreeji Translogistics Limited | 1,627.52 | 10 | 16.74 | 2.33 | 32.64 | 8.01 |
Iware Supplychain Services Ltd IPO Objective
The main objective of Iware Supplychain Services Limited is to fund capital expenditure for the construction of a new industrial shed, working capital requirements and general corporate purposes.
- Capital Expenditure requirement for the construction of new industrial shed: The company intends to utilise INR 1,406.43 lakhs from the Net Proceeds to fund the capital expenditure on civil and structural works of the industrial shed and other allied structures.
- Funding Working capital requirements: The company plans to utilise INR 680.00 lakhs from the Net Proceeds to invest in trade receivables and payment to trade payables and funding day-to-day operations.
- General corporate purposes: The company will deploy the remaining proceeds, totalling INR 386.77 lakhs, for general corporate purposes to support business growth.
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Iware Supplychain Services IPO Risks And Challenges
Iware Supplychain Services Limited’s risk includes reliance on third parties for vehicles, dependence on key customers, and termination of lease/license, which could adversely impact operations, profitability, and business performance.
- The company is dependent on the sale of its services to certain key Industries and certain customers, including Promoter Group Companies. Any negative change in industry and/or loss of any of these customers or loss of revenue from sales could have a material adverse effect on their business, financial condition, and operations.
- The company relies on third parties to acquire vehicles utilised in their transportation operations. Further, market instability, including changes in fuel costs, may adversely impact the company’s operations and financial performance.
- The company doesn’t own the premises in which their registered office is located, and the same are on a lease arrangement. Any termination of such lease/license could adversely affect their operations.
Iware Supplychain Services Ltd IPO – Industry & Market Potential
Freight forwarding and logistics services cover transportation, storage, packing, customs clearance, insurance, and documentation, often using advanced tech to manage the supply chain.
India’s logistics sector is among the world’s largest, accounting for 14.4% of GDP and employing over 22 million people. Valued at ₹15.1 lakh crore (USD 190 billion) in 2019, it is largely unorganised.
The sector is supported by government reforms, digital initiatives, and rising manufacturing, with India ranking 38th in the Logistics Performance Index.
India’s economic growth has revived post-pandemic, with a GDP of USD 3.7 trillion in 2023. The manufacturing sector (15.3% of FY22 GDP) is set to expand under ‘Make in India’. This growth boosts demand for efficient, tech-driven logistics, positioning India as a global manufacturing and supply chain hub.
Iware Supplychain Services Limited IPO – Type of Offer
Iware Supplychain Services Limited is coming up with an IPO with a fresh issue of 28,56,000 shares worth INR 27.1 crores (2,713.20 Lakhs). The company aims to fund the construction of a new industrial shed, working capital requirements and meet general corporate purposes.
Iware Supplychain Services IPO Offer Size
The offer size of Iware Supplychain Services Limited is INR 27.1 crores, consisting of a fresh issue of 28,56,000 shares. The company aims to fund the construction of a new industrial shed, meet working capital requirements and fund to meet general corporate purposes.
Iware Supplychain Services Limited IPO Allotment Structure
Iware Supplychain Services Limited’s allocation will be as follows: A minimum of 50% for Retail Individual Investors (RII) and the remaining to other investors, including corporate bodies or institutions, irrespective of the number of specified securities applied for, according to SEBI regulations, as it is a fixed price issue. 1,44,000 shares are reserved for market makers.
● Retail Individual Investors (RII): A minimum of 50% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 1,44,000 shares, is reserved for market makers.
How to apply for the Iware Supplychain Services IPO?
To apply for the Iware Supplychain Services Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Iware Supplychain Services Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Iware Supplychain Services Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Iware Supplychain Services IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Iware Supplychain Services Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Iware Supplychain Services Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Iware Supplychain Services Limited IPO:
● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Iware Supplychain Services Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Iware Supplychain Services Ltd IPO Offer Registrar
The registrar for the Iware Supplychain Services Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFin Technologies Limited Selenium,
Tower-B, Plot No. 31 and 32 Gachibowli,
Financial District, Nanakramguda, Serilingampally
Hyderabad 500 032 Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Iware Supplychain Services IPO – FAQs
The allotment date of the Iware Supplychain Services is May 2, 2025.
The price band of the issue is INR 95 per share.
The offer size of Iware Supplychain Services Limited INR 27.1 crores, consisting of fresh issue of 28,56,000 shares. The company aims to fund the construction of a new industrial shed, meet working capital requirements and general corporate purposes.
The listing date of the Iware Supplychain Services is May 6, 2025.
Iware Supplychain Services is getting listed on the National Stock Exchange (NSE) and Small and Medium Exchange (SME).
The open and close dates of Iware Supplychain Services Limited are April 28, 2025 and April 30, 2025
To apply for the Iware Supplychain Services Limited IPO through Alice Blue, open a Demat and trading account, check IPO details, place your bid within the price band, submit the application, and check allotment status. Allotment depends on demand, and shares are not guaranteed.
The Book Runner for the Iware Supplychain Services is Getfive Advisors Private Limited.
