Iware Supplychain Services IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Apr 28 to Apr 30 2025
Price Band
₹95
Current GMP
₹85.05(-10.47%)
Subscription
2.96 times
IPO Details
| IPO Date | April 28, 2025 to April 30, 2025 |
| Listing Date | May 6, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹95 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 28,56,000 shares (aggregating up to ₹27.13 Cr) |
| Fresh Issue | 28,56,000 shares (aggregating up to ₹27.13 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 78,60,000 shares |
| Share Holding Post Issue | 1,07,16,000 shares |
| Market Maker Portion | 1,44,000 sharesSmc Global Securities Ltd. |
IPO Date
April 28, 2025 to April 30, 2025
Listing Date
May 6, 2025
Face Value
₹10 per share
Issue Price
₹95 per share
Lot Size
1,200 Shares
Total Issue Size
28,56,000 shares (aggregating up to ₹27.13 Cr)
Fresh Issue
28,56,000 shares (aggregating up to ₹27.13 Cr)
Issue Type
Fixed Price IPO
Listing At
NSE SME
Share Holding Pre Issue
78,60,000 shares
Share Holding Post Issue
1,07,16,000 shares
Market Maker Portion
1,44,000 sharesSmc Global Securities Ltd.
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers*** | 2.65 |
| Retail Investors | 3.28 |
| Total ** | 2.96 |
Market Maker
1
Non-Institutional Buyers***
2.65
Retail Investors
3.28
Total **
2.96
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Apr 28, 2025 | 0.24 | 0.57 | 0.40 |
| Day 2 Apr 29, 2025 | 0.63 | 1.18 | 0.91 |
| Day 3 Apr 30, 2025 | 2.65 | 3.28 | 2.96 |
DayDay 1
Apr 28, 2025
NII*0.24
Retail0.57
Total0.40
DayDay 2
Apr 29, 2025
NII*0.63
Retail1.18
Total0.91
DayDay 3
Apr 30, 2025
NII*2.65
Retail3.28
Total2.96
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 06-05-2025 | 95.00 | 2(2.11%) | 97 |
| 05-05-2025 | 95.00 | 2(2.11%) | 97 |
| 04-05-2025 | 95.00 | 2(2.11%) | 97 |
| 03-05-2025 | 95.00 | 2(2.11%) | 97 |
| 02-05-2025 | 95.00 | 2(2.11%) | 97 |
| 01-05-2025 | 95.00 | 2(2.11%) | 97 |
| 30-04-2025 | 95.00 | 2(2.11%) | 97 |
| 29-04-2025 | 95.00 | 0(0.00%) | 95 |
| 28-04-2025 | 95.00 | 0(0.00%) | 95 |
| 27-04-2025 | 95.00 | 0(0.00%) | 95 |
| 26-04-2025 | 95.00 | 0(0.00%) | 95 |
| 25-04-2025 | 95.00 | 0(0.00%) | 95 |
| 24-04-2025 | 95.00 | 0(0.00%) | 95 |
Date06-05-2025
Price95.00
GMP2(2.11%)
Estimate List Price97
Date05-05-2025
Price95.00
GMP2(2.11%)
Estimate List Price97
Date04-05-2025
Price95.00
GMP2(2.11%)
Estimate List Price97
Date03-05-2025
Price95.00
GMP2(2.11%)
Estimate List Price97
Date02-05-2025
Price95.00
GMP2(2.11%)
Estimate List Price97
Date01-05-2025
Price95.00
GMP2(2.11%)
Estimate List Price97
Date30-04-2025
Price95.00
GMP2(2.11%)
Estimate List Price97
Date29-04-2025
Price95.00
GMP0(0.00%)
Estimate List Price95
Date28-04-2025
Price95.00
GMP0(0.00%)
Estimate List Price95
Date27-04-2025
Price95.00
GMP0(0.00%)
Estimate List Price95
Date26-04-2025
Price95.00
GMP0(0.00%)
Estimate List Price95
Date25-04-2025
Price95.00
GMP0(0.00%)
Estimate List Price95
Date24-04-2025
Price95.00
GMP0(0.00%)
Estimate List Price95
IPO Important Dates
| IPO Open Date | Mon, Apr 28, 2025 |
| IPO Close Date | Wed, Apr 30, 2025 |
| Tentative Allotment | Fri, May 2, 2025 |
| Initiation of Refunds | Mon, May 5, 2025 |
| Credit of Shares to Demat | Mon, May 5, 2025 |
| Tentative Listing Date | Tue, May 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 30, 2025 |
IPO Open Date
Mon, Apr 28, 2025
IPO Close Date
Wed, Apr 30, 2025
Tentative Allotment
Fri, May 2, 2025
Initiation of Refunds
Mon, May 5, 2025
Credit of Shares to Demat
Mon, May 5, 2025
Tentative Listing Date
Tue, May 6, 2025
Cut-off time for UPI mandate confirmation
5 PM on April 30, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,14,000 |
| Retail (Max) | 1 | 1200 | ₹1,14,000 |
| HNI (Min) | 2 | 2,400 | ₹2,28,000 |
ApplicationRetail (Min)
Lots1
Shares1200
Amount₹1,14,000
ApplicationRetail (Max)
Lots1
Shares1200
Amount₹1,14,000
ApplicationHNI (Min)
Lots2
Shares2,400
Amount₹2,28,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 56.93 | 46.81 | 39.47 |
| Revenue | 86.11 | 58.77 | 43.72 |
| Profit After Tax | 8.02 | 4.17 | 0.42 |
| Net Worth | 16.19 | 8.17 | 4 |
| Reserves and Surplus | 8.33 | 8.16 | 3.99 |
| Total Borrowing | 29.74 | 25.34 | 27.33 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 202556.93
31 Mar 202446.81
31 Mar 202339.47
Period EndedRevenue
31 Mar 202586.11
31 Mar 202458.77
31 Mar 202343.72
Period EndedProfit After Tax
31 Mar 20258.02
31 Mar 20244.17
31 Mar 20230.42
Period EndedNet Worth
31 Mar 202516.19
31 Mar 20248.17
31 Mar 20234
Period EndedReserves and Surplus
31 Mar 20258.33
31 Mar 20248.16
31 Mar 20233.99
Period EndedTotal Borrowing
31 Mar 202529.74
31 Mar 202425.34
31 Mar 202327.33
IPO Reservation
| 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%) |
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%)
Information about company
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:
Pan-India Presence – The company has an extensive network across multiple states, ensuring broad geographical coverage and seamless logistics services.
Diverse Service Offerings – iWare provides end-to-end logistics solutions, including warehousing, transportation, rack handling, business auxiliary services, and rental income, making it a one-stop solution for supply chain management.
Integrated Multimodal Transportation – With both road and rail logistics solutions, including its association with Indian Railways' BCN rake services, iWare ensures cost-efficient and reliable goods transportation.
Strong Fleet & Infrastructure – iWare operates a growing fleet of company-owned and partnered vehicles, along with strategically located warehouses, ensuring efficient cargo handling.
Technology-Driven Operations – The company leverages digital tools for real-time tracking, route optimization, and inventory management, enhancing operational efficiency.
Industry Expertise – iWare is backed by experienced promoters with over 20 years of expertise in the logistics sector, ensuring deep industry knowledge and strong business strategies.
Strategic Partnerships – The company collaborates with leading corporations like Adani Wilmar and operates large-scale warehouses to cater to high-demand businesses.
Focus on Sustainability – With eco-friendly initiatives like CNG-powered trucks and energy-efficient warehouses, iWare is committed to reducing its carbon footprint and supporting green logistics.
Expanding Market Reach – iWare is extending its services to Tier II and Tier III cities, enabling small and medium-sized businesses to access high-quality logistics solutions.
Government Policy Alignment – The company’s operations align with India's National Logistics Policy and PM Gati Shakti program, positioning it as a key player in the country's logistics growth.
Objectives of IPO
The Company Iware Supplychain Services IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (in Millions)
1
Capital expenditure requirement for the construction of new industrial shed
140.64
2
Funding Working capital requirements
68
3
General Corporate Purpose
38.68
Disclaimer
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