Iware Supplychain IPO listed at ₹85 on NSE SME, a 10.52% discount to the issue price of ₹95, and slipped further to ₹81.20, trading 14.52% below its IPO price.
The Iware Supplychain Services IPO was subscribed 2.96 times overall. Retail investors showed strong interest with 3.28 times subscription, bidding for 44.49 lakh shares against 13.56 lakh offered. Non-institutional buyers subscribed 2.65 times, while the market maker portion was fully subscribed. The IPO received over 4,100 applications and bids worth ₹76.35 crore.
Iware Supplychain listed at ₹85, sharply below the ₹2 GMP expectation, turning the predicted 2.11% gain into a 10.52% loss.
Overview of Contents
Details About Iware Supplychain Services
Iware Supplychain Services is launching its IPO with a fixed price issue of ₹27.13 crores through a fresh issue of 28.56 lakh equity shares at ₹95 per share. The IPO has a 50% reservation each for retail and HNI investors, with no allocation for QIBs. Retail investors can apply for a minimum and maximum of 1 lot (1,200 shares) requiring ₹1,14,000, while S-HNI investors need to apply for at least 2 lots (2,400 shares) costing ₹2,28,000. The IPO is set to list on the NSE SME platform, and allotment is expected to be finalized by May 2, with listing on May 6, 2025
Iware Supplychain Services IPO funds deployment
- Capital expenditure for building a new industrial shed
- Working capital requirements
- General corporate purposes
Iware Supplychain Services Finanacial Report
For the financial years 2023, 2024, and 2025, Iware Supplychain Services has shown significant growth. In FY 2025, the company reported total assets of ₹56.93 crore, up from ₹46.81 crore in 2024 and ₹39.47 crore in 2023.
Total revenue also saw a rise, reaching ₹86.11 crore in 2025, compared to ₹58.77 crore in 2024 and ₹43.72 crore in 2023. Profit After Tax (PAT) grew from ₹0.42 crore in 2023 to ₹4.17 crore in 2024 and ₹8.02 crore in 2025.
The company’s net worth increased to ₹16.19 crore in 2025, from ₹8.17 crore in 2024 and ₹4.00 crore in 2023. Reserves and surplus stood at ₹8.33 crore in 2025, compared to ₹8.16 crore in 2024 and ₹3.99 crore in 2023. Total borrowings were ₹29.74 crore in 2025, up from ₹25.34 crore in 2024 and ₹27.33 crore in 2023.