Iware Supplychain Services is launching its IPO with a fixed price issue of ₹27.13 crores, entirely through a fresh issue of 28.56 lakh equity shares.
The IPO opens for subscription on April 28, 2025, and closes on April 30, 2025. The shares are priced at ₹95 each, and the IPO is set to list on the NSE SME platform, with a tentative listing date of May 6, 2025.
The minimum application size for retail investors is 1 lot (1,200 shares), requiring an investment of ₹1,14,000. For HNI investors, the minimum is 2 lots (2,400 shares), amounting to ₹2,28,000. The allotment is expected to be finalized by May 2, 2025.
The company has shown strong financial growth, with revenue rising from ₹58.77 crores in FY 2024 to ₹86.11 crores in FY 2025, and profit more than doubling from ₹4.17 crores to ₹8.02 crores in the same period.
Given these positive financials and the fresh capital infusion from the IPO, the company appears to have good potential for long-term investment. The retail and HNI quotas are set at 50% each, while there’s no quota allocated for QIBs in this offering.
iWare Supply Chain Services Limited, started in 2018, is a fast-growing logistics company in India, offering complete supply chain solutions. The company provides many services like warehousing (3PL and CFA), transportation, rake handling, business support services, and rental income. It operates across key Indian states like Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi. iWare has a strong network that helps major sectors like FMCG, pharma, retail, and e-commerce.
As of January 2025, iWare has expanded its fleet from just 15 vehicles in FY 2022 to 47 vehicles now, including both open-body trucks and large containers. The company also handles more than 100 BCN rakes every year, moving around 2.2 lakh metric tons of goods. It has 500 company-owned trucks and access to over 10,000 vehicles through partners, offering flexible services like Full Truck Load (FTL), Half Truck Load (HTL), and container transport.
iWare stands strong because of its wide presence across India, multiple service options, a good mix of road and rail transport, and strong infrastructure. They use technology for real-time tracking and smooth operations. With experienced promoters having over 20 years of industry knowledge, iWare works with big names like Adani Wilmar and runs large warehouses.
The company also supports green logistics by using CNG trucks and energy-saving warehouses. iWare is now expanding into Tier II and Tier III cities to help small businesses. Its work supports India’s National Logistics Policy and PM Gati Shakti plan, making it an important player in the country’s growing logistics sector.
Overview of Contents
Iware Supplychain Services IPO Overview
| Detail | Information |
|---|---|
| IPO Name | Iware Supplychain Services |
| Listing At | NSE SME |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 per share |
| Lot Size | 1,200 shares per lot |
| Minimum Investment | ₹1,14,000 (for 1 lot) |
| Total Issue Size | 28,56,000 shares (₹27.13 crores) |
| Fresh Issue Size | 28,56,000 shares (₹27.13 crores) |
| Issue Type | Fixed Price Issue |
| Market Maker Portion | 1,44,000 shares |
| Pre-Issue Shareholding | 78,60,000 shares |
| Post-Issue Shareholding | 1,07,16,000 shares |
| Retail Quota | Not more than 50% |
| HNI/NII Quota | Not more than 50% |
Iware Supplychain IPO Prospectus
| DRHP Draft Prospectus | Click here |
| RHP | Click here |
Iware Supplychain Services Dates
| Event | Date |
|---|---|
| IPO Starts | 28-04-2025 (Monday) |
| IPO Ends | 30-04-2025 (Wednesday) |
| Allotment Finalisation (Tentative) | 02-05-2025 (Friday) |
| Refund Process Begins | 05-05-2025 (Monday) |
| Shares Credited to Demat A/c | 05-05-2025 (Monday) |
| Expected Listing Date on NSE SME | 06-05-2025 (Tuesday) |
| UPI Mandate Approval Last Time | 30-04-2025, 5:00 PM |
Iware Supplychain Services IPO Market Lot Size
| Category | No. of Lots | Total Shares | Investment Amount |
|---|---|---|---|
| Retail (Min/Max) | 1 Lot | 1,200 Shares | ₹1,14,000 |
| Small HNI (Min) | 2 Lots | 2,400 Shares | ₹2,28,000 |
Iware Supplychain Services IPO Promoter Holding
The key people behind iWare Supply Chain Services are Mr. Krishnakumar J. Tanwar, Mr. Rajnish Gautam, and Inter India Roadways Pvt. Ltd. These individuals and the company have been instrumental in building iWare’s strong logistics foundation across India.
| Stage | Promoters' Ownership (%) |
|---|---|
| Before IPO Launch | 100.00% |
| After IPO Allotment | 73.35% |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Pranik Logistics Limited | 7.54 | 12.73 | 35.56% | 21.19 | 66.84 Cr. |
| Shreeji Translogistics Limited | 2.33 | 16.74 | 32.64% | 8.01 | 16.28 Cr. |
Objects of the Issue
- Capital expenditure requirement for the construction of new industrial shed
- Funding Working capital requirements
- General Corporate Purpose.
iWare Supplychain Services Financial Services
iWare Supplychain Services Limited has shown strong financial progress over the years. In the most recent financial year ending March 31, 2025, the company’s revenue grew by 47%, and its profit after tax (PAT) jumped by 92% compared to the previous year
| Financial Year Ended | 2025 | 2024 | 2023 |
|---|---|---|---|
| 💼 Total Assets | 56.93 | 46.81 | 39.47 |
| 📈 Total Revenue | 86.11 | 58.77 | 43.72 |
| 💰 Profit After Tax (PAT) | 8.02 | 4.17 | 0.42 |
| 🏦 Net Worth | 16.19 | 8.17 | 4.00 |
| 🧾 Reserves & Surplus | 8.33 | 8.16 | 3.99 |
| 🏦 Total Borrowings | 29.74 | 25.34 | 27.33 |
iWare Supplychain IPO – Key Valuation Indicators FY25
Here’s a simplified view of important valuation ratios and financial metrics of iWare Supplychain Services Ltd for FY2025. These indicators give a clearer picture of the company’s profitability, efficiency, and investor value.
| Metric | Figure |
|---|---|
| 🧾 Earnings Per Share (EPS) | ₹10.20 (Basic) |
| 💸 Price to Earnings (P/E) | 9.31 |
| 📈 Return on Net Worth (RoNW) | 49.54% |
| 💹 Return on Equity (ROE) | 58.52% |
| 📊 Return on Capital Employed (ROCE) | 30.34% |
| 📉 Debt-to-Equity Ratio | 1.84 |
| 💼 Net Asset Value (NAV) | ₹20.59 |
| 📦 EBITDA Margin | 19.81% |
| 💰 PAT Margin | 9.34% |
Peer Group Comparison
| Metric | Figure |
|---|---|
| 🧾 Earnings Per Share (EPS) | ₹10.20 (Basic) |
| 💸 Price to Earnings (P/E) | 9.31 |
| 📈 Return on Net Worth (RoNW) | 49.54% |
| 💹 Return on Equity (ROE) | 58.52% |
| 📊 Return on Capital Employed (ROCE) | 30.34% |
| 📉 Debt-to-Equity Ratio | 1.84 |
| 💼 Net Asset Value (NAV) | ₹20.59 |
| 📦 EBITDA Margin | 19.81% |
| 💰 PAT Margin | 9.34% |
Iware Supplychain Services IPO Review
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Iware Supplychain Services IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- GetFive Advisors Private Limited
Company Address
Iware Supplychain Services Limited
7 th Floor 707 Iscon Elegance, Nr. Jain Temple
Prahladnagar Cross Road,
S.G. Highway
Phone: +91 9512470099
Email: [email protected]
Website: http://www.iware.co.in/
Iware Supplychain Services IPO FAQs
What is the issue size of iWare Supplychain Services IPO?
The issue size is approximately ₹27.13 crores.
What is the IPO price of iWare Supplychain Services?
The IPO price is ₹95 per share.
What is the lot size and minimum investment?
The lot size is 1,200 shares, and the minimum investment is ₹1,14,000 for retail investors.
Where will the IPO be listed?
The IPO will be listed on the NSE SME platform.
What is the promoter holding before and after the IPO?
Promoter holding is 100% before and 73.35% after the IPO.
How has the company performed financially in recent years?
The company’s revenue grew by 47%, and PAT increased by 92% from FY24 to FY25.
What are some key valuation ratios for iWare IPO?
EPS is ₹10.20, P/E ratio is 9.31, RoNW is 49.54%, and NAV is ₹20.59.
Is it a good IPO to apply for?
The IPO shows strong financial growth and valuation, making it suitable for long-term investors.
What type of issue is it – Book Built or Fixed Price?
It is a Fixed Price IPO.