Iware Supplychain Services is a pan-India integrated logistics company offering a diverse 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. Their extensive network spans multiple states, including Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, ensuring comprehensive coverage and reliable service delivery.

Iware Supplychain Services, an Fixed Price Issue amounting to ₹ 27.13 Crores, consisting entirely an Fresh Issue of 28.56 Lakh Shares. The subscription period for the Iware Supplychain Services IPO opens on April 28, 2025, and closes on April 30, 2025. The allotment is expected to be finalized on or about Friday, May 02, 2025, and the shares will be listed on the NSE SME with a tentative listing date set on or about Tuesday, May 06, 2025.

The Share Price of Iware Supplychain Services IPO is set at ₹ 95 per equity share. The Market Capitalisation of the Iware Supplychain Services Limited at IPO price of ₹ 95 per equity share will be ₹ 101.80 Crores. The lot size of the IPO is 1,200 shares. Retail investors are required to invest a minimum of ₹ 1,14,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹ 2,28,000.

Getfive Advisors Private Limited is the book running lead manager of the Iware Supplychain Services IPO, while KFin Technologies Limited is the registrar for the issue. SMC Global Securities Limited is the Market Maker for Iware Supplychain Services.

Iware Supplychain Services Limited IPO GMP Today
The Grey Market Premium of Iware Supplychain Services Limited IPO is expected to be ₹ 18 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Iware Supplychain Services Limited IPO Live Subscription Status Today: Real-Time Update
Iware Supplychain Services IPO will be open for its subscription on 28 April, 2025.

Iware Supplychain Services Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
24 April 2025	₹ 95	₹ 113	₹ 18 (18.94%)	07:00 PM; 24 Apr 2025

Iware Supplychain Services Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Iware Supplychain Services IPO allotment date is 02 May, 2025, Friday. Iware Supplychain Services IPO Allotment will be out on 2nd May, 2025 and will be live on Registrar Website from the allotment date. Check Iware Supplychain Services IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Iware Supplychain Services Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Iware Supplychain Services Limited IPO
Iware Supplychain Services proposes to utilise the Net Proceeds towards the following objects: 
1. ₹ 1,406.43 Lakh is required for Funding the capital expenditure requirement for the construction of new industrial shed
2. ₹ 680.00 Lakh is required Funding Working capital requirements
3. ₹ 386.77 Lakh is required General Corporate Purpose

Refer to Iware Supplychain Services Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are Ather Energy,Iware Supplychain Services,Arunaya Organics.

The Current active IPO are Tankup Engineers.

The Closed IPOs are Nil.

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About Iware Supplychain Services Limited

Business Overview

Iware Supplychain Services Limited is an integrated pan-India logistics company offering services across five verticals: Warehousing (including 3PL and C&F), Transportation (via road and rail), Rake Handling Services, Business Auxiliary Services, and Rental Income. Operations span across Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi.

Transportation is provided through:

• Road Transport: Operates a fleet of 47 nationally permitted vehicles, enabling flexible movement across India.

• Rail Transport: Offers rake handling services with hired rail cargo, managing loading/unloading for efficient bulk movement.

With 6+ years of operational experience and backed by 20+ years of promoter expertise, the company offers pan-India logistics solutions supported by a growing fleet (expanded from 15 vehicles in FY22 to 47 vehicles, including 22 ft open bodies and 32 ft containers).

Uses client-provided technological systems for operational efficiency and consistency. Holds a Central FSSAI license for perishable goods delivery and an ISO 9001:2015 certification for quality management compliance.

Serves clients across industries such as FMCG, Auto Components, and Sanitary-ware, showcasing the capability to deliver end-to-end logistics solutions across diverse sectors. The company have 213 employees, as of March 31, 2025. The Bankers to the Company is Kotak Mahindra Bank.

Industry Analysis

Logistics Sector Overview

India’s logistics sector ranks among the largest globally, representing a substantial growth opportunity. As a backbone of the country’s economic infrastructure, it encompasses transportation, warehousing, and comprehensive supply chain solutions—from sourcing to end delivery. Recognizing its significance, the Department of Commerce established a dedicated logistics division in July 2017. This division, led by the Special Secretary to the Government of India, focuses on integrated sectoral development, driving policy reforms, technological integration, and the removal of systemic bottlenecks.

Economic Context and Sectoral Resilience

India, the world’s fifth-largest economy with a GDP of approximately USD 3.7 trillion in 2023, witnessed robust growth between 2015 and 2019 with an annual average exceeding 7%. Though the pandemic caused a 7.3% contraction in 2020, the economy rebounded swiftly in 2021–2022 with 15.3% growth, driven by a resurgence in services, revitalized manufacturing, and strong agricultural performance.

The manufacturing sector—contributing 15.3% of GDP in FY22—is poised for further expansion, bolstered by government initiatives such as Make in India and the country’s ambition to evolve into a global manufacturing hub. This shift creates demand for advanced, tech-enabled logistics networks. With global supply chains recalibrating, India is emerging as a reliable partner capable of delivering sophisticated, end-to-end supply chain services.

India’s ranking in the World Bank’s Logistics Performance Index climbed six spots to 38th among 139 countries, highlighting consistent improvement. Logistics accounts for roughly 14.4% of the GDP and employs over 22 million individuals. The sector, valued at ₹15.1 lakh crore (USD 190 billion) in 2019, is predominantly unorganized—comprising small-scale fleet operators, brokers, and independent warehouse owners.

India’s strides in digital trade are notable, with its score in the UNESCAP Global Survey on Digital and Sustainable Trade Facilitation rising from 63.4% in 2015 to 90.3% in 2021. This marks significant progress in logistics efficiency, governance, and sustainability.

In terms of transportation mode share (FY21), road transport dominates with 73%, followed by rail (18%), water (5%), and air (5%).

Warehousing Sector Insights

Warehousing, logistics, and industrial infrastructure (WIL) are pivotal to India’s goal of becoming a USD 5 trillion economy by FY25. The COVID-19 pandemic catalyzed a shift in consumption behavior toward essential online purchases, triggering exponential growth in the warehousing sector—from just 2% of the market in 2020 to 20% in 2021.

This growth is further propelled by a robust economy, infrastructure upgrades, and a favorable business environment. Rising consumer demand and the expansion of e-commerce and organized retail are accelerating this trend. The Indian retail market is projected to grow at a 9% CAGR from 2019 to 2030, potentially exceeding USD 1.8 trillion in value.

The government has played an instrumental role in facilitating sectoral growth through:

• Development of dedicated freight corridors

• Expansion of road and rail networks

• Implementation of Digital India, Bharat Net, and National Logistics Portal

• Construction of logistics parks and modern warehouse hubs

The introduction of the National Logistics Policy aims to reduce logistics costs as a share of GDP to single digits by 2030.

Sector Growth and Investment Trends

India’s warehousing market is projected to reach USD 34.99 billion (₹2.87 trillion) by 2027, growing at a CAGR of 15.64%. Technological transformation, such as automation and data-driven operations, is redefining warehousing with a focus on efficiency, speed, and sustainability.

In 2021, India recorded a 21% year-over-year increase in Grade A and B warehouse inventory across eight major cities, reaching 287 million sq. ft. of total capacity. Grade A facilities alone contributed 134 million sq. ft., growing at a five-year CAGR of nearly 30%. Delhi NCR, Mumbai, and Bengaluru collectively accounted for over half of this capacity.

Key demand drivers include:

• 3PL and logistics players

• E-commerce (retail, groceries, pharma, food delivery)

• FMCG and retail sectors, which have remained resilient post-pandemic

• A shift to hub-and-spoke models and tier 2/3 city expansion

Opportunities, Challenges, and the Road Ahead

India’s warehousing and logistics ecosystem is fast maturing and offers tremendous opportunities for both domestic and global investors. The government’s move to allow 100% FDI in logistics parks and warehousing has opened doors for international participation.

To remain competitive globally, the sector must:

• Strengthen last-mile connectivity

• Accelerate adoption of AI, ML, and analytics

• Promote sustainable and green practices

• Enhance infrastructure and skill development

• Streamline regulatory compliance

Collaborations between the government, private enterprises, and technology providers will be central to building a world-class logistics ecosystem.

By leveraging technology, strategic investments, and policy support, India’s logistics and warehousing sector is set to become a cornerstone of the nation’s economic success, enabling seamless trade, efficient distribution, and a resilient supply chain network for the future

Business Strengths

1. Diversified Service Portfolio:
Offers a broad range of services including Warehousing (3PL and C&F), Transportation, Rake Handling Services, Business Auxiliary Services, and Rental Income, enabling comprehensive logistics solutions under one roof.

2. Experienced Workforce:
Backed by a diverse team of 200 professionals, combining varied experience and age groups to efficiently manage operations and serve clients across multiple industries.

3. Strategic Geographic Presence:
Business offices across multiple states ensure strong market reach, regional adaptability, and risk diversification, leading to faster service delivery and stronger client relationships.

4. Strong Client Relationships:
Known for timely execution and service quality, the company maintains long-standing relationships with reputed clients, driven by a deep understanding of industry-specific needs and a commitment to tailored logistics solutions

Business Strategies

1. Network and Infrastructure Expansion:
Plans include developing new offices and warehouses across India to enhance domestic presence, meet rising demand, and offer customized storage solutions for diverse sectors.

2. Customer Relationship Focus:
Emphasis on regular client interaction and timely service delivery to foster strong, long-term relationships and encourage repeat business from both new and existing customers.

3. Operational Excellence and Service Quality:
Strategy centers on improving process efficiency, implementing standard operating procedures, and maintaining high-quality service standards to drive customer satisfaction and business growth.

4. Fleet Expansion Strategy:
Aims to increase fleet size to lower dependence on hired vehicles, reduce operating costs, improve margins, and ensure reliable, timely consignment deliveries

Business Risk Factors and Concerns

1. Client & Industry Dependence
Business heavily relies on a few key industries and major customers, including Promoter Group Companies. Any industry downturn or loss of major clients may severely impact revenue and operations.

3. Lack of Long-Term Contracts
Most customer relationships are based on short-term or renewable agreements. Absence of long-term commitments increases revenue volatility and operational uncertainty.

2. Dependence on Third-Party Vehicles
Transportation operations depend on third-party vehicle rentals. Limited owned fleet and outsourcing increase risk of service disruptions, cost volatility, and inconsistent quality.

4. Unverified Freight Contents
Packages transported are not independently verified, posing risk of carrying hazardous or illegal items. This may lead to legal consequences, confiscation of vehicles, or reputational damage.

5. Operational Risk Due to Road Disruptions
Logistics are vulnerable to delays or disruptions from road conditions, weather, accidents, or political unrest. These issues can result in financial loss, liability claims, and long-term brand damage.

Iware Supplychain Services operates in a sector highly reliant on select industries, key clients, third-party logistics support, and the national road network. Any disruptions in these areas or regulatory non-compliance can significantly affect business operations, financial health, and reputation.