Iware Supplychain Services, a prominent pan-India integrated logistics company, is all set to launch its Initial Public Offering (IPO) in April 2025. The company, which offers a diverse range of services including warehousing, third-party logistics (3PL), transportation, and rake handling services, aims to raise ₹ 27.13 crores through its Fixed Price Issue. This amount is raised solely through a fresh issue of 28.56 lakh shares.

The subscription period for Iware Supplychain Services IPO opens on April 28, 2025, and closes on April 30, 2025. The shares will be listed on the NSE SME with a tentative listing date set for May 6, 2025. The share price for the IPO is ₹ 95 per equity share, and at this price, the market capitalization of Iware Supplychain Services will be ₹ 101.80 crores.

Iware Supplychain Services IPO Key Details:

• IPO Size: ₹ 27.13 crores (Fresh Issue of 28.56 lakh shares).

• Price Band: ₹ 95 per equity share.

• Lot Size: 1,200 shares.

• Minimum Investment: ₹ 1,14,000 for retail investors.

• HNI Investment: ₹ 2,28,000 (for 2 lots).

• Lead Manager: Getfive Advisors Private Limited.

• Registrar: KFin Technologies Limited.

• Market Maker: SMC Global Securities Limited.

Iware Supplychain Services IPO Grey Market Premium (GMP):

The Grey Market Premium (GMP) for the Iware Supplychain Services IPO is currently ₹ 18, showing a significant listing gain of 18.94%. However, it is important to note that the GMP is speculative and unregulated. Investors should consider it only as a reference point and not as an accurate prediction of actual listing gains.

Iware Supplychain Services IPO Subscription Status:

As of 07:00 PM on April 30, 2025, the Iware Supplychain Services IPO had been subscribed 2.86 times on its final day of subscription. This indicates a strong demand for the issue and suggests positive investor sentiment.

Step-by-Step Guide to Check IPO Allotment Status:

The allotment of Iware Supplychain Services IPO is scheduled for May 2, 2025. Investors can check the allotment status through the registrar’s website. Here’s how:

1. Visit the IPO allotment status page on KFin Technologies' website.

2. Select “Iware Supplychain Services Limited IPO” from the dropdown list.

3. Enter your application number, PAN, or DP Client ID.

4. Submit the details to view your allotment status.

Objectives of the Iware Supplychain Services IPO:

The company intends to utilize the net proceeds from the IPO for the following purposes:

1. Capital Expenditure: ₹ 1,406.43 Lakh for the construction of a new industrial shed.

2. Working Capital Requirements: ₹ 680.00 Lakh to fund the company's day-to-day operations.

3. General Corporate Purposes: ₹ 386.77 Lakh.

Financial Performance:

For the fiscal years ending March 31, 2023, 2024, and 2025, Iware Supplychain Services has shown a steady financial growth:

• Revenues: ₹ 4,372.00 Lakh (2025), ₹ 5,876.86 Lakh (2024), ₹ 8,610.9 Lakh (2023).

• EBITDA: ₹ 638.88 Lakh (2025), ₹ 1,093.22 Lakh (2024), ₹ 1,729.20 Lakh (2023).

• Profit After Tax (PAT): ₹ 42.29 Lakh (2025), ₹ 416.96 Lakh (2024), ₹ 801.93 Lakh (2023).

IPO Valuation:

Iware Supplychain Services' pre-issue Earnings Per Share (EPS) stands at ₹ 5.3, while the post-issue EPS is projected to be ₹ 3.89. The company's Price-to-Earnings (P/E) ratio is 17.92x pre-issue and 24.42x post-issue, compared to the industry P/E ratio of 15x. The company’s Return on Capital Employed (ROCE) for FY24 is 30.34%, and the Return on Equity (ROE) is 58.52%, indicating a healthy financial position.

IPO Recommendation:

Considering the company’s consistent financial growth and the favourable financial metrics, the IPO seems reasonably priced. However, given the higher P/E ratio compared to the industry, it may be more suitable for risk-tolerant investors seeking potential listing gains.

Based on the current GMP and the solid financial foundation of Iware Supplychain Services, we recommend Risky Investors to apply for the IPO to capitalize on potential listing gains.

The Current active IPO are Srigee DLM, Manoj Jewellers, Wagons Learning, Kenrik Industries.

The Closed IPOs are  Arunaya Organic, Ather Energy, Iware Supplychain Services.

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