Iware Supplychain Services Limited, a pan-India integrated logistics company, is set to launch its Initial Public Offering (IPO) with a Fixed Price Issue amounting to ₹27.13 Crores. The IPO consists of 28.56 Lakh Shares at a price of ₹95 per equity share. The subscription period for the IPO will open on April 28, 2025, and close on April 30, 2025. The allotment is expected to be finalized on May 02, 2025, and the shares will be listed on the NSE SME with a tentative listing date set on May 06, 2025.

Iware Supplychain Services IPO Key Details:

• Issue Size: ₹27.13 Crores

• Price Band: ₹95 per equity share

• Lot Size: 1,200 shares

• Retail Investment Minimum: ₹1,14,000 (1,200 shares)

• HNIs Investment Minimum: ₹2,28,000 (2,400 shares)

• Market Capitalization at IPO Price: ₹101.80 Crores

The IPO is managed by Getfive Advisors Private Limited as the book running lead manager, with KFin Technologies Limited acting as the registrar. SMC Global Securities Limited is the market maker for the IPO.

Iware Supplychain Services IPO Grey Market Premium (GMP):

As of April 24, 2025, the Grey Market Premium (GMP) for the Iware Supplychain Services IPO is ₹18, indicating an 18.94% potential listing gain. However, investors should exercise caution, as GMP is unregulated and does not guarantee future performance on listing day.

Iware Supplychain Services IPO Objectives:

The company intends to utilize the net proceeds from the IPO towards several key objectives:

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

2. Working Capital: ₹680.00 Lakh will be used to support working capital requirements.

3. General Corporate Purpose: ₹386.77 Lakh will be allocated for general corporate purposes.

Company Overview:

Iware Supplychain Services offers a broad spectrum of logistics services including warehousing, third-party logistics (3PL), transportation, rake handling services, and business auxiliary services. With a pan-India presence, their operations extend across key states including Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, making it a strong player in the logistics sector.

The company is led by promoters Krishnakumar Jagdishprasad Tanwar and Rajnish Gautam, both of whom have over 20 years of experience in the logistics and transportation industry.

Iware Supplychain Services IPO Financial Overview:

• Revenue from Operations: ₹4,372.00 Lakh (FY 2025), ₹5,876.86 Lakh (FY 2024), ₹8,610.9 Lakh (FY 2023)

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

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

The company's pre-issue EPS for FY24 is ₹5.3, with a post-issue EPS of ₹3.89. The P/E ratio for the IPO stands at 17.92x pre-issue and 24.42x post-issue, compared to the industry P/E ratio of 15x. These numbers suggest that the IPO is fully priced.

IPO Review & Recommendations:

Given the company’s steady financial performance and strong operational network, the Iware Supplychain Services IPO presents an attractive investment opportunity for risky investors looking to capitalize on potential listing gains. The GMP of ₹18 indicates a positive outlook, but investors should remain cautious as IPO investments carry inherent risks. For those seeking long-term gains, further evaluation of the company's post-listing performance is advised.

Considering the market conditions and the financial stability of Iware Supplychain Services, investors with a high risk appetite are advised to consider subscribing to this IPO.

Conclusion: With a solid operational track record and positive market sentiment, the Iware Supplychain Services IPO is a good option for listing gains but requires careful assessment for long-term investment potential. Stay updated on subscription status and listing day performance to make informed decisions.

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

The Closed IPOs are Tankup Engineers.

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