What's covered under the Article:

Iware Supplychain Services, a pan-India integrated logistics company, offers a wide 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. The company has an extensive network spread across multiple states such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, ensuring comprehensive service delivery across India.

Iware Supplychain Services IPO Details

• Issue Type: Fresh Issue

• Issue Size: ₹27.13 Crores

• Shares Offered: 28.56 Lakh shares

• Price Per Share: ₹95

• Market Capitalisation at IPO: ₹101.80 Crores

• Lot Size: 1,200 shares (₹1,14,000 minimum investment for retail investors)

• Subscription Dates: April 28, 2025 to April 30, 2025

• Allotment Date: May 2, 2025

• Listing Date: May 6, 2025, on NSE SME

The Iware Supplychain Services IPO is structured as a fixed-price issue. The company intends to utilize the net proceeds of the IPO for capital expenditure, working capital requirements, and general corporate purposes.

Grey Market Premium (GMP)

As of April 24, 2025, the Grey Market Premium (GMP) of Iware Supplychain Services IPO stands at ₹18, reflecting an 18.94% premium on the IPO price of ₹95 per share. The expected listing price is ₹113, indicating a potential listing gain for investors. It’s important to note that GMP is an unregulated market indicator and should be considered cautiously.

Subscription Status

As of 03:30 PM on April 28, 2025, the live subscription status of the Iware Supplychain Services IPO shows that the issue has been subscribed 0.28 times on its first day. Keep checking the subscription status for real-time updates.

Allotment Status and Guide

The allotment of Iware Supplychain Services IPO shares is expected to be finalized on May 2, 2025. Investors can check their allotment status by visiting the registrar’s website and entering their application number, PAN, or DP Client ID.

IPO Objectives

Iware Supplychain Services plans to utilize the funds raised through the IPO for the following:

1. Capital Expenditure: ₹1,406.43 Lakh for constructing a new industrial shed.

2. Working Capital: ₹680.00 Lakh to support ongoing operations.

3. General Corporate Purposes: ₹386.77 Lakh for miscellaneous corporate needs.

Financial Performance and Valuation

The company has shown consistent growth in its financials over the past three years, with a revenue increase from ₹4,372.00 Lakh in FY23 to ₹5,876.86 Lakh in FY24. EBITDA margins have also remained healthy, with an increase in profit from ₹42.29 Lakh in FY23 to ₹416.96 Lakh in FY24.

Key financial metrics:

• Pre-issue EPS: ₹5.3

• Post-issue EPS: ₹3.89

• Pre-issue P/E ratio: 17.92x

• Post-issue P/E ratio: 24.42x

• Industry P/E ratio: 15x

• ROCE for FY24: 30.34%

• ROE for FY24: 58.52%

• RoNW for FY24: 49.54%

Given the valuation and financial performance, the IPO is priced at a higher multiple compared to the industry average, which might make it suitable for investors with a higher risk tolerance.

IPO Review

The Iware Supplychain Services IPO is an attractive option for risky investors, particularly those interested in listing gains. The company’s steady growth in the logistics industry and its diversified operations across India enhance its prospects. Despite the higher P/E multiple, the listing gain potential driven by the strong GMP could make this IPO an appealing opportunity for those seeking short-term gains in the stock market.

Investors are encouraged to apply if they are comfortable with the risk profile of the company and the IPO's valuation. However, those seeking long-term investments may want to assess the company’s business model and market positioning more closely.

The Upcoming IPOs in this week and coming weeks are Arunaya Organics,Kenrik Industries,Wagons Learning,Srigee DLM.

The Current active IPO are Ather Energy, Iware Supplychain Services.

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