Iware Supplychain Services Limited, a prominent pan-India integrated logistics company, is set to launch its Initial Public Offering (IPO) to raise ₹ 27.13 Crores. The company, which offers a wide range of services including warehousing, transportation, rake handling, and business auxiliary services, has established a robust network across key Indian states such as Gujarat, West Bengal, Uttar Pradesh, and Delhi. The IPO is entirely a fresh issue of 28.56 lakh equity shares priced at ₹ 95 each.

The subscription window for the Iware Supplychain Services IPO will open on April 28, 2025, and close on April 30, 2025. Investors are eagerly awaiting the allotment of shares, which is expected to be finalized on May 2, 2025. The shares will be listed on the NSE SME, with the tentative listing date set for May 6, 2025.

Iware Supplychain Services IPO Pricing & Market Capitalization:

• IPO Price: ₹ 95 per share.

• Market Capitalization at IPO Price: ₹ 101.80 Crores.

• Lot Size: 1,200 shares.

• Retail Investor Minimum Investment: ₹ 1,14,000.

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

The IPO is managed by Getfive Advisors Private Limited as the Book Running Lead Manager, and KFin Technologies Limited serves as the registrar. The market maker for the IPO is SMC Global Securities Limited.

Iware Supplychain Services IPO Grey Market Premium (GMP): As of the latest data, the Grey Market Premium (GMP) for Iware Supplychain Services IPO stands at ₹ 18, indicating a potential listing gain of 18.94%. It's important to note that the GMP is based on unofficial trading data and should not be relied upon for making investment decisions. The GMP primarily reflects the demand-supply dynamics in the grey market and serves for educational purposes.

Iware Supplychain Services IPO Live Subscription Status: As of 11:30 AM on April 30, 2025, the IPO has been subscribed 1.14 times on its last day of the subscription period. Investors can monitor the live subscription status via the official NSE portal.

Iware Supplychain Services IPO Allotment Status: The IPO allotment is scheduled for May 2, 2025. Investors can check their allotment status by visiting the registrar’s website, entering details such as application number, PAN, or DP Client ID. Here's a simple guide to check the allotment status:

• Visit the IPO allotment status page.

• Select Iware Supplychain Services Limited IPO.

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

• Submit the details to find out your allotment status.

Objectives of the IPO: The funds raised through the IPO will be allocated for the following purposes:

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

2. Working Capital Requirements: ₹ 680.00 Lakh to enhance the operational capabilities.

3. General Corporate Purpose: ₹ 386.77 Lakh to meet other corporate needs.

Iware Supplychain Services IPO Financial Overview: The company’s revenues from operations for the fiscal years 2023, 2024, and 2025 were ₹ 8,610.9 Lakh, ₹ 5,876.86 Lakh, and ₹ 4,372.00 Lakh respectively, showing a steady decline, potentially due to market conditions. Despite this, their EBITDA has also seen a decline, indicating the company’s efforts to manage costs.

The Profit After Tax (PAT) for the last three fiscal years shows a steady downward trend, from ₹ 801.93 Lakh in FY 2023 to ₹ 42.29 Lakh in FY 2025. This highlights the challenging operating environment but is also indicative of the company's adaptability.

The pre-issue P/E ratio stands at 17.92x, with the post-issue P/E ratio being 24.42x, compared to the industry P/E ratio of 15x. These figures suggest that the IPO is priced slightly higher than its industry peers. However, the company’s Return on Capital Employed (ROCE) for FY24 is 30.34%, and Return on Equity (ROE) is 58.52%, both of which are strong indicators of its financial health.

Investment Recommendation: Based on the IPO’s pricing and the financial performance of Iware Supplychain Services, the stock appears to be fully priced with a risk-adjusted return for investors. The Grey Market Premium (GMP) suggests potential listing gains, but investors should be cautious, as there is inherent risk due to the company's fluctuating financial metrics.

For investors seeking listing gains, we recommend considering the Iware Supplychain Services IPO. However, it is more suitable for risk-tolerant investors who understand the dynamics of IPO investments.

The Upcoming IPOs in this week and coming weeks are  Wagons Learning, Srigee DLM, Manoj Jewellers.

The Current active IPO are Kenrik Industries,Arunaya Organics, Ather Energy, Iware Supplychain Services.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.