| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹27.13 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹27.13 Cr |
| Fresh Issue | ₹25.76 Cr |
| Face Value | โน10 Per Equity Share |
| Issue Price | โน95.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | IWARE |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | GetFive Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
Incorporated in 2018, iWare Supply Chain Services Limited is pan-India integrated logistics company providing 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 operating across multiple states in India like Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi essentially offering comprehensive supply chain management solutions through their extensive network across the country.
The company offers services in multiple states, including Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, ensuring comprehensive coverage and reliable service delivery.
The company offers logistics support and solutions through its extensive network and integrated services across India.
As of anuary 2025, iWare's fleet has grown from 15 vehicles in the financial year 2022 to 47 vehicles, comprising 15 units of 22-feet open-body trucks and the remaining 32-feet containers.
iWare's extensive network supports FMCG, pharmaceuticals, retail, and e-commerce industries.
The company operates over 100 BCN rakes annually, transporting approximately 220,000 metric tons of goods annually.
iWare's extensive road fleet includes 500 company-owned trucks and access to an additional 10,000 vehicles through partnerships. The company offers flexible transport solutions, such as Full Truck Load (FTL), Half Truck Load (HTL), and containerized options, catering to diverse business needs.
Competitive Strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Capital expenditure requirement for the construction of new industrial shed | 14.06 |
| 2 | Funding Working capital requirements | 6.80 |
| 3 | General Corporate Purpose | 3.87 |
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 56.93 | 46.81 | 39.47 |
| Total Income | 86.11 | 58.77 | 43.72 |
| Profit After Tax | 8.02 | 4.17 | 0.42 |
| NET Worth | 16.19 | 8.17 | 4.00 |
| Reserves and Surplus | 8.33 | 8.16 | 3.99 |
| Total Borrowing | 29.74 | 25.34 | 27.33 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 58.52% |
| ROCE | 30.34% |
| Debt / Equity | 1.84% |
| RoNW | 51.05% |
| PAT Margin | 9.34% |
| Price to Book Value | 4.61 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 10.20 | 7.48 |
| P/E (x) | 9.31 | 12.69 |
| Promoter Holding | 100% | 73.35% |
| Market Cap | โน101.80 Cr. | |