The initial public offer (IPO) of Iware Supplychain Services received bids for 10,63,200 shares as against 28,56,000 shares on offer, as per NSE data as of 17:00 hours on Monday (28 April 2025). The issue was subscribed 0.37 times.
The issue opened for bidding on Monday (28 April 2025) and it will close on Wednesday (30 April 2025). The price of the IPO is fixed at Rs 95 per share. The minimum order quantity is 1,200 equity shares. The equity shares will list on NSE’s SME platform.
The IPO comprises a fresh issue of 28,56,000 equity shares. The promoter and promoter group shareholding will dilute to 73.35% from 100% pre-issue.
About 1,44,000 equity shares will be reserved for subscription by the market maker to the issue. The net issue comprises of 27,12,000 equity shares. The issue and the net issue will constitute 26.65% and 25.31%, respectively, of the post-issue paid-up equity share capital of the company.
The company intends to utilize the net proceeds to meet funding the capital expenditure requirement for the construction of new industrial shed, funding of working capital requirements and general corporate purposes.
Iware Supply Chain Services is a pan-India logistics company that provides integrated solutions across five different service types: (i) warehousing (including third-party logistics (3PL) and carrying & forwarding agent), (ii) transportation (including carrying & forwarding agent), (iii) rake handling services, (iv) business auxiliary services, and (v) rental income. The company offers transportation services through two primary modes: road transport and rail transport.
The company recorded revenue from operations of Rs 85.82 crore and net profit of Rs 8.02 crore for the period ended 31 March 2025.