Latest news with #IwareSupplyChainServicesLimited
Mint
06-05-2025
- Business
- Mint
Iware Supplychain IPO makes weak debut: Lists at 10.5% discount to IPO price, slides further post-listing
Iware Supplychain Services IPO Listing: Iware Supplychain Services made a weak debut on the NSE SME platform on Tuesday, May 6, listing at ₹ 85 per share — a 10.52% discount to its issue price of ₹ 95. Despite weak listing, the stock continued to decline, slipping another 4.5% to hit a low of ₹ 81.20 apiece. It is currently trading 14.52% below its IPO price. The SME IPO, worth ₹ 27.13 crore, was open for subscription from April 28 to April 30, 2025, at a fixed price of ₹ 95 per share. The issue was entirely a fresh offer of 28.56 lakh shares. Investor response to the IPO remained subdued, with an overall subscription of 2.96 times. The non-institutional investor (NII) portion was subscribed 2.65 times, while the retail investor segment was booked 3.28 times. The company plans to utilize the net proceeds from the IPO for various purposes, including capital expenditure for setting up a new industrial facility, funding working capital requirements, and general corporate purposes. Established in 2018, Iware Supply Chain Services Limited is a nationwide integrated logistics provider in India, offering a diverse array of services, including warehousing (with third-party logistics (3PL) and carrying & forwarding agent functions), transportation, rake handling services, auxiliary business services, and rental income. The firm operates throughout various states, such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, effectively delivering comprehensive supply chain management solutions via their extensive network nationwide. The company provides services across several states, including Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, ensuring broad coverage and dependable service delivery. Iware Supply Chain Services Limited delivers logistics support and solutions through its broad network and integrated services across the Indian subcontinent. The firm manages over 100 BCN rakes each year, facilitating the transport of about 220,000 metric tons of goods annually. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions. First Published: 6 May 2025, 10:27 AM IST
Mint
24-04-2025
- Business
- Mint
Upcoming IPO: Iware Supplychain Services IPO opens on April 28; issue price band set at ₹95 apiece; check GMP
Upcoming IPO: Iware Supplychain Services Limited IPO will open for subscription on Monday, April 28 and close on Wednesday, April 30. Iware Supplychain Services IPO price band has been fixed at ₹ 95 per equity share of face value of ₹ 10 each. Bids can be made for a minimum of 1,200 equity shares and in multiples of 1,200 equity shares thereafter. Established in 2018, Iware Supply Chain Services Limited is a nationwide integrated logistics provider in India, offering a diverse array of services, including warehousing (with third-party logistics (3PL) and carrying & forwarding agent functions), transportation, rake handling services, auxiliary business services, and rental income, operating. The firm operates throughout various states such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, effectively delivering comprehensive supply chain management solutions via their extensive network nationwide. The company provides services across several states, including Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, ensuring broad coverage and dependable service delivery. Iware Supply Chain Services Limited delivers logistics support and solutions through its broad network and integrated services across the Indian subcontinent. The firm manages over 100 BCN rakes each year, facilitating the transport of about 220,000 metric tons of goods annually. As per the red herring prospectus (RHP), the company's listed peers are Pranik Logistics Limited (with a P/E of 12.73), and Shreeji Translogistics Limited (with a P/E of 16.74). Iware Supplychain Services IPO consists of a fresh issue of 28,56,000 equity shares, aggregating to ₹ 27.13 crore. There's no offer for sale (OFS) component. Iware Supplychain Services IPO plans to use the net proceeds from the offering for various purposes, including the capital expenses needed for building a new industrial facility; financing working capital needs; and general corporate purposes. GetFive Advisors Private Limited serves as the book-running lead manager for the Iware Supplychain Services IPO, and Kfin Technologies Limited is responsible for the registrarial duties related to the issue. The market maker for the Iware Supplychain Services IPO is Smc Global Securities Ltd. Iware Supplychain Services IPO GMP today or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 95 with no premium or discount in the grey market according to 'Grey market premium' indicates investors' readiness to pay more than the issue price.
Mint
24-04-2025
- Business
- Mint
Upcoming IPO: Iware Supplychain Services IPO opens on April 28; issue price band set at ₹95 apiece; check GMP
Upcoming IPO: Iware Supplychain Services Limited IPO will open for subscription on Monday, April 28 and close on Wednesday, April 30. Iware Supplychain Services IPO price band has been fixed at ₹ 95 per equity share of face value of ₹ 10 each. Bids can be made for a minimum of 1,200 equity shares and in multiples of 1,200 equity shares thereafter. Established in 2018, Iware Supply Chain Services Limited is a nationwide integrated logistics provider in India, offering a diverse array of services, including warehousing (with third-party logistics (3PL) and carrying & forwarding agent functions), transportation, rake handling services, auxiliary business services, and rental income, operating. The firm operates throughout various states such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, effectively delivering comprehensive supply chain management solutions via their extensive network nationwide. The company provides services across several states, including Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, ensuring broad coverage and dependable service delivery. Iware Supply Chain Services Limited delivers logistics support and solutions through its broad network and integrated services across the Indian subcontinent. The firm manages over 100 BCN rakes each year, facilitating the transport of about 220,000 metric tons of goods annually. As per the red herring prospectus (RHP), the company's listed peers are Pranik Logistics Limited (with a P/E of 12.73), and Shreeji Translogistics Limited (with a P/E of 16.74). Iware Supplychain Services IPO consists of a fresh issue of 28,56,000 equity shares, aggregating to ₹ 27.13 crore. There's no offer for sale (OFS) component. Iware Supplychain Services IPO plans to use the net proceeds from the offering for various purposes, including the capital expenses needed for building a new industrial facility; financing working capital needs; and general corporate purposes. GetFive Advisors Private Limited serves as the book-running lead manager for the Iware Supplychain Services IPO, and Kfin Technologies Limited is responsible for the registrarial duties related to the issue. The market maker for the Iware Supplychain Services IPO is Smc Global Securities Ltd. Iware Supplychain Services IPO GMP today or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 95 with no premium or discount in the grey market according to 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision. First Published: 24 Apr 2025, 01:53 PM IST
