Latest news with #IwareSupplychain
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Business Standard
06-05-2025
- Business
- Business Standard
Iware Supplychain lists at 10% discount on NSE SME, misses GMP estimates
Iware Supplychain IPO listing today: Shares of integrated logistics company Iware Supplychain Services made a muted debut on the NSE SME platform on May 6. Iware Supplychain shares listed at ₹85.05 per share on the NSE, reflecting a discount of ₹9.95 per share or 10 per cent against the issue price of ₹95 per share. Iware Supplychain listing was below the grey market expectations. Ahead of the listing, the unlisted shares of Iware Supplychain were trading at ₹97 per share, commanding a grey market premium (GMP) of ₹2 or 2.11 per cent over the issue price, according to sources tracking unofficial market activity. Iware Supplychain IPO details The ₹27.13 crore SME IPO comprises an entirely fresh issue of 2.85 million shares. There is no offer for sale (OFS) component. The public issue opened for subscription on Monday, April 28, 2025, and ended on Wednesday, April 30, 2025. The basis of allotment of shares was finalised on Friday, May 2, 2025. The issue received a decent response from investors, getting oversubscribed by 2.96 times. The retail investors portion was oversubscribed by 3.28 times, followed by non-institutional investors (NIIs) at 2.65 times. Kfin Technologies is the registrar of the issue. GetFive Advisors is the sole book-running lead manager. According to the red herring prospectus (RHP), the company aims to utilise ₹14.06 crore from the net issue proceeds for setting up an industrial shed at Chadvada Bhachau, Kutch, Gujarat and ₹6.80 crore to meet working capital requirements. The remaining funds will be used for general corporate purposes. About Iware Supplychain Services Incorporated in 2018, Iware Supplychain Services offers pan-India logistics services including warehousing, transportation, rake handling services, business auxiliary services and rental income. The company operates through its various offices located in the states of Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana and Delhi. It owns a fleet of 47 vehicles, each with a National Permit. It serves clients across industries including FMCG, auto components, sanitary ware etc. In the fiscal year 2024-25 (FY25), Iware Supplychain Services' revenue from operations grew 46 per cent year-on-year (Y-o-Y) to ₹85.82 crore from ₹58.7 crore in FY24. It reported a profit after tax (PAT) of ₹8.01 crore in FY25, up 92 per cent from ₹4.16 crore in the previous fiscal.
Time of India
06-05-2025
- Business
- Time of India
Iware Supplychain shares to list today. GMP suggests muted listing ahead
Iware Supplychain Services will make its stock market debut today on the BSE SME platform . Ahead of its listing, the company was commanding a modest grey market premium (GMP) of Rs 2 per share, indicating muted but positive listing expectations. The IPO, which aimed to raise Rs 27 crore through a fresh issue of 28.56 lakh shares, was subscribed just 3 times. The tepid interest in the IPO was in line with modest responses most of the SME issues received this year. Company overview Incorporated in 2011, Ahmedabad-headquartered Iware Supplychain is an integrated logistics player offering warehousing, third-party logistics (3PL), transportation, rake handling, and auxiliary manufacturing services. It manages over 8 lakh square feet of warehousing space across Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi. The company also owns a fleet of 47 vehicles and operates business auxiliary services such as sub-assembly for OEMs at its Karsanpura facility in Gujarat. With a client list spanning FMCG, edible oil, and home appliances, Iware positions itself as a one-stop supply chain partner for pan-India operations. Financials For the year ended March 2025, Iware posted revenues of Rs 85.82 crore and a profit after tax of Rs 6.02 crore, reflecting a steady growth trajectory. The company reported a PAT margin of 7%, with a low debt-to-equity ratio of 0.38x. However, nearly 36% of its operational revenue was spent on lorry hire charges, highlighting a cost-intensive business model. Its geographic concentration -- with over 67% of revenues coming from Gujarat -- could pose risks in the event of regional slowdowns. Moreover, with 41% of total expenses tied to lorry hire, any spike in fuel or freight costs may hurt margins. While the warehousing and logistics sector continues to attract investor interest due to policy support and sectoral tailwinds, Iware's reliance on regional contracts, rising operational costs, and modest subscription figures suggest the stock may see a flat to modest premium on debut.
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Business Standard
30-04-2025
- Business
- Business Standard
Iware Supplychain IPO Day 3 update; check subscription, GMP, key dates
Iware Supplychain IPO day 3 update: The initial public offering (IPO) of Iware Supplychain Services which opened for subscription on Monday, April 28, 2025, has received a muted response from investors as it failed to reach the 100 per cent subscription mark on day 2 as well. As of 10:08 AM on Wednesday, day 3 of subscription, the has been subscribed 96 per cent, according to data from the NSE SME platform. The three-day subscription window for the SME IPO will close today, April 30. The quota booked for retail investors was subscribed 1.25 times The portion reserved for non-institutional investors (NII) was booked 0.65 times. Iware Supplychain IPO GMP The unlisted shares of Iware Supplychain Services were trading flat at ₹95, the issue price, in the grey market on day 3 of subscription, according to sources tracking unofficial markets. Iware Supplychain IPO details Iware Supplychain Services IPO is a fresh issue of 2.85 million equity shares to raise ₹27.13 crore. There is no offer-for-sale (OFS) component. According to the red herring prospectus (RHP), the basis of the allotment of shares is likely to be finalised on or before Friday, May 2, 2025. Shares of Iware Supplychain Services are scheduled to be listed on the NSE SME platform tentatively on Tuesday, May 6, 2025. The company has fixed the price at ₹95 per equity share. Retail investors require a minimum investment amount of ₹1,14,000 to subscribe for a minimum one lot comprising 1,200 shares. High-net-worth individuals (HNIs) can bid for a minimum of two lots consisting of 2,400 shares with a minimum investment amount of ₹2,28,000. KFin Technologies is the registrar of the issue while Getfive Advisors is the sole book-running lead manager for the issue. From the net fresh issue proceeds, the company aims to utilise ₹14.06 crore for setting up an industrial shed at Chadvada Bhachau, Kutch, Gujarat and ₹6.80 crore to meet working capital requirements. The remaining funds will be used for general corporate purposes, as per the RHP. About Iware Supplychain Services Incorporated in 2018, Iware Supplychain Services is a pan-India logistics services provider. It mainly operates in five different types of services including warehousing and carrying & forwarding, transportation, rake handling services, business auxiliary services and rental income. It has various business offices situated in the states of Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana and Delhi. The company operates a fleet of 47 vehicles, each with a National Permit, enabling unrestricted movement across different regions of India.
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Business Standard
29-04-2025
- Business
- Business Standard
Iware Supplychain IPO Day 2 update; check subscription, GMP, listing date
Iware Supplychain IPO day 2 updates: The initial public offering (IPO) of Iware Supplychain Services which opened for subscription on Monday, April 28, 2025, has received a muted response from investors so far. The issue was subscribed only 0.54 times, as of 11:44 AM on Tuesday, day 2 of the offering, according to data from the NSE SME platform. The portion reserved for retail investors was subscribed 0.82 times The quota reserved for qualified institutional buyers (QIBs) and non-institutional investors (NII) was booked 0.2 times. Iware Supplychain IPO details The company plans to raise ₹27.13 crore through a fresh issue of 2.85 million equity shares. There is no offer-for-sale (OFS) component. The SME IPO will close for subscription on Wednesday, April 30, 2025. The basis of the allotment of shares is expected to be finalised on or before Friday, May 2, 2025. Shares of Iware Supplychain Services are scheduled to be listed on the NSE SME platform tentatively on Tuesday, May 6, 2025. The company has set the price the price at ₹95 per equity share. Retail investors can bid for a minimum of one lot consisting of 1,200 shares with an investment amount of ₹1,14,000. The minimum investment required for high-net-worth individuals (HNIs) is ₹2,28,000 for two lots of 2,400 equity shares. ALSO READ | KFin Technologies is the registrar of the issue. Getfive Advisors is the sole book-running lead manager for the issue. According to the red herring prospectus (RHP), the company plans to use ₹14.06 crore from the net issue proceeds for setting up an industrial shed at Chadvada Bhachau, Kutch, Gujarat and ₹6.80 crore to meet working capital requirements. The remaining funds will be used for general corporate purposes. Iware Supplychain IPO GMP On day 2 of the subscription, the unlisted shares of Iware Supplychain Services were trading flat at ₹95, the upper price band, according to sources tracking unofficial market activities. ALSO READ | About Iware Supplychain Services Iware Supplychain Services, incorporated in 2018, offers pan-India logistics services including warehousing, transportation, rake handling services, business auxiliary services and rental income. The company's offices are situated in the states of Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana and Delhi. It operates a fleet of 47 vehicles, each with a National Permit. It handles clients across industries including FMCG, auto components, sanitary ware etc.
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Business Standard
28-04-2025
- Business
- Business Standard
Iware Supplychain Services IPO opens today; check GMP, lot size, key dates
The initial public offering (IPO) of integrated logistics company Iware Supplychain Services opens for subscription today, April 28, 2025. The Gujarat-based company aims to raise ₹27.13 crore through a fresh issue of 2.85 million equity shares. The company has reserved around 50 per cent of the issue for retail investors and the remaining 50 per cent for qualified institutional buyers (QIBs) and non-institutional investors (NIIs). Iware Supplychain Services IPO price band, lot size The company has fixed the price at ₹95 per share, with a face value of ₹10 per share. The minimum lot size for an application is 1,200 shares. A retail investor would require a minimum investment amount of ₹1,14,000 to bid for one lot. The minimum investment required for high-net-worth individuals (HNIs) is ₹2,28,000 for two lots. Iware Supplychain Services IPO key dates The three-day subscription window will tentatively close on Wednesday, April 30, 2025. The basis of allotment will be finalised on Friday, May 2, 2025, according to the red herring prospectus (RHP). Shares of Iware Supplychain are likely to be listed on the NSE Emerge, SME platform of NSE, on Tuesday, May 6, 2025, Iware Supplychain Services IPO registrar lead manager Iware Supplychain Services IPO GMP Ahead of the opening, the unlisted shares of Iware Supplychain Services were trading flat at ₹95 each, which is also the IPO price, according to sources tracking unofficial market activities. Also Read Iware Supplychain Services IPO objective From the net proceeds, the company aims to utilise ₹14.06 crore for setting up an industrial shed at Chadvada Bhachau, Kutch, Gujarat and ₹6.80 crore to meet working capital requirements. The remaining funds will be used for general corporate purposes. About Iware Supplychain Services Incorporated in 2018, Iware Supplychain Services is an integrated pan-India logistics company primarily operating in five different types of services including warehousing, transportation, rake handling services, business auxiliary services and rental income. The company operates through various business offices situated in the states of Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana and Delhi. The company owns a fleet of 47 vehicles, each with a National Permit. It operates with clients across industries like FMCG, auto components, sanitary ware etc. ALSO READ | Iware Supplychain Services financial overview In the fiscal year 2024-25 (FY25), Iware Supplychain Services' revenue from operations grew 46 per cent year-on-year (Y-o-Y) to ₹85.82 crore from ₹58.7 crore in FY24. It reported a profit after tax (PAT) of ₹8.01 crore in FY25, up 92 per cent from ₹4.16 crore in the previous fiscal.
