Latest news with #IwareSupplychainServices
Business Standard
06-05-2025
- Business
- Business Standard
NSE SME Iware Supplychain Services slides on debut
Shares of Iware Supplychain Services was trading at Rs 87 on the NSE, a discount of 8.42% compared with the issue price of Rs 95. The scrip was listed at 85.05, a discount of 10.47% over the initial public offer (IPO) price. The stock was currently up 2.29% over its listing price. The counter hit a high of Rs 89.25 and a low of Rs 80.80. About 6.55 lakh shares of the company changed hands at the counter. Iware Supplychain Services' IPO was subscribed 2.86 times. The issue opened for bidding on 28 April 2025 and it closed on 30 April 2025. The price of the IPO was set at Rs 95 per share. The IPO comprised a fresh issue of 28,56,000 equity shares. The promoter and promoter group shareholding diluted to 73.35% from 100% pre-issue. 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 Supplychain 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.
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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.
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
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
02-05-2025
- Business
- Business Standard
Trade set-up, May 2: Here are 5 factors that will drive Sensex, Nifty today
Stock Market Today, Friday, May 2, 2025: Developments in India and Pakistan response to the Pahalgam terror attack, macroeconomic data, and Q4 results will drive the stock markets today, May 2, 2025. That apart, foreign investors' steady but declining pace of purchase of the Indian equities, coupled with other global cues will sway the markets. At 7:15 AM, GIFT Nifty was up 14 points at 24,433 level. Stock Market Recap, April 30: During the last trading session on April 30, the BSE Sensex ended at 80,242, lower by 46 points or 0.06 per cent, while the NSE Nifty50 lost barely 2 points or 0.01 per cent to close at 24,334. FII/FPIs bought Indian shares worth ₹50.57 crore on Wednesday, while DIIs bought shares worth ₹1,792.15 crore. Stock Market Prediction Today; Factors that will affect Sensex, Nifty today: Pahalgam Terror Attack: There has been no major escalation in Indo-Pak tensions over the past few days. India, on its part, has "strongly objected" to Pakistan's consistent ceasefire violations a cross the Line of Control (LoC) during a call between senior army officials of both countries. On Thursday, Union Home Minister Amit Shah asserted that the government would pursue every individual responsible for the Pahalgam attack. " No one will be spared," he warned. Meanwhile, the US has urged India and Pakistan to work together to "de-escalate tensions" in the South Asian region, while expressing support to India in its "right to defend" itself. Manufacturing PMI: The HSBC Manufacturing PMI data for April is scheduled to be released today. Preliminary data for the month showed that the private sector output grew at its fastest pace in eight months in April. The HSBC Flash India Composite PMI, compiled by S&P Global, improved to 60.0 from 59.5 in March. The Manufacturing Flash PMI rose to 58.4 in April from 58.1 in March. Q4 Results Today, May 2: City Union Bank, Godrej Properties, Indian Overseas Bank, Latent View Analytics, Parag Milk, RR Kabel, PNB Gilts, and V-Mart Retail are among the major companies set to report their Q4 results today. A total of 37 companies are set to report their March quarter earnings on Friday. On Saturday, 22 companies will report their Q4FY25 results, including Avenue Supermarts (D-Mart), Kotak Mahindra Bank, and State Bank of India (SBI). Analysts expect SBI to report a weak Q4 with a sharp decline in net profit expected. IPOs Today: The basis of allotment for Ather Energy IPO will be finalised today. The IPO closed on April 30 with a final subscription of 1.4 times. Meanwhile, in the SME category, the IPO allotment of Iware Supplychain Services will be finalised today. The Iware Supplychain Services IPO closed with a subscription of around 3x. Among the ongoing IPOs, Kenrik Industries IPO and Arunaya Organics IPO will enter their Day 3 of the subscription, while Wagons Learning IPO will open for subscription today. Global Triggers: In the global markets, Korea will release its inflation, and Manufacturing PMI data for April, Japan will report its Unemployment data for March, France will report its April Manufacturing PMI data, and the Euro zone will announce April core inflation data. Ahead of this, Australia's S&P/ASX 200 increased 0.5 per cent, Japan's Nikkei 225 increased 1.24 per cent, and South Korea's Kospi index was flat. Meanwhile, China is said to be "evaluating" US overtures to initiate trade negotiations. Markets in China are closed today. Overnight, the Dow Jones Industrial Average climbed 0.21 per cent, the S&P 500 added 0.63 per cent, and the Nasdaq Composite increased 1.52 per cent amid the ongoing earnings season. Stock Market Outlook; key levels to watch on Sensex, Nifty today: According to Nandish Shah, deputy vice president at HDFC Securities, the trend in the Nifty index is bullish as it has held all the key moving averages. Immediate support for the Nifty is placed at 24,150, followed by 23,870. On the higher side, 24,450-24,500 band may act as a significant resistance level. Meanwhile, analysts at Bajaj Broking Research believe the Nifty could consolidate in the range of 24,550-23,800. The current consolidation, they said, will help the index come out of the 'overbought' zone. Stocks to Watch Today, May 2, 2025: Auto stocks: Shares of automobile companies will be in focus today after they began releasing April sales data. So far, Eicher Motors, M&M, SML Isuzu, Maruti Suzuki, Atul Auto, TVS Motor Company, and Tata Motors have released their monthly sales data. Q4 result reaction: Adani Enterprises, Adani Ports, Indus Towers, Eternal (Zomato), Nuvoco Vistas, Jindal Steel and Power, MOIL, Home First Finance, Godrej Agrovet, JSW Infrastructures, The Phoenix Mills, Sona BLW, Paras Defence and Space Technologies, Federal Bank, and Bandhan Bank.
