Iware Supplychain Services Limited is launching its Iware Supplychain Services Limited IPO on the NSE Emerge platform. Below are the comprehensive details:
Iware Supplychain Services Limited IPO Overview
- Opening Date: April 28, 2025
- Closing Date: April 30, 2025
- IPO Type: SME Fixed Price Issue
- Exchange: NSE Emerge
- Issue Size: 28,56,000 equity shares
- Face Value: ₹10 per share
- Issue Price: ₹95 per share
- Total Issue Amount: Approximately ₹27.13 crore
- Offer for Sale (OFS): None (entirely a fresh issue)
- Retail Allocation: 50%
- Market Maker Reservation: 1,44,000 shares
- IPO Allotment Date: May 2, 2025
- IPO Listing Date: May 6, 2025
Promoters of Iware Supplychain Services Limited
Krishnakumar Jagdishprasad Tanwar
- Position: Director
- DIN: 03494825
- Appointment Date: January 17, 2018
- Professional Background: Mr. Tanwar has over 20 years of experience in the logistics industry. He has been growth and expansion of Iware Supplychain Services Limited. Additionally, he holds directorship positions in other companies, including Edisafe Logistics Private Limited and Swyftmedia Productions Private Limited.
Rajnish Gautam
- Position: Director
- DIN: 03494830
- Appointment Date: January 17, 2018
- Professional Background: Mr. Gautam also brings over 20 years of experience in the logistics sector. He has played a significant role in shaping the company’s strategic direction. He serves as a director in several other companies, such as Petco Metal Products Private Limited and OshoJ World Trade Private Limited.
Inter India Roadways Private Limited
- Role: Corporate Promoter
- CIN: U63090GJ2011PTC065496
- Incorporation Date: May 18, 2011
- Relationship with Iware: Inter India Roadways Private Limited is a corporate promoter of Iware Supplychain Services Limited. It shares common directors with Iware, namely Mr. Krishnakumar Jagdishprasad Tanwar and Mr. Rajnish Gautam. The company has a substantial presence in the logistics industry and has contributed to the growth and development of Iware.
These promoters have collectively leveraged their extensive experience in the logistics sector to establish and expand Iware Supplychain Services Limited into a pan-India integrated logistics company.
Iware Supplychain Services Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Minimum) | 1 | 1,200 | ₹1,14,000 |
| Retail (Maximum) | 1 | 1,200 | ₹1,14,000 |
| HNI (Minimum) | 2 | 2,400 | ₹2,28,000 |
Investors can apply in multiples of the lot size. For instance, applying for two lots would require an investment of ₹228,000 (2 × 1,200 × ₹95).
Please note that SME IPOs typically have higher lot sizes and minimum investment amounts compared to mainboard IPOs. This structure is designed to attract serious investors and ensure adequate participation.
Iware Supplychain Services Limited IPO Promoter Holding
As of October 31, 2024, the shareholding pattern of Iware Supplychain Services Limited is as follows:
Shareholding Pattern (Pre-IPO)
| Category | Shareholder Name | Number of Shares | % of Total Capital |
|---|---|---|---|
| Promoters | Inter India Roadways Pvt. Ltd. | 78,55,284 | 99.94% |
| Krishnakumar Jagdishprasad Tanwar | 786 | 0.01% | |
| Rajnish Gautam | 786 | 0.01% | |
| Promoter Group | Twinkle Tanwar | 786 | 0.01% |
| Jagadish | 786 | 0.01% | |
| Kanta Krishnakumar Tanwar | 786 | 0.01% | |
| Taruna Gautam | 786 | 0.01% | |
| Total | 78,60,000 | 100.00% |
Promoter Holding (Pre and Post IPO)
| Holding Type | % of Total Equity |
|---|---|
| Pre-IPO | 100.00% |
| Post-IPO | 73.35% |
Post-IPO, the promoters will retain a 73.35% stake in the company, with the remaining 26.65% being offered to the public.
About Iware Supplychain Services Limited
Iware Supplychain Services Limited is a logistics company headquartered in Ahmedabad, Gujarat. Established in January 2018, the company is part of the Inter India Group and offers a comprehensive suite of logistics services across various industries.
Company Overview
- Founded: January 17, 2018
- Headquarters: Ahmedabad, Gujarat, India
- Corporate Identity Number (CIN): U63090GJ2018PLC100589
- Website: iware.co.in
- Company Type: Public Limited Company
- Industry: Transportation, Logistics, Supply Chain, and Storage
- Employee Strength: Approximately 188 employees as of FY2023
Services Offered
Warehousing & 3PL Services: Offering third-party logistics solutions and carrying & forwarding agent operations.
- Transportation: Providing multimodal transport solutions, including road and rail logistics.
- Rake Handling Services: Managing the handling of railway rakes for efficient cargo movement.
- In-Plant Logistics: Offering outsourced processes and manpower for in-plant logistics operations.
- Business Auxiliary Services: Providing additional services to support core logistics operations.
- Rental Income: Generating revenue through the rental of logistics infrastructure.
The company’s operations span multiple states, including Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, ensuring comprehensive coverage and reliable service delivery .
Leadership Team
- Chairman: Rajnish Gautam
- Managing Director: Krishnakumar Jagdishprasad Tanwar
- Chief Executive Officer (CEO): Twinkle Tanwar
- Chief Financial Officer (CFO): Gagan Verma
- Company Secretary: Shweta Sharma
Corporate Structure
- Authorized Capital: ₹12.50 crore
- Paid-Up Capital: ₹7.86 crore
- Open Charges: ₹30.72 crore (as of February 26, 2025)
- Satisfied Charges: ₹15.10 crore (as of February 26, 2025)
Operational Footprint
Iware operates through a network of business offices and logistics facilities across various Indian states, including:
- Gujarat
- West Bengal
- Uttar Pradesh
- Rajasthan
- Punjab
- Haryana
- Delhi
This extensive presence enables the company to offer seamless logistics solutions across the country .
Iware Supplychain Services Limited IPO Financial Highlights
| Fiscal Year | Revenue (₹ Cr) | Net Profit (₹ Cr) | EPS (₹) | RONW (%) | Debt/Equity | EBITDA Margin (%) |
|---|---|---|---|---|---|---|
| FY 2022 | 24.35 | 0.97 | 1.23 | 27.03 | 6.51 | 12.42 |
| FY 2023 | 43.55 | 0.42 | 0.54 | 10.58 | 6.84 | 14.29 |
| FY 2024 | 58.71 | 4.17 | 5.30 | 51.05 | 3.10 | 18.52 |
| 7M FY 2025 | 36.97 | 3.05 | — | — | — | — |
- Revenue Growth: 79.06% increase compared to the previous year.
- Profit Growth: Decline of 55.03% from the previous fiscal year.
- EBITDA Growth: 101.58% increase, indicating improved operational efficiency.
- Net Worth Growth: 13.43% increase, reflecting strengthened financial position.
- Total Assets Growth: 12.35% increase, showcasing asset base expansion.
Key Performance Indicators (KPIs)
| KPI | FY 2023 | FY 2024 | YoY Growth (%) |
|---|---|---|---|
| Total Revenue | ₹117.68 Cr | ₹160.73 Cr | 36.54% |
| Profit After Tax (PAT) | ₹0.42 Cr | ₹4.17 Cr | 892.86% |
| EBITDA | ₹1.46 Cr | ₹5.17 Cr | 254.79% |
| Net Worth | ₹9.17 Cr | ₹13.62 Cr | 48.53% |
| Debt-to-Equity Ratio | 6.84 | 3.10 | -54.68% |
| Return on Net Worth (RONW) | 10.58% | 51.05% | 382.52% |
| EBITDA Margin (%) | 14.29% | 18.52% | 29.64% |
Operational Highlights
- Fleet Expansion: Increased from 15 vehicles in FY 2022 to 47 vehicles in FY 2024, comprising 15 open-body trucks and 32 container vehicles.
- Warehousing Capacity: Managing over 3.5 lakh sq. ft. of warehousing space across India.
- Technology Integration: Implementation of SAP/ERP/WMS systems and mobile-app enabled real-time tracking.
- Certifications: ISO 9001:2015 certified, ensuring adherence to quality management standards.
Objects of the Issue of Iware Supplychain Services Limited IPO
- Funding Capital Expenditure: To finance the purchase of new vehicles and equipment, enhancing the company’s logistics and transportation capabilities.
- Working Capital Requirements: To meet the day-to-day operational expenses and ensure smooth business operations.
- General Corporate Purposes: To address other corporate needs, including potential strategic initiatives, brand building, and administrative expenses.
- Issue Expenses: To cover the costs associated with the IPO process, such as underwriting fees, legal expenses, and other related charges.
Strengths of Iware Supplychain Services Limited IPO
- Strong Financial Growth: The company has demonstrated significant financial growth, with a 47% increase in revenue and a 92% rise in profit after tax (PAT) between FY 2023 and FY 2024.
- Diverse Service Offerings: Iware provides a comprehensive range of logistics services, including warehousing, transportation, rake handling, and business auxiliary services, catering to various industries such as FMCG and auto components.
- Geographical Expansion: The company has expanded its operations across multiple states in India, enhancing its market reach and operational capabilities.
- Experienced Management Team: Led by seasoned professionals with extensive experience in the logistics sector, the management team is well-equipped to drive the company’s growth and navigate industry challenges.
Risks of Iware Supplychain Services Limited IPO
- High Debt Levels: The company has a high debt-to-equity ratio, which may pose financial risks and affect its ability to raise additional capital.
- Dependence on Key Clients: A significant portion of revenue is derived from a few key clients, making the company vulnerable to changes in these clients’ business conditions or relationships.
- Regulatory Challenges: Operating in the logistics sector exposes the company to various regulatory requirements and compliance risks, which could impact its operations.
- Market Competition: The logistics industry is highly competitive, with numerous players vying for market share, which could pressure margins and growth prospects.
Iware Supplychain Services Limited Contact Details
Registered Office
Iware Supplychain Services Limited
Office No. 707, 7th Floor
ISCON Elegance, Nr. Jain Temple
Prahladnagar Cross Road, S.G. Highway
Ahmedabad – 380051, Gujarat, India
Contact Information
- Phone: +91 79661 68548
- Mobile: +91 95124 70099
- Email (General Inquiries): info@iware.co.in
- Email (Investor Grievances): compliance.officer@iware.co.in
Registrar and Share Transfer Agent (RTA)
- Company: KFin Technologies Limited
- Address: Selenium Tower B, Plot No. 31-32, Gachibowli, Nanakramguda, Serilingampally, Hyderabad – 500032, Telangana, India
- Website: www.kfintech.com
- Email (Investor Grievances): einward.ris@kfintech.com
Website and Social Media
- Website: www.iware.co.in
- Facebook: facebook.com/iwarelogistics
- Instagram: instagram.com/iwarelogistics
- Twitter: twitter.com/iwarelogistics
- LinkedIn: linkedin.com/company/iwarelogistics
- WhatsApp: Click to Chat
Iware Supplychain Services IPO Registrar
KFin Technologies Limited
Selenium Tower B, Plot No. 31 & 32
Financial District, Nanakramguda
Serilingampally, Hyderabad – 500032
Tel No.: +91 40 6716 2222 / 1800 309 4001
Email: investor.ipo@maashitla.com
Website: www.kfintech.com
KFin Technologies is a leading registrar and transfer agent in India, providing services to various financial institutions and corporate clients. They manage investor-related services such as application processing, allotment, refunds, and demat credit for IPOs.
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