Iware Supplychain Services came to market through an SME IPO that opened on 28 April 2025 and closed on 30 April 2025, and the shares listed on 6 May 2025 on NSE SME. The price band was ₹95 per share and one lot was 1200 shares, so the minimum application was ₹1,14,000. The issue size was ₹27.13 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Limited was the registrar to the issue, and GetFive Advisors Private Limited was the lead manager.
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Established in 2018, iWare Supply Chain Services Limited is pan-India integrated logistics firm offering a variety of services such as warehousing (with third-party logistics (3PL) and carrying & forwarding agent operations), transportation, rake handling services, business auxiliary services, and rental income operating in various states in India such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi basically offering end-to-end supply chain management solutions through their wide network across the nation.
The company provides services across several states, such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, providing overall coverage and dependable service delivery.The company provides logistics assistance and solutions via its wide network and integrated services throughout India. As of January 2025, iWare's fleet has increased from 15 vehicles in the financial year 2022 to 47 vehicles, consisting of 15 units of 22-feet open-body trucks and the rest 32-feet containers.
iWare's large network serves FMCG, pharmaceuticals, retail, and e-commerce businesses.The company runs more than 100 BCN rakes every year, moving around 220,000 metric tons of goods every year. iWare has a large road fleet of 500 company-owned trucks and 10,000 more vehicles under partnership. It provides flexible transport options like Full Truck Load (FTL), Half Truck Load (HTL), and containerized services catering to various business requirements.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Krishnakumar Jagdishprasad Tanwar, Rajnish Gautam, India Roadways Private Limited. Promoter holding 100% before the issue and 73.35% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Iware Supplychain Services IPO was a ₹27.13 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹95 per share with a lot size of 1,200 shares (₹1,14,000). The IPO was open from April 28 to April 30, 2025. Shares listed on NSE SME on May 6, 2025 at ₹85.05, a 10.5% discount to the issue price of ₹95. Kfin Technologies Limited is the registrar. GetFive Advisors Private Limited is the book running lead manager.
The issue price of Iware Supplychain Services IPO is ₹95 per share (fixed price).
The lot size of Iware Supplychain Services IPO is 1200 shares.
The minimum investment for Iware Supplychain Services IPO is approximately ₹1,14,000 based on the issue price.
The allotment date of Iware Supplychain Services IPO is May 2, 2025.
You can check Iware Supplychain Services IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Iware Supplychain Services IPO allotment status on Rupix for quick and easy access.
₹95 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,14,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,14,000, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 28 April 2025 and closed on 30 April 2025.
The basis of allotment was published on 2 May 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 6 May 2025 on NSE SME.
The issue size was ₹27.13 crore. The fresh issue was 28,56,000 shares (aggregating up to ₹27.13 crore).