Iware Supplychain Services IPO is an SME public issue aiming to raise ₹27.13 crore through a fresh issue of 28.56 lakh shares at ₹95 per share. Incorporated in 2018, Iware is a nationwide logistics provider offering warehousing, transportation, and business support services across several Indian states. The company operates a large fleet, serving clients from FMCG, auto components, and sanitaryware sectors, and has shown strong financial growth with rising revenue and profits.
₹00
₹95
₹85.05
Expert Opinions
The market sentiment around Iware Supplychain Services IPO appears optimistic, driven by the growing demand for efficient supply chain and logistics solutions in India’s rapidly evolving commerce ecosystem. Strengths include a pan-India network across Gujarat, UP, and Rajasthan, a diversified service portfolio (warehousing, 3PL, transportation), and robust financial growth (PAT surged to ₹8.02 crore in FY2025 from ₹0.42 crore in FY2023).
Risks involve reliance on third-party vehicles, leased premises, fuel price volatility, and high borrowings. Valuation analysis for FY2024 shows a Return on Equity (ROE) of 58.52% and Return on Capital Employed (ROCE) of 30.34%, reflecting efficient capital utilization, alongside a Net Asset Value (NAV) of ₹20.59 per share. Long-term prospects depend on leveraging India’s logistics demand (10-12% CAGR), driven by e-commerce and manufacturing growth.
Investor Considerations
Investors considering the Iware Supplychain Services IPO should note the company’s solid performance and strong fundamentals, marked by consistent revenue growth and efficient operations. Sector Outlook remains robust, driven by India’s logistics sector (14.4% of GDP) and government reforms, with demand projected at 10-12% CAGR due to e-commerce and manufacturing growth. IPO Valuation for FY2024 shows a Price to Book Value of 4.61x, PAT Margin of 9.34%, and Debt/Equity ratio of 1.84, indicating moderate leverage and profitability. The ₹95/share pricing hinges on execution of expansion plans, including a ₹14.06 crore industrial shed in Gujarat.
Growth Prospects include scaling operations, strengthening client relationships, and leveraging a diversified fleet (500 owned trucks + 10,000 partnered vehicles). Risk Factors involve reliance on third-party vehicles, leased premises, fuel price volatility, and client concentration. From an investment horizon perspective, while short-term volatility may occur post-listing, the company’s fundamentals and sector potential make it more attractive for long-term investors seeking consistent capital appreciation.
| Date | GMP | Trend |
|---|---|---|
| 05 May 2025 18.25 | ₹00 | --- |
| 04 May 2025 12.06 | ₹00 | --- |
| 03 May 2025 15.09 | ₹00 | --- |
| 02 May 2025 11.08 | ₹00 | --- |
| 01 May 2025 11.20 | ₹00 | --- |
| 30 Apr 2025 10.30 | ₹00 | --- |
| 29 Apr 2025 10.13 | ₹00 | --- |
| 28 Apr 2025 20.49 | ₹00 | --- |
FAQs
The Grey Market Premium showed moderate accuracy in predicting Iware Supplychain Services’ listing sentiment, though missed the magnitude. While the GMP of ₹0 suggested weak market enthusiasm with a flat listing, the stock actually listed at a significant discount of 10.47%. With a prediction error of 10.47%, the GMP correctly indicated negative market sentiment but failed to capture the full extent of the downside, demonstrating partial reliability as a sentiment indicator in this case.
Iware Supplychain Services IPO Current GMP is ₹00.
Iware Supplychain Services IPO Expected Returns is 0.00%.
Iware Supplychain Services IPO estimated listing price is ₹95.