IPO Details
Bidding Dates
28 Apr 25 - 30 Apr 25
Lot Size
1200
Price Range ₹
Nil
Exchange Status
NSE
Total Equity
₹ 27.13Cr
IPO Doc
IPO Timeline
Listing
--
Offer start
28 Apr 2025
Offer end
30 Apr 2025
Allotment
02 May 2025
Refund initiation
05 May 2025
Demat transfer
05 May 2025
Listing
--
Offer start
28 Apr 2025
Offer end
30 Apr 2025
Allotment
02 May 2025
Refund initiation
05 May 2025
Demat transfer
05 May 2025
About Company
iWare Supply Chain Services Limited, incorporated in 2018, is a pan-India integrated logistics company offering end-to-end supply chain solutions. Its services include warehousing (3PL and CFA), transportation, rake handling, and rental operations across key states like Gujarat, Punjab, UP, Rajasthan, and Delhi. The company caters to FMCG, pharma, retail, and e-commerce sectors, operating over 100 rakes annually and moving 220,000 metric tons of goods. iWare has a fleet of 47 company-owned vehicles and access to 10,000+ partnered trucks, offering FTL, HTL, and containerized transport solutions. Backed by experienced promoters and a strong tech-driven approach, iWare is aligned with India’s logistics growth through strategic partnerships, multimodal capabilities, and expansion into Tier II and III cities.
Year Founded
17-01-2018
Promotor Details
Rajnish Gautam
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 73.35 |
| Share Capital | 7860000 | 7860000 |
Offer to Public
28,56,000.00 Cr
Project Details
- General Corporate Purpose - 38.677cr
- Funding Working capital requirements - 68cr
- Capital expenditure requirement for the construction of new industrial shed - 140.643cr
Objectives
- Funding the capital expenditure requirement for the construction of new industrial shedFunding Working capital requirementsGeneral Corporate Purpose
Highlights
- Broad geographical coverage across key Indian states ensures wide service reach and network strength.
- Offers end-to-end supply chain services including warehousing, transportation, rake handling, and business auxiliary services.
- Owns a sizable fleet and has access to over 10,000 vehicles through partnerships; operates 100+ BCN rakes and multiple warehouses.
- Utilizes digital tools for tracking, inventory, and route optimization, enhancing service efficiency and transparency.
- Works with major clients like Adani Wilmar, showing strong business credibility and consistent demand.
Challenges
- Faces intense competition from large players and local logistics firms offering lower prices or niche services.
- While expanding into Tier II and III cities, operational efficiency and demand consistency may be uncertain in those regions.
- Maintaining a large fleet and warehousing infrastructure requires continuous capital investments and high fixed costs.
- Subject to government policy shifts, fuel price fluctuations, and stricter environmental norms affecting fleet operations.
- A significant portion of revenue comes from logistics and warehousing; lack of diversification into high-margin or tech-enabled services may limit long-term scalability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 3,427.46 | 1.00 | 416.96 | 416.96 | 5.3048 |
| 2023 | 3,947.34 | 1.00 | 96.63 | 96.63 | 1.2294 |
| 2024 | 4,672.25 | 1.00 | 416.96 | 416.96 | 5.3048 |
