Iware Supplychain Services IPO opens for subscription: Check price band, lot size, objectives and key details

Iware Supplychain Services IPO: The initial public offering of logistics services provider Iware Supplychain Services opened for subscription on Monday, April 28. The issue, with a fixed IPO price of ₹95 per share, will conclude on April 30.

The initial share sale is solely a fresh issuance of 28,56,000 equity shares worth ₹27.13 crore.

The net proceeds are intended to be used to fund capital expenditure requirements for the construction of a new industrial shed, working capital needs, and general corporate purposes.

Iware Supplychain Services IPO: Lot size

For retail investors, the minimum investment size is one lot, or 1,200 shares worth ₹1,14,000. For high net-worth individuals, the least investment size is 2,400 shares worth ₹2,28,000.

The company has reserved half of the net offer for retail investors and the remaining for other investor categories.

Iware Supplychain Services IPO: Subscription, allotment, and listing date

GetFive Advisors Pvt Ltd is the issue's sole book-running lead manager, while KFin Technologies is the registrar.

About the company

Iware Supplychain Services is an integrated pan-India logistics firm, operating in five different types of services, namely warehousing, transportation, rake handling, and business auxiliary services.

The company operates 47 vehicles with national permits. It also facilitates rake handling services by hiring rail cargo for bulk transportation.

Iware Supplychain had posted a net profit of ₹4.17 crore in the financial year 2023-24, compared to ₹42 lakh in the previous fiscal year.

Revenue from operations stood at ₹58.77 crore in FY24, up from ₹43.72 crore in the previous year.

The company's promoters, Rajnish Gautam, Krishnakumar Jagdishprasad Tanwar, and Inter India Roadways Pvt Ltd, hold a 100% stake in the company, which will be reduced to 73.35% post-issue.