Iware Supplychain Services Limited made a weak debut on the NSE SME platform, listing 10.5% below its issue price. The stock continued to decline further after the listing.
Iware Supplychain Services Limited, a nationwide integrated logistics provider in India, made a subdued market debut on May 6, 2025, on the NSE SME platform. The stock listed at ₹85, which was a 10.52% discount from its IPO price of ₹95. Following this weak debut, the stock further slipped by 4.5%, reaching a low of ₹81.20, bringing its total decline to 14.52% from the issue price.
Iware Supplychain IPO Overview:
The IPO, valued at ₹27.13 crore, was open for subscription between April 28 and April 30, 2025. The issue was entirely a fresh offer of 28.56 lakh shares. Despite the discount in the listing price, the IPO saw moderate investor interest, with the overall subscription rate standing at 2.96 times. The retail investor portion was oversubscribed by 3.28 times, while the non-institutional investor (NII) portion was subscribed 2.65 times.
The company intends to use the proceeds from the IPO for capital expenditures, setting up a new industrial facility, meeting working capital requirements, and covering general corporate expenses.
About Iware Supplychain Services:
Established in 2018, Iware Supplychain Services is an integrated logistics company that provides a wide range of services such as warehousing, third-party logistics (3PL), carrying and forwarding agent functions, transportation, and rake handling services. The company operates across several key states in India, including Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, delivering comprehensive supply chain management solutions through a well-established network. Iware Supplychain also manages over 100 BCN rakes annually, transporting around 220,000 metric tons of goods each year.
