India-based logistics provider Iware Supplychain Services Limited is launching its IPO on April 28, 2025, with a price band of ₹95 per share. The IPO will raise ₹27.13 crore to support capital expenditure and working capital. The firm operates a wide logistics network across India, offering warehousing, transportation, and supply chain management solutions.
Iware Supplychain Services Limited, a logistics solutions company headquartered in India, will launch its Initial Public Offering (IPO) on April 28, 2025, with the subscription window closing on April 30, 2025. The company has fixed the IPO price band at ₹95 per equity share, aiming to raise approximately ₹27.13 crore through the issuance of 28,56,000 new shares.
Founded in 2018, Iware Supplychain Services Limited offers end-to-end logistics services across major Indian states including Uttar Pradesh, Rajasthan, Punjab, Haryana, Delhi, Gujarat, and West Bengal. The company specializes in warehousing (including third-party logistics and carrying & forwarding services), transportation, rake handling, and auxiliary business services. It also generates rental income through its logistics assets.
The proceeds from the IPO will be allocated toward building a new industrial facility, meeting working capital requirements, and covering general corporate expenses. Notably, the IPO includes only a fresh issue—there is no offer for sale component.
The issue is being managed by GetFive Advisors Private Limited as the book-running lead manager, while Kfin Technologies Limited will act as the registrar. SMC Global Securities Ltd. has been appointed the market maker for the offering.
As per the company’s red herring prospectus (RHP), Iware Supplychain’s listed peers include Pranik Logistics Limited (P/E: 12.73) and Shreeji Translogistics Limited (P/E: 16.74). On the grey market, the IPO’s premium currently stands at ₹0, indicating neutral sentiment among early investors.
The IPO will be available for bidding in lots of 1,200 shares, making the minimum investment ₹114,000 for retail investors.
With a robust logistics footprint and increasing demand for integrated supply chain solutions in India, Iware Supplychain Services Limited is positioning itself as a significant player in the logistics infrastructure segment.
