Iware Supplychain Services Sees Tepid IPO Debut on NSE SME Platform
In a rather disappointing start, Iware Supplychain Services Limited made its debut on the NSE SME platform on May 6, listing at ₹85 per share. This figure represents a 10.52% drop from its initial issue price of ₹95. As trading progressed, the stock continued to struggle, dipping another 4.5% to reach a low of ₹81.20, which is about 14.52% below its IPO price.
IPO Subscription Details
The SME IPO, valued at ₹27.13 crore, was available for investors from April 28 to April 30, 2025, at a fixed price of ₹95 per share. The offering consisted entirely of a fresh issue comprising 28.56 lakh shares. However, the response from investors was lukewarm, with an overall subscription rate of just 2.96 times. Breaking it down further:
- Non-Institutional Investors (NII): Subscribed 2.65 times
- Retail Investors: Subscribed 3.28 times
Future Plans of Iware Supplychain Services
Despite its rocky start, Iware plans to channel the funds raised from the IPO into several growth initiatives. These include:
- Establishing a new industrial facility
- Meeting working capital needs
- General corporate expenditures
Company Overview
Founded in 2018, Iware Supplychain Services Limited has positioned itself as a comprehensive logistics provider across India. The company offers a wide range of services, including:
- Warehousing (third-party logistics and carrying & forwarding agent functions)
- Transportation
- Rake handling services
- Auxiliary business services and rental income
Iware operates extensively in several states, including Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi. This extensive reach ensures that the firm can deliver reliable supply chain management solutions across the Indian subcontinent.
Logistics Expertise
With a robust operational framework, Iware manages over 100 BCN rakes annually, facilitating the transportation of around 220,000 metric tons of goods each year. This capability underscores the company’s commitment to providing efficient logistics support and solutions.
In summary, while Iware Supplychain Services’ IPO debut may not have met expectations, the company’s strategic plans and strong logistics network position it for future growth. Investors and industry watchers alike will be keen to see how this company navigates the challenges ahead.
