Iware Supplychain Services Limited is gearing up for its initial public offering (IPO), set to open for subscriptions on April 28 and close on April 30. This exciting opportunity allows investors to purchase shares at a fixed price of ₹95 each, with a face value of ₹10. Interested buyers can place bids for a minimum of 1,200 shares, with additional bids in multiples of 1,200 thereafter.
Overview of Iware Supplychain Services Limited
Founded in 2018, Iware Supplychain Services Limited has quickly emerged as a prominent logistics provider across India, delivering a wide range of services. Their offerings include:
- Warehousing (including third-party logistics and carrying & forwarding agent functions)
- Transportation
- Rake handling services
- Auxiliary business services
- Rental income operations
With an extensive operational footprint, Iware covers multiple states, such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, ensuring robust supply chain management solutions.
Logistics Solutions Across India
The company stands out by managing over 100 BCN rakes annually, which facilitates the transport of approximately 220,000 metric tons of goods each year. This comprehensive logistics support network enables Iware Supplychain Services to effectively meet the growing demands of its clientele throughout the Indian subcontinent.
Competitive Landscape and Financial Insights
According to the company’s red herring prospectus (RHP), its competitors in the market include Pranik Logistics Limited and Shreeji Translogistics Limited, with price-to-earnings ratios of 12.73 and 16.74, respectively. This competitive analysis highlights Iware’s positioning within the logistics sector.
Iware Supplychain Services IPO Details
The upcoming IPO will comprise a fresh issue of 2,856,000 equity shares, amounting to about ₹27.13 crore. Notably, there is no offer for sale (OFS) component included in this offering. The funds raised will be allocated for:
- Capital expenditures for a new industrial facility
- Financing working capital needs
- General corporate purposes
Key Players in the IPO Process
GetFive Advisors Private Limited is leading as the book-running manager for this IPO, while Kfin Technologies Limited will handle the registrarial functions. Smc Global Securities Ltd has been appointed as the market maker for the issue.
Current Grey Market Premium
As for the grey market premium (GMP), it currently stands at ₹0, indicating that shares are trading at the issue price of ₹95 with no premium or discount, according to recent data from investorgain.com. This metric reflects the market’s sentiment regarding investor willingness to pay beyond the issue price.
Final Thoughts
Investors looking for opportunities in the logistics sector should keep an eye on Iware Supplychain Services Limited’s IPO. With its established operations and strategic plans for growth, this offering may present a worthwhile addition to investment portfolios. To stay updated on IPO trends, consider checking out other notable offerings like the Ather Energy IPO.
