The IPO of Iware Supplychain Services has officially commenced, attracting considerable interest from investors on its opening day. Kicking off on April 28, this three-day public offering is set to conclude on April 30. With a fixed price of ₹95 per share, the company aims to raise a substantial ₹27.13 crore through this initiative.
Subscription Status of Iware Supplychain Services IPO
As of 3 PM on the first day, Iware Supplychain Services’ IPO was subscribed 0.26 times overall. Breaking it down:
- Retail investors: Subscribed 0.39 times
- Non-Institutional Investors: Garnered 0.14 times bids
This promising start indicates a growing interest among retail participants, although the NII segment has seen less activity.
Key Details of the IPO Offering
- Total Shares: 28.56 lakh
- Minimum Investment for Retail: ₹1,14,000 (1,200 shares)
- Minimum Lot for High-Net-Worth Investors: ₹2,28,000 (2,400 shares)
The funds raised will primarily support capital expenditures for the construction of a new industrial facility, alongside general corporate needs.
Current Grey Market Premium (GMP)
According to Investorgain.com, the grey market premium for Iware Supplychain Services stands at nil, indicating that shares are trading at the issue price. This could signal investor caution or a wait-and-see approach among potential buyers.
Upcoming Listing Date and Allotment Process
Investors can anticipate the shares of Iware Supplychain Services to debut on the NSE SME platform with a tentative listing date of May 6, 2025. The allotment of shares is expected to be finalized on May 2, with share credits happening on May 5. For those who do not receive shares in the allotment, refunds will also be processed on the same day.
About Iware Supplychain Services
Iware Supplychain Services stands out as a comprehensive logistics provider across India, offering a diverse range of services, including:
- Warehousing
- Transportation
- Rake Handling Services
- Business Auxiliary Services
- Rental Income
With operations spanning multiple states such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, the company serves a wide array of industries, including FMCG, automotive components, and sanitary ware.
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