Iware Supplychain Services Limited IPO

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Iware Supplychain Services Limited offers integrated logistics services through five major verticals:
i. Warehousing Services: Including 3PL (Third-Party Logistics) and Carrying & Forwarding (C&F) operations.
ii. Transportation Services: Via both road (own fleet) and as a C&F agent.
iii. Rake Handling Services: Managing rail cargo for bulk movements, including loading/unloading operations.
iv. Business Auxiliary Services: Additional logistics-related services that support core operations.
v. Rental Income: Earned from leasing infrastructure and space.

Iware aims to facilitate the seamless movement of goods across India, catering to businesses of all sizes and from various industries. The company’s offerings are designed to optimize the logistics chain, reduce turnaround times, and improve cost efficiencies for its clients.

Geographical Reach
Iware operates across India with business offices located in: Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana and Delhi. This pan-India presence strengthens its ability to provide end-to-end logistics solutions across regions.

Client Industries
The firm provides logistics services to a diverse range of industries including: FMCG, Auto Components, Sanitary-ware and more. This diversified client base showcases the company’s flexibility and capability to cater to varying logistic needs.

This integrated, multi-modal logistics model makes Iware Supplychain Services Limited a strong player in India’s rapidly evolving logistics sector.

Objects of the Iware Supplychain Services Limited IPO:

IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: i. Capital expenditure requirement for the construction of new industrial shed, ii. Funding Working capital requirements, iii. General Corporate Purpose.
DRHP of Iware Supplychain Services Limited IPO
RHP of Iware Supplychain Services Limited IPO

Iware Supplychain Services Limited IPO Details:

Open Date: Apr 28 2025
Close Date: Apr 30 2025
Total Shares: 28,56,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 27.13 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 95 Per Equity Share
Listing At: NSE Emerge
Listing Date: May 06 2025

Promoters And Management:

Krishnakumar Jagdishprasad Tanwar is the Promoter and Managing Director of the company and has been associated since its inception. With over 20 years of experience in the transportation and logistics industry, he also serves on the board of the holding company Inter India Roadways Pvt. Ltd. and sister concern Edisafe Logistics Pvt. Ltd. He oversees the company’s strategic direction, operations, and growth initiatives, leveraging deep expertise in business development, marketing, and logistics operations. Rajnish Gautam is the Promoter and Whole-time Director of the company, associated since its inception. A commerce graduate from Devi Ahilya Vishwavidyalaya, Indore, he brings over 20 years of experience in the transportation and logistics industry. He also serves on the board of Inter India Roadways Pvt. Ltd., the holding company. At present, he leads people management and business execution, specializing in supply chain optimization, route planning, and client-centric logistics solutions. Divya Vikas Tanwar was appointed as a Non-Executive Director of the company on September 23, 2024. She holds a Bachelor of Commerce degree from Maharaja Ganga Singh University, Bikaner. She is a member of the Nomination and Remuneration Committee and brings expertise in business administration and finance, contributing to efficient corporate governance and human resource management within the company.

Financials of Iware Supplychain Services Limited IPO:

In Cr.
Particulars March 31, 2025 March 31, 2024 March 31, 2023
Revenue from Operations 85.82 58.70 43.55
Growth in Revenue 46.19% 34.79% 78.90%
EBITDA 17 10.87 6.22
EBITDA Margins 19.81% 18.52% 14.29%
PAT 8.01 4.16 0.42
PAT Margins 9.34% 7.10% 0.97%
ROCE 30.34% 24.44% 11.43%
D/E Ratio 1.84 3.10 6.84
CFOA 5.99 9.73 2.46

Comparison With Peers:

Companies Revenue EBITDA Margins PAT Margins D/E Ratio MCap P/E
Iware Supply chain Services  (FY 2025) 85.82 Cr. 19.81% 9.34% 1.84 101.80 Cr. 12.71
Pranik Logistics (TTM) 113 Cr. 12% 6.19% 1.41 78.20 Cr. 11.30
Shreeji Translogistics (TTM) 240 Cr. 4% 1.67% 0.76 91.20 Cr. 25.70 
                                        

                                    

                                                                                                    

                                        

                                            
Recommendation on Iware Supplychain Services Limited IPO:

                                            
Review and Recommendation of Iware Supplychain Services IPO by team IZ is 3/10.

 

                                        

                                    

                                                                
                                
                                                                 

                                    

                                                                                    

                                                
Lead Manager of Iware Supplychain Services Limited IPO:

                                            
 
    
                                                                                                        
  1. GetFive Advisors Private Limited
    2. 
                                                        
 

                                

                                                                
                                 
                                                                  

                                    

                                                                                    

                                                
Registrar of Iware Supplychain Services Limited IPO:

                                            
 
    
                                                                                                        
  1. Kfin Technology Private Limited
    2. 
                                                        
 

                                

                                                            

                                

                            

                                                                  

                                        

                                            
Company Address: 

                                            
Iware Supplychain Services Limited
7 th Floor 707 Iscon Elegance, Nr. Jain Temple
Prahladnagar Cross Road,
S.G. Highway
Phone: +91 9512470099
Email: compliance.officer@iware.co.ini
Website: http://www.iware.co.in/
                                        

                                    

                                                              
                                                                   

                                        

                                            
                                        

                                    

                                                                 
                                                            

							
                            

                                

                                    

                                                                            

                                

                            

                            
							
                            

                            

                            

                                

                                    

                                        

                                    

                                

                            

                            
                            

                                

                                
Discussion on Iware Supplychain Services Limited IPO:

                                           
                                    

                                        

                                            



	
	
		

		
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