Iware Supplychain Services Ltd

About Iware Supplychain Services Limited IPO

Iware Supplychain Services Limited IPO is an IPO of up to 28,56,000 equity shares. It consists of a fresh issue of ₹27.13 crores. The shares will be allotted on 02-05-2025. The credit of shares to the demat account will take place on 05-05-2025 and the initiation of refunds will take place on 05-05-2025.

Objective of Iware Supplychain Services Limited IPO

• Funding the capital expenditure required for the construction of a new industrial shed.

• Funding working capital requirements.

• General corporate purpose.

Industry Outlook

The Indian logistics sector is one of the largest in the world and presents a huge addressable opportunity. The sector is critical to the country's economic growth as it connects various elements of the economy and includes transportation, warehousing, and other supply chain solutions, ranging from suppliers to end customers. India’s logistics sector is estimated to account for about 14.4% of GDP. More than 2.2 crores of people rely on it for their income. In 2019, the Indian logistics sector was valued at ₹1,51,000 crore (US$19,000 crores). The warehousing, industrial, and logistics (WIL) sectors are projected to play a crucial role in achieving India’s vision of becoming a US$5,00,000 crores economy by FY25. The warehousing and logistics industry benefited significantly from the COVID-19 pandemic, increasing its share from 2% in 2020 to 20% in 2021. The Indian warehousing market is projected to reach US$3,499 crores (₹2,87,210 crores), expanding at a CAGR of 15.64% from 2022 to 2027.

Company Information

Iware Supplychain Services Limited is an integrated pan-India logistics company primarily operating in five different types of services: (i) Warehousing (including third-party logistics [3PL] and Carrying & Forwarding Agent services), (ii) Transportation (including Carrying & Forwarding Agent services), (iii) Rake Handling Services, (iv) Business Auxiliary Services, and (v) Rental Income. They operate through a network of various business offices located in the states of Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi. The technological systems they use to manage logistics operations are provided by their clients, enabling them to improve service quality and consistency, and to increase operational efficiency.

Risks of Iware Supplychain Services Limited IPO

• They depend on third parties to acquire vehicles utilised in their transportation operations. Furthermore, market instability, including fluctuations in fuel costs, may adversely impact the company's operations and financial performance.

• The company may experience the effects of seasonality, which may result in operating results fluctuating significantly.

• Their business is dependent on the road network in India and their ability to utilise their vehicles without interruption. Any disruptions or delays in this regard could adversely affect them, leading to a loss of reputation and/or profitability.

Anchor Investor Information

IPO Registrar and Book Running Lead Managers

Book running lead managers:

Getfive Advisors Private Limited

Registrar for the IPO is KFin Technologies Limited

Business Model

The company earns its revenue through the following sources:

(i) Warehousing (including third-party logistics [3PL] and Carrying & Forwarding Agent) (ii) Transportation (including Carrying & Forwarding Agent) (iii) Rake Handling Services (iv) Business Auxiliary Services (v) Rental Income

Company Growth Trajectory

Total income for the period ended October 31, 2024, stood at ₹37.03 crores. Total income for the year ended March 31, 2024, stood at ₹58.77 crores, whereas in the financial year 2022-23, it stood at ₹43.72 crores, representing an increase of 34.42%.

Company Market Position

The company operates through a network of business offices situated in the states of Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi. The company’s strength is significantly enhanced by its diverse team of 200 individuals of different ages and experiences. Such a varied team helps them to achieve the set target and to manage the customer base, enabling them to effectively serve different industries and demographics. This capability not only broadens their market reach but also strengthens their position in the industry. Their focus on client satisfaction and their work not only distinguishes them from competitors but also secures our position as a trusted partner in the ever-evolving marketing landscape.

How To Check Allotment Status of Iware Supplychain Services Limited IPO?

You can check the allotment status of shares either on the website of the National Stock Exchange (NSE) or on the website of the registrar KFin Technologies Limited. To check the status on the NSE website:

• Visit the NSE website
• Click on “Investor Services” and choose “Application Status Check”
• Choose the issue type — Equity or Debt (Equity in this case)
• Select the Issue Name from the drop-down. The issue name is the company’s name, which is Iware Supplychain Services Limited
• Enter your application number or PAN number
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

Follow these steps to know the allotment status on the registrar’s website:

• Visit the KFin Technologies Limited website
• Choose “Public Issues” from the “Investor Services” drop-down
• Select Iware Supplychain Services Limited from the drop-down
• Enter your PAN number or Application number
• Click on “Submit” to know the allotment status

To apply for this IPO:

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for
• Step 3: Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds
• Step 5: Approve Request: Your funds will be blocked once you approve the mandate request on your UPI