Company Profile
Iware Supplychain Services Limited, founded in 2018 and based in Ahmedabad, is an integrated logistics company offering warehousing, transportation, rake handling, and auxiliary services across India. It serves sectors like FMCG, auto components, and sanitary ware. The company is part of the Inter India Group and operates in multiple states with a growing logistics infrastructure. Its leadership team brings strong industry expertise, driving expansion and profitability.
Company Overview
Iware Supplychain Services Limited is an integrated logistics company based in Ahmedabad, India. Established in 2018, the company offers end-to-end supply chain solutions including warehousing, transportation, rake handling, and value-added services. It operates across multiple states, serving clients in industries such as FMCG, auto components, and sanitary ware. With a growing network of warehouses and a dedicated fleet, Iware focuses on efficient, technology-enabled logistics solutions to support business growth across the country.
Product Portfolio
Iware Supplychain Services Limited offers a diverse range of logistics and supply chain services designed to support businesses across multiple industries. Their core offerings include:
- Warehousing Services: Custom-built storage solutions including third-party logistics (3PL) and Carrying & Forwarding (C&F) operations for efficient inventory management.
- Transportation Services: Pan-India transport solutions with a fleet of trucks and access to multi-modal logistics, ensuring timely and safe delivery of goods.
- Rake Handling: Specialized bulk cargo management at railway yards, supporting large-volume material movement through rail networks.
- Business Auxiliary Services: Support functions such as loading/unloading, repackaging, and document management to enhance logistics efficiency.
- Rental Income: Leasing of logistics infrastructure, such as warehouse space and equipment, as an additional revenue stream.
These services cater to various sectors including FMCG, industrial goods, automotive parts, and sanitary ware, helping clients streamline operations and reduce logistics costs.
Financial Snapshot (as of March 2024)
📊 Key Financial Metrics (₹ in Crores)
Particulars | FY 2024 | FY 2023 | FY 2022 |
---|---|---|---|
Total Revenue | 58.71 | 43.55 | 24.35 |
Expenses | 53.41 | 42.81 | 23.06 |
Net Profit | 4.17 | 0.42 | 1.29 |
Earnings Per Share (EPS) | 5.30 | 0.54 | 0.17 |
Return on Capital Employed (ROCE) | 24.44% | 11.43% | 5.29% |
EBITDA Margin | 18.52% | 14.29% | 10.50% |
Debt-to-Equity Ratio | 3.10 | 6.84 | 9.25 |
Initial Public Offering (IPO) Plans
Iware Supplychain Services Limited is launching its Initial Public Offering (IPO) on the NSE EMERGE platform, aiming to raise capital for business expansion and operational growth.
✅ Key IPO Details:
- IPO Type: Fixed Price Issue
- Issue Size: ₹27.13 crore (entirely fresh issue of 28,56,000 equity shares)
- Issue Price: ₹95 per share
- Face Value: ₹10 per share
- Lot Size: 1,200 shares (minimum investment ₹1,14,000)
- Retail Allocation: 50% of the issue
- Market Maker: SMC Global Securities Ltd.
- Lead Manager: Getfive Advisors Pvt. Ltd.
- Registrar: KFin Technologies Ltd.
🗓️ Important Dates:
- Opening Date: April 28, 2025
- Closing Date: April 30, 2025
- Allotment Finalization: May 2, 2025
- Refunds Initiation: May 5, 2025
- Shares Credited to Demat: May 5, 2025
- Listing Date: May 6, 2025
🎯 IPO Objectives:
The company plans to utilize the funds raised through the IPO for:
- Construction of a new industrial shed for logistics operations
- Working capital needs
- General corporate purposes
This IPO is a strategic step to strengthen the company’s financial position and expand its logistics infrastructure across India
Regulatory Compliance Highlights
Regulatory Compliance Highlights
Iware Supplychain Services Limited has taken key steps to ensure full compliance with Indian regulatory standards ahead of its IPO:
Registered Advisors and Registrars:
The company has partnered with SEBI-registered professionals to manage the IPO process, enhancing reliability and regulatory alignment.
SEBI Guidelines Compliance:
The company follows the SEBI (ICDR) Regulations, 2018, ensuring transparent and standardized disclosures for its IPO process.
Securities Contracts Regulation Compliance:
In line with Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, the company is offering over 25% of its post-issue capital to public investors.
Listing Obligations Fulfillment:
Iware commits to timely and accurate disclosure of financial and operational details as per SEBI’s listing regulations, including publishing results and investor updates on its official website.
Dedicated Compliance Officer:
A compliance officer is appointed to oversee legal and regulatory matters and ensure smooth coordination with regulatory bodies.
Potential Strategic Investments
Potential Strategic Investments
Iware Supplychain Services Limited is poised for growth in the logistics and supply chain sector, and there are several potential strategic investments that could further enhance its capabilities:
Diversification into New Verticals:
Exploring new verticals like e-commerce logistics, pharmaceuticals, or cold chain logistics could provide new revenue streams and help the company tap into high-growth sectors.
Infrastructure Expansion:
Investment in building new warehouses and upgrading existing facilities can improve operational efficiency, particularly in regions with high demand for logistics services.
Technology Upgradation:
Enhanced investments in logistics management software, automation tools, and data analytics platforms can improve supply chain visibility, forecasting, and decision-making, making Iware more competitive.
Fleet Expansion:
Increasing the fleet of trucks, containers, and multi-modal transport vehicles would expand the company’s reach, particularly for long-haul and cross-border logistics services.
Sustainability Initiatives:
Strategic investments in green technologies, such as electric vehicles (EVs) for transportation and energy-efficient warehouses, would not only align with global sustainability trends but also reduce operational costs in the long term.
Partnerships and Acquisitions:
Strategic acquisitions or partnerships with local or international logistics firms could open new markets, provide access to additional resources, and create synergies in services like warehousing, distribution, and freight forwarding.

Future Outlook
Future Outlook
Iware Supplychain Services Limited is well-positioned for significant growth in the coming years, with strategic initiatives aimed at expanding its infrastructure, enhancing operational efficiency, and capitalizing on the rising demand for logistics solutions across India.
Sustainability and Technological Advancements:
Investments in green technologies and logistics automation are expected to enhance Iware’s operational efficiency while meeting sustainability goals.
Infrastructure Expansion:
The company is expanding its warehousing capacity to meet the increasing demands of sectors like FMCG, pharmaceuticals, and e-commerce. This growth aligns with national logistics initiatives such as the PM Gati Shakti program, ensuring Iware’s readiness to support large-scale businesses.
Integration of Multimodal Logistics:
Iware is enhancing its logistics network by integrating rail transport, reducing road congestion, and offering cost-effective solutions for bulk goods movement. This focus on sustainability and efficiency positions the company as a leader in multimodal logistics.
Financial Growth:
With strong financial performance, including increased revenue, profitability, and operational efficiency, Iware is on track to maintain healthy growth in the coming years. The company’s ability to leverage its strategic investments and large fleet will continue to drive its success.
IPO and Market Expansion:
The upcoming Initial Public Offering (IPO) will further strengthen the company’s financial base, enabling it to fund expansion plans, technology investments, and acquisitions, positioning Iware for greater market presence.
