Ahmedabad-based logistics player Iware Supplychain Services is all set to launch its IPO on April 28 at ₹95 per share. The company aims to raise ₹27.13 crore to fund infrastructure expansion, working capital, and corporate needs, with listing on NSE Emerge scheduled for May 6.

Iware Supplychain Services IPO Launches April 28: ₹27.13 Cr Fundraising Target Set

Iware Supplychain Services, a logistics firm headquartered in Ahmedabad, will open its initial public offering (IPO) for subscription on April 28, with a fixed issue price of ₹95 per share. The IPO, which will close on April 30, is aimed at raising ₹27.13 crore. The allotment of shares is expected to be finalized by May 2, and trading is slated to begin on NSE Emerge from May 6.

The company, which provides a wide range of logistics services across India—such as warehousing, third-party logistics, transportation, rake handling, business auxiliary services, and rental income—plans to allocate ₹14.06 crore of the IPO proceeds towards the construction of a new industrial shed. An additional ₹6.8 crore will be used to support working capital needs, while the remaining ₹3.86 crore will go toward general corporate purposes.

Iware runs its operations through business offices located in Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi. Getfive Advisors is managing the issue as the lead book-running manager, while SMC Global Securities will serve as the market maker, with ₹1.37 crore worth of shares reserved for them.