News

Gujarat-based logistics company Iware Supplychain Services has received decent response for its initial public offering from investors on the final day of bidding, April 30. The issue was fully subscribed on Wednesday at 2.86 times.

Investors have bid 81.8 lakh shares compared to the offer size of 28.56 lakh shares via 4,112 applications, the subscription data published on the NSE showed.

The offer was booked 90 percent till the second day of bidding, April 29.

Retail investors subscribed 3.28 times their reserved portion, and the portion set aside for non-institutional investors was booked 2.75 times.

Iware Supplychain Services will finalise the IPO share allotment by May 2, and its shares will be available for trading on the NSE Emerge, effective May 6.

The company is raising Rs 27.13 crore via maiden public issue at a price of Rs 95 per share. These IPO proceeds (excluding offer expenses) will be utilised for the construction of new industrial shed, working capital requirements, and general corporate purpose.

Click Here To Read All IPO News

Incorporated in 2018, Iware Supplychain provides warehousing, transportation, rake handling services, and business auxiliary services in the states like Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi.

The book running lead manager handling the public issue is GetFive Advisors.

Discover the latest Business News, Budget 2025 News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

${res.must_watch_article[0].headline}

Sensex Today Jammu Kashmir News Live DC vs KKR Live Score Canada Election Results Q4 Results 2025 Live Ather Energy IPO GMP JKBOSE 10th Result 2025 TS SSC Results 2025 NEET Admit Card 2025 IPL Points Table 2025

Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups

Home Currencies Commodities Pre-Market IPO Global Market Bonds

Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance TrackerNew Fixed Deposits Fixed Deposit Comparison Fixed Income

Home MC 30 Top Ranked Funds ETFs Mutual Fund Screener

Income Tax Calculator EMI Calculator Retirement Planning Gratuity Calculator

Stock Markets

News18 Firstpost CNBC TV18 News18 Hindi Cricketnext Overdrive Topper Learning

About Us Contact Us Advisory Alert Advertise with Us SupportDisclaimer Privacy Policy Cookie Policy Terms & Conditions Financial Terms (Glossary) Sitemap Investors

You are already a Moneycontrol Pro user.