Shipwaves Online IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 12 – 12
Lot Size
10000
Issue Size
₹56.35 Cr
Minimum Investment
₹240000 (20000 Shares)
Listing Date
17 December 2025
Subscription
1.7x
About the Company
Shipwaves Online Limited
Incorporated in 2015, Shipwaves Online Limited is engaged in digital freight forwarding and enterprise SaaS solutions.
The company provides a unified platform for global shipping and logistics, offering multimodal transportation solutions across ocean, land, and air. Its technology-driven approach ensures efficient, cost-effective, and reliable shipment management worldwide.
Services Offered
- Digital Freight Forwarding: End-to-end global logistics support powered by advanced technology, streamlining the entire shipping process.
- Enterprise SaaS Solutions: Cloud-based software that digitalizes logistics operations and provides real-time data insights to improve efficiency and decision-making.
- Other Services: Comprehensive logistics support including trade finance, insurance, warehousing, customs clearance, and relocation services to ensure secure and seamless operations.
As of February 28, 2025, the company has 35 employees on its payroll.
Promoters
- Mr. Kalandan Mohammed Haris
- Mr. Kalandan Mohammed Althaf
- Mr. Kalandan Mohammad Arif
- Mr. Abid Ali
- Mrs. Bibi Hajira
- Mr. Mohammed Sahim Haris
Promoters Holding
Holding Pre Issue
99.96%
Holding Post Issue
66.73%
Objects of the Issue
The Company Shipwaves Online IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- To meet Working Capital Requirements of Issuer Company
- Investment in Subsidiary for funding its working capital requirements
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Issuer Company
- Issue Related Expenses
- General Corporate Expenses
Address / Contact Info
Shipwaves Online Ltd.
18-2-16/4(3), 3rd Floor,
Mukka Corporate House 1st cross,
Attavara, Dakshina Kannada
Mangaluru, Karnataka, 575001
Phone: +91 95381 49978
Email: secretarial@shipwaves.com
Website: http://www.shipwaves.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 10 December 2025
IPO Close Date
Friday, 12 December 2025
Basis of Allotment
Monday, 15 December 2025
Initiation of Refunds
Tuesday, 16 December 2025
Credit of Shares to Demat
Tuesday, 16 December 2025
Listing Date
Wednesday, 17 December 2025 — NSE & BSE
Important Dates
Open Date
10 December 2025
Close Date
12 December 2025
Basis Of Allotment
15 December 2025
Listing Date
17 December 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 98.37 | 81.86 | 53.98 | 26.43 |
| Revenue | 41.71 | 108.65 | 97.28 | 69.49 |
| Profit After Tax | 4.68 | 12.2 | 6.29 | 2.24 |
| Net Worth | 30.77 | 25.87 | 14.82 | -1.31 |
| Reserve & Surplus | 21.32 | 16.42 | 5.37 | -0.41 |
| Total Borrowings | 40.04 | 34.52 | 24.14 | 8.89 |
EPS Pre
1.29%
EPS Post
0.86%
P/E Pre
9.30
P/E (Post Issue)
13.92x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Sun | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 50.85 | 48.34 | 28.29 |
| ROCE % | 25.79 | 22.78 | 15.41 |
| Debt / Equity | 1.33 | 1.63 | 1.45 |
| RoNW % | 41.89 | 39.38 | 24.78 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 10.01 | 6.04 | 3.23 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Non-Institutional | 22300000 | 49.99 | 0 |
| Retail Investors | 22310000 | 50.01 | 0 |
| Total | 44610000 | 100 | 0 |
Subscription Status ( Fri, 12 Dec 25 01:27 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 0 | 0x |
| Non-Institutional | 22300000 | 10410000 | 0.47x |
| Retail Investors | 22310000 | 65240000 | 2.92x |
| Total | 44610000 | 75650000 | 1.7x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Shipwaves Online Ltd | 1 | 10.47 | 1.15 | 1.15 | 41.89 | 2.74 |
| Tiger Logistics (India) Ltd | 1 | 20.12 | 2.56 | 2.56 | 19.54 | 13.08 |
| Lancer Container Lines Ltd | 5 | -1262.00 | -0.01 | -0.01 | -0.07 | 19.45 |
| Timescan Logistics (India) Ltd | 10 | 8.38 | 8.38 | 8.38 | 22.32 | 37.54 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 20,000 | 240,000.00 |
| Retail (Max) | 2 | 20,000 | 240,000.00 |
| S-HNI (Min) | 3 | 30,000 | 360,000.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
- Finshore Management Services Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Shipwaves Online IPO is a Fixed price IPO worth ₹56.35 crores. The price band is ₹12 to 12 per share. The IPO opens on Wed, Dec 10, 2025 and closes on Fri, Dec 12, 2025. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The Shipwaves Online IPO opens on Wed, Dec 10, 2025 and closes on Fri, Dec 12, 2025
Shipwaves Online IPO Price Band is ₹12 to 12.
Shipwaves Online IPO lot size is 10000, and the minimum amount required for application is ₹240000.
The minimum investment for Shipwaves Online IPO is approximately ₹240000 based on the upper price band.
To apply for the Shipwaves Online IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Dec 12, 2025. After submission, funds are blocked until the basis of allotment of Shipwaves Online IPO is finalised.
Shipwaves Online IPO issue size is ₹56.35 crores.
Shipwaves Online IPO allotment date is Sat, Jun 27, 2026.
The registrar for Shipwaves Online IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to Shipwaves Online IPO through their official website or helpline.