Shipwaves Online IPO
GMP, Subscription, Price, Dates & Financial Details
Logistics
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…
Open Date
Wed, 10 Dec 2025
Close Date
Fri, 12 Dec 2025
Issue Price
₹ 12
Lot Size
10000
Issue Size
₹ 56.35 Cr
Minimum Investment
₹ 240,000 (20000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Shipwaves Online IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹56.35 Crore.
The Shipwaves Online IPO remained open for subscription from December 10, 2025, to December 12, 2025. The basis of allotment was finalized on December 15, 2025, and the company's shares were listed on BSE SME Platform on December 17, 2025.
The company had fixed the price at ₹12 per share, with a lot size of 10000 shares. Retail investors were required to make a minimum investment of ₹240,000 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Finshore Management Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Shipwaves Online Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Shipwaves Online IPO Timeline (Tentative)
- IPO Open Date
- Wed, 10 Dec 25
- IPO Close Date
- Fri, 12 Dec 25
- Basis of Allotment
- Mon, 15 Dec 25
- Initiation of Refunds
- Tue, 16 Dec 25
- Credit of Shares to Demat
- Tue, 16 Dec 25
- Listing Date
- Wed, 17 Dec 25 — NSE & BSE
Open Date
10 December 2025
Close Date
12 December 2025
Basis Of Allotment
15 December 2025
Listing Date
17 December 2025
IPO Subscription
Check Live Subscription →The Shipwaves Online IPO has received bids for 7,56,50,000 shares against 4,46,10,000 shares offered, resulting in an overall subscription of 1.7x. the NII category is subscribed 0.47x, Retail Investors 2.92x, and QIBs 0x.
QIB
0x
NII
0.47x
RII
2.92x
Total
1.7x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 2,23,10,000 shares, representing 50.01% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 2,23,00,000 shares (49.99%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Non-Institutional | 22,300,000 | 49.99% |
| Retail Investors | 22,310,000 | 50.01% |
| Total | 44,610,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Shipwaves Online Limited KPI Information
| 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 |
| Pat Margin % | 10.01 | 6.04 | 3.23 |
Peers Comparison
| 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 |
About Shipwaves Online Limited
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.
Shipwaves Online IPO 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%
Shipwaves Online IPO Objective
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
Shipwaves Online Limited Address / Contact Details
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
Shipwaves Online IPO Lot Size
The Shipwaves Online IPO has a lot size of 10,000 shares. Retail investors require a minimum investment of ₹2,40,000 by applying for 2 lot (20,000 shares). The maximum application allowed for the retail category is 2 lots (20,000 shares), requiring an investment of ₹2,40,000.
| 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 |
Issue Reservation
- NII — 49.99%
- RII — 50.01%
Book Running Lead Managers
- Finshore Management Services Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Shipwaves Online IPO?
Shipwaves Online IPO is a Fixed price IPO with a total issue size of ₹56.35 crore. The Shipwaves Online IPO price band is ₹12 to 12 per share. The Shipwaves Online IPO subscription opens on Wed, Dec 10, 2025, and closes on Fri, Dec 12, 2025. The Shipwaves Online IPO will be listed on the BSE. Cameo Corporate Services Limited is the registrar for the Shipwaves Online IPO.
When will the Shipwaves Online IPO open for subscription?
The Shipwaves Online IPO opens on Wed, Dec 10, 2025 and closes on Fri, Dec 12, 2025
What is Shipwaves Online IPO Price Band?
Shipwaves Online IPO Price Band is ₹12 to 12 per share.
What is Shipwaves Online IPO Lot Size?
Shipwaves Online IPO lot size is 10000 shares, Retail investors need a minimum investment of ₹240000 based on the upper price band
What is the minimum investment for Shipwaves Online IPO?
The minimum investment for Shipwaves Online IPO is ₹240000, based on one lot of 10000 shares at the upper price band of ₹12 per share.
How to apply for Shipwaves Online IPO?
Investors can apply for the Shipwaves Online IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Dec 12, 2025. The application amount remains blocked until the Shipwaves Online IPO allotment is finalized.
What is Shipwaves Online IPO Issue Size?
Shipwaves Online IPO issue size is ₹56.35 crores.
What is the Shipwaves Online IPO Allotment Date?
Shipwaves Online IPO allotment date is Mon, Dec 15, 2025.
Who is the Shipwaves Online IPO Registrar?
The registrar for Shipwaves Online IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check Shipwaves Online IPO allotment status, refund processing, and other IPO-related information.
Who is the Shipwaves Online IPO Lead Manager?
The book-running lead managers (BRLMs) for the Shipwaves Online IPO are Finshore Management Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Shipwaves Online IPO Red Herring Prospectus (RHP).