Shipwaves Online Limited IPO Details

SME

Shipwaves Online IPO price band has been fixed at ₹12 – ₹12 per share.The face value is ₹1 per share with a lot size of 10000.

Shipwaves Online IPO total issue size comprises 4,69,60,000 shares (aggregating up to ₹56.35 Cr.). This includes a fresh issue of 4,69,60,000 shares (aggregating up to ₹56.35 Cr.). Pre-issue shareholding stands at 9,45,35,000, which will increase to 14,14,95,000 post-issue.

Shipwaves Online IPO Lot Size : Individual Minimum is 2 lots (20,000 shares) amounting to ₹240,000. Individual Maximum is 2 lots (20,000 shares) amounting to ₹240,000. HNI Minimum is 3 lots (30,000 shares) amounting to ₹360,000.

The Lead Managers for Shipwaves Online IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Finshore Management Services Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Anant Securities. You can analyze their track record by checking the Market Maker Performance Summary report.

For detailed information, Refer to the Shipwaves Online Limited RHP.

Shipwaves Online IPO Details

Open Date

Close Date

Listing Date

Issue Price

₹12 - ₹12

Face Value

₹1 per share

Lot Size

10000

GMP

₹0

Issue Type

IPO

Listing On

BSE

Type

Fixed Price Issue

Share holding pre issue

94535000

Share holding post issue

141495000

Total Issue Size

4,69,60,000 shares (aggregating up to ₹56.35 Cr.)

Fresh Issue

4,69,60,000 shares (aggregating up to ₹56.35 Cr.)

Offer for Sale

Shipwaves Online IPO Dates

Opening dateOPD
Closing dateCOD
Allotment Date BOA
Initiation of RefundsIOR
Credit of SharesCOS
Listing dateLID

Shipwaves Online IPO Lot Size

Application	Lots	Shares	Amount
Individual Minimum	2	20000	₹240,000
Individual Maximum	2	20000	₹240,000
HNI Minimum	3	30000	₹360,000

Shipwaves Online IPO Reservation

Promoter Holding

Pre Issue:99.96%

Post Issue:66.73%

Promoter Names:

Mr. Kalandan Mohammed Haris, Mr. Kalandan Mohammed Althaf, Mr. Kalandan Mohammad Arif, Mr. Abid Ali, Mrs. Bibi Hajira, Mr. Mohammed Sahim Haris

Documents

› Shipwaves Online IPO DRHP

› Shipwaves Online IPO RHP

Shipwaves Online IPO Valuations

ROE:48.34%

ROCE:22.78%

DEBT/EQUITY:1.63

RONW:39.38%

PAT MARGIN:6.04

EPS Pre IPO:0.67

EPS Post IPO:0.89

P/E Pre IPO:22.54

P/E Post IPO:16.91

Shipwaves Online Financial Information

Period Ended	31 Mar 2025	31 Mar 2024
Assets	81.86	53.98
Total Income	108.65	97.28
Profit After Tax	12.20	6.29
EBITDA	18.96	11.04
NET Worth	25.87	14.82
Reserves and Surplus	16.42	5.37
Total Borrowing	34.52	24.14
Amount in ₹ Crore

About Shipwaves Online IPO

Incorporated in 2015, Shipwaves Online Limited is engaged in the business of digital freight forwarding and enterprise SaaS solutions.

The company offers a unified platform for shipping and logistics, providing multimodal transportation solutions ocean, land, and air ensuring efficient, cost-effective, and reliable global shipment management.

Services:

Digital Freight Forwarding:Leveraging advanced technology to streamline logistics processes, providing end-to-end support for global shipments.

Enterprise SaaS Solutions:Offering software solutions that digitalize shipping and logistics, delivering real-time data insights to enhance operational efficiency.

Other Services: The company offers trade finance, insurance, warehousing, customs clearance, and relocation services for secure, efficient global logistics.

As of the February 28, 2025, the company has 35 employees on payroll.

Strength Of Shipwaves Online IPO

Experienced promoters and qualified management team with over 40 years’ logistics expertise.
Integrated digital platform offering multimodal freight forwarding and Enterprise SaaS solutions.
Strong export revenue and long-standing relationships with key clients and suppliers.
Ability to provide end-to-end logistics services including real-time tracking, automated documentation, and customs clearance.
Growing presence with domestic offices and a UAE subsidiary supporting international expansion.

Risk Of Shipwaves Online IPO

Company, promoters, and group entities involved in multiple litigations and tax proceedings.
High dependency on top customers; top five contribute a major share of revenue.
Reliance on third-party transporters exposing it to operational delays and service quality risks.
Common pursuits by promoter group entities creating potential conflicts of interest.
Exposure to changes in import–export laws, geopolitical issues, and intense competition in logistics market.

Objectives Shipwaves Online IPO

1. To meet Working Capital Requirements of Issuer Company

2. Investment in Subsidiary for funding its working capital requirements

3. Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Issuer Company

4. Issue Related Expenses

5. General Corporate Expenses

Company Contact Details

Shipwaves Online Limited
18-2-16/4(3), 3rd Floor,
Mukka Corporate House 1st cross,
Attavara, Dakshina Kannada
Phone: +91 95381 49978
Email: secretarial@shipwaves.com
Website: http://www.shipwaves.com/