Shipwaves Online IPO Details
SME
Shipwaves Online IPO opens for subscription on 10 Dec 2025 and closes on 12 Dec 2025. The IPO will be listed on BSE with the tentative listing date set for 17 Dec 2025.
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 Ltd. 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
Shipwaves Online IPO Subscription
Shipwaves Online IPO Application Wise Breakup
Shipwaves Online IPO Dates
- 10 Dec 2025Opening dateOpen
- 12 Dec 2025Closing dateClose
- 15 Dec 2025Allotment Date Allotment
- 16 Dec 2025Initiation of RefundsRefund
- 16 Dec 2025Credit of SharesCredit
- 17 Dec 2025Listing dateListing
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
Shipwaves Online IPO Valuations
Shipwaves Online Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 98.37 | 81.86 | 53.98 | 26.43 |
| Total Income | 41.71 | 108.65 | 97.28 | 69.49 |
| Profit After Tax | 4.68 | 12.20 | 6.29 | 2.24 |
| EBITDA | 7.89 | 18.96 | 11.04 | 4.06 |
| NET Worth | 30.77 | 25.87 | 14.82 | -1.31 |
| Reserves and Surplus | 21.32 | 16.42 | 5.37 | -0.41 |
| Total Borrowing | 40.04 | 34.52 | 24.14 | 8.89 |
| Amount in ₹ Crore | ||||
About Shipwaves Online IPO
Incorporated in 2015, Shipwaves Online Limited is engaged in the business of digital freight forwarding and enterprise Software-as-a-Service (SaaS) solutions, offering a comprehensive technology-driven platform for the shipping and logistics industry. The Company provides multimodal transportation solutions across ocean, land, and air, enabling efficient, cost-effective, and reliable management of global shipments.
The Company’s operations are primarily classified into the following business segments:
- Digital Freight Forwarding: Shipwaves leverages advanced digital tools to streamline logistics processes and provide end-to-end support for international trade and shipment management.
- Enterprise SaaS Solutions: The Company delivers technology-driven software solutions that digitize shipping and logistics workflows, offering real-time data visibility, analytics, and operational efficiency.
- Other Value-Added Services: Shipwaves also offers trade finance, insurance, warehousing, customs clearance, and relocation services, facilitating secure and integrated global logistics operations.
By combining logistics execution with digital infrastructure, the Company aims to simplify cross-border trade and enhance transparency across the supply chain.
As of October 31, 2025, the Company had 35 employees on its payroll supporting its technology, operations, and service delivery functions.
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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
Shipwaves Online IPO - FAQs
The Shipwaves Online IPO is a SME public issue comprising 46960000 equity shares with a face value of ₹1 each, aggregating to a total issue size of ₹56.35 Cr.. The issue price has been fixed at ₹12 per equity share, and the minimum application size is 10000 shares.
The IPO opens for subscription on 10 Dec 2025, and closes on 12 Dec 2025.
Cameo Corporate Services Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹0 (0%).