Shipwaves Online IPO
Shipwaves Online IPO
Overview
Shipwaves Online IPO is a fixed price issue of ₹56.35 crores. The issue is entirely a fresh issue of 4.70 crore shares of ₹56.35 crore. Shipwaves Online IPO opens for subscription on Dec 10, 2025 and closes on Dec 12, 2025. The allotment for the Shipwaves Online IPO is expected to be finalized on Dec 15, 2025. Shipwaves Online IPO will list on BSE SME with a tentative listing date fixed as Dec 17, 2025. Shipwaves Online IPO price is ₹12.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹2,40,000.00 (20,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,60,000.
Total Shares
4,69,60,000
Issue Size
₹56.35 Cr
Price Band
₹12 – ₹12
Lot Size
10000 shares
Min. Investment
₹2,40,000
Max. Investment
₹2,40,000
Open Date
10 Dec, 2025
Close Date
12 Dec, 2025
Allotment
15 Dec, 2025
Listing
17 Dec, 2025
Max. Investment
₹2,40,000
Announced
10 Dec, 2025
Opening Date
10 Dec, 2025
Closing Date
12 Dec, 2025
Basis of Allotment
15 Dec, 2025
Initiation of Refunds
16 Dec, 2025
Credit of Shares
16 Dec, 2025
Listing Date
17 Dec, 2025
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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 su
Shipwaves Online IPO Share Price
Issue Breakdown
Shareholding
Dilution: 49.7% increase in shares
Shipwaves Online IPO Promoters Holding
Shipwaves Online IPO Financial Health
Shipwaves Online Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 94% between the financial year ending with March 31, 2025 and March 31, 2024.
Shipwaves Online IPO Lot Size
Investors can bid for a minimum of 20,000 shares and in multiples of 10,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 20000 | ₹2,40,000 |
| Individual investors (Retail) (Max) | 2 | 20000 | ₹2,40,000 |
| HNI (Min) | 3 | 30000 | ₹3,60,000 |
(All values in CR)
Shipwaves Online IPO Valuations
The market capitalization of Shipwaves Online IPO is ₹169.79 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 50.85 |
| ROCE | 25.79 |
| Debt/Equity | 1.33 |
| RoNW | 41.89 |
| PAT Margin | 10.01 |
| EBITDA Margin | 17.51 |
| Price to Book Value | 4.38 |
| Market Capitalization | 169.79 |
(All values in CR)
Shipwaves Online IPO Strength & Risk
Shipwaves Online IPO Strength:
- Operates in a high-growth sector focusing on technology-driven logistics and digital freight forwarding.
- Provides an integrated digital platform for global shipping and supply chain management.
- Growing demand for efficient, tech-enabled logistics solutions boosts future prospects.
- Funds from the IPO are allocated for working capital, subsidiary investment, and corporate expansion.
- Strong potential for scalability across global shipping routes and trade corridors.
- Early entry into the digital logistics segment creates opportunities for market leadership.
- Experienced management team with industry knowledge in freight and logistics operations.
- Increasing adoption of digital tools in global supply chains supports long-term growth.
Shipwaves Online IPO Risk:
- SME platform listing may face limited trading volumes and liquidity challenges.
- Limited public market history and lack of performance data for listed investors.
- High dependence on execution and scalability to sustain business growth.
- Competitive pressures from other logistics and freight technology companies.
- Possible customer concentration and reliance on third-party logistics partners.
- Exposure to regulatory, trade, and geopolitical risks affecting cross-border logistics.
- Working capital-intensive operations could impact cash flow stability.
Shipwaves Online IPO Subscriptions Status
Shipwaves Online IPO subscribed 1.02 times. The public issue subscribed 1.76 times in the individual investors category, [.] times in QIB (Ex Anchor), and 0.27 times in the NII category by December 11, 2025 5:49:52 PM (Day 2).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 23,50,000 | 23,50,000 | 2.82 |
| Non-Institutional Buyers | 0.27 | 2,23,00,000 | 60,30,000 | 7.24 |
| Individual Investors | 1.76 | 2,23,10,000 | 3,93,00,000 | 47.16 |
| Total | 1.02 | 4,46,10,000 | 4,53,30,000 | 54.4 |
Shipwaves Online IPO GMP
Shipwaves Online SME IPO last GMP is ₹0, last updated Dec 11th 2025 04:53 PM. With the price band of 12.00, Shipwaves Online SME IPO's estimated listing price is ₹12 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.The lowest GMP is ₹0.00, while the highest GMP is ₹4.00.
Last updated 11 Dec, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 11 Dec, 2025 | 12 | ₹0▼ | - | ₹12 (0.00%) | - | 11 Dec, 2025 |
| 10 Dec, 2025 | 12 | ₹4▲ | 30400 | ₹16 (33.33%) | 40000 | 10 Dec, 2025 |
| 09 Dec, 2025 | 12 | ₹0 | - | ₹12 (0.00%) | - | 09 Dec, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Shipwaves Online IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Shipwaves Online IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.