Shipwaves Online Limited Link 
Allotment
The Shipwaves Online Ltd. IPO is a fixed-price issue of ₹56.35 crore, consisting entirely of a fresh issue of 4.70 crore shares.
The IPO was open for bidding from December 10, 2025, to December 12, 2025, with the allotment finalized on December 15, 2025. The shares were subsequently listed on BSE SME on December 17, 2025.
The issue price was fixed at ₹12 per share. The lot size for applications was 10,000 shares, making the minimum investment for retail investors ₹2,40,000 (for 20,000 shares based on the upper price). For HNI investors, the minimum application was 3 lots (30,000 shares), totaling ₹3,60,000.
Finshore Management Services Ltd. acted as the book running lead manager, while Cameo Corporate Services Ltd. served as the registrar for the issue. The market maker for the IPO was Anant Securities.
For detailed information, refer to the Shipwaves Online IPO Draft Red Herring Prospectus (DRHP).
₹12
0%
Open
₹12
HIgh - Low
₹12
Previous Close
₹12
Total Traded Value
0
52 Weeks High
₹12
52 Weeks Low
₹12
Updates On
Dec 1, 2025
IPO. Open
Dec 10, 2026
IPO. Close
Dec 12, 2026
IPO. Price
₹12.00
IPO Market price
₹169.79 Cr
IPO Details
| IPO Date | 17 Dec |
| IPO Listing Date | 17 Dec |
| IPO Face Value | ₹1 per share |
| IPO Price Range | ₹12.00 |
| IPO Issue Size | 4,69,60,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Fixed Price IPO |
| IPO Listing | BSE SME Platform |
| Share Holding Pre Issue | 9,45,35,000 shares |
IPO Timeline
| IPO Open Date | 10 Dec |
| IPO Close Date | 12 Dec |
| IPO Allotment (Tentative) | 15 Dec |
| Refunds | 16 Dec |
| Credit to Demat Account | 16 Dec |
| IPO Listing Date | 17 Dec |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | - |
| NII (HNI) Shares Offered | 2,23,00,000 Shares |
| Retail Shares Offered | 2,23,10,000 Shares |
IPO Lot Size
Investors can bid for a minimum of 20,000 shares, and in multiples of 10,000 shares thereafter.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 20,000 | ₹2,40,000 |
| Retail (Max) | 2 | 20,000 | ₹2,40,000 |
| S-HNI (Min) | 3 | 30,000 | ₹3,60,000 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Incorporated in 2015, Shipwaves Online Limited operates in the digital freight forwarding and enterprise SaaS solutions space. The company provides a unified platform for shipping and logistics, offering multimodal transportation solutions across ocean, land, and air, ensuring efficient, cost-effective, and reliable global shipment management.
Services
Digital Freight Forwarding: Leveraging advanced technology to streamline logistics processes and provide end-to-end support for global shipments.
Enterprise SaaS Solutions: Offering software platforms that digitalize shipping and logistics, delivering real-time data insights to enhance operational efficiency.
Other Services: Providing trade finance, insurance, warehousing, customs clearance, and relocation services to ensure secure and efficient global logistics.
As of October 31, 2025, the company had 35 employees on payroll.
Competitive Strengths
Experienced promoters and a qualified management team
Innovative software revolutionizing logistics solutions
Commitment to cost efficiency and excellence in logistics
Diverse customer base across multiple sectors
Comprehensive and customized third-party logistics solutions
Company Financials (Consolidated)
| Assets | 98.37 | 81.86 | 53.98 |
| Total Income | 41.71 | 108.65 | 97.28 |
| Profit After Tax | 4.68 | 12.2 | 6.29 |
| EBITDA | 7.89 | 18.96 | 11.04 |
| NET Worth | 30.77 | 25.87 | 14.82 |
| Reserves and Surplus | 21.32 | 16.42 | 5.37 |
| Total Borrowing | 40.04 | 34.52 | 24.14 |
Key Performance Indicator (KPI)
| ROE | 51% |
| ROCE | 26% |
| Debt/Equity | 1.33 |
| RoNW | 41.89% |
| PAT Margin | 10.01% |
| EBITDA Margin | 17.51% |
| Price to Book Value | 4.38 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 17.13 |
| 3 | To meet out the General Corporate Purposes; | 8.45 |
| 4 | Offer for Sale (OFS) | - |
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/
Detail Registrar
IPO Registrar
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
The IPO is a fixed-price issue of ₹56.35 crore, consisting entirely of a fresh issue of 4.70 crore equity shares, with no offer for sale component.
The issue price is ₹12 per share. The minimum lot size is 10,000 shares, and retail investors must invest at least ₹2,40,000 for two lots.
The IPO was open from December 10 to 12, 2025. The allotment was finalized on December 15, and shares were listed on BSE SME on December 17, 2025.
Funds will be used to meet working capital requirements, invest in a subsidiary, repay or pre-pay certain borrowings, and cover general corporate expenses of Shipwaves Online Ltd.
Shipwaves Online offers digital freight forwarding, enterprise SaaS solutions, trade finance, insurance, warehousing, customs clearance, and relocation services, providing efficient, reliable, and cost-effective logistics solutions globally.
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