Shipwaves Online Ltd IPO Subscription Status: IPO Receives 1.37 Times Subscription Applications by Noon of Day 3

December 12, 2025: Shipwaves Online IPO recorded has received 1.37 times subscription status applications by 1:14 PM on December 12, 2025, the third day of the issue. 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.

The issue opened on December 10 and will close today, December 12, 2025. Shipwaves Online IPO will list on BSE SME with a tentative listing date fixed as Dec 17, 2025.

Incorporated in 2015, Shipwaves Online Limited operates in digital freight forwarding and enterprise SaaS solutions. The company provides a unified logistics platform that supports multimodal transportation across ocean, land, and air, enabling businesses to manage shipping and related services through a single digital interface.

Details of Shipwaves Online Ltd IPO Subscription Status

The Shipwaves Online IPO was subscribed 1.37 times by 1:19 PM on December 12, 2025, the third day of bidding. The individual investors category recorded 2.42 times subscription, the NII category stood at 0.32 times, and the QIB (excluding anchor) category was at [.] times. In the market maker segment, 23.50 lakh shares were offered and fully bid for. 

Non-institutional buyers had 2.23 crore shares on offer with bids for 70.80 lakh shares. Individual investors had 2.23 crore shares available with bids for 5.39 crore shares. Overall, 4.46 crore shares were offered and 6.10 crore shares were bid for, with a total application value of ₹73.25 crore across 2,902 applications.

Day 1& 2 Overview of Shipwaves Online Ltd IPO Subscription Status

The day wise subscription status data for the Shipwaves Online IPO shows progressive bidding across all categories. On Day 1 (December 10, 2025), the NII category stood at 0.23 times, the individual investors category at 0.67 times, and the total subscription at 0.45 times. 

On Day 2 (December 11, 2025), NII moved to 0.27 times, individual investors reached 1.76 times, and the total subscription status rose in to 1.02 times. By Day 3 (December 12, 2025), NII reached 0.32 times, individual investors stood at 2.42 times, and the overall subscription status was 1.37 times.

Utilisation of the Proceeds of Shipwaves Online Ltd IPO

The funds raised from the IPO will be used to support working capital needs, to invest in its subsidiary, to fund its operations, and to repay certain borrowings. The balance will be used for general corporate purposes to improve overall operational efficiency and support business expansion.

Source: https://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=4355&type=FPO&idtype=1&status=L&IPONo=7496&startdt=10/Dec/2025

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