Shipwaves Online IPO

₹1,20,000/10000 shares

Minimum Investment

IPO Details

Open Date

30 Sep 25

Close Date

06 Oct 25

Minimum Investment

₹1,20,000

Lot Size

10000

Price Range

₹12 to ₹12

Listing Exchange

BSE

Issue Size

₹56.35 Cr

Listing Date

09 Oct 25

Open Free Demat Account

Shipwaves Online IPO Timeline

Bidding Start

30 Sep 25

Bidding Ends

06 Oct 25

Allotment Finalisation

07 Oct 25

Refund Initiation

08 Oct 25

Demat Transfer

08 Oct 25

Listing

09 Oct 25

Shipwaves Online Limited

Incorporated in 2015, Shipwaves Online Limited operates in digital freight forwarding and enterprise SaaS solutions. The company provides a unified platform for shipping and logistics, offering multimodal transportation across ocean, land, and air to ensure efficient, cost-effective, and reliable global shipment management. Its services include digital freight forwarding, enterprise software solutions delivering real-time operational insights, and additional offerings like trade finance, insurance, warehousing, customs clearance, and relocation. As of 28 February 2025, Shipwaves Online Limited employs 35 professionals, supporting its comprehensive logistics and technology-driven solutions.

Shipwaves Online Limited IPO Overview

Shipwaves Online IPO is a fixed-price issue worth ₹56.35 crores, comprising entirely a fresh issue of 4.70 crore shares. The IPO opens for subscription on 30 September 2025 and closes on 6 October 2025, with allotment expected to be finalised on 7 October 2025. The shares will be listed on BSE SME, tentatively on 9 October 2025. Priced at ₹12 per share, the IPO has a lot size of 10,000 shares, with a minimum retail investment of ₹2,40,000 and HNI minimum investment of ₹3,60,000. Finshore Management Services Ltd. is the book running lead manager, and Cameo Corporate Services Ltd. is the registrar.

Shipwaves Online Limited IPO Details

Particulars	Details
IPO Date	30 September 2025 to 6 October 2025
Listing Date	9 October 2025
Face Value	₹1 per share
Issue Price	₹12 per share
Lot Size	10,000 Shares
Total Issue Size	4,69,60,000 shares (₹56.35 Cr)
Fresh Issue	4,69,60,000 shares (₹56.35 Cr)
Offer for Sale	NA
Issue Type	Fixed Price IPO
Listing At	BSE SME
Share Holding Pre Issue	9,45,35,000 shares
Share Holding Post Issue	14,14,95,000 shares
Market Maker Portion	23,50,000 shares (₹2.82 Cr)

Shipwaves Online Limited IPO Reservation

Investor Category	Shares Offered
Retail	50% of the Net Issue
NII (HNI)	50% of the Net Issue

Shipwaves Online Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	20,000	₹2,40,000
Retail (Max)	2	20,000	₹2,40,000
HNI (Min)	3	30,000	₹3,60,000

Shipwaves Online Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	99.96%
Post-Issue	66.73%

Shipwaves Online Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹0.89
Price/Earnings (P/E) Ratio	16.91
Return on Net Worth (RoNW)	39.38%
Net Asset Value (NAV)	₹20.37
Return on Equity	48.34%
Return on Capital Employed (ROCE)	22.78%
EBITDA Margin	11.42%
PAT Margin	6.04%
Debt to Equity Ratio	1.63

Objectives of the Proceeds

Meet working capital requirements of the company – ₹28.47 Cr

Investment in subsidiary for working capital – ₹10.00 Cr

Repayment/pre-payment of borrowings – ₹15.00 Cr

Issue related expenses – ₹6.97 Cr

General corporate purposes – ₹10.00 Cr

Key Financials (in ₹ Crore)

Particulars	30 Sep 2024	31 Mar 2024
Assets	65.80	53.98
Revenue	45.81	97.28
Profit After Tax	6.28	6.29
Reserves and Surplus	10.92	5.37
Total Borrowings	24.82	24.14

SWOT Analysis of Shipwaves Online IPO

Strength and Opportunities

Experienced promoters and qualified management team
Innovative enterprise software for logistics solutions
Diverse customer base across multiple sectors
Comprehensive third-party logistics solutions
Cost-efficient and reliable shipping solutions

Risks and Threats

Highly competitive logistics and SaaS market
Limited scale compared to global logistics players
High dependence on technology infrastructure
Regulatory changes could impact operations
Fluctuating fuel and transport costs

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About Shipwaves Online Limited

Shipwaves Online IPO Strengths

Promoters and management possess extensive experience in logistics and SaaS.

Innovative enterprise software enhances operational efficiency and customer satisfaction.

Diverse client base across multiple sectors ensures stable revenue streams.

Comprehensive end-to-end logistics and freight forwarding solutions.

Cost-efficient operations with reliable technology infrastructure.

Strategic focus on global expansion and digitalization in logistics.

Peer Group Comparison

As per the DRHP, there are no comparable listed peer of the company and therefore information related to peer is not provided

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