Incorporated in 2015, Shipwaves Online Ltd. operates in digital freight forwarding and enterprise SaaS logistics solutions. The company provides multimodal shipment management (ocean, land, air), trade finance, insurance, warehousing, customs clearance and relocation services through a technology-driven platform. As of Oct 31, 2025 the company had 35 employees and is led by promoters with logistics domain experience.
Shipwaves Online IPO
| Face Value | ₹1 per share |
|---|---|
| Issue Type | Fixed Price (Fresh Issue) |
| Total Shares Offered | 4,69,60,000 shares (Fresh issue) |
| Market Maker | Anant Securities (Reserved 23,50,000 shares) |
| Net Offered to Public | 4,46,10,000 shares (≈₹53.53 Cr) |
| Registrar | Cameo Corporate Services Ltd. |
| Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 23,50,000 | 5.00% |
| NII (HNI) | 2,23,00,000 | 47.49% |
| Retail (RII) | 2,23,10,000 | 47.51% |
Note: Large lot-size (10,000) — retail minimum is 2 lots (20,000 shares). Check RHP/DRHP for full allocation mechanics.
| IPO Open Date | Wed, Dec 10, 2025 |
|---|---|
| IPO Close Date | Fri, Dec 12, 2025 |
| Tentative Allotment | Mon, Dec 15, 2025 |
| Initiation of Refunds | Tue, Dec 16, 2025 |
| Credit to Demat | Tue, Dec 16, 2025 |
| Tentative Listing Date | Wed, Dec 17, 2025 |
| UPI Mandate Cut-off | 5 PM on Fri, Dec 12, 2025 |
| Application Type | 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 |
Fixed price IPO — every application must respect the 10,000 share lot increments. Check with your broker/RTA for application limits and UPI/ASBA procedures.
Incorporated in 2015, Shipwaves Online Ltd. operates in digital freight forwarding and enterprise SaaS logistics solutions. The company provides multimodal shipment management (ocean, land, air), trade finance, insurance, warehousing, customs clearance and relocation services through a technology-driven platform. As of Oct 31, 2025 the company had 35 employees and is led by promoters with logistics domain experience.
| Period | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 98.37 | 81.86 | 53.98 |
| Total Income | 41.71 | 108.65 | 97.28 |
| Profit After Tax | 4.68 | 12.20 | 6.29 |
| EBITDA | 7.89 | 18.96 | 11.04 |
| Net Worth | 30.77 | 25.87 | 14.82 |
| Total Borrowing | 40.04 | 34.52 | 24.14 |
| Pre IPO EPS | ₹1.29 |
|---|---|
| Post IPO EPS | ₹0.66 |
| Pre IPO P/E | 9.3x |
| Post IPO P/E | 18.12x |
| Price to Book Value | 4.38x |
All figures restated as per the RHP/DRHP. Investors should read the full prospectus for accounting notes and adjustments.
| S.No | Purpose | Amount (₹ Crore) |
|---|---|---|
| 1 | To meet Working Capital requirements | 17.13 |
| 2 | Investment in Subsidiary (working capital) | 10.00 |
| 3 | Repayment / pre-payment of borrowings | 15.00 |
| 4 | General Corporate Expenses | 8.45 |
Shipwaves Online Ltd.
(Company contact per RHP)
Website: (see RHP / company site)
Registrar: Cameo Corporate Services Ltd.
Phone: +91-44-28460390 | Email: ipo@cameoindia.com | https://ipo.cameoindia.com/
Observations: Shipwaves is a tech-led logistics player with improving profitability in recent years. The issue is fixed-price with a low per-share price but very large lot size (10,000) — which effectively raises the ticket size and limits small retail participation. Consider company growth metrics, sector competition, and balance-sheet leverage before subscribing.
This is informational only — not investment advice. Consult a financial advisor before investing.