Shipwaves Online Ltd IPO — GMP ₹0

Important Dates

6/6 completed

Open

Allotment

Refund

Demat

Listing

Done

Open Date

10 Dec 2025

Wed Completed

Done

Close Date

12 Dec 2025

Fri Completed

Done

Allotment

15 Dec 2025

Mon Completed

Done

Refund

16 Dec 2025

Tue Completed

Done

Demat Credit

16 Dec 2025

Tue Completed

Done

Listing Date

17 Dec 2025

Wed Completed

UPI Deadline: 12 Dec 2025

Issue Details

Pricing & Size

Issue Price

₹12 Face ₹1

Lot Size

10,000 shares

Min Investment

₹120,000

Total Issue Size

4,69,60,000 shares (aggregating up to ₹56.35 Cr)

IPO Information

Issue Type

Fixed Price IPO

Sale Type

Fresh Capital

Listing Exchange

BSE SME

Script / Ticker

Allocation Breakdown

Market Maker

23,50,000 (5.00%)

QIB Portion

NII / HNI

2,23,00,000 (47.49%)

Retail

2,23,10,000 (47.51%)

Employee

Net Offer to Public

4,46,10,000 shares (aggregating up to ₹53.53 Cr)

Shareholding Pattern

Pre-Issue Shareholding

9,45,35,000 shares

Post-Issue Shareholding

14,14,95,000 shares

Application Size

Category	Min Lots	Shares	Amount
Retail (sNII)	2	20,000	₹2,40,000
HNI / NII	3	₹3,60,000	₹3,60,000

Objects of Issue

5 objectives

To meet Working Capital Requirements of Issuer Company

17.13 Cr

Investment in Subsidiary for funding its working capital requirements

10 Cr

Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Issuer Company

15 Cr

Issue Related Expenses

5.77 Cr

General Corporate Expenses

8.45 Cr

Lead Managers & Market Maker

Book Running Lead Managers

Finshore Management Services Ltd.

Market Maker

Anant Securities

IPO Timeline

Open

10 Dec

✓ Done

12 Dec

✓ Done

Allotment

15 Dec

✓ Done

Listing

17 Dec

✓ Done

Registrar Details

Cameo Corporate Services Ltd

SEBI Registered Registrar & Transfer Agent

Phone

+91-44-28460390

ipo@cameoindia.com

Website

https://ipo.cameoindia.com/

Check Allotment Status

Company Contact

Website

http://www.shipwaves.com/

secretarial@shipwaves.com

Phone

+91 95381 49978

Address

8-2-16/4(3), 3rd Floor, Mukka Corporate House 1st cross, Attavara, Dakshina Kannada Mangaluru, Karnataka, 575001

Grey Market Premium

LIVE

Current GMP

+₹0

+0% vs Issue Price

Issue Price

₹12

Est. Listing

₹12

Lot Size

10,000 shares

P&L / Lot

+₹0

GMP is unofficial grey market data. Does not guarantee listing price or returns.

GMP Return Calculator

Issue Price (₹)

GMP (₹)

Lot Size

Number of Lots

Estimated Listing

GMP %

Investment (1 Lot)

Total Investment

Expected P&L

ROI

Shipwaves Online Ltd LIVE

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| Price

Market Reference

IPO Issue Price

₹12

GMP

+₹0 (+0%)

GMP Est. Listing

₹12

Previous Close

—

Exchange

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Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.

Category-wise Subscription

Category	Sub (×)	Offered	Bid For	Amt (Cr)*
NII / HNI (Total)	—	2,23,00,000 (47.49%)	—	₹2,676.00 Cr
Retail Investors	—	2,23,10,000 (47.51%)	—	₹2,677.20 Cr
Total **	—	4,69,60,000 (100.00%)	—	₹56,352.00 Cr
Market Maker *	—	23,50,000 (5.00%)	—	₹28.20 Cr

* Based on ₹12.00 (upper price band)

NII / HNI Breakdown

Shares Reserved

NII

2,23,00,000 (47.49%)

Retail

2,23,10,000 (47.51%)

Market Maker

23,50,000 (5.00%)

* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.

Financial Summary

Amount in ₹ Crore

Metric	31 Mar 2025	31 Mar 2024	31 Mar 2023
Revenue	108.65	97.28	69.49
PAT	12.20	6.29	2.24
EBITDA	18.96	11.04	4.06
Net Worth	25.87	14.82	-1.31
Total Assets	81.86	53.98	26.43
Reserves	16.42	5.37	-0.41
Borrowings	34.52	24.14	8.89

Key Financial Ratios

50.85%

ROE

Return on Equity

25.79%

ROCE

Return on Capital Employed

41.89%

RONW

Return on Net Worth

10.01%

PAT Margin

PAT / Revenue

17.51%

EBITDA Mgn

EBITDA / Revenue

1.33

D/E Ratio

Debt to Equity

4.38

P/BV

Price to Book Value

1.29

Pre EPS

EPS Pre-Issue

0.86

Post EPS

EPS Post-Issue

9.3

Pre P/E

P/E Pre-Issue

13.92

Post P/E

P/E Post-Issue

About Shipwaves Online Ltd

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 support for global shipments.
Enterprise SaaS Solutions:Offering software solutions that digitalize shipping and logistics, delivering real-time data insights to enhance operational efficiency.
Other Services: The company offers trade finance, insurance, warehousing, customs clearance, and relocation services for secure, efficient global logistics.

As of the February 28, 2025, the company has 35 employees on payroll.

Competitive Strengths:

Experienced Promoters and Qualified Management Team
Innovative Software: Revolutionizing Logistics Solutions
Commitment to Cost Efficiency and Excellence in Logistics
Diverse Customer Base Across Many Sectors
Comprehensive and Customized Third-Party Logistics Solutions

Frequently Asked Questions

What is the issue price of Shipwaves Online Ltd IPO?

The issue price of Shipwaves Online Ltd IPO is ₹12 per share, face value ₹1.

What is the lot size?

Minimum lot size is 10,000 shares, requiring ₹120,000.

What are the IPO dates?

Opens 10 Dec 2025, closes 12 Dec 2025.

When is the listing date?

Tentative listing: 17 Dec 2025 on BSE SME.

What is the current GMP?

Current GMP is +₹0, estimated listing ₹12 (+0%). GMP is unofficial.

How to apply?

Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Shipwaves Online Ltd IPO · Expected 15 Dec 2025

Check on Registrar

Post-IPO Timeline

Allotment Date

15 Dec 2025

Refund Initiation

16 Dec 2025

Demat Credit

16 Dec 2025

Listing Date

17 Dec 2025

Live Price LIVE

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Quick Facts

Closed

GMP Signal

Bullish

+₹0

+0%

Issue Price

₹12

Face ₹1

Lot Size

10,000

shares / lot

Min Amount

₹120,000

1 lot

Est. Listing

₹12

GMP +₹0

Key Dates

Open

10 Dec Done

12 Dec Done

Listing

17 Dec Done

Registrar

Cameo Corporate Services Ltd