Shipwaves Online IPO Details
| Detail | Description |
|---|---|
| IPO Date | 10 to 12 Dec, 2025 |
| Listing Date | 17 Dec, 2025 |
| Face Value | ₹ 1 per share |
| Issue Price Band | ₹ 12 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 4,69,60,000 shares (aggregating up to ₹ 56.35 Cr) |
| Reserved for Market Maker | 23,50,000 shares (aggregating up to ₹ 2.82 Cr) Anant Securities |
| Net Offered to Public | 4,46,10,000 shares (aggregating up to ₹ 53.53 Cr) |
| 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 |
About Shipwaves Online IPO
Shipwaves Online IPO is a fixed price issue of ₹56.35 crores. The IPO consists entirely of a fresh issue of 4.69 crore shares. The issue price is fixed at ₹12 per share, with a lot size of 10,000 shares. The minimum investment required by a retail investor is ₹2,40,000 (20,000 shares or 2 lots). The IPO opens for subscription on December 10, 2025 and closes on December 12, 2025. Shares of Shipwaves Online IPO will list on the BSE SME platform, with a tentative listing date of December 17, 2025.
Company Background
Shipwaves Online Ltd, incorporated in 2015, operates in digital freight forwarding and enterprise SaaS solutions for logistics. The company provides a unified platform for multimodal transportation across ocean, land and air, including freight booking, customs clearance, trade finance, insurance, warehousing and relocation services. It leverages advanced technology for real-time shipment tracking, cost comparison and operational efficiency, serving exporters, importers and SMEs in sectors like chemicals and textiles. As of October 31, 2025, the company employs 35 people and maintains branch offices to support its global network.
Use of Proceeds
The net proceeds will fund working capital (₹17.13 Cr), investment in subsidiary's working capital (₹10 Cr), repayment of borrowings (₹15 Cr) and general corporate expenses (₹8.45 Cr).
Conclusion
The Shipwaves Online IPO offers exposure to India's booming digital logistics sector, backed by robust growth metrics like 12% revenue increase and 94% PAT jump in FY25. With its modern tech platform, diversified services and strong profitability indicators, the company stands ready for expansion amid rising global trade demands. Investors eyeing SME opportunities in logistics tech may find this issue compelling at its fixed pricing.
Shipwaves Online IPO Financial Information
Latest Revenue
41.71
₹ Crore
Profit After Tax
4.68
₹ Crore
Net Worth
30.77
₹ Crore
Total Borrowing
40.04
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 98.37 | 41.71 | 4.68 | 30.77 | — | 40.04 | |||
| 31 Mar 2025 | 82 | 109 | 12 | 25.87 | — | 34.52 | |||
| 31 Mar 2024 | 53.98 | 97.28 | 6.29 | 14.82 | — | 24.14 | |||
| 31 Mar 2023 | 26.43 | 69.49 | 2.24 | -1.31 | — | 8.89 | |||
| Amount in ₹ Crore | |||||||||
Shipwaves Online Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 50.85% |
| ROCE | 25.79% |
| Debt/Equity | 1.33 |
| RoNW | 41.89% |
| PAT Margin | 10.01% |
| EBITDA Margin | 17.51% |
| Price to Book Value | 4.38 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.29 | 1 |
| P/E (x) | 9.3 | 18 |
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Competitive Strengths
Tech-driven platform offering end-to-end digital logistics under one roof, with AI-based automation for ocean, land and air cargo.
Strong financial growth: revenue up 12% and PAT surged 94% from FY24 to FY25, with EBITDA margins at 17.51%.
Healthy KPIs include ROE of 50.85%, ROCE of 25.79% and PAT margin of 10.01% as of March 31, 2025.
Asset-light model with 99.96% promoter holding pre-IPO, scaling efficiently in a fragmented market.
Download regulatory filings
Shipwaves Online IPO Timeline
| 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 of Shares to Demat | Tue, Dec 16, 2025 |
| Tentative Listing Date | Wed, Dec 17, 2025 |
| Cut-off time for UPI mandate confirmation | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 20000 | 240000 |
| Individual investors (Retail) (Max) | 2 | 20000 | 240000 |
| HNI (Min) | 3 | 30000 | 360000 |