Shipwaves Online
BSE SME₹2,40,000 / Individual : 20000 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 12 Dec 2025, 12:09 PM |
| NII | 0.41 times |
| Total | 1.34 times |
Shipwaves Online IPO Details
The Shipwaves Online IPO price band is set between ₹12 per equity share, with a face value of ₹1 per share. The issue is managed by Cameo Corporate Services Ltd., and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 10 Dec, 2025 and closes on 12 Dec, 2025. Investors can check the allotment status on 15 Dec, 2025, while the listing date is tentatively scheduled for 17 Dec, 2025.
The total issue size is 4,69,60,000 shares, aggregating up to ₹56.35 crore. Stay tuned for the latest Shipwaves Online IPO review and GMP updates.
Shipwaves Online IPO Review, Rating & Analysis
Shipwaves Online IPO Review
NO REVIEWShipwaves Online IPO Rating
Shipwaves Online IPO Highlights
IPO Date
Dec 10, 2025 - Dec 12, 2025
Listing Date
17 Dec, 2025
Face Value
₹1 Per Equity Share
Price Band
₹12 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Shipwaves Online IPO Lot Size
The minimum market lot for Shipwaves Online IPO is 20000 shares with an application amount of ₹2,40,000. Retail investors can apply for up to 0 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20000 | ₹2,40,000 |
| Retail (Max) | 0 | 0 | ₹0 |
| S-HNI (Min) | 1 | 20000 | ₹2,40,000 |
| S-HNI (Max) | 4 | 80000 | ₹9,60,000 |
| B-HNI (Min) | 5 | 100000 | ₹12,00,000 |
Shipwaves Online IPO Timeline
Issue Price
₹12 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE SMERegistrar
Cameo Corporate Services Ltd.Lead Manager
Finshore Management Services Ltd.Issue Size
4,69,60,000 shares(aggregating up to ₹56.35 crore)Shipwaves Online IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30-Sep-25 | 98.37 | 41.71 | 4.68 | 30.77 | 21.32 | 40.04 |
| 31-Mar-25 | 81.86 | 108.65 | 12.20 | 25.87 | 16.42 | 34.52 |
| 31-Mar-24 | 53.98 | 97.28 | 6.29 | 14.82 | 5.37 | 24.14 |
| 31-Mar-23 | 26.43 | 69.49 | 2.24 | -1.31 | -0.41 | 8.89 |
In Cr.
Shipwaves Online IPO Reservation Details
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Market Maker Shares Offered | 2350000 | 5.01% |
| NII (HNI) Shares Offered | 22300000 | 47.51% |
| Individual Shares Offered | 22310000 | 47.51% |
| Total Shares Offered | 46960000 | 100% |
Shipwaves Online IPO Valuations
EPS Pre IPO
₹1.29/-EPS Post IPO
₹0.66/-PE Pre IPO
9.3PE Post IPO
18.12ROE
50.85%ROCE
25.79%Debt Equity
1.33RoNW
41.89%PAT Margin
10.01%Price to Book Value
4.38Promoters & Share Holding
Promoter(s) Name
- Mr. Kalandan Mohammed Haris, Mr. Kalandan Mohammed Althaf, Mr. Kalandan Mohammad Arif, Mr. Abid Ali, Mrs. Bibi Hajira and Mr. Mohammed Sahim Haris
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.96% | 66.73% |
About Company
Incorporated in 2015, Shipwaves Online Limited deals with digital freight forwarding and enterprise SaaS solutions.
With a single platform for shipping and logistics, multimodal ocean, land, and air transportation solutions are offered ensuring effective, economical, and reliable global shipment management.
Services:
Digital Freight Forwarding:Utilizing advanced technology to make logistics smooth, offering end-to-end solutions for global shipments.
Enterprise SaaS Solutions:Providing software solutions that digitize shipping and logistics, providing real-time data insights to maximize operating efficiency.
Other Services: The firm provides trade finance, insurance, warehousing, customs clearance, and relocation services for secure, efficient global transportation.
As of February 28, 2025, the firm employs 35 people on the payroll.
Shipwaves Online IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,23,00,000 | <span>
2,23,10,000
</span> | 4,46,10,000 | |
Day 110-12-25 05:00 PM | 0.23 x | <span>
0.67
x
</span> | 0.45 x | |
Day 211-12-25 05:00 PM | 0.38 x | <span>
1.76
x
</span> | 1.07 x |
Shipwaves Online IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| To meet Working Capital Requirements of Issuer Company | - |
| Investment in Subsidiary for funding its working capital requirements | - |
| Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Issuer Company | - |
| General Corporate Expenses | - |
Company Contact Details
Shipwaves Online
18-2-16/4(3), 3rd Floor, Mukka Corporate House 1st Cross, Attavara, Dakshina Kannada, Mangaluru, Karnataka, 575001Registrar Contact Details
Cameo Corporate Services Limited
Frequently Asked Questions about Shipwaves Online IPO
When will Shipwaves Online IPO open for subscription?
The Shipwaves Online IPO opens on 10 Dec, 2025 and closes on 12 Dec, 2025.
What is the investors portion for Shipwaves Online IPO?
The investors' portion for QIB is 0.38 x, NII is 1.76 x, and Retail is .
How to apply for Shipwaves Online IPO?
You can apply for Shipwaves Online IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Shipwaves Online IPO?
The issue size of Shipwaves Online IPO is approx ₹4,69,60,000 shares(aggregating up to ₹56.35 crore) crores.
What is the price band of Shipwaves Online IPO?
The price band for Shipwaves Online IPO is ₹12 per equity share to ₹undefined.
What is the lot size of Shipwaves Online IPO?
The minimum bid (lot size) for Shipwaves Online IPO is 10000 shares with an investment of approx ₹2,40,000 .
What is the allotment date of Shipwaves Online IPO?
The allotment date for Shipwaves Online IPO is 15 Dec, 2025.
What is the listing date of Shipwaves Online IPO?
The listing date for Shipwaves Online IPO is expected to be 17 Dec, 2025.
What is the GMP of Shipwaves Online IPO?
The latest Grey Market Premium (GMP) for Shipwaves Online IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.