Shipwaves Online Limited IPO
Shipwaves positions itself as a unified logistics platform delivering end-to-end multimodal transportation solutions across ocean, land, and air. It focuses on efficient, cost-effective, and reliable services that enable businesses to move shipments globally with ease. The platform provides real-time visibility, giving clients full transparency and control from origin to destination. By integrating multimodal capabilities, it offers flexibility to select optimal routes and modes based on speed, cost, or operational requirements.
Price Band₹12 |
Dates10 Dec - 12 Dec |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹56.35 Crs |
Shipwaves IPO Key Dates
Opening Date
10 Dec 25
Closing Date
12 Dec 25
Basis Of Allotment
15 Dec 25
Initiations Of Refund
16 Dec 25
Credit Of Shares
16 Dec 25
Listing Date
17 Dec 25
Shipwaves IPO Objects
- To meet Working Capital Requirements of Issuer Company
- Investment in Subsidiary for funding its working capital requirements
- Payment, in full or part, of certain borrowings availed by the Issuer Company
- General Corporate Expenses
Shipwaves IPO Details
Price Band₹12 |
Listing AtBSE SME |
IPO Issue TypeFixed Price |
Fresh Issue₹56.35 Cr (4.70 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹56.35 Cr (4.70 Cr Shares) |
Face Value₹1 per equity share |
Shipwaves IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
20,000
2,40,000
Maximum
2
20,000
2,40,000
|
|||
| Others |
Minimum
3
30,000
3,60,000
|
|||
Shipwaves IPO GMP
The estimated Grey Market Premium of Shipwaves IPO is ₹0 per share (0.00%)
Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| NII | 50% of Net Offer |
| Retail | 50% of Net Offer |
| Market Maker | 23,50,000 EQ Shares |
Shipwaves IPO Financials
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 40.98 | 108.28 | 96.71 | 69.31 |
| PAT | 4.46 | 10.84 | 5.84 | 2.24 |
| Net Worth | 30.77 | 25.87 | 14.82 | 9.04 |
| Borrowings | 40.04 | 34.52 | 24.14 | 13.11 |
| Assets | 98.37 | 81.86 | 53.98 | 26.43 |
| NAV (₹) | 3.25 | 2.74 | 1.57 | 0.96 |
| EPS (₹) | 0.47 | 1.15 | 0.62 | 0.24 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | VALUES |
|---|---|
| EBITDA | 17.51% |
| PAT | 10.01% |
| RONW | 41.89% |
| ROCE | 25.79% |
| Debt to Equity | 1.33 |
| PE Ratio | 10.43 |
| PB Ratio | 4.38 |
| Mkt Cap (in Crs.) | 169.79 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Shipwaves IPO Peer Comparision
| Particulars | Shipwaves | Tiger Logistics | Lancer Container | Timescan Logistics |
|---|---|---|---|---|
| Revenue | 108.28 | 536.31 | 699.14 | 257.97 |
| PAT | 10.84 | 27.01 | -0.35 | 5.86 |
| EPS | 1.15 | 2.56 | -0.01 | 8.38 |
| NAV | 2.74 | 13.08 | 19.45 | 37.55 |
| RONW | 41.89% | 19.53% | -0.07% | 22.33% |
| EBITDA | 17.51% | 5.76% | 4.36% | 3.75% |
| PAT Margin | 10.01% | 4.95% | -0.05% | 2.27% |
| PE Ratio | 10.43 | 15.17 | 0.00 | 7.36 |
| Debt to Equity | 1.33 | 0.20 | 0.14 | 0.17 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of November, 12 2025 for Peers
Shipwaves IPO Peer Comparision
| Particulars | Shipwaves |
|---|---|
| Revenue | 108.28 |
| PAT | 10.84 |
| EPS | 1.15 |
| NAV | 2.74 |
| RONW | 41.89% |
| EBITDA | 17.51% |
| PAT Margin | 10.01% |
| PE Ratio | 10.43 |
| Debt to Equity | 1.33 |
| Tiger Logistics | Lancer Container | Timescan Logistics |
|---|---|---|
| 536.31 | 699.14 | 257.97 |
| 27.01 | -0.35 | 5.86 |
| 2.56 | -0.01 | 8.38 |
| 13.08 | 19.45 | 37.55 |
| 19.53% | -0.07% | 22.33% |
| 5.76% | 4.36% | 3.75% |
| 4.95% | -0.05% | 2.27% |
| 15.17 | 0.00 | 7.36 |
| 0.20 | 0.14 | 0.17 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of November, 12 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Mohammed Haris | 31.58% |
| Mohammed Althaf | 10.53% |
| Mohammad Arif | 10.53% |
| Abid Ali | 42.02% |
| Others | 5.31% |
| Total | 99.97% |
Management Details
| Name | Designation |
|---|---|
| Haris Kalandan | Chairman |
| Zeeshan Mohammed | CFO |
Company Details
Name: Shipwaves Online Limited
Address: 18-2-16/4(3), 3rd Floor, Mukka Corporate House 1st cross, Attavara, Dakshina Kannada, Mangalore, Karnataka, India, 575001
Number: +91 95381 49978
Email: secretarial@shipwaves.com
Website: www.shipwaves.com
Book Running Lead Managers (BRLMs)
RTAs
Cameo Corporate Services
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Shipwaves IPO is a SME IPO having an issue size of Rs. ₹56.35 Crs. Shipwaves IPO is priced at ₹12 - ₹12 per share. The issue opens on 10 Dec 25 and closes on 12 Dec 25.
Shipwaves IPO opens on 10 Dec 25 and closes on 12 Dec 25.
The estimated Grey Market Premium of Shipwaves IPO is ₹0 per share (0.00%).
The minimum lot size of Shipwaves IPO is 10000 shares & the minimum application amount is Rs. 120000.
The allotment date of Shipwaves IPO is 15 Dec 25.
The listing date of Shipwaves IPO is 17 Dec 25.
Shipwaves IPO is subscribed -.
Shipwaves IPO is priced at ₹12 - ₹12 per share.
Click the allotment link on Shipwaves IPO page of IPO360.
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- Select Shipwaves IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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