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Shipwaves Online IPO
1.69xsubscribed

Shipwaves Online IPO

Logistics
listed
₹2.40LMin. investment

Shipwaves Online Limited IPO Details

SectorLogistics
Price range₹12.00 – ₹12.00
IPO type
SME
Lot size10000 shares
Issue size₹56Cr
Red Herring Prospectus
Read
Market cap
₹169.79CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹108.28CrLower than sector avg
Growth rate3Y CAGR
24.99%Higher than sector avg

Shipwaves Online IPO Subscription Status

Date
QIB
NII
Retail
Total
30-Sep-25
0.0 times (X)
0.0 times (X)
0.0 times (X)
0.0 times (X)
10-Dec-25
0.0X
0.12X
0.66X
0.45X
11-Dec-25
0.0X
0.27X
1.76X
1.07X
12-Dec-25
0.0X
0.36X
2.91X
1.69X

As on 30-Sep-25, 11:00 AM

Shipwaves Online IPO Timeline

  1. Pre-apply
    9 Dec 2025
  2. Bid start
    10 Dec 2025
  3. Bid end
    12 Dec 2025
  4. Allotment
    15 Dec 2025
  5. Release of funds
    16 Dec 2025
  6. Demat transfer
    16 Dec 2025
  7. Listing
    17 Dec 2025

About Shipwaves Online Limited

Incorporated in 2015, Shipwaves Online offers multimodal transportation solutions across ocean, land, and air with real-time visibility as a comprehensive, single unified platform for shipping and logistics needs. It operates through two primary services: digital freight forwarding and enterprise SaaS solutions. In FY25, freight forwarding contributed 83.35% of revenue, of which 66.45% came from ocean shipment, followed by road shipment at 12.10%. 63.18% of revenue comes from India, while exports accounted for the rest in FY25. Domestically, Karnataka contributed 61.11% of revenue, followed by Maharashtra at 28.24% in FY25. The company has a subsidiary, “Shipwaves Online LLC” in Dubai, which focuses on digital freight forwarding in the Middle East region.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Objectives of Shipwaves Online Limited IPO

Working capital
30.40%
The company will utilise ₹17.13 crore towards funding working capital requirements.
Repayment of loans
26.62%
The company will utilise ₹15.00 crore towards repayment of borrowings.
General corporate purposes
25.20%
Part of the IPO proceeds will be used for general corporate purposes
Investment in subsidiary
17.75%
The company will use ₹10.00 crore to invest in a subsidiary to fund working capital requirements.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹108.28Cr24.99%₹12.19Cr₹169.79Cr10.431.33
This sector (avg.)₹711.28Cr0.02%-₹13.78Cr₹1,677.75Cr34.350.59
₹8,887.02Cr---₹1,291.84Cr₹38,252.26Cr31.230.07
₹6,763.79Cr---₹787.42Cr₹25,640.55Cr35.750.99
₹426.73Cr----₹38.28Cr₹10,164.42Cr29.860.03

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Shipwaves Online IPO Contact Details

Company NameShipwaves Online Limited

How to apply for Shipwaves Online IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Shipwaves Online Limited IPO FAQs