Shipwaves Online IPO Details
| IPO Open Date | December 10, 2025 |
| IPO Close Date | December 12, 2025 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹12 Per Share |
| Issue Size | Approx ₹56.35 Crores |
| Fresh Issue | Approx ₹56.35 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Shipwaves Online IPO Review & Key Points
- Review: Neutral
- Rating: 2
Shipwaves Online IPO Market Lot
The Shipwaves Online IPO minimum market lot is 20,000 shares with ₹2,40,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 20,000 | ₹2,40,000 |
| Retail Maximum | 2 | 20,000 | ₹2,40,000 |
| S-HNI Minimum | 3 | 30,000 | ₹3,60,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| NII Shares Offered | 2,23,00,000 Shares | 47.49% |
| Retail Shares Offered | 2,23,10,000 Shares | 47.51% |
Shipwaves Online IPO Dates
The Shipwaves Online IPO date is December 10 and the close date is December 12. The Shipwaves Online IPO allotment will be finalized on December 15 and the IPO listing on December 17.
| IPO Open Date: | December 10, 2025 |
| IPO Close Date: | December 12, 2025 |
| Basis of Allotment: | December 15, 2025 |
| Refunds: | December 16, 2025 |
| Credit to Demat Account: | December 16, 2025 |
| IPO Listing Date: | December 17, 2025 |
| IPO Bidding Cut-off Time: | December 12, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Mr. Kalandan Mohammed Haris, Mr. Kalandan Mohammed Althaf, Mr. Kalandan Mohammad Arif, Mr. Abid Ali, Mrs. Bibi Hajira and Mr. Mohammed Sahim Haris.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 9,45,35,000 | 99.96% |
| Promoter Holding Post Issue | 14,14,95,000 | 66.73% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| To meet Working Capital Requirements of Issuer Company | ₹17.13 |
| Investment in Subsidiary for funding its working capital requirements | ₹10.00 |
| Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Issuer Company | ₹15.00 |
| General Corporate Purpose | ₹8.45 |
About Shipwaves Online IPO
Shipwaves Online Limited is one of the leading companies in terms of providing digital freight forwarding services and software solutions for businesses. Moreover, the company also offered a single platform for shipping and logistics, whether it could be by sea, land, or air. Moreover, as the company has capabilities of multimodal transport, the company provides flexibility of routes and modes of transportation to meet the client’s requirements. Moreover, due to this accessibility, they are able to provide good services to the consumers. The company assists other businesses to enhance freight movement, reduce manual work, and achieve cost and time savings.
In their Freight Forwarding, various shipping services and methods are available, such as Ocean Full Container Load, Ocean Less than Container Load, NVOCC Non-Vessel Operating Common Carrier Air Cargo, and Road Transport.
Additionally, in Ocean FCL, a full container is used to transport goods for just a single client, along with security, faster transit, and cost efficiency for bulk shipments. On the flip side, various clients’ goods in containers, along with cost efficiency and small space for shipments, do not require a full container.
Shipwaves Online IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹97.28 | ₹90.03 | ₹6.29 | ₹53.98 |
| 2025 | ₹108.65 | ₹94.98 | ₹12.20 | ₹81.86 |
| September 2025 | ₹41.71 | ₹36.16 | ₹4.68 | ₹98.37 |
Shipwaves Online IPO Valuation – FY2025
Check Shipwaves Online IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 77.44% |
| ROCE: | 75.10% |
| EBITDA Margin: | 20.80% |
| PAT Margin: | 18.82% |
| Debt to equity ratio: | 0.08 |
| Earning Per Share (EPS): | ₹1.15 (Basic) |
| Price/Earning P/E Ratio: | 10.47 |
| Return on Net Worth (RoNW): | 41.89% |
| Net Asset Value (NAV): | ₹2.74 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Tiger Logistics (India) Limited | 2.56 | 20.12 | 19.53% | 13.08 | 536.31 Cr. |
| Lancer Container Lines Limited | (0.01) | (1,442.00) | (0.07%) | 19.45 | 699.14 Cr. |
| Timescan Logistics (India) Limited | 8.38 | 7.36 | 22.33% | 37.55 | 257.97 Cr. |
IPO Lead Managers aka Merchant Bankers
- Finshore Management Services Ltd.
Company Address
Shipwaves Online Ltd.
18-2-16/4(3), 3rd Floor,
Mukka Corporate House 1st cross,
Attavara, Dakshina Kannada
Mangaluru, Karnataka, 575001
Phone: +91 95381 49978
Email: [email protected]
Website: http://www.shipwaves.com/
IPO Registrar
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
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