The Shipwaves Online IPO was subscribed 1.64 times on the last day. The retail quota was subscribed over 2.92 times, NII was subscribed over 0.36 times, and QIB was subscribed 0.00 times, respectively.
Details About Shipwaves Online IPO
Shipwaves Online got approval from SEBI for an IPO of around ₹56.35 crores. Shipwaves Online IPO is a fresh issue of ₹56.35 crores with a face value of ₹1 each.
Furthermore, Shipwaves Online had a set price band of ₹12 per share.
In the Shipwaves Online IPO, 20,000 shares were in 2 lot sizes for the retail minimum and maximum categories as well.
Moreover, 30,000 shares were in 3 lot sizes for the S-HNI Minimum category.
To invest in the Shipwaves Online IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹2,40,000.
- SHNI (S-HNI): Minimum investment of ₹3,60,000.
Shipwaves Online IPO’s Subscription Duration
The opening date of Shipwaves Online IPO was on December 10, 2025, and the closing date was on December 12, 2025. The allotment date of Shipwaves Online IPO was on December 15, 2025, and the investors will receive a refund on December 16, 2025. Shipwaves Online is set to be listed on December 17, 2025.
Shipwaves Online IPO funds deployment
- The proceeds raised from the fresh issue will be used to meet the Working Capital Requirements of the Issuer Company
- A portion of the proceeds will be utilized towards the investment in the Subsidiary for funding its working capital requirements.
- Some funds will be used for the repayment/prepayment of the existing borrowings taken by the company.
- Lastly, the remaining funds will be used for the company’s general corporate purposes.
About Shipwaves Online Company
One of the growing digital freight forwarding service providers, Shipwaves Online Limited, was founded in 2015. Along with freight forwarding services, the company also offers enterprise SaaS solutions. 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.
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. Moreover, due to this accessibility, they can provide good services to the consumers. The company assists other businesses to enhance freight movement, reduce manual work, and achieve cost and time savings.
Financial Report of the Shipwaves Online Company
The company reported revenue of ₹108.65 crores in 2025. The company reported a profit of ₹12.20 crores in 2025.
