Shipwaves Online Limited
Fixed Price IPO · BSE
- Price band
- ₹12 - ₹12
- Lot size
- 10,000 shares
- Issue amount
- ₹56.35 cr
- Total subscription
- 1.7×
- Opens
- 10 Dec 2025
- Closes
- 12 Dec 2025
- Allotment
- 15 Dec 2025
- Listing
- 17 Dec 2025
Offer at a glance
Issue overview
- Issue size
- 4,69,60,000 shares
- Face value
- ₹1 Per Share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹56.35 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,20,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 9,45,35,000
- Shares after issue
- 14,14,95,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 20,000 | ₹2,40,000 |
| sHNI | 3 | 30,000 | ₹3,60,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 12 Dec 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| NIB | 0 | 197 |
| RETAIL | 1,116 | 3,261 |
| HNIs (2-10L) | 743 | 195 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 26.77 | 78.29 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 0 | 0 | 0 | 0 |
| ROE | 0 | 0 | 0 | 0 |
| ROCE | 10.18 | 25.79 | 22.78 | 15.41 |
| RONW | 14.49 | 41.89 | 39.38 | 24.78 |
| PRE IPO(PE) | 0 | 9.3 | 0 | 0 |
| POST IPO(PE) | 18.12 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Timescan Logistics (India) | 7.36 | 61.7 | 10.0 | 37.55 | 22.33 | 8.38 |
| Lancer Container Lines | -1,442.00 | 14.42 | 5.0 | 19.45 | -0.07 | -0.01 |
| Tiger Logistics (India) | 15.17 | 38.84 | 10.0 | 13.08 | 19.53 | 2.56 |
| Shipwaves Online | 10.47 | 12 | 1.0 | 2.74 | 41.89 | 1.15 |
Company information
Company profile
Shipwaves Online Limited, incorporated in 2015, is a digital freight forwarding and enterprise SaaS solutions company that provides a unified platform for global shipping and logistics. It offers multimodal transportation across ocean, land, and air, along with services like digital freight forwarding, enterprise SaaS solutions for real-time data insights, and additional support such as trade finance, insurance, warehousing, customs clearance, and relocation. With a team of 35 employees as of February 28, 2025, the company focuses on delivering efficient, cost-effective, and reliable logistics management worldwide
Strengths
- Experienced Leadership: Founders and management bring strategic vision and industry expertise.
- Technology-Driven Logistics Solutions: Innovative software modernizes operations and sets the company apart.
- Emphasis on Efficiency and Service: Focus on cost-effectiveness and high-quality service boosts competitiveness and customer trust.
Risk factors
- Pending Legal Cases: Adverse outcomes from ongoing litigations could affect finances and operations.
- Dependence on Leased Properties: Relying on rented premises may create continuity and cost risks.
- Reliance on Key Suppliers: Disruptions from a few major suppliers could impact operations and service delivery.
Promoters
Mr. Kalandan Mohammed Haris
Mr. Kalandan Mohammed Althaf
Mr. Kalandan Mohammad Arif
Mr. Abid Ali
Mrs. Bibi Hajira
Mr. Mohammed Sahim Haris
Registrar & documents
Lead manager
Finshore Management Services Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
18-2-16/4(3), 3rd Floor, Mukka Corporate House 1st cross, Attavara, Dakshina Kannada Mangaluru, Karnataka, 575001
+91 95381 49978
[email protected]Company website ↗Understanding SHIPWAVES IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.