Shipwaves Online Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

10 Dec 2025

Close Date

12 Dec 2025

Allotment

15 Dec 2025

Listing Date

17 Dec 2025

Exchange

BSE SME

Price Band

₹12

Listing Price

See chart

Allotment Status

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Price Band

₹12

Per share

Face Value

₹1 per share

Lot Size

10,000 Shares

per lot

Issue Size

4,69,60,000 shares (aggregating up to ₹56.35 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

9,45,35,000 shares

Promoters

Post-IPO Holding

14,14,95,000 shares

Promoters

P/E (Pre)

9.3x

P/E (Post)

13.92x

EPS (Pre)

₹1.29

EPS (Post)

₹0.86

UPI Deadline

2025-12-12

Mandate

Anchor AllotmentTue, 09 Dec 2025

Basis of AllotmentMon, 15 Dec 2025

Refund InitiationTue, 16 Dec 2025

Demat CreditTue, 16 Dec 2025

Listing DayWed, 17 Dec 2025

UPI Mandate Deadline2025-12-12

Sale TypeFresh Capital

Net Offer to Public4,46,10,000 shares (aggregating up to ₹53.53 Cr)

Market Maker Quota23,50,000 shares (aggregating up to ₹2.82 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Shipwaves Online Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 12 Dec 2025.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	2,350,000	—	₹2.82
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	46,960,000	100%	₹56.35

IPO Shares Offered

Shipwaves Online Ltd IPO total issue size: ₹56.35 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	2,350,000	₹2.82	5.00%
Total	46,960,000	₹56.35	100.00%

* Based on upper price band ₹12 per share

Lot Size & Investment

Lot Size

10,000

Shares per Lot

Issue Price

₹12.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	20,000	₹240,000
Retail (Max — 13 Lots)	13	130,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	140,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	680,000	₹8,160,000

* Issue Price ₹12 × Lot Size 10,000 shares

IPO Schedule

Anchor

09 Dec 2025

✓ Done

IPO Open

10 Dec 2025

✓ Done

IPO Close

12 Dec 2025

✓ Done

Allotment

15 Dec 2025

✓ Done

Refunds

16 Dec 2025

✓ Done

Demat Credit

16 Dec 2025

✓ Done

Listing Day

17 Dec 2025

✓ Done

₹12.00

INR · BSE

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Issue ₹12.00 Live Price

About Shipwaves Online Ltd

Incorporated in 2015, Shipwaves Online Limited is engaged in the business of digital freight forwarding and enterprise SaaS solutions.The company offers a unified platform for shipping and logistics, providing multimodal transportation solutions ocean, land, and air ensuring efficient, cost-effective, and reliable global shipment management.Services:Digital Freight Forwarding:Leveraging advanced technology to streamline logistics processes, providing end-to-end support for global shipments.Enterprise SaaS Solutions:Offering software solutions that digitalize shipping and logistics, delivering real-time data insights to enhance operational efficiency.Other Services: The company offers trade finance, insurance, warehousing, customs clearance, and relocation services for secure, efficient global logistics.As of the February 28, 2025, the company has 35 employees on payroll.Competitive Strengths:Experienced Promoters and Qualified Management TeamInnovative Software: Revolutionizing Logistics SolutionsCommitment to Cost Efficiency and Excellence in LogisticsDiverse Customer Base Across Many SectorsComprehensive and Customized Third-Party Logistics Solutions

Objects of the Issue

To meet Working Capital Requirements of Issuer Company

Investment in Subsidiary for funding its working capital requirements

Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Issuer Company

Issue Related Expenses

General Corporate Expenses

Shipwaves Online Ltd Financials (Amount in ₹ Crore)

Revenue from Operations

₹69.5

31 Mar 2023

₹97.3

31 Mar 2024

₹108.7

31 Mar 2025

Profit After Tax (PAT)

₹2.2

31 Mar 2023

₹6.3

31 Mar 2024

₹12.2

31 Mar 2025

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Revenue from Operations	108.65	97.28	69.49
EBITDA	18.96	11.04	4.06
Profit After Tax (PAT)	12.20	6.29	2.24
Net Worth	25.87	14.82	-1.31
Total Assets	81.86	53.98	26.43
Reserves & Surplus	16.42	5.37	-0.41
Borrowings	34.52	24.14	8.89
EBITDA Margin (%)	17.51%	—	—
PAT Margin (%)	10.01%	—	—

P/BV Ratio

4.38

RoE

50.85%

RoCE

25.79%

RoNW

41.89%

PAT Margin

10.01%

EBITDA Margin

17.51%

Debt/Equity

1.33

Issue Structure & Shareholding

Total Shares Offered4,69,60,000 (100.00%)

Net Offer to Public4,46,10,000 shares (aggregating up to ₹53.53 Cr)

Reserved for Market Maker23,50,000 shares (aggregating up to ₹2.82 Cr)

Pre-Issue Promoter Holding9,45,35,000 shares

Post-Issue Promoter Holding14,14,95,000 shares

P/BV Ratio4.38

RoE50.85%

RoCE25.79%

Debt / Equity1.33

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Cameo Corporate Services Ltd

+91-44-28460390

ipo@cameoindia.com

https://ipo.cameoindia.com/

Check Allotment

Book Running Lead Managers

Finshore Management Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Shipwaves Online Ltd IPO subscribed? ▲

Shipwaves Online Ltd IPO is subscribed 1.00 times by Dec 12, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Shipwaves Online Ltd IPO retail subscription status? ▼

The Shipwaves Online Ltd IPO retail category is subscribed 1.00 times as of 12 Dec 2025. The retail portion is oversubscribed.

How to subscribe Shipwaves Online Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 10 Dec 2025 and closes 12 Dec 2025. Min investment: ₹120,000 (1 lot = 10,000 shares). UPI mandate: 2025-12-12.

How many times Shipwaves Online Ltd IPO subscribed? ▼

The Shipwaves Online Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Shipwaves Online Ltd IPO allotment? ▼

Check allotment on the registrar website (Cameo Corporate Services Ltd) at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 15 Dec 2025. Refunds: on 16 Dec 2025.

When Shipwaves Online Ltd IPO will be listed? ▼

The Shipwaves Online Ltd IPO listing date is 17 Dec 2025, Wednesday. Listed on: BSE SME. Issue price: ₹12. Estimated listing: ₹12. GMP: NIL.

When Shipwaves Online Ltd IPO close? ▼

The Shipwaves Online Ltd IPO closes on 12 Dec 2025, Friday. UPI mandate: 2025-12-12. Allotment: 15 Dec 2025. Listing: 17 Dec 2025.

Quick Actions

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Live Price LIVE

Last Price₹12.00

Change—

Issue Price₹12.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹12

Face Value₹1

Lot Size10,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹12

Subscribed1.00x

Open Date10 Dec 2025

Close Date12 Dec 2025

Allotment15 Dec 2025

Listing Date17 Dec 2025

ExchangeBSE SME

UPI Deadline2025-12-12