SHIPWAVES
Shipwaves Online IPO, a SME IPO was listed on the exchange on December 17, 2025. The price band is set between ₹12 –12 , with a face value of ₹1 . Retail investors can apply with a minimum of 2 lots, each comprising 10,000 shares — amounting to ₹240,000 at the upper price.
Shipwaves Online IPO has been successfully listed on the exchange. Track the listing performance, current stock price, and post-listing trends. This information is for education only—not investment advice.
Shipwaves Online IPO SME Important Dates
Get important updates regarding Shipwaves Online IPO SME tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates. Dates are updated as soon as they are announced.
Listing day gain
-57.02%
Issue
₹11.4
Open Date
Dec 10
Close Date
Dec 12
Allotment
Dec 15
Listing
Dec 17
Issue Size
46,960,000 shares
(aggregating up to ₹56.00 Cr)
Issue Price
₹12 – ₹12
Face Value
₹1/share
Market Lot
10,000 shares
Retail Min Investment
₹240,000
Listing At
BSE
Sale Type
fresh issue
Fresh Issue
44,610,000 shares
(aggregating up to ₹54 Cr)
Reserved for Market Maker
2,350,000 shares
(aggregating up to ₹2.82 Cr)
Issue Type
fixed price
Last updated: 2 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 11 Dec 2025 Latest | ₹12 | ₹0 | ₹12 | ₹0 |
0%
|
6:56 PM |
| 10 Dec 2025 | ₹12 | ₹0 | ₹12 | ₹0 |
0%
|
4:49 PM |
Latest snapshot: Dec 12, 2025
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| NII | 0.36x | — |
| Retail Investors | 2.92x | — |
| Total | 1.64x | — |
Mr. Kalandan Mohammed Haris, Mr. Kalandan Mohammed Althaf, Mr. Kalandan Mohammad Arif, Mr. Abid Ali, Mrs. Bibi Hajira and Mr. Mohammed Sahim Haris are the promoters of the company.
IPO investment limits, also referred to as application limits or bidding limits, define the minimum and maximum number of shares, lots, and investment amount that investors can apply for in an IPO based on their category (Retail, HNI, or Institutional). These limits are calculated as per SEBI guidelines and help ensure fair distribution of shares. Retail investors typically have lower minimum and maximum limits compared to High Net Worth Individuals (HNI) and Non-Institutional Investors (NII). Understanding IPO application limits is essential for investors to determine how much they can invest, calculate the number of lots they can apply for, and plan their investment strategy accordingly. The investment limits table shows the lot size, number of shares, and total amount in rupees for each investor category.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 20,000 | ₹240,000 |
| Retail (Max) | 1 | 10,000 | ₹120,000 |
| S-HNI (Min) | 3 | 30,000 | ₹360,000 |
| S-HNI (Max) | 8 | 80,000 | ₹960,000 |
| B-HNI (Min) | 9 | 90,000 | ₹1,080,000 |
The IPO reservation structure, also known as share allocation breakdown, details how the total issue size is distributed among different investor categories as mandated by SEBI (Securities and Exchange Board of India) regulations. This reservation table shows the exact percentage and number of shares allocated to Qualified Institutional Buyers (QIB), Retail Individual Investors (RII), High Net Worth Individuals (HNI), Non-Institutional Investors (NII), and other reserved categories like employees and shareholders. Understanding IPO reservation percentages is crucial for investors to evaluate their probability of share allotment, as each category has different subscription levels and competition. The maximum allottees column indicates the cap on the number of investors who can receive shares in each category, helping you assess the likelihood of getting an allotment based on your investor category.
| Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,350,000 (5.00%) |
| NII (HNI) Shares Offered | 22,300,000 (47.49%) |
| Retail Shares Offered | 22,310,000 (47.51%) |
| Total Shares Offered | 46,960,000 (100.00%) |
Shipwaves Online Limited is a Mangalore-based company (founded in 2015) that acts as a digital agent for shipping goods. Instead of using traditional, slow methods, they use a technology platform (SaaS) to help companies manage their shipping by sea, land, and air. They also help with customs clearance and warehousing.
Unified Digital Platform: Unlike traditional freight forwarders, Shipwaves operates a proprietary Enterprise SaaS platform. This allows for end-to-end transparency, real-time tracking, and automated documentation across ocean, air, and land.
Multimodal Expertise: The ability to manage complex global shipments through a single interface reduces operational friction for clients.
Financial Resilience: The company has shown a significant upward trend in profitability. For instance, Profit After Tax (PAT) grew from ₹2.24 Cr in FY23 to ₹12.20 Cr in FY25.
Strategic Certifications: Being a registered customs house agent and having international logistics accreditations provides a competitive "moat" in a highly regulated industry.
International Expansion: Using IPO proceeds, the company is aggressively targeting the Middle East and North Africa (MENA) markets, specifically through its subsidiary in Dubai (Shipwaves Online LLC).
Debt Reduction: A significant portion of the IPO funds (₹15 Cr) was earmarked for the repayment of borrowings, which strengthens the balance sheet and reduces interest costs.
Digital Transformation: As global trade shifts toward "Digital Freight Forwarding," Shipwaves is positioned to capture market share from traditional players who lack integrated SaaS capabilities.
SaaS Monetization: Beyond moving cargo, the company is scaling its software-as-a-service offerings to provide analytics and supply chain orchestration for other businesses.
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 69.49 | 97.28 | 108.65 |
| Profit After Tax (PAT) | 2.24 | 6.29 | 12.2 |
| EBITDA | 4.06 | 11.04 | 18.96 |
| Assets | 26.43 | 53.98 | 81.86 |
| Net Worth | -1.31 | 14.82 | 25.87 |
| Reserves & Surplus | -0.41 | 5.37 | 16.42 |
| Total Borrowing | 8.89 | 24.14 | 34.52 |
The Shipwaves Online IPO is expected to open in December, 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Shipwaves Online IPO is ₹12.00 - ₹12.00 per share.
As per market sources, Shipwaves Online IPO GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Shipwaves Online IPO stands at 1.64x overall.
The listing date for Shipwaves Online IPO is December 17, 2025.
No comments yet. Be the first to comment!
