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Open
10 Dec 2025
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Close
12 Dec 2025
3
Allotment
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Listing
Wed, Dec 17, 2025
Price Band
₹12 per share
Issue Size
4,69,60,000 shares (agg. up to ₹56 Cr)
Lot Size
10,000 Shares
Listing Date
Wed, Dec 17, 2025
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
17-12-2025₹0Est. ₹12+0%
16-12-2025₹0Est. ₹12+0%
15-12-2025₹0Est. ₹12+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.65x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 98.37 | 81.86 | 53.98 | 26.43 |
| Total Income | 41.71 | 108.65 | 97.28 | 69.49 |
| Profit After Tax | 4.68 | 12.20 | 6.29 | 2.24 |
| EBITDA | 7.89 | 18.96 | 11.04 | 4.06 |
| NET Worth | 30.77 | 25.87 | 14.82 | -1.31 |
| Reserves and Surplus | 21.32 | 16.42 | 5.37 | -0.41 |
| Total Borrowing | 40.04 | 34.52 | 24.14 | 8.89 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Jayesh Logistics Ltd. | SME | ₹28.63 Cr | ₹122 | 10.75 | ₹117.80 | -3.44% | ₹133.70 (+3.12%) |
| Sunsky Logistics Ltd. | SME | ₹16.84 Cr | ₹46 | 15.6 | ₹53.55 | +16.41% | ₹40.70 (+7.11%) |
| Dhillon Freight Carrier Ltd. | SME | ₹10.08 Cr | ₹72 | 10.49 | ₹54.72 | -24.00% | ₹32.40 (-6.09%) |
| BLT Logistics Ltd. | SME | ₹9.72 Cr | ₹75 | 6.84 | ₹95.49 | +27.32% | ₹30.55 (-2.68%) |
| Blue Water Logistics Ltd. | SME | ₹40.50 Cr | ₹135 | 10.12 | ₹148.05 | +9.67% | ₹424.80 (+2.37%) |
| Iware Supplychain Services Ltd. | SME | ₹27.13 Cr | ₹95 | 9.31 | ₹80.90 | -14.84% | ₹530.80 (+3.32%) |
| Rapid Fleet Management Services Ltd. | SME | ₹43.87 Cr | ₹192 | 12.25 | ₹200.90 | +4.64% | ₹184.00 (+2.22%) |
| Paradeep Parivahan Ltd. | SME | ₹44.86 Cr | ₹98 | 7.4 | ₹82.32 | -16.00% | ₹222.75 (-0.91%) |
| PDP Shipping & Projects Ltd. | SME | ₹12.65 Cr | ₹135 | 11.89 | ₹102.85 | -23.81% | ₹50.01 (+0.00%) |
| Tejas Cargo India Ltd. | SME | ₹105.84 Cr | ₹168 | 22.35 | ₹168.00 | +0.00% | ₹385.00 (+1.32%) |
| GB Logistics Commerce Ltd. | SME | ₹25.07 Cr | ₹102 | 12.03 | ₹81.75 | -19.85% | ₹29.84 (+3.36%) |
| Om Freight Forwarders Ltd. | Mainboard | ₹122.31 Cr | ₹135 | 19.56 | ₹85.57 | -36.61% | ₹91.40 (+3.30%) |
| Glottis Ltd. | Mainboard | ₹307.00 Cr | ₹129 | 18.38 | ₹83.70 | -35.12% | ₹67.20 (-0.82%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital Requirements of Issuer Company | 17.13 |
| 2 | Investment in Subsidiary for funding its working capital requirements | 10.00 |
| 3 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Issuer Company | 15.00 |
| 4 | General Corporate Expenses | 8.45 |
| 5 | Issue expenses | 5.77 |
| Total | 56.35 |
About Shipwaves Online IPO
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 October 31, 2025, the company had 35 employees on payroll. Competitive Strengths: Experienced Promoters and Qualified Management Team Innovative Software: Revolutionizing Logistics Solutions Commitment to Cost Efficiency and Excellence in Logistics Diverse Customer Base Across Many Sectors Comprehensive and Customized Third-Party Logistics Solutions + Read More
Contact Details
Shipwaves Online Ltd. Address18-2-16/4(3), 3rd FloorMukka Corporate House 1st crossAttavara, Dakshina KannadaMangaluru, Karnataka, 575001+91 95381 49978secretarial@shipwaves.comVisit Website