Shipwaves Online IPO Date, Review, Price, Allotment Details
The Shipwaves Online IPO will open on September 30, 2025, and close on October 6, 2025. It is a Fixed Price Issue through which the company plans to raise approximately ₹56.35 crores, comprising a fresh issue of ₹56.35 crores and an offer for sale of up to [.] equity shares with a face value of ₹1 each.
The IPO price has been set at ₹12 per share. The quota distribution includes 50% for retail investors and 50% for HNIs, with no allocation for QIBs. The IPO shares are scheduled to be listed on the BSE on October 9, 2025, while the allotment date is fixed for October 7, 2025.
On the financial front, the company reported a revenue of ₹108.65 crores in 2025 and a net profit of ₹12.20 crores in 2025. Considering its performance, analysts suggest that investors may consider subscribing to this IPO with a long-term investment outlook.
Shipwaves Online IPO Details
IPO Open Date September 30, 2025 IPO Close Date October 6, 2025 Face Value ₹1 Per Equity Share IPO Price Band ₹12 Per Share Issue Size Approx ₹56.35 Crores Fresh Issue Approx ₹56.35 Crores Issue Type Fixed Price Issue IPO Listing BSE SME DRHP Draft Prospectus 
RHP Draft Prospectus
Shipwaves Online IPO Market Lot
The Shipwaves Online IPO minimum market lot is 20,000 shares with ₹2,40,000 application amount.
Application Lot Size Shares Amount Retail Minimum 2 20,000 ₹2,40,000 Retail Maximum 2 20,000 ₹2,40,000 S-HNI Minimum 3 30,000 ₹3,60,000
IPO Reservation
Investor Category Share Offered -% Shares NII Shares Offered – Shares 50% Retail Shares Offered – Shares 50%
Shipwaves Online IPO Dates
The Shipwaves Online IPO date is September 30, and the close date is October 6. The Shipwaves Online IPO allotment will be finalized on October 7 and the IPO listing on October 9.
IPO Open Date: September 30, 2025 IPO Close Date: October 6, 2025 Basis of Allotment: October 7, 2025 Refunds: October 8, 2025 Credit to Demat Account: October 8, 2025 IPO Listing Date: October 9, 2025 IPO Bidding Cut-off Time: October 6, 2025 – 5 PM
Promoters and Holding Pattern
The promoters of the company are Mr. Kalandan Mohammed Haris, Mr. Kalandan Mohammed Althaf, Mr. Kalandan Mohammed Arif, Mr. Abid Ali, Mrs. Bibi Hajira, and Mr. Mohammed Sahim Haris.
Particular Shares % Share Promoter Holding Pre-Issue 9,45,35,000 99.96% Promoter Holding Post Issue 14,14,95,000 66.73%
Objects of the Issue & Utilisation of Proceeds
Purpose Crores To meet the Working Capital Requirements of the Issuer Company 28.47 Investment in a Subsidiary for funding its working capital requirements 10.00 Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Issuer Company 15.00 Issue Related Expenses 6.97 General Corporate Purpose 10.00
About Shipwaves Online IPO
Incorporated in 2015, Shipwaves Online Limited operates as a digital freight forwarding and enterprise SaaS solutions provider, offering a unified platform for shipping and logistics. The company delivers multimodal transportation services across ocean, land, and air, ensuring cost-effective, reliable, and efficient global shipment management. Its offerings include digital freight forwarding with end-to-end logistics support, enterprise SaaS solutions that digitalize supply chain operations with real-time insights, and value-added services such as trade finance, insurance, warehousing, customs clearance, and relocation. Backed by experienced promoters, a skilled management team, innovative technology, and a commitment to efficiency and excellence, Shipwaves serves a diverse customer base with comprehensive, customized third-party logistics solutions.
Shipwaves Online IPO Company Financial Report
Amount in Crores (₹)
Period Ended Revenue Expense PAT Assets 2024 ₹97.28 ₹90.03 ₹6.29 ₹53.98 2025 ₹108.65 ₹9497.82 ₹12.20 ₹81.86
Shipwaves Online IPO Valuation – FY2025
Check Shipwaves Online IPO valuation details like Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 77.44% ROCE: 75.10% EBITDA Margin: 20.80% PAT Margin: 18.82% Debt to equity ratio: 0.08 Earning Per Share (EPS): ₹1.15 (Basic) Price/Earnings (P/E) Ratio: 10.47 Return on Net Worth (RoNW): 41.89% Net Asset Value (NAV): ₹2.74
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income Tiger Logistics (India) Limited 2.56 20.12 19.54% 13.08 536.31 Cr. Lancer Container Lines Limited (0.01) (1,262.00) (0.07%) 19.45 699.14 Cr. Timescan Logistics (India) Limited 8.38 7.04 22.32% 37.54 257.97 Cr.
IPO Lead Managers aka Merchant Bankers
- Finshore Management Services Ltd.
IPO Registrar
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Address
Shipwaves Online Ltd.
18-2-16/4(3), 3rd Floor,
Mukka Corporate House 1st cross,
Attavara, Dakshina Kannada
Mangaluru, Karnataka, 575001
Phone: +91 95381 49978
Email: secretarial@shipwaves.com
Website: http://www.shipwaves.com/