Shipwaves Online was incorporated on February 27, 2015. The company offers a unified platform for global shipping and logistics, covering ocean, land, and air transportation with cost-effective, reliable solutions. Its system ensures real-time visibility and flexibility, enabling businesses to optimise routes and modes of transport
| Bidding Dates |
|---|
| 10 Dec 2025 - 12 Dec 2025 |
| Subscription |
|---|
| 1.61x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,40,000 | 2 | 2 | 10000 | 47.0 M | ₹12 | 66.79 % | ₹563.5 M | RHP DOC |
Shipwaves Online IPO SUBSCRIPTION STATUS
12 Dec '25Shipwaves Online IPO overall subscription rate was 1.61 times the total available shares
Shipwaves Online IPO retail subscription rate was 2.78 times in the retail segment
Shipwaves Online IPO non-institutional investor subscription rate was 0.44 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
12 Dec 2025 (Day 3) | 2.78x | 0.44x | - |
11 Dec 2025 (Day 2) | 1.67x | 0.36x | - |
10 Dec 2025 (Day 1) | 0.63x | 0.22x | - |
Shipwaves Online FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 41.0 | 4.7 | -2.8 | -3.2 | 19.3% |
| FY25 | 108.3 | 12.2 | -0.3 | -5.2 | 17.5% |
| FY24 | 96.7 | 6.3 | 2.6 | -3.8 | 11.4% |
| FY23 | 69.3 | 2.2 | 2.3 | 0.1 | 5.9% |
| Note: FY23 financials are standalone basis | |||||
Shipwaves Online IPO SUBSCRIPTION STATUS DETAILS
Shipwaves Online had 47.0 M shares on offer
Shipwaves Online IPO offer price was ₹12
Shipwaves Online IPO minimum Investment was ₹240000
Shipwaves Online IPO issue size was ₹ 563.5 M
Shipwaves Online had a minimum lot size of 10000 Shares per application
Shipwaves Online NUMBER OF SHARES ON OFFER
Shipwaves Online IPO IMPORTANT DATES
| Issue Open Date | 10 Dec 2025 |
| Issue close Date | 12 Dec 2025 |
| Allotment Date | 15 Dec 2025 |
| Refund Date | 16 Dec 2025 |
| Demat Account Credit Date | 16 Dec 2025 |
| Listing Date | 17 Dec 2025 |
| Listing on Exchange(s) | BSE |
| Shipwaves Online Allotment Status | Exchange/ Registrar |
Shipwaves Online IPO subscription opened on 10 Dec 2025, and closed on 12 Dec 2025
IPO allotment for Shipwaves Online was finalized on Monday, 15 Dec 2025
IPO listing for Shipwaves Online was on BSE on Wednesday, 17 Dec 2025
Shipwaves Online IPO LISTING GAINS
| Issue Price (adjusted) | 12.0 |
| Listing Open Price | 12.0 |
| Listing Close Price | 11.4 |
| Listing Gain% | 0.0% |
| Current Gain% | -75.8% |
Shipwaves Online Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shipwaves Online Ltd. | 2.9 | 41.2 | 11.5 | 0.4 | 4.2 | 2.7 | 92.9 | 3.6 | 0.3 | ||||
| Container Corporation of India Ltd. | 505.2 | 38476.9 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 473.3 | 35452.8 | 379 | -7.2 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 241.2 | 14120.3 | 83.5 | 3 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5089.5 | 12076.3 | 42.1 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 281.4 | 4921.9 | 18.4 | 0.8 | 1.5 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
Shipwaves Online INFORMATION ON IPO ISSUE
About Shipwaves Online
Shipwaves Online was incorporated on February 27, 2015. The company offers a unified platform for global shipping and logistics, covering ocean, land, and air transportation with cost-effective, reliable solutions. Its system ensures real-time visibility and flexibility, enabling businesses to optimise routes and modes of transport
Object of the Issue
- To meet the working capital requirements of the issuer company
- Investment in a subsidiary for funding its working capital requirements
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the issuer company
- To meet the issue expenses
- General corporate purpose
Shipwaves Online - PROMOTERS
| Name |
|---|
| Kalandan Mohammed Haris |
| Kalandan Mohammed Althaf |
| Kalandan Mohammad Arif |
| Abid Ali |
| Bibi Hajira |
| Mohammed Sahim Haris |
Shipwaves Online - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Kalandan Mohammed Haris | Non-Executive Director & Chairman |
| Bibi Hajira | Whole Time Director |
| Mohammed Sahim Haris | Whole Time Director |
| Kalandan Mohammed Althaf | Non-Executive Director |
| Kalandan Mohammad Arif | Non-Executive Director |
| Karkala Shankar Balachandra Rao | Independent Director |
| Hamad Bava | Independent Director |
| Narendra Surendra Kamath | Independent Director |
Shipwaves Online Book Running Lead Manager
Finshore Management Services Limited
info@finshoregroup.com
Shipwaves Online Registrar to the issue
Cameo Corporate Services Limited
ipo@cameoindia.com
Shipwaves Online Strengths
Innovative software
The company is developing an advanced software platform as a unified solution for shipping needs, aiming to transform logistics operations. Though still in progress, it is expected to boost efficiency, client satisfaction, and future revenue, strengthening the company’s leadership in logistics innovation
Cost efficiency
The company focuses on cost efficiency by optimising its entire supply chain through technology, process refinement, and strategic partnerships. This approach reduces expenses while maintaining quality, ensuring long-term sustainability and consistent value for clients
Comprehensive third-party logistics
The company provides comprehensive 3PL services, including transportation, warehousing, and value-added solutions at competitive rates. With tailored offerings like cross-border freight, it enhances client efficiency, supports global trade, and expands market reach
Shipwaves Online Risks
Trade & freight risks
The company’s performance depends on global and domestic trade volumes and freight rates, which are influenced by economic, political, and financial conditions. Factors like trade barriers, currency fluctuations, disputes, natural disasters, or wars may adversely impact its operations and financial results
Competition
The company operates in a highly competitive and fragmented logistics industry, facing competition from both domestic and international 3PL providers. Low entry barriers and increasing consolidation may challenge its market position
Operational risks
The company’s operations rely heavily on road and sea transport, making them vulnerable to disruptions from weather, accidents, political unrest, or infrastructure issues. Such events could delay deliveries, raise costs, damage goods, and harm reputation, impacting overall business performance
IPO FAQs
The promoters of the company are Kalandan Mohammed Haris, Kalandan Mohammed Althaf, Kalandan Mohammad Arif, Abid Ali, Bibi Hajira and Mohammed Sahim Haris.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 12.0 - 12.0.
The IPO application opens on Dec 10, 2025 and closes on Dec 12, 2025.
The minimum lot size for the IPO is 20000. The maximum lot size for the IPO is 20000.
For all category investors, the minimum application amount for this IPO is Rs. 240,000.0, the maximum value for this IPO is Rs 240,000.0.
This IPO will be allotted on Dec 15, 2025.
The refund will be credited to your account on Dec 16, 2025.
The allotted shares will be credited to your demat on Dec 16, 2025.
Shipwaves Online Ltd.’s shares listed on the stock exchanges on Dec 17, 2025.