Shipwaves Online IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 10 to Dec 12 2025
Price Band
₹12
Current GMP
₹12(0.00%)
Subscription
1.64 times
IPO Details
| IPO Date | 10 to 12 Dec, 2025 |
| Listed on | Wed, Dec 17, 2025 |
| Face Value | ₹ 1 per share |
| Issue Price | ₹12 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 4,69,60,000 shares (agg. up to ₹ 56.35 Cr) |
| Reserved for Market Maker | 23,50,000 shares (agg. up to ₹ 2.82 Cr) Anant Securities |
| Net Offered to Public | 4,46,10,000 shares (agg. up to ₹ 53.53 Cr) |
| Share Holding Pre Issue | 9,45,35,000 shares |
| Share Holding Post Issue | 14,14,95,000 shares |
| BSE Script Code | 544646 |
| ISIN | INE0O9L01010 |
IPO Date
10 to 12 Dec, 2025
Listed on
Wed, Dec 17, 2025
Face Value
₹ 1 per share
Issue Price
₹12 per share
Lot Size
10,000 Shares
Sale Type
Fresh Capital
Issue Type
Fixed Price IPO
Listing At
BSE SME
Total Issue Size
4,69,60,000 shares (agg. up to ₹ 56.35 Cr)
Reserved for Market Maker
23,50,000 shares (agg. up to ₹ 2.82 Cr) Anant Securities
Net Offered to Public
4,46,10,000 shares (agg. up to ₹ 53.53 Cr)
Share Holding Pre Issue
9,45,35,000 shares
Share Holding Post Issue
14,14,95,000 shares
BSE Script Code
544646
ISIN
INE0O9L01010
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers*** | 0.36 |
| Individual Investors | 2.92 |
| Total ** | 1.64 |
Market Maker
1
Non-Institutional Buyers***
0.36
Individual Investors
2.92
Total **
1.64
Day Wise Sub
| Day | NII* | Individual Investors | Total |
|---|---|---|---|
| Day 1 Dec 10, 2025 | 0.23 | 0.67 | 0.45 |
| Day 2 Dec 11, 2025 | 0.27 | 1.76 | 1.02 |
| Day 3 Dec 12, 2025 | 0.36 | 2.92 | 1.64 |
DayDay 1
Dec 10, 2025
NII*0.23
Individual Investors0.67
Total0.45
DayDay 2
Dec 11, 2025
NII*0.27
Individual Investors1.76
Total1.02
DayDay 3
Dec 12, 2025
NII*0.36
Individual Investors2.92
Total1.64
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 17-12-2025 | 12.00 | 0(0.00%) | 12 |
| 16-12-2025 | 12.00 | 0(0.00%) | 12 |
| 15-12-2025 | 12.00 | 0(0.00%) | 12 |
| 14-12-2025 | 12.00 | 0(0.00%) | 12 |
| 13-12-2025 | 12.00 | 0(0.00%) | 12 |
| 12-12-2025 | 12.00 | 0(0.00%) | 12 |
| 11-12-2025 | 12.00 | 0(0.00%) | 12 |
| 10-12-2025 | 12.00 | 4(33.33%) | 16 |
| 09-12-2025 | 12.00 | 0(0.00%) | 12 |
Date17-12-2025
Price12.00
GMP0(0.00%)
Estimate List Price12
Date16-12-2025
Price12.00
GMP0(0.00%)
Estimate List Price12
Date15-12-2025
Price12.00
GMP0(0.00%)
Estimate List Price12
Date14-12-2025
Price12.00
GMP0(0.00%)
Estimate List Price12
Date13-12-2025
Price12.00
GMP0(0.00%)
Estimate List Price12
Date12-12-2025
Price12.00
GMP0(0.00%)
Estimate List Price12
Date11-12-2025
Price12.00
GMP0(0.00%)
Estimate List Price12
Date10-12-2025
Price12.00
GMP4(33.33%)
Estimate List Price16
Date09-12-2025
Price12.00
GMP0(0.00%)
Estimate List Price12
IPO Important Dates
| IPO Open Date | Wed, Dec 10, 2025 |
| IPO Close Date | Fri, Dec 12, 2025 |
| Tentative Allotment | Mon, Dec 15, 2025 |
| Initiation of Refunds | Tue, Dec 16, 2025 |
| Credit of Shares to Demat | Tue, Dec 16, 2025 |
| Tentative Listing Date | Wed, Dec 17, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 12, 2025 |
IPO Open Date
Wed, Dec 10, 2025
IPO Close Date
Fri, Dec 12, 2025
Tentative Allotment
Mon, Dec 15, 2025
Initiation of Refunds
Tue, Dec 16, 2025
Credit of Shares to Demat
Tue, Dec 16, 2025
Tentative Listing Date
Wed, Dec 17, 2025
Cut-off time for UPI mandate confirmation
5 PM on Fri, Dec 12, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 20,000 | ₹2,40,000 |
| Individual investors (Retail) (Max) | 2 | 20,000 | ₹2,40,000 |
| HNI (Min) | 3 | 30,000 | ₹3,60,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares20,000
Amount₹2,40,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares20,000
Amount₹2,40,000
ApplicationHNI (Min)
Lots3
Shares30,000
Amount₹3,60,000
Key Performance Indicator
| ROE | 50.85% |
| ROCE | 25.79% |
| Debt/Equity | 1.33 |
| RoNW | 41.89% |
| PAT Margin | 10.01% |
| EBITDA Margin | 17.51% |
| Price to Book Value | 4.38 |
ROE
50.85%
ROCE
25.79%
Debt/Equity
1.33
RoNW
41.89%
PAT Margin
10.01%
EBITDA Margin
17.51%
Price to Book Value
4.38
Peers Comparison
| Company Name | EPS (Basic) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|
| Tiger Logistics (India) | 2.56 | 13.08 | 15.17 | 19.53 | 2.92 |
| Lancer Container Lines | -0.01 | 19.45 | -1,442.00 | -0.07 | 0.74 |
| Timescan Logistics (India) | 8.38 | 37.55 | 7.36 | 22.33 | 1.65 |
| Shipwaves Online | 1.15 | 2.74 | 10.47 | 41.89 | 6.00 |
Company NameTiger Logistics (India)
EPS (Basic)2.56
NAV (per share) (Rs)13.08
P/E (x)15.17
RoNW (%)19.53
P/BV Ratio2.92
Company NameLancer Container Lines
EPS (Basic)-0.01
NAV (per share) (Rs)19.45
P/E (x)-1,442.00
RoNW (%)-0.07
P/BV Ratio0.74
Company NameTimescan Logistics (India)
EPS (Basic)8.38
NAV (per share) (Rs)37.55
P/E (x)7.36
RoNW (%)22.33
P/BV Ratio1.65
Company NameShipwaves Online
EPS (Basic)1.15
NAV (per share) (Rs)2.74
P/E (x)10.47
RoNW (%)41.89
P/BV Ratio6.00
IPO Reservation
| Market Maker Shares Offered | 23,50,000 (5.00%) |
| NII (HNI) Shares Offered | 2,23,00,000 (47.49%) |
| Retail Shares Offered | 2,23,10,000 (47.51%) |
| Total Shares Offered | 4,69,60,000 (100.00%) |
Market Maker Shares Offered
23,50,000 (5.00%)
NII (HNI) Shares Offered
2,23,00,000 (47.49%)
Retail Shares Offered
2,23,10,000 (47.51%)
Total Shares Offered
4,69,60,000 (100.00%)
Information about company
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:
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
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