Shipwaves Online Limited is a tech-driven logistics and digital freight forwarding company. It provides a unified online platform that integrates shipping, logistics, and supply chain operations, ensuring cost-effective and reliable global shipment management across ocean, air, and land transport.
Key Services:
- Digital Freight Forwarding: Technology-enabled booking, tracking, and management of international shipments with real-time visibility.
- Enterprise SaaS Solutions: Cloud-based logistics software that digitalizes operations and provides actionable data insights.
- Value-added Services: Trade finance, cargo insurance, warehousing, customs brokerage, packaging, and relocation support.
The company also operates through its foreign subsidiary, Shipwaves Online LLC (Dubai), expanding its global footprint in the Middle East.
The company has received industry recognition such as the Landmarks in Logistics Award (2022) and the Global Maritime India Summit Award (2023).
Shipwaves Online IPO – Details
| IPO Opening Date | 30 September 2025 |
| IPO Closing Date | 06 October 2025 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 4,69,60,000 Shares Worth ₹56.35 Crore Fresh Issue: 4,69,60,000 Shares Worth ₹56.35 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹12 per share |
| Market Lot | 10,000 Shares |
| Min Order | 10,000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Cameo Corporate Services Ltd. |
| NII Shares Offered | 50% |
| Retail Shares Offered | 50% |
Shipwaves Online IPO – Date Schedule
| IPO Open Date | 30 September 2025 |
| IPO Close Date | 06 October 2025 |
| Basis of Allotment | 07 October 2025 |
| Initiation of Refund | 08 October 2025 |
| Credit of Shares to Demat | 08 October 2025 |
| IPO Listing Date | 09 October 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 06, 2025 |
Shipwaves Online IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 20,000 | ₹2,40,000 |
| Retail (Max) | 2 | 20,000 | ₹2,40,000 |
| S-HNI (Min) | 3 | 30,000 | ₹3,60,000 |
Competitive Strength
- 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.
Company Promoters
- Mr. Kalandan Mohammed Haris
- Mr. Kalandan Mohammed Althaf
- Mr. Kalandan Mohammad Arif
- Mr. Abid Ali
- Mrs. Bibi Hajira
- Mr. Mohammed Sahim Haris
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2024 | ₹97.28 Cr | ₹90.03 Cr | ₹6.29 Cr | ₹24.14 Cr |
| 31 March 2025 | ₹108.65 Cr | ₹94.98 Cr | ₹12.20 Cr | ₹34.52 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.29 | 0.86 |
| P/E (x) | 9.30 | 13.92 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| To meet Working Capital Requirements of Issuer Company. | ₹17.13 |
| Investment in 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. | ₹5.77 |
| General Corporate Purposes. | ₹8.45 |
✅Strengths
- Strong export-driven revenue base.
- Experienced promoters & management team.
- Tech-enabled SaaS logistics platform.
- Stable client & supplier relationships.
⚠️Risks
- Heavy dependence on top clients.
- Reliance on third-party transporters.
- High working capital and debt.
- Pending litigations involving promoters.
Shipwaves Online IPO Promoter Holding
| Pre Issue Share Holding | 99.96% |
| Post Issue Share Holding | 66.73% |
Shipwaves Online IPO Prospectus
Company Contact Information
| 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/ |
Shipwaves Online IPO Registrar
| Cameo Corporate Services Ltd. Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipo.cameoindia.com/ |
Shipwaves Online IPO Lead Manager(s)
| 1. Finshore Management Services Ltd. |
Shipwaves Online IPO FAQ
| What is Shipwaves Online IPO? Shipwaves Online IPO is an SME IPO. The issue is priced at ₹12 per equity share. The IPO is to be listed on BSE SME. |
| When Shipwaves Online IPO will open? The IPO is to open on 30 September 2025 for NII and Retail Investors. |
| What is Shipwaves Online IPO Investors Portion? The investors’ portion for NII – 50% and Retail – 50%. |
| What is the Shipwaves Online IPO Size? Shipwaves Online IPO size is ₹56.35 Crore. |
| What is Shipwaves Online IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 20,000 Shares with ₹2,40,000amount, while the maximum bid is 20,000 Shares with ₹2,40,000. |
| What is the Shipwaves Online IPO Allotment Date? Shipwaves Online IPO allotment date is 07 October 2025. |
| What is the Shipwaves Online IPO Listing Date? Shipwaves Online IPO listing date is 09 October 2025. The IPO is to be listed on the BSE SME. |
