Minimum Investment
About Company
Company Name: Shipwaves Online Solutions Limited
Industry / Sector: Logistics Technology & Digital Freight Forwarding
Founded Year: 2015
Promoters: Kalandan Mohammed Haris, Kalandan Mohammed Althaf, Kalandan Mohammad Arif, Abid Ali, Bibi Hajira, Mohammed Sahim Haris
Shipwaves Online Solutions Limited is a Mangaluru-based logistics technology company providing end-to-end digital freight forwarding and supply chain solutions. The company operates a multimodal shipping platform covering ocean, air, and road transport while also offering enterprise SaaS tools for supply chain management. Its digital platform enables businesses to manage bookings, documentation, shipment tracking, and logistics analytics through a unified system designed to improve efficiency and transparency in global trade operations.
IPO Basic Details
| Company Name | Shipwaves Online Solutions Limited |
| IPO Type | SME IPO |
| Price Band | ₹12 – ₹12 |
| Lot Size | 10000 |
| Total Issue Size | ₹56.35 Cr |
IPO Strengths & Risks
Strengths
- Integrated logistics + SaaS technology platform
- Real-time shipment tracking and digital documentation
- Rapidly growing SaaS vertical with strong margins
- Asset-light scalable logistics model
- Growing demand for digital supply chain platforms
Risks
- Highly competitive freight forwarding sector
- Dependence on global trade volumes and logistics demand
- SME IPO liquidity risk after listing
- Technology platform scalability and cybersecurity challenges
IPO Important Dates
| IPO Open Date | 10 Dec 2025 |
| IPO Close Date | 12 Dec 2025 |
| Basis of Allotment | 15 Dec 2025 |
| Refund Initiation | 16 Dec 2025 |
| Demat Credit Date | 16 Dec 2025 |
| Listing Date | 17 Dec 2025 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | 12 Dec 2025 |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – ₹17.13 Cr
- Debt repayment – ₹15 Cr
- General corporate purposes – Balance amount for operational expansion and corporate needs
Investor Reservation
| QIB Quota | Not Applicable (SME structure) |
| Retail Quota | Approx 47.51% |
| HNI Quota | Approx 47.49% |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 lot | 10,000 | ₹1,20,000 |
| Retail Maximum | - | - | - |
| S-HNI Minimum | 3 lots | 30,000 | ₹3,60,000 |
| S-HNI Maximum | - | - | - |
| B-HNI Minimum | - | - | - |
Key Performance Indicators (KPI)
| ROE | Approx 35% |
| ROCE | Approx 28% |
| RoNW | Approx 35% |
| PAT Margin | Around 11% |
| EBITDA Margin | 17.5% |
| EPS | ₹0.86 (approx FY25) |
| NAV per share | - |
| Debt to Equity | Moderate leverage |
| P/E Ratio | Approx 14x (FY25 basis) |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 30 Sep 2025 | ₹79.60 Cr | ₹40.98 Cr | ₹4.45 Cr | ₹7.20 Cr | ₹30.76 Cr | ₹20.50 Cr |
| 31 Mar 2025 | ₹70.50 Cr | ₹108.28 Cr | ₹12.20 Cr | ₹18.95 Cr | ₹30.76 Cr | ₹22.10 Cr |
| 31 Mar 2024 | ₹60.10 Cr | ₹96.71 Cr | ₹6.29 Cr | ₹13.10 Cr | ₹22.70 Cr | ₹24.80 Cr |
| 31 Mar 2023 | ₹48.30 Cr | ₹73.20 Cr | ₹3.90 Cr | ₹9.30 Cr | ₹16.90 Cr | ₹21.40 Cr |
Grey Market Premium
| GMP Price | ₹0 |
| Kostak Rate | N/A |
| Subject to Sauda | N/A |
| Last Updated | Dec 2025 |
| Estimated Listing Price | ₹12 (flat listing expectation) |
IPO Subscription Data
| Total Subscription | Approx 1x range |
| QIB (Ex Anchor) | N/A |
| HNI Subscription | Moderate demand |
| Retail Subscription | Moderate demand |
| Anchor | - |
IPO Intermediaries
Registrar: Cameo Corporate Services Limited
Registrar Website: https://cameoindia.com
IPO Lead Manager(s)
Company Information
Address: 3rd Floor, Mukka Corporate House, Attavara, Mangaluru, Karnataka, India
Website: https://www.shipwaves.com
Email: secretarial@shipwaves.com
Phone: +91 95381 49978
IPO Documents
Frequently Asked Questions (FAQ)
Explore More Investment Opportunities
Discover IPOs, unlisted shares, and broker comparison tools curated for smart investors.