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Table of Contents

  1. Introduction

  2. What is Shipwaves Online Ltd.?

  3. Shipwaves Online IPO Details

  4. Shipwaves Online IPO Structure

  5. Shipwaves Online Ltd. – Restated Financial Highlights

  6. Business Model & Strengths

  7. Shipwaves Online IPO Review

  8. Should You Apply for the Shipwaves Online IPO?

  9. Conclusion

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Shipwaves Online IPO Details, GMP & Key Insights 2025

12 December 2025 ·


A complete breakdown of Shipwaves Online IPO, GMP trends, key dates, price, lot size, and financial performance.

Introduction

The Shipwaves Online IPO has become one of the notable SME public issues for 2025, attracting attention for its digital freight-forwarding business model and strong financial performance. Investors are actively tracking shipwaves IPO GMP today, price trends, and subscription expectations ahead of its opening.

This detailed guide covers everything you need to know — IPO dates, GMP, financials, business overview, competitive strengths, and expert review — so you can make an informed decision.

What is Shipwaves Online Ltd.?

Shipwaves Online Limited, incorporated in 2015, is a technology-driven logistics and digital freight-forwarding company. It operates as a unified platform offering multimodal shipment solutions across ocean, air, and land. The company also provides enterprise SaaS logistics solutions that help businesses automate shipping, track shipments in real time, and optimize costs.

Its service offerings include:

  • Digital Freight Forwarding

  • Enterprise SaaS Solutions

  • Customs & Compliance

  • Warehousing & Insurance

  • Trade Finance Support

  • Relocation & Global Logistics Services

With just 35 employees (as of October 31, 2025), Shipwaves Online runs a lean, tech-enabled model aiming to transform traditional logistics through digital processes.

Shipwaves Online IPO Details

The Shipwaves Online IPO is a fixed-price issue worth ₹56.35 crore entirely comprising a fresh issue of 4.70 crore shares.

Key IPO Highlights

  • IPO Type: Fixed Price Issue

  • Total Issue Size: 4,69,60,000 shares (₹56.35 crore)

  • Fresh Issue: Entire IPO

  • Face Value: ₹1 per share

  • Issue Price: ₹12 per share

  • Lot Size: 10,000 shares

  • Listing: BSE SME

  • IPO Opens: December 10, 2025

  • IPO Closes: December 12, 2025

  • Expected Allotment Date: December 15, 2025

  • Tentative Listing Date: December 17, 2025

At a lot size of 10,000 shares, the minimum investment is:

  • Retail investors: ₹2,40,000 (20,000 shares – 2 lots)

  • HNI investors: Minimum 3 lots = ₹3,60,000

Shipwaves Online IPO Structure

The issue allocation is divided as follows:

Market Maker Portion

  • 23,50,000 shares

  • Amounting to ₹2.82 crore

Net Issue to Public

  • 4,46,10,000 shares

  • Totaling ₹53.53 crore

Shareholding Pattern

  • Pre-Issue Shares: 9,45,35,000

  • Post-Issue Shares: 14,14,95,000

The capital infusion is expected to strengthen operational capabilities and support future expansion.

Shipwaves Online Ltd. – Restated Financial Highlights

Period EndedSep 2025Mar 2025Mar 2024Mar 2023
Assets98.3781.8653.9826.43
Total Income41.71108.6597.2869.49
Profit After Tax4.6812.206.292.24
EBITDA7.8918.9611.044.06
Net Worth30.7725.8714.82-1.31
Reserves21.3216.425.37-0.41
Total Borrowing40.0434.5224.148.89

Business Model & Strengths

1. Tech-First Approach

Shipwaves leverages digital tools to streamline freight forwarding, offering automation, shipment tracking, and data-driven insights.

2. Multimodal Logistics Capability

The company serves global trade via sea, air, and land, making it a comprehensive logistics partner.

3. Enterprise SaaS Offering

Apart from freight services, its SaaS solutions enhance supply chain visibility for clients.

4. Comprehensive Logistics Ecosystem

Shipwaves provides customs support, warehousing, insurance, and trade finance — reducing dependency on third-party vendors.

5. Experienced Leadership

The company is led by experienced promoters and a qualified management team with deep domain expertise.

6. Wide Customer Base

With clients across industries, Shipwaves is not dependent on any single sector.

Shipwaves Online IPO Review

Investors exploring shipwaves online IPO, shipwaves IPO GMP review, and subscription prospects generally look at fundamentals, valuations, and business potential.

Positive Indicators

  • High-growth digital logistics sector

  • Strong PAT and EBITDA expansion

  • Integrated logistics + SaaS model

  • Growing demand for tech-enabled shipping

  • Listing on BSE SME offers early-stage opportunities

Points to Consider

  • IPO priced at a fixed ₹12, requiring analysis of valuations

  • Competitive logistics sector

  • Higher minimum investment requirement for retail (₹2.4 lakh)

This IPO may appeal to investors who understand SME listings and believe in long-term digital logistics growth.

Should You Apply for the Shipwaves Online IPO?

(Informational, not advisory)

Investors usually look at:

  • GMP trend

  • Company financial growth

  • Sector potential

  • SaaS + logistics hybrid model

  • Promoter experience

While the company has shown significant financial improvement, SME IPOs often involve higher risk and require careful evaluation.

Conclusion

The Shipwaves Online IPO offers investors a chance to participate in a fast-growing digital logistics company with a strong emphasis on technology, SaaS solutions, and multimodal freight services. Searches like shipwaves ipo gmp today, shipwaves online IPO, and shipwaves ipo gmp share price reflect the rising interest in this issue.

With solid financial growth, a comprehensive service ecosystem, and a clear digital-first model, Shipwaves Online is positioned as an emerging player in the logistics-tech space. As always, investors should analyze financials, GMP, and risk factors before making participation decisions.

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