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 Ended | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| Assets | 98.37 | 81.86 | 53.98 | 26.43 |
| Total Income | 41.71 | 108.65 | 97.28 | 69.49 |
| Profit After Tax | 4.68 | 12.20 | 6.29 | 2.24 |
| EBITDA | 7.89 | 18.96 | 11.04 | 4.06 |
| Net Worth | 30.77 | 25.87 | 14.82 | -1.31 |
| Reserves | 21.32 | 16.42 | 5.37 | -0.41 |
| Total Borrowing | 40.04 | 34.52 | 24.14 | 8.89 |
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.