| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹56.35 Cr |
| Reserved for Market Maker | ₹2.82 Cr |
| Net Issue Size | ₹56.35 Cr |
| Fresh Issue | ₹53.53 Cr |
| Face Value | โน1 Per Equity Share |
| Issue Price | โน12.00 per share |
| BSE Code | 544646 |
| Registrar | Cameo Corporate Services Ltd. |
| Lead Managers | Finshore Management Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 20,000 shares ยท Multiples of 10,000 shares
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:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | To meet Working Capital Requirements of Issuer Company | 17.13 |
| 2 | Investment in Subsidiary for funding its working capital requirements | 10.00 |
| 3 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Issuer Company | 15.00 |
| 4 | General Corporate Expenses | 8.45 |
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 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 and Surplus | 21.32 | 16.42 | 5.37 | -0.41 |
| Total Borrowing | 40.04 | 34.52 | 24.14 | 8.89 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2025 |
|---|---|
| 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 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 1.29 | 0.66 |
| P/E (x) | 9.3 | 18.12 |
| Promoter Holding | 99.96% | 66.73% |
| Market Cap | โน169.79 Cr. | |