IPO Trending
SHIPWAVESSME / BSEListed
Shipwaves Online

Shipwaves Online Limited, incorporated in 2015, is a digital freight forwarding and enterprise SaaS solutions company that provides a unified platform for global shipping and logistics. It offers multimodal transportation across ocean, land, and air, along with services like digital freight forwarding, enterprise SaaS solutions for real-time data insights, and additional support such as trade finance, insurance, warehousing, customs clearance, and relocation. With a team of 35 employees as of February 28, 2025, the company focuses on delivering efficient, cost-effective, and reliable logistics management worldwide

₹12 - ₹121.7x sub
Listed Price₹12.00
Listing Gain+0.00%

IPO Schedule & Timeline

Fixed Price IPO
Open10 Dec 2025
Close12 Dec 2025
Allotment15 Dec 2025
Listing17 Dec 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker23,50,000 shares
5%
HNI2,23,00,000 shares
47.49%
Retail2,23,10,000 shares
47.51%

Minimum Application Lots

Retail2 Lots (20,000 shares)
₹2,40,000
sHNI3 Lots (30,000 shares)
₹3,60,000

Company Promoters

Mr. Kalandan Mohammed HarisMr. Kalandan Mohammed AlthafMr. Kalandan Mohammad ArifMr. Abid AliMrs. Bibi HajiraMr. Mohammed Sahim Haris

Company Background

Shipwaves Online Limited, incorporated in 2015, is a digital freight forwarding and enterprise SaaS solutions company that provides a unified platform for global shipping and logistics. It offers multimodal transportation across ocean, land, and air, along with services like digital freight forwarding, enterprise SaaS solutions for real-time data insights, a...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-25)₹41.71 Cr
Growth-40.0%
Revenue Trend (₹ in Crores)
0.041.683.3124.9Mar-23Mar-24Mar-25Sep-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-2541.714.6898.3740.04
Mar-25108.6512.2081.8634.52
Mar-2497.286.2953.9824.14
Mar-2369.492.2426.438.89

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-2500%10.18%018.12
Mar-2500%25.79%9.30
Mar-2400%22.78%00
Mar-2300%15.41%00

Peer Comparison & Valuation

Financial Performance

Timescan Logistics (India)

NAV/Share (₹)37.55
RONW(%)22.33
EPS (Basic) (₹)8.38

Lancer Container Lines

NAV/Share (₹)19.45
RONW(%)-0.07
EPS (Basic) (₹)-0.01

Tiger Logistics (India)

NAV/Share (₹)13.08
RONW(%)19.53
EPS (Basic) (₹)2.56

Shipwaves Online

NAV/Share (₹)2.74
RONW(%)41.89
EPS (Basic) (₹)1.15

Valuation

Timescan Logistics (India)

P/E(X)7.36
CMP* (₹)61.7
Face value (₹)10.0

Lancer Container Lines

P/E(X)-1,442.00
CMP* (₹)14.42
Face value (₹)5.0

Tiger Logistics (India)

P/E(X)15.17
CMP* (₹)38.84
Face value (₹)10.0

Shipwaves Online

P/E(X)10.47
CMP* (₹)12
Face value (₹)1.0

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Cameo Corporate Services Limited

Allotment Finalized
Allotment Date
15 Dec 2025
Official Status
Out / Finalized
Registrar
Cameo Corporate Services Limited
Listing Date
17 Dec 2025

Official Allotment Verification Links

Official Registrar Portal
Cameo Corporate Services Limited

Direct allotment verification on the official registrar portal appointed for Shipwaves Online. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization15 Dec 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date17 Dec 2025Trading commences on exchange

How to Check Shipwaves Online Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Shipwaves Online from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Shipwaves Online IPO

Complete issue overview for Shipwaves Online (SHIPWAVES) IPO. The issue features an equity share price band of ₹12 per share with a minimum retail lot size of 10000 Shares (minimum application amount of ₹1,20,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions