SHIPWAVES ONLINE IPO
Quick Overview
| IPO Period | 10th – 12th Dec 2025 |
|---|---|
| Listing on | 17 Dec 2025 |
| Price Band | ₹12 |
| Lot Size & Minimum Investment | 10,000 shares (₹120,000) |
| Total Issue Size | INR 56 Crores |
Crucial Dates for SHIPWAVES ONLINE IPO Participants
- Opening Date: 10 Dec 2025
- Closing Date: 12 Dec 2025
- UPI Payment Deadline: 12 Dec 2025 (5 PM)
- Allotment Announcement: 15 Dec 2025
- Refund Processing: 16 Dec 2025
- Demat Credit: 16 Dec 2025
- Stock Market Listing: 17 Dec 2025
- Mandate Validity End: 27 Dec 2025
- Anchor Investor Lock-in Release (50%): 14 Jan 2026
- Anchor Investor Lock-in Release (Remaining): 15 Mar 2026
*Dates may be revised as per official updates.
Unveiling SHIPWAVES ONLINE: A Digital Logistics Innovator
Founded in 2015 and later converted into a public company in 2022, SHIPWAVES ONLINE Limited stands at the forefront of digital transformation in the logistics sector. The company operates a sophisticated, unified digital logistics platform designed to streamline global shipping operations across ocean, air, and land. Its innovative approach provides businesses with end-to-end digital freight forwarding solutions, encompassing everything from online booking and instant quotation generation to real-time shipment tracking, automated documentation, and efficient customs clearance processes. This comprehensive suite facilitates seamless multimodal cargo movement globally.
SHIPWAVES ONLINE leverages technology to empower businesses, enabling them to transport shipments worldwide with enhanced speed, transparency, and cost-efficiency. Beyond core freight execution, the company extends its expertise through Enterprise SaaS solutions. These robust tools are engineered to digitalize critical supply chain operations, offering functionalities for order management, meticulous shipment planning, dynamic rate procurement, real-time visibility into logistics flows, and insightful data analytics. By strategically integrating diverse logistics services with advanced SaaS capabilities onto a single, intuitive platform, SHIPWAVES ONLINE effectively helps enterprises to optimize their processes, significantly reduce operational complexities, and gain absolute control over their entire logistics ecosystem. This dual capability firmly positions SHIPWAVES ONLINE as a scalable, adaptable, and future-ready partner essential for navigating the evolving landscape of global trade and fostering supply chain digital transformation.
IPO Allocation: Understanding the Funds Raised
| Total Funds Raised | INR 56.35 Crores |
|---|---|
| Fresh Issue Component | INR 56.35 Crores |
| Offer for Sale Component | None |
The SHIPWAVES ONLINE IPO is structured entirely as a fresh issue, meaning all proceeds from the offering will directly flow into the company’s accounts. This strategic choice underscores the company’s commitment to funding its growth initiatives and strengthening its operational capabilities. The total funds projected to be raised through this public offering amount to INR 56.35 Crores, all of which will be instrumental in executing SHIPWAVES ONLINE’s planned capital expenditures and strategic objectives.
Strategic Deployment of IPO Proceeds by SHIPWAVES ONLINE
| Objective | Amount (INR Crores) | Allocation % |
|---|---|---|
| Working Capital – Issuer Company | 17.13 | 30.39% |
| Investment in Subsidiary – Working Capital | 10.00 | 17.75% |
| Repayment / pre-payment of certain borrowings | 15.00 | 26.62% |
| General Corporate Purpose | 8.45 | 15.00% |
The capital raised through the IPO will be strategically allocated across several key areas crucial for SHIPWAVES ONLINE’s sustained growth and operational efficiency. A substantial portion, 30.39% (INR 17.13 Crores), is earmarked for enhancing the issuer company’s working capital, ensuring robust liquidity for day-to-day operations and future expansion. Additionally, INR 10 Crores (17.75%) will be invested into a subsidiary to augment its working capital, bolstering its operational capacity and market reach. A significant allocation of INR 15 Crores (26.62%) is designated for the repayment or pre-payment of existing borrowings, which will help to deleverage the company’s balance sheet and improve its financial health. The remaining funds, including INR 8.45 Crores (15%), will be utilized for general corporate purposes, providing flexibility to pursue various strategic initiatives, operational expenditures, and inorganic growth opportunities as they arise.
SHIPWAVES ONLINE’s Distinctive Advantages
- Experienced Leadership and Management: The company benefits from a highly experienced team of promoters and qualified management personnel, collectively possessing over 40 years of profound expertise in the logistics sector. This depth of knowledge provides a strong foundation for strategic decision-making and operational excellence.
- Integrated Digital Platform and Service Offering: SHIPWAVES ONLINE distinguishes itself with a unified digital platform that seamlessly integrates multimodal freight forwarding services with advanced Enterprise SaaS solutions. This unique combination offers clients a comprehensive, one-stop solution for their diverse logistics and supply chain digitalization needs.
- Robust Export Revenue and Client Relationships: A significant portion of the company’s revenue is driven by strong export operations, supported by long-standing and robust relationships with a diverse portfolio of key clients and suppliers. This stable client base contributes to revenue predictability and market presence.
- End-to-End Logistics Capabilities: The platform provides complete end-to-end logistics services, covering crucial aspects such as real-time tracking, automated documentation processing, and efficient customs clearance. These capabilities enhance supply chain visibility, reduce manual efforts, and ensure timely delivery.
- Strategic Expansion and Global Footprint: SHIPWAVES ONLINE demonstrates a growing presence through its network of domestic offices and a strategically located subsidiary in the UAE. This geographical expansion supports its aspirations for international growth and strengthens its capacity to serve a global clientele effectively.
Navigating the Challenges: Key Risks for SHIPWAVES ONLINE
- Litigation and Tax Proceedings: The company, its promoters, and associated group entities are currently involved in various litigations and tax proceedings. Adverse outcomes in these matters could potentially impact the company’s financial condition and operational focus.
- High Customer Concentration: There is a significant dependency on a limited number of top customers, with the top five clients contributing a major share of the company’s revenue. The loss of any of these key customers could materially affect SHIPWAVES ONLINE’s financial performance.
- Reliance on Third-Party Transporters: The company relies on third-party transporters for a substantial portion of its logistics operations. This reliance exposes it to potential risks such as operational delays, inconsistencies in service quality, and increased costs, which are beyond its direct control.
- Potential Conflicts of Interest: Common pursuits and overlapping business interests among promoter group entities could give rise to potential conflicts of interest. Such situations might necessitate careful management to ensure the best interests of SHIPWAVES ONLINE and its shareholders are prioritized.
- External Market and Regulatory Exposures: The company is susceptible to changes in import-export laws, global geopolitical developments, and the inherently intense competition within the logistics market. These external factors can influence demand, operational costs, and overall profitability.
Real-Time Subscription Status of SHIPWAVES ONLINE IPO
Subscription statistics will be updated here based on the latest available information once the IPO bidding process commences and progresses.
| Investor Category | Shares Reserved (Lakhs) | Shares Applied (Lakhs) | Subscription (Times) |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | N/A | N/A | N/A |
| Non-Institutional Investors (NII) | N/A | N/A | N/A |
| Retail Individual Investors (RII) | N/A | N/A | N/A |
| Total | N/A | N/A | N/A |
*GMP figures are unofficial and may vary; exchange data is more reliable.
Participate in the SHIPWAVES ONLINE IPO
Investors can participate in this IPO via the official Dhan Kirti IPO platform before the subscription closes.
