SHIPWAVES ONLINE IPO
| DATE | GMP (GREY MARKET PREMIUM) | EXPECTED LISTING GAINS |
|---|---|---|
| 12-Dec-2025 | – | – |
| 11-Dec-2025 | – | – |
| 10-Dec-2025 | 4 | 40,000 |
Shipwaves Online IPO Overview
The Shipwaves Online IPO is a fixed-price SME public issue from a technology-enabled logistics and freight-forwarding company. Shipwaves provides multimodal transport solutions across ocean, air and road, along with digital tools for shipment tracking, documentation, and freight management. The company aims to scale its logistics footprint while expanding its digital platform to support transparent, efficient and technology-driven supply-chain operations.
The Shipwaves Online IPO GMP has been active in market discussions.
Important Dates
- IPO Opening Date: 10 December 2025
- IPO Closing Date: 12 December 2025
- Basis of Allotment: 15 December 2025
- Refunds Initiation: 16 December 2025
- Shares Credit to Demat: 16 December 2025
- Listing Date: 17 December 2025
The issue follows the standard SME IPO timeline, where allotment and demat credit occur quickly, followed by a next-day listing.
Price & Issue Size
- IPO Price (Fixed): ₹12 per equity share
- Face Value: ₹1 per share
- Total Issue Size: ₹56.35 crore
- Total Shares Offered: Approximately 4.696 million equity shares
The fixed price of ₹12 per share combined with a moderate issue size makes the offer easily accessible to retail applicants.
Lot Size & Minimum Investment
- Retail Lot Size: 10,000 shares
- Minimum Investment: ₹120,000 (₹1.20 lakh)
Because the IPO uses a fixed-price structure, every retail participant must apply for at least two full lot.
Company Background
Shipwaves Online operates a digital-first logistics marketplace that connects shippers, carriers, freight forwarders and warehouses. Its services include booking, freight forwarding, customs documentation, real-time tracking, and multi-modal shipping management. The company also offers SaaS-based tools to enterprise clients for supply-chain visibility, billing, and process automation.
The company’s business model combines shipment-based revenue with value-added services and technology-enabled solutions. As India’s logistics sector becomes more digitised, platforms like Shipwaves benefit from improved transparency, quicker documentation, and the growing preference for technology-driven supply-chain operations.
Objects of the Issue
Proceeds from the IPO will be used for:
- Funding working-capital requirements
- Investment in the company’s subsidiary for working capital
- Repayment or prepayment of certain borrowings
- General corporate purposes, including technology enhancement and business expansion
Strengths
- Operates in a fast-growing logistics and supply-chain digitisation space
- Offers both freight services and enterprise-level SaaS tools
- Fixed-price issue gives clear upfront valuation
- Essential services with consistent demand from exporters, importers, and domestic shippers
- Potential for strong scalability as digital adoption increases
Risks
- Logistics is highly competitive, with many regional and national players
- Profitability can fluctuate with trade volumes and economic cycles
- Execution challenges as the company scales operations and workforce
- SME IPOs often face lower post-listing liquidity
- Working-capital heavy business model may face cash-flow pressure if volumes fluctuate
Conclusion
The Shipwaves Online IPO offers exposure to the logistics technology sector at an early stage. With a fixed price of ₹12, a sizeable issue of ₹56.35 crore, and a clear operational expansion plan, the company aims to strengthen its role in the digital freight ecosystem. Investors should evaluate the financials, long-term scalability, and competitive landscape before applying, especially given the mixed risk-return profile typical of SME IPOs.