The Shipwaves Online IPO has opened for subscription from December 10 to December 12, 2025, offering investors a chance to participate in India’s growing digital logistics space. Priced at ₹12 per share with a face value of Re 1, the IPO has attracted early interest, signalling a keen market focus on technology-driven shipping solutions.
Early Subscription Status
On the first day of bidding, the IPO recorded a 17% subscription. Breaking it down:
- Retail investors: 30% booked
- Non-Institutional Investors (NII): 4% booked
- Qualified Institutional Buyers (QIB): Yet to subscribe
Investors placed bids for 74.7 lakh shares against an overall offering of 4.46 crore shares by the end of day one.
IPO Structure and Application
The IPO comprises a fresh issue of 4.70 crore shares, designed to raise funds for business expansion. Key application details include:
- Retail investors: Minimum of 20,000 shares (₹2.4 lakh)
- High Net Worth Individuals (HNIs): Minimum of 30,000 shares
Allocation across investor categories is as follows:
- Retail investors: 47.51%
- Non-Institutional Investors (NII): 47.49%
- Market maker: 5%
About Shipwaves Online
Shipwaves Online operates in the digital freight forwarding and logistics technology sector, providing multimodal shipping solutions across ocean, air, and land. Its integrated platform enables businesses to track shipments, optimise costs, and manage documentation in real time.
The company also offers:
- SaaS-based logistics tools for enterprises
- Trade finance support
- Warehousing and relocation services
- Customs clearance and insurance solutions
With a team of 35 members as of October 2025, Shipwaves aims to position itself as a full-service logistics provider for enterprises of all sizes.
Financial Snapshot
Shipwaves Online has shown steady growth in recent years:
- Revenue (FY25): ₹108.65 crore (12% growth)
- Profit After Tax (FY25): ₹12.20 crore (almost double from ₹6.29 crore in FY24)
The company plans to channel the IPO proceeds into key operational needs, including ₹17.13 crore for working capital, ₹10 crore for its subsidiary, and ₹15 crore for debt repayment, with the rest earmarked for general corporate purposes.
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