The Shipwaves Online IPO opens on September 30, 2025, and will close on October 6, 2025. The Shipwaves Online IPO is a fixed-price issue. The company will raise approximately ₹56.35 crore through the IPO, which includes a fresh issue of ₹56.35 crore worth of shares and an offer for sale of ₹1 equity shares.
The price band for the Shipwaves Online IPO is ₹12 per share. The retail quota is 50%, QIBs 0%, and HNIs 50%. The Shipwaves Online IPO will be listed on the BSE on October 9, 2025. The IPO allotment of the Shipwaves Online IPO will take place on October 7, 2025.
The company reported revenue of ₹97.28 crore in 2024. The company reported a profit of ₹6.29 crore in 2024. As per the financials, IPO investors should invest in the IPO GMP for the long term.
Shipwaves Online IPO Details
| IPO Open Date | September 30, 2025 |
| IPO Close Date | October 6, 2025 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹12 Per Share |
| Issue Size | Approx ₹56.35 Crores |
| Fresh Issue | Approx ₹56.35 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Shipwaves Online IPO Market Lot
The Shipwaves Online IPO minimum market lot is 20,000 shares with ₹2,40,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 20,000 | ₹2,40,000 |
| Retail Maximum | 2 | 20,000 | ₹2,40,000 |
| S-HNI Minimum | 3 | 30,000 | ₹3,60,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| NII Shares Offered | – Shares | 50% |
| Retail Shares Offered | – Shares | 50% |
Shipwaves Online IPO Dates
The Shipwaves Online IPO date is September 30 and the close date is October 6. The Shipwaves Online IPO allotment will be finalized on October 7 and the IPO listing on October 9.
| IPO Open Date: | September 30, 2025 |
| IPO Close Date: | October 6, 2025 |
| Basis of Allotment: | October 7, 2025 |
| Refunds: | October 8, 2025 |
| Credit to Demat Account: | October 8, 2025 |
| IPO Listing Date: | October 9, 2025 |
| IPO Bidding Cut-off Time: | October 6, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Mr. Kalandan Mohammed Haris, Mr. Kalandan Mohammed Althaf, Mr. Kalandan Mohammad Arif, Mr. Abid Ali, Mrs. Bibi Hajira and Mr. Mohammed Sahim Haris.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 9,45,35,000 | 99.96% |
| Promoter Holding Post Issue | 14,14,95,000 | 66.73% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| To meet Working Capital Requirements of Issuer Company | 28.47 |
| Investment in Subsidiary for funding its working capital requirements | 10.00 |
| Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Issuer Company | 15.00 |
| Issue Related Expenses | 6.97 |
| General Corporate Purpose | 10.00 |
About Shipwaves Online IPO
To be updated soon
Shipwaves Online IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹97.28 | ₹90.03 | ₹6.29 | ₹53.98 |
| September 2024 | ₹45.81 | ₹38.85 | ₹6.28 | ₹65.80 |
Shipwaves Online IPO Valuation – FY2024
Check Shipwaves Online IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 163.93% |
| ROCE: | 57.35% |
| EBITDA Margin: | 11.52% |
| PAT Margin: | 8.98% |
| Debt to equity ratio: | 2.31 |
| Earning Per Share (EPS): | ₹0.62 (Basic) |
| Price/Earning P/E Ratio: | 24.29 |
| Return on Net Worth (RoNW): | 39.38% |
| Net Asset Value (NAV): | ₹2.15 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Tiger Logistics (India) Limited | 12.27 | 3.40 | 11.70% | 10.48 | 240.26 Cr. |
| Lancer Container Lines Limited | 2.65 | 7.81 | 14.58% | 15.99 | 633.41 Cr. |
| Timescan Logistics (India) Limited | 10.85 | 4.52 | 18.61% | 58.33 | 201.92 Cr. |