Shipwaves Online IPO

About Shipwaves Online IPO

The IPO of Shipwaves Online comprises only a fresh issue. The fresh issue comprises up to 4,69,60,000 equity shares. The price band is ₹12 per share.

Shipwaves Online IPO opens on December 10, 2025 and closes on December 12, 2025. The allotment of shares will take place on December 15, 2025. The credit of shares to the Demat account will take place on December 16 2025. The initiation of refunds will take place on December 16, 2025. The listing of shares will take place on December 17, 2025.

The lot size of shares in the IPO is 10,000. The minimum number of lots in the IPO for retail investors is 2 i.e. 20,000 shares. The minimum investment amount required by a retail investor is ₹2,40,000 based on the upper price.

Shipwaves Online presents itself as a comprehensive, single unified platform designed to meet its client’s shipping and logistical needs. Its expertise spans across multimodal transportation solutions, offering seamless end-to-end support for shipments across ocean, land, and air. With a focus on providing efficient, cost-effective, and reliable services, it enables businesses to manage and move shipments globally with ease.

Objectives of Shipwaves Online IPO

The company proposes to utilise the proceeds received from the IPO:

• To meet working capital requirements
• For investment in subsidiary for funding its working capital requirements
• For repayment and/or pre-payment, in full or part, of certain borrowings
• To meet issue expenses
• For general corporate purposes

Industry Outlook

The Indian logistics sector stands as one of the world's largest and plays a crucial role in driving economic growth. Following a 2% contraction in FY21, the market experienced a robust post-COVID recovery in FY22, witnessing a remarkable 14% growth and reaching a value of US$435 billion. As per the projections from EY, a leading global consulting firm, the logistics market in India is poised to expand further, reaching US$591 billion by FY27.

The report further states that in FY22, organised players represented only 5.5-6% of the logistics market segments, encompassing road transportation, warehousing, and supply chain services. However, organised players are anticipated to exhibit a notable CAGR of approximately 32% between 2022 and 2027. Consequently, their market share is expected to reach 12-15% by FY27.

This transformation is expected to be led by organised players’ capacity to provide integrated services, leverage network- and scale-driven efficiencies, and make substantial investments in technology and engineering. These efforts are projected to promote their market competitiveness and capture a larger share of customer business.

Shipwaves Online Company Information

Shipwaves Online presents itself as a comprehensive, single unified platform designed to meet its client’s shipping and logistical needs. Its expertise spans across multimodal transportation solutions, offering seamless end-to-end support for shipments across ocean, land, and air. With a focus on providing efficient, cost-effective, and reliable services, it enables businesses to manage and move shipments globally with ease.

The company’s platform is built to offer real-time visibility, ensuring that clients have full transparency and control over their logistics operations from the point of origin to the final destination. By integrating the capabilities of multimodal transport, it provides businesses with the flexibility to choose the best routes and modes of transportation based on their specific requirements—be it speed, cost, or efficiency.

Strengths of Shipwaves Online

• Experienced promoters and qualified management team
• Innovative software revolutionising logistics solutions
• Commitment to cost efficiency and excellence in logistics
• Diverse customer base across many sectors
• Comprehensive and customised third-party logistics solutions

Risks of Shipwaves Online

• Dependence on leased premises for business operations Cancellation or orders by customers or delay or reduction in their orders could have a material adverse effect on business
• Company is dependent on a few suppliers for purchases of product/service
• Adverse development affecting the growth of trade volumes and freight rates may have an adverse effect on business
• Sustained negative cash flow could adversely impact on business, financial condition and results of operations

Anchor Investor Bidding Date

The anchor investor bidding date is Dec 09, 2025.

IPO Registrar and Book Running Lead Manager

• IPO Registrar: Cameo Corporate Services
• Book Running Lead Managers: Finshore Management Services

Shipwaves Online Business Model

Shipwaves Online offers two primary service categories — Digital Freight Forwarding and Enterprise SaaS Solutions — each designed to meet the evolving needs of businesses in the global logistics and supply chain industry.

As a digital freight forwarder, the company provides end-to-end logistics services by leveraging advanced technology to streamline the transportation process across multiple modes — ocean, land, and air. Its platform facilitates hassle-free bookings, real-time shipment tracking, automated documentation and efficient customs clearance.

In addition to its freight forwarding capabilities, the company delivers robust enterprise SaaS solutions tailored to meet the complex demands of supply chain management.

Shipwaves Online Growth Trajectory

The revenue from operations of Shipwaves Online grew from ₹69.3084 crores in FY 23 to ₹108.2841 crores in FY 25. The EBITDA margin of the company increased from 5.86% in FY 23 to 17.51% in FY 25, while PAT margin increased from 3.23% in FY 23 to 10.01% in FY 25. Commitment to cost efficiency and excellence and a diverse customer base across many sectors have helped the company grow over the years.

Shipwaves Online Market Position

Shipwaves Online caters to a wide range of industries and its clientele comprises both Indian corporate groups and multinational corporations, underscoring its ability to meet the needs of a varied and demanding market.

With a comprehensive portfolio of logistics services tailored to the unique requirements of each sector, the company is well-positioned to support a broad spectrum of industries. The company’s ability to serve diverse industries underscores its adaptability, making it a trusted partner for businesses across India.

How to Apply for Shipwaves Online IPO?

To apply for Shipwaves Online IPO:

• Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.