Shipwaves Online IPO GMP & Review: Should You Apply or Avoid?

Check Expert’s Verdicts on Shipwaves Online IPO

Shipwaves Online’s IPO is open for bidding from 30th September 2025 to 6th October 2025. It is a book-building IPO of ₹56.35 crores, comprising an entirely fresh issue of ₹4.70 crores. The problem will be listed on BSE and SME on its tentative listing date, 9th October 2025. 

Shipwaves Online IPO Details 

The Shipwaves Online IPO date is fixed between 30th September 2025 and 6th October 2025. The face value of Shipwaves Online’s IPO shares is ₹1 per share, and the IPO price is set between ₹12 per share.

Cameo Corporate Services Limited is the registrar of the Shipwaves Online IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Shipwaves Online IPO Share Reservation

Shipwaves Online’ IPO is a book-building IPO of ₹56.35 crores, comprising an entirely fresh issue of 0.64 crore shares, which will be listed on the BSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Shipwaves Online IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Shipwaves Online IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of September 29, 2025, Shipwaves Online’s IPO GMP stands at ₹0 per share, indicating that the share is likely to list at ₹12 on its tentative listing date, October 9, 2025.

GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Shipwaves Online GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

Shipwaves Online IPO GMP Review

Check out the detailed Shipwaves Online GMP IPO review for a thorough understanding of its potential to report listing gains on 9th October 2025. The Shipwaves Online IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s financial growth margins and declines before applying for the Shipwaves Online IPO.

Shipwaves Online Limited’s revenue increased by 12% from ₹97.28 crores in March 2024 to ₹108.65 crores in March 2025. Moreover, the company’s PAT rose by 94% from ₹6.29 crores to ₹12.20 crores.

Shipwaves Online Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Shipwaves Online IPO for its tentative listing day, 9th October 2025.  

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Shipwaves Online IPO.

The P/E ratio of Shipwaves Online Limited’s share is 9.3, and its Earnings Per Share (EPS) stands at 1.29. Thus, the Shipwaves Online Limited IPO can potentially deliver gains on its tentative listing date, 9th October 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Shipwaves Online Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics. 

Shipwaves Online IPO Subscription Status

The Shipwaves Online IPO is scheduled to open for bidding on September 30, 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Shipwaves Online IPO subscription status. 

About Shipwaves Online Limited

Shipwaves Online Limited was established in 2015, Shipwaves Online Limited is engaged in the business of digital freight forwarding and enterprise SaaS solutions. The company offers a unified platform for shipping and logistics, providing multimodal transportation solutions ocean, land, and air ensuring efficient, cost-effective, and reliable global shipment management.

Services:

1. Digital Freight Forwarding:Leveraging advanced technology to streamline logistics processes, providing end-to-end support for global shipments.
2. Enterprise SaaS Solutions:Offering software solutions that digitalize shipping and logistics, delivering real-time data insights to enhance operational efficiency.
3. Other Services: The company offers trade finance, insurance, warehousing, customs clearance, and relocation services for secure, efficient global logistics.

Shipwaves Online Limited Financials

The company’s financial analysis is essential before applying for the Shipwaves Online  IPO. Refer to the table to learn about Shipwaves Online Limited’s financial information. 

Explanation

Shipwaves Online Limited’s revenue increased by 12% from ₹97.28 crores in March 2024 to ₹108.65 crores in March 2025. Moreover, the company’s PAT rose by 94% from ₹6.29 crores to ₹12.20 crores.

Shipwaves Online IPO Bidding Requirements

Investors can bid for a minimum of 20,000 shares and in multiples of 10,000 thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.

Shipwaves Online’s IPO has reserved lot sizes for different investor categories. Refer to the table below to view the requirements for applying to this IPO.

Use the lot size calculator to find how many shares you should apply for!

Shipwaves Online IPO Promoter Holding

Refer to the table below to review the holdings of Shipwaves Online Limited’s promoters: Sanjay Singhania, Ajay DD Singhania, Bajrang Bothra, Laxmi Pat Bothra and Nikhil Bothra.

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

Aim of the Shipwaves Online IPO

The primary aim of the Shipwaves Online IPO is to raise ₹56.35 crore. On the other hand, Shipwaves Online has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Shipwaves Online IPO.

• To meet the Working Capital Requirements of the Issuer Company
• To invest in a Subsidiary for funding its working capital requirements
• To Repayment and/or pre-payment, in whole or part, of certain borrowings availed by the Issuer Company
• To Issue Related Expenses
• To General Corporate Expenses

Should I Invest in the Shipwaves Online IPO?

Explore the pros and cons of Shipwaves Online to determine whether you should apply or avoid them. These pros and cons may help you understand the IPO’s efficiency in generating profits in the coming decades. 

Pros of Shipwaves Online IPO

• The company has experienced promoters and qualified management teams
• The company has a diverse customer base across many sectors
• The company has innovative software revolutionising logistics solutions

Cons of Shipwaves Online IPO

• The company has a high debt and leverage
• The company has modest profitability and margin growth
• The company has working capital and is dependent on fresh funds

How to Apply for the Shipwaves Online IPO?

Please follow the steps outlined below to apply for a position at Shipwaves Online Limited.

• Step 1: Conduct thorough research on the Shipwaves Online IPO, including GMP, subscription status, issue size, lot size, and other relevant details. 
• Step 2: Open a demat account with Univest to gain real-time insights into GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Place a bid for two lots of 20,000 shares, valued at ₹2,40,000.
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Shipwaves Online IPO from more than one demat account to increase your chances of allotment. 

How to Check Shipwaves Online IPO Allotment Status?

You can check whether the Shipwaves Online IPO allotment has been completed in different ways. These include NSE and the registrar portal. Refer to the steps below to check your allotment status online.

Check On BSE

• Visit the BSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Shipwaves Online IPO.  
• Choose whether to proceed with the PAN number or the application number. 
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Shipwaves Online IPO allotment status.

Let’s Wrap

Shipwaves Online’ IPO is a fresh issue of shares worth ₹56.35 crores. The shares of Shipwaves Online Limited will be listed on BSE and SME on its tentative listing date of 9th October 2025. Researching the Shipwaves Online IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Shipwaves Online IPO

How is the Shipwaves Online IPO?

Ans. Currently, on 29th September 2025, the Shipwaves Online IPO GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹12.00 per share. It is a book-building IPO of ₹56.35 crores, comprising an entirely fresh issue of 4.70. The face value of each share of Shipwaves Online Limited is ₹1 per share.

What is the IPO price of Shipwaves Online?

Ans. The Shipwaves Online IPO price is set at ₹12 per share.  Retail investors can apply for a minimum of 2 lots, each consisting of 20,000 shares, worth ₹2,40,000. Moreover, HNIs are required to bid for a minimum of 3 lots (20,000 shares) worth ₹3,60,000.

Is the Shipwaves Online IPO a good investment?

Ans. Shipwaves Online Limited’s revenue increased by 12% from ₹97.28 crores in March 2024 to ₹108.65 crores in March 2025. Moreover, the company’s PAT rose by 94% from ₹6.29 crores to ₹12.20 crores.

Who is the registrar of the Shipwaves Online IPO?

Ans. Cameo Corporate Services Limited is the registrar of the Shipwaves Online IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Shipwaves Online allotment and refund, you can contact Cameo Corporate Services Limited at ipo@cameoindia.com  or +91-44-28460390.

What is the issue size of the Shipwaves Online IPO?  

Ans. Shipwaves Online’s IPO is a book-building IPO of ₹56.35 crores, comprising an entirely fresh issue of 4.70 crore shares. Moreover, the IPO is set to open on 30th September 2025 and will be closed on 6th October 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Shipwaves Online IPO, download the Shipwaves Online IPO RHP and the Shipwaves Online  IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.

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