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Shipwaves Online IPO GMP & Review: Apply or Avoid?

Posted by : sachet | Mon Dec 08 2025

Shipwaves Online IPO GMP & Review: Apply or Avoid?

Shipwaves Online IPO is open for bidding from 10th December 2025 to 12th December 2025. It is a bookbuilding IPO of ₹56.35 crore, an entirely fresh issue of 4.70 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 17th December 2025. 

Shipwaves Online IPO Details 

The Shipwaves Online IPO date is fixed between 10th December 2025 and 12th December 2025. The face value of Shipwaves Online shares stands at ₹1 per share, and the IPO Issue price band is set at ₹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. 

IPO Allotment Date15th December 2025
IPO Open Date10th December 2025
IPO Close Date12th December 2025
Refund Initiation 16th December 2025
Issue Size4,69,60,000 shares(aggregating up to ₹56.35 Cr)
Face Value₹1 per share
Lot Size10,000 Shares
Issue Price ₹12 per share
Issue TypeBookbuilding IPO
Listing AtBSE SME
Listing Date17th December 2025

Shipwaves Online IPO Share Reservation

Riddhi Display Equipment’s IPO is a bookbuilding IPO issue of 4.70 crore worth ₹56.35 crores. Shipwaves Online IPO Limited shares will be listed on the BSE and the SME Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Investor CategoriesShares Offered Shares Percentage
Market Maker Shares Offered 23,50,0005.00%
NII (HNI) Shares Offered2,23,00,00047.49%
Retail Shares Offered2,23,10,00047.51%
Total Shares Offered 4,69,60,000100.00%

Shipwaves Online IPO GMP Grey Market Premium

GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get 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.

GMP DATEIPO PriceGMP PriceEstimated Listing PriceEstimated Gain
12-12-2025
11-12-2025
10-12-2025₹12.00₹0.00₹12.000.00%
9-12-2025₹12.00₹0.00₹12.000.00%
8-12-2025₹12.00₹0.00₹12.000.00%
7-12-2025₹12.00₹0.00₹12.000.00%
6-12-2025₹12.00₹0.00₹12.000.00%
5-12-2025₹12.00₹0.00₹12.000.00%

As of 10th December 2025, Shipwaves Online IPO GMP stands at ₹0 per share, which means the share will likely show a listing at ₹12 on its tentative listing date, 17th December 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Shipwaves Online IPO GMP. Stay informed with Univest for real-time insights into 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 17th December 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. Thus, it is essential to understand the business’s economic growth and decline 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 increased by 94% from ₹6.29 crores in March 2024 to ₹12.20 crores in March 2025.

Shipwaves Online’s IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, the brokers, investors, and RAs have a positive outlook for the Shipwaves Online IPO for its tentative listing day, which is 17th December 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 technicals of the Shipwaves Online IPO.

Key IndicatorsValue
PE Ratio (Price-to-Earnings) 9.30
EPS (Earnings Per Share)1.29
RoNW41.89%
ROCE25.79%
ROE50.85%
EBITDA Margin17.51%
Price to Book Value4.38
Market Capitalisation₹169.79 cr

The PE ratio of Shipwaves Online Limited shares is 9.30, and its Earnings Per Share (EPS) stands at 1.29. Thus, the Shipwaves Online IPO can deliver gains on its tentative listing date, 17th December 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. Explore the table below to get post-issue updates on these two metrics. 

IndicatorsPre-IPOPost-IPO
PE Ratio9.3018.12
EPS 1.290.66

Shipwaves Online IPO Subscription Status

The Shipwaves Online IPO is to be opened for bidding on 10th December 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. 

Investor CategoriesShares Offered Shares PercentageShares SubscribedSubscription to the Times
Market Maker Shares Offered 23,50,0005.00%Yet to be announcedYet to be announced
NII (HNI) Shares Offered2,23,00,00047.49%Yet to be announcedYet to be announced
Retail Shares Offered2,23,10,00047.51%Yet to be announcedYet to be announced
Total Shares Offered 4,69,60,000100.00%Yet to be announcedYet to be announced

About Shipwaves Online Limited

Shipwaves Online 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. The company provided the services such as Digital Freight Forwarding, Enterprise SaaS Solution and other services like finance, insurance, warehousing, custom clerance and relocation services. 

Shipwaves Online Limited Financials

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

Year Ended30th Sep 2025 (in cr.)31st March 2025 (in cr.)31st March 202431st March 2023
Assets98.3781.8653.9826.43
Revenue41.71108.6597.2869.49
Profit After Tax4.6812.206.292.24
EBITDA7.8918.9611.044.06
Net Worth30.7725.8711.044.06
Reserves and Surplus21.3216.425.37-0.41
Total Borrowings40.0434.5224.148.89

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 increased by 94% from ₹6.29 crores in March 2024 to ₹12.20 crores in March 2025.

Shipwaves Online Limited IPO Promoter Holdings

Have a look at the table below to check the holdings of Shipwaves Online Limited.

Mr Hitesh Kumar Singla, Mr Nikhil Singla, Mr Nitin Dixit, and Mr Anil Kumar Sharma.

Shareholding Pre-Issue99.96%
Shareholding Post-Issue66.73%

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

Aim of Shipwaves Online IPO

The primary aim of the Shipwaves Online IPO is to raise ₹56.35 crores. On the other hand, Shipwaves Online has decided to utilise these funds in different ways.

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

Should I Invest in the Shipwaves Online IPO?

Explore the pros and cons of Shipwaves Online to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over 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 comprehensive and customised third-party logistics solutions
  • The company has innovative software

Cons of Shipwaves Online IPO

  • The company heavy dependence on third party providers and asset light model
  • The company has high concentration of revenue among a few major customers & su-ppliers 
  • The company has financial leverage and unsecured loans pose financial risk

How to Apply for Shipwaves Online IPO?

Check the steps mentioned below to apply for Shipwaves Online Ltd.

  • Step 1: Conduct thorough research on the Shipwaves Online IPO GMP, subscription status, issue size, lot size, and other details. 
  • Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
  • Step 3: Make a bid for 2 lots of 20,000 shares worth ₹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 across multiple demat accounts to increase your chances of allotment. 

How to Check Shipwaves Online IPO Allotment Status?

You can check for the Shipwaves Online IPO allotment in different ways. These include NSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On BSE

  • Visit the BSE Official Site
  • 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 bookbuilding 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 17th December 2025. Researching the Shipwaves Online IPO GMP and reviews is highly recommended to achieve your desired 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 10th December 2025, the Shipwaves Online GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹12 per share. It is a bookbuilding IPO of ₹56.35 shares. The face value of each Shipwaves Online share is ₹1 per share. 

What is the Shipwaves Online IPO price?

Ans. The Shipwaves Online IPO issue price band is set at ₹12.00 per share. 

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 increased by 94% from ₹6.29 crores in March 2024 to ₹12.20 crores in March 2025.

Who is the registrar of the Shipwaves Online IPO?

Ans. Cameo Corporate Services Limited is the registrar for the Shipwaves Online IPO, awaiting to manage the allotment process and initiate 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 IPO is a bookbuilding IPO for ₹56.35 shares. Moreover, the IPO is set to open on 10th December 2025 and will be closed on 12th December 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 Shipwaves Online IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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