Shipwaves Online IPO Subscription Day 1
Posted by : sachet | Wed Dec 10 2025
Here, the Shipwaves Online IPO launched on 10th December 2025. Bidding for the issue will close today, 12th December 2025. The primary aim of the Shipwaves Online IPO is to raise ₹56.35 crores from the market. Also, the IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Shipwaves Online IPO subscription and details.
Shipwaves Online IPO Details
| IPO Open Date | 10th December 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹12 per share |
| Lot Size | 10,000 Shares |
| Issue Type | Bookbuilding Issue |
| Listing At | BSE & SME |
| IPO Close Date | 12th December 2025 |
| Listing Date | 17th December 2025 |
The price band for Riddhi Display Equipment’s IPO has been set at ₹12 per share, and a total of 4,69,60,000 shares are being issued. Let’s segregate the share quota fixed for different categories of investors.
| Categories | Shares Offered | Shares Percentage |
| Market Maker Shares Offered | 23,50,000 | 5.00% |
| NII (HNI) Shares Offered | 2,23,00,000 | 47.49% |
| Retail Shares Offered | 2,23,10,000 | 47.51% |
| Total Shares Offered | 4,69,60,000 | 100.00% |
Shipwaves Online IPO Subscription Status
As of now, the Shipwaves Online IPO has been subscribed to 0.45 times. Of these, 0.67 times are subscribed by retail investors, 0.23 times by non-institutional investors, and [.] times by QII (Qualified Institutional Investors).
The healthy subscription status indicates that investors are expecting higher returns at the time of Shipwaves Online’s IPO listing on 17th December 2025. Shipwaves Online also has a positive outlook behind the fresh issue of 4.70 crore shares, which will raise around Rs 56.35 crores.
Shipwaves Online IPO GMP Today
We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Shipwaves Online IPO GMP for 10th December 2025.
The grey market premium for this IPO has surged to 33.33% or Rs 4 per share. It indicates that the estimated listing price per share is Rs 16.00. Numerous factors played a pivotal role in this jump in the GMP of Riddhi Display Equipment’s IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.
| GMP DATE | IPO Price | GMP Price | Estimated Listing Price | Estimated Gain |
| 10-12-2025 | ₹12.00 | ₹4.00 | ₹16.00 | 33.33% |
| 9-12-2025 | ₹12.00 | ₹0.00 | ₹12.00 | 0.00% |
About Shipwaves Online Ltd.
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 services such as Digital Freight Forwarding, Enterprise SaaS Solution and other services like finance, insurance, warehousing, customs clearance 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 Ended | 30th Sep 2025 (in cr.) | 31st March 2025 (in cr.) | 31st March 2024 | 31st March 2023 |
| Assets | 98.37 | 81.86 | 53.98 | 26.43 |
| Revenue | 41.71 | 108.65 | 97.28 | 69.49 |
| Profit After Tax | 4.68 | 12.20 | 6.29 | 2.24 |
| EBITDA | 7.89 | 18.96 | 11.04 | 4.06 |
| Net Worth | 30.77 | 25.87 | 11.04 | 4.06 |
| Reserves and Surplus | 21.32 | 16.42 | 5.37 | -0.41 |
| Total Borrowings | 40.04 | 34.52 | 24.14 | 8.89 |
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.
Technical Indicators
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.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 9.30 |
| EPS (Earnings Per Share) | 1.29 |
| RoNW | 41.89% |
| ROCE | 25.79% |
| ROE | 50.85% |
| EBITDA Margin | 17.51% |
| Price to Book Value | 4.38 |
| Market Capitalisation | ₹169.79 cr |
Shipwaves Online IPO Listing Expectations
Shipwaves Online IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A 33.33% jump in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 16.
It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.
Shipwaves Online IPO Dates
| IPO Open Date | 15th December 2025 |
| IPO Close Date | 10th December 2025 |
| Allotment | 12th December 2025 |
| Refund Date | 16th December 2025 |
| IPO Listing Date | 17th December 2025 |
Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct research before investing.
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