Incorporated 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:
- Digital Freight Forwarding:Leveraging advanced technology to streamline logistics processes, providing end-to-end support for global shipments.
- Enterprise SaaS Solutions:Offering software solutions that digitalize shipping and logistics, delivering real-time data insights to enhance operational efficiency.
- Other Services: The company offers trade finance, insurance, warehousing, customs clearance, and relocation services for secure, efficient global logistics.
As of the February 28, 2025, the company has 35 employees on payroll.
Competitive Strengths:
- Experienced Promoters and Qualified Management Team
- Innovative Software: Revolutionizing Logistics Solutions
- Commitment to Cost Efficiency and Excellence in Logistics
- Diverse Customer Base Across Many Sectors
- Comprehensive and Customized Third-Party Logistics Solutions
| Purpose | Amount (₹ Cr) |
|---|---|
| To meet Working Capital Requirements of Issuer Company | ₹17 |
| Investment in Subsidiary for funding its working capital requirements | ₹10 |
| Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Issuer Company | ₹15 |
| Issue Related Expenses | ₹6 |
| General Corporate Expenses | ₹8 |
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 82 | 54 | 26 |
| Revenue | 109 | 97 | 69 |
| PAT | 12 | 6 | 2 |
| EBITDA | 19 | 11 | 4 |
| Net Worth | 26 | 15 | -1 |
| Reserves | 16 | 5 | -0 |
| Total Borrowing | 35 | 24 | 9 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 22,300,000 (47%) | — |
| Retail (RII) | — | 22,310,000 (48%) | — |
| Market Maker | — | 2,350,000 (5%) | — |
| Total | — | 46,960,000 (100%) | — |
* Amount calculated at upper price band (₹12) · ** Total includes all investor categories
- 1 Initiation of Refund 16 Dec 2025
- 2 Credit of Shares to Demat 16 Dec 2025
- Retail allocation is strong at 48% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 14x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹1 compares to post-issue EPS of ₹1 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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