{"id":61923,"date":"2025-12-06T10:55:28","date_gmt":"2025-12-06T05:25:28","guid":{"rendered":"https:\/\/newswiredelhi.com\/index.php\/2025\/12\/06\/shipwaves-online-ltd-announces-inr-56-35-cr-sme-ipo-to-open-on-december-10th-2025\/"},"modified":"2025-12-06T10:55:28","modified_gmt":"2025-12-06T05:25:28","slug":"shipwaves-online-ltd-announces-inr-56-35-cr-sme-ipo-to-open-on-december-10th-2025","status":"publish","type":"post","link":"https:\/\/newswiredelhi.com\/index.php\/2025\/12\/06\/shipwaves-online-ltd-announces-inr-56-35-cr-sme-ipo-to-open-on-december-10th-2025\/","title":{"rendered":"Shipwaves Online Ltd Announces INR 56.35 Cr SME IPO; To Open on December 10th 2025"},"content":{"rendered":"
\n
Mangalore <\/b>(Karnataka) [India], December 6: <\/strong><\/span>Shipwaves Online Limited<\/a>, a Mangalore-based digital freight forwarding and logistics-tech company, has announced the launch of its \u20b956.35 crore Initial Public Offering (IPO) on the BSE SME platform, opening on December 10, 2025, and closing on December 12, 2025.<\/div>\n
\n

The company will issue 4.69 crore equity shares of face value \u20b91\/- each at a fixed price of \u20b912 per share, representing a 33.19% dilution post-issue.<\/p>\n

Unified Logistics & SaaS Solutions Company<\/strong><\/p>\n

Founded in 2015, Shipwaves operates as a multimodal logistics platform providing ocean, air, and road freight solutions alongside a suite of enterprise SaaS tools for supply chain optimization.<\/p>\n

Its offerings include real-time visibility, automated documentation, online booking, demand forecasting, and digital freight management, enabling seamless, end-to-end logistics operations.<\/p>\n

Strong Financial Growth<\/strong><\/p>\n

Shipwaves has demonstrated robust growth, with consolidated revenue rising to \u20b9108.28 crore in FY25, up from \u20b996.71 crore in FY24.<\/p>\n

Profit after tax nearly doubled to \u20b910.83 crore in FY25, compared to \u20b95.83 crore in FY24, while EBITDA margin improved to 17.51%, reflecting enhanced operational efficiencies.<\/p>\n

For the six-month period ending September 30, 2025, the company recorded \u20b940.98 crore in revenue and \u20b94.45 crorePAT, maintaining a 10.88% profit margin.<\/p>\n

Use of IPO Proceeds<\/strong><\/p>\n

As per the prospectus, Shipwaves will utilize the IPO funds for:<\/p>\n

    \n
  • Working capital requirements<\/li>\n
  • Investment in its subsidiary<\/li>\n
  • Partial repayment\/prepayment of borrowings<\/li>\n
  • General corporate purposes and issue-related expenses<\/li>\n<\/ul>\n

    Post-Issue Capital Structure<\/strong><\/p>\n

    Post-IPO:<\/p>\n

      \n
    • Net worth will increase from \u20b930.76 crore to \u20b987.12 crore<\/li>\n
    • Share capital will rise from \u20b99.45 crore to \u20b914.14 crore, comprising equity shares of face value \u20b91\/- each<\/li>\n<\/ul>\n

      Promoter shareholding, currently at 99.96%, will reduce to 66.79% post-issue.<\/p>\n

      Major promoters include Kalandan Mohammed Haris, Kalandan Mohammed Althaf, Kalandan Mohammad Arif, Abid Ali, Bibi Hajira, and Mohammed Sahim Haris.<\/p>\n

      Industry Tailwinds<\/strong><\/p>\n

      Shipwaves operates within two rapidly expanding sectors:<\/p>\n

        \n
      • India\u2019s logistics market, projected to reach US$ 591 billion by FY27<\/li>\n
      • India\u2019s SaaS market, expected to grow to US$ 50 billion by 2030<\/li>\n<\/ul>\n

        These trends provide significant growth momentum for Shipwaves\u2019 hybrid logistics + SaaS business model.<\/p>\n

        IPO Intermediaries<\/strong><\/p>\n

          \n
        • Lead Manager: Finshore Management Services Pvt Ltd<\/li>\n
        • Registrar: Cameo Corporate Services Ltd<\/li>\n
        • Market Maker: Anant Securities<\/li>\n<\/ul>\n

          Listing<\/strong><\/p>\n

          Following the issue, the equity shares of face value \u20b91\/- each will be listed on the BSE SME platform.<\/p>\n

          If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

          Mangalore (Karnataka) [India], December 6: Shipwaves Online Limited, a Mangalore-based digital freight forwarding and logistics-tech company, has announced the launch of its \u20b956.35 crore Initial Public Offering (IPO) on the […]<\/p>\n","protected":false},"author":1,"featured_media":61924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":54},"categories":[4],"tags":[54],"class_list":["post-61923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/61923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=61923"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/61923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/61924"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=61923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=61923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=61923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}