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 October 31, 2025, the company had 35 employees on payroll.
Competitive Strengths:
Shipwaves Online Ltd.’s revenue increased by 12% and profit after tax (PAT) rose by 94% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 98.37 | 81.86 | 53.98 | 26.43 |
| Total Income | 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 | 14.82 | -1.31 |
| Reserves and Surplus | 21.32 | 16.42 | 5.37 | -0.41 |
| Total Borrowing | 40.04 | 34.52 | 24.14 | 8.89 |
| Amount in ₹ Crore | ||||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 50.85% |
| ROCE | 25.79% |
| Debt/Equity | 1.33 |
| RoNW | 41.89% |
| PAT Margin | 10.01% |
| EBITDA Margin | 17.51% |
| Price to Book Value | 4.38 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.29 | 0.66 |
| P/E (x) | 9.3 | 18.12 |
Note:
The Company Shipwaves Online IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet Working Capital Requirements of Issuer Company | 17.13 |
| 2 | Investment in Subsidiary for funding its working capital requirements | 10.00 |
| 3 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Issuer Company | 15.00 |
| 4 | General Corporate Expenses | 8.45 |
| IPO Date | Wed, Dec 10, 2025 to Fri, Dec 12, 2025 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Issue Price | ₹12 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 4,69,60,000 shares (aggregating up to ₹56.35 Cr) |
| Reserved for Market Maker |
23,50,000 shares
(aggregating up to ₹2.82 Cr)
Anant Securities
|
| Net Offered to Public | 4,46,10,000 shares (aggregating up to ₹53.53 Cr) |
| Share Holding Pre Issue | 9,45,35,000 shares |
| Share Holding Post Issue | 14,14,95,000 shares |
Mr. Kalandan Mohammed Haris, Mr. Kalandan Mohammed Althaf, Mr. Kalandan Mohammad Arif, Mr. Abid Ali, Mrs. Bibi Hajira and Mr. Mohammed Sahim Haris are the promoters of the company.
| Share Holding Pre Issue | 99.96% |
| Share Holding Post Issue | 66.73% |
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As per our analysis and Based on the information we have, this is the output.
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