Shipwaves Online IPO
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Shipwaves Online IPO details
Schedule of Shipwaves Online
| Issue open date | 10 Dec 2025 |
| Issue close date | 12 Dec 2025 |
| UPI mandate deadline | 12 Dec 2025 (5 PM) |
| Allotment finalization | 15 Dec 2025 |
| Refund initiation | 16 Dec 2025 |
| Share credit | 16 Dec 2025 |
| Listing date | 17 Dec 2025 |
| Mandate end date | 27 Dec 2025 |
| Lock-in end date for anchor investors (50%) | 14 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 15 Mar 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Shipwaves Online
Shipwaves Online Limited, founded in 2015 and converted to a public company in 2022, operates as a unified digital logistics platform for global shipping across ocean, air and land. The company provides end-to-end digital freight forwarding with online booking, instant quotes, real-time shipment tracking, automated documentation, customs clearance and multimodal cargo movement. Its tech-driven approach enables businesses to move shipments worldwide with speed, transparency and cost efficiency.
Along with freight execution, Shipwaves offers Enterprise SaaS solutions that digitalize supply chain operations through tools for order management, shipment planning, rate procurement, real-time visibility and data analytics. By integrating logistics services and SaaS on a single platform, the company helps enterprises streamline processes, reduce operational complexity and gain full control over their logistics. This combined capability positions Shipwaves as a scalable and future-ready partner for global trade and supply chain digital transformation.
Financials of Shipwaves Online
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 56.35 |
| Fresh Issue – Proceeds go to the company | 56.35 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working Capital – Issuer Company | 17.13 (30.39%) |
| Investment in Subsidiary – Working Capital | 10 (17.75%) |
| Repayment / pre-payment of certain borrowings | 15 (26.62%) |
| General Corporate Purpose | 8.45 (15%) |
Strengths
- Experienced promoters and qualified management team with over 40 years’ logistics expertise.
- Integrated digital platform offering multimodal freight forwarding and Enterprise SaaS solutions.
- Strong export revenue and long-standing relationships with key clients and suppliers.
- Ability to provide end-to-end logistics services including real-time tracking, automated documentation, and customs clearance.
- Growing presence with domestic offices and a UAE subsidiary supporting international expansion.
Risks
- Company, promoters, and group entities involved in multiple litigations and tax proceedings.
- High dependency on top customers; top five contribute a major share of revenue.
- Reliance on third-party transporters exposing it to operational delays and service quality risks.
- Common pursuits by promoter group entities creating potential conflicts of interest.
- Exposure to changes in import–export laws, geopolitical issues, and intense competition in logistics market.
Allotment Status for Shipwaves Online
To check your IPO allotment status:
- Visit the Cameo Corporate Services IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.