Shipwaves Online came to market through an SME IPO that opened on 10 December 2025 and closed on 12 December 2025, and the shares listed on 17 December 2025 on BSE SME. The price band was ₹12 per share and one lot was 10000 shares, so the minimum application was ₹1,20,000. The issue size was ₹56.35 crore. The whole issue was fresh shares, so the money raised went to the company.
Cameo Corporate Services Ltd was the registrar to the issue, and Finshore Management Services Ltd was the lead manager.
As of 12 December 2025.
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Incorporated in 2015, Shipwaves Online Limited deals with digital freight forwarding and enterprise SaaS solutions. With a single platform for shipping and logistics, multimodal ocean, land, and air transportation solutions are offered ensuring effective, economical, and reliable global shipment management. Services: Digital Freight Forwarding:Utilizing advanced technology to make logistics smooth, offering end-to-end solutions for global shipments. Enterprise SaaS Solutions:Providing software solutions that digitize shipping and logistics, providing real-time data insights to maximize operating efficiency. Other Services:
The firm provides trade finance, insurance, warehousing, customs clearance, and relocation services for secure, efficient global transportation. As of February 28, 2025, the firm employs 35 people on the payroll.
As described in the offer document.
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Mr. Kalandan Mohammed Haris, Mr. Kalandan Mohammed Althaf, Mr. Kalandan Mohammad Arif, Mr. Abid Ali, Mrs. Bibi Hajira, Mr. Mohammed Sahim Haris. Promoter holding 99.96% before the issue and 66.73% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Shipwaves Online IPO was a ₹56.35 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹12 per share with a lot size of 10,000 shares; the minimum retail application was 20,000 shares (₹2,40,000). The IPO was open from December 10 to December 12, 2025 and was subscribed 1.7x. Shares listed on BSE SME on December 17, 2025 at ₹12, in line with the issue price of ₹12. Cameo Corporate Services Ltd. is the registrar.
Finshore Management Services Ltd. is the book running lead manager.
The issue price of Shipwaves Online IPO is ₹12 per share (fixed price).
The lot size of Shipwaves Online IPO is 10000 shares.
The minimum investment for Shipwaves Online IPO is approximately ₹2,40,000 based on the issue price.
The allotment date of Shipwaves Online IPO is Dec 15, 2025.
You can check Shipwaves Online IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Shipwaves Online IPO allotment status on Rupix for quick and easy access.
₹12 per share, against a face value of ₹1. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 10000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,20,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,20,000, for one lot of 10000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 10 December 2025 and closed on 12 December 2025.
The basis of allotment was published on 15 December 2025 by Cameo Corporate Services Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 17 December 2025 on BSE SME.
The issue size was ₹56.35 crore. The fresh issue was 4,69,60,000 shares (aggregating up to ₹56.35 crore).