Shipwaves Online Limited Announces Issue Price of Rs 12 per share for Upcoming IPO; Subscription Opens December 10

PNN

Mumbai (Maharashtra) [India], December 8: Shipwaves Online Limited, a company specialising in multimodal transportation and providing seamless end-to-end shipment solutions across ocean, land, and air, has announced a price band of Rs. 12 per equity share for its upcoming initial public offering. The issue will open for subscription on December 10, 2025, and will close on December 12, 2025.

The IPO will be listed on the BSE SME. Finshore Management Service Ltd. is the Book Running Lead Manager for the issue. Cameo Corporate Service Limited is the Registrar, while the Market Maker for the company is Anant Securities Limited.

The IPO is a fixed price issue of Rs. 5,635.20 Lakhs. It includes a fresh issue of 4,69,60,000 equity shares of Face value Rs. 1 each. The Bid lot size is 10,000 Equity shares.

Shipwaves Online Limited is a unified logistics platform offering seamless multimodal transportation across ocean, land, and air. Built for efficiency and transparency, it provides real-time visibility, automated documentation, smooth customs processes, and complete end-to-end shipment management. With a digital first approach, the platform helps businesses move cargo globally with ease while reducing time, cost, and manual effort.

The company operates in two main verticals, digital freight forwarding and an AI-driven SaaS platform. The SaaS business is growing quickly and delivers a strong gross margin of about 65 per cent. By March 2025, revenue from the digital freight forwarding vertical had reached around Rs. 90 crores, while the AI-powered SaaS vertical contributed approximately Rs. 18 crores.

Along with digital freight forwarding, the company offers strong Enterprise SaaS solutions that help businesses digitalise and streamline their supply chain operations. These include real-time analytics, demand forecasting, inventory optimisation, and comprehensive shipment planning tools. Together, these services provide a modern, scalable, and efficient approach to managing today's complex logistics and supply chain needs.

Disclaimer:

This note is for information purposes only and does not constitute an offer, solicitation, or advertisement for the purchase or sale of any securities of SHIPWAVES ONLINE LIMITED (the "Company"). No part of this note shall form the basis of, or be relied upon, in connection with any contract or commitment.

This is the issuer's first issue, and there has been no formal market for its securities. The face value of the equity shares is Rs. 1 each, and the issue price is Rs. 12 each. The issue price should not be considered as indicative of the market price after listing on the SME Platform of BSE Limited ("BSE SME"). There is no assurance of active or sustained trading in the equity shares, or of the price at which they will trade post-listing.

Investment in equity and equity-related securities involves risk. Investors should invest only if they can bear the risk of losing their investment. Investors are advised to read the offer documents/prospectus carefully.

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