• Shipwaves Online Limited’s IPO will open


• The IPO will open on December 10


• The shares of the company are listed on the Small Industries Forum of BSE

Shipwaves Online IPO: Mangaluru-based digital freight and technology-based logistics services provider Shipwaves Online Limited has announced its Rs 56.35 crore small scale initial public offering. This issue will be open from 10 December 2025 to 12 December 2025. The company’s shares are to be listed on the Small Industries Forum of BSE.

The company will issue a total of 4 crore 69 lakh shares (value Rs 1 per share) at a fixed rate of Rs 12 per share. After completion of the issue, approximately 33.19 percent share capital in the company will be diluted. Established in the year 2015, Shipwaves provides integrated logistics services by sea, air and road. The company also provides software-based supply chain management tools for industries.

The company’s key services include real-time tracking of cargo, automated document generation, online reservation and booking systems, demand forecasting and digital inventory management systems. All these services make the transportation process more transparent, faster and efficient. All these services enable the company to provide its customers with easy and efficient logistics facilities from start to finish.

Shipwaves has made remarkable financial progress over the past few years. Revenue from Rs 96.71 crore in FY 2024 increased to Rs 108.28 crore in FY 2025. Profit after tax also increased significantly during the period to Rs 10.83 crore in 2025 compared to Rs 5.83 crore in 2024. The operating profit margin of the company has increased to 17.51 ​​percent. Also, for the six months ended September 30, 2025, the company reported a profit after tax of Rs 4.45 crore with a revenue of Rs 40.98 crore, which is 10.88 per cent.

The funds from the issue will be utilized in a planned manner as per the proposal. The funds will be used to raise capital required for day-to-day operations of the company, invest in subsidiary companies and partially repay or discharge certain existing debts. Apart from this, the funds will also be used to meet general corporate functions as well as various expenses to the exit.

After completion of the exit, the company’s capital structure will be stronger and more stable, which will help to increase efficiency and accelerate long-term growth plans. Presently, promoters’ stake is 99.96 percent and after completion of issue, it will be 66.79 percent.

The main promoters include Qalandan Mohammad Haris, Qalandan Mohammad Altaf, Qalandan Mohammad Arif, Abid Ali, Bibi Hajira and Mohammad Sahim Haris.

Advances in fast-growing sectors are yielding significant benefits to the company. The company currently operates in two fast-growing sectors—India’s freight market, which is projected to expand to US$59.1 billion by fiscal 2027, and India’s software-based services sector, which is expected to grow to US$50 billion by 2030. The rapid growth of both these sectors is giving the company’s joint logistics + software model more momentum and a strong opportunity for long-term growth.

Finshore Management Services Pvt. Ltd., Cameo Corporate Services Ltd. as the Registrar. and includes Anant Securities as a market maker. After completion of the issue, the company’s shares of face value of Rs 1 each will be listed on the Small Industries Forum of BSE. This will provide more opportunity for the company to raise capital and also increase investor participation.