Shipwaves Online IPO opens for subscription from December 10 to December 12, 2025, with fixed price issue of ₹56.35 crore, comprising a 100% fresh issue of 4.70 crore equity. Shipwaves Online operates as a digital-first logistics and freight forwarding platform, focusing on technology-enabled ocean and air cargo solutions for SME exporters and importers. The Shipwaves Online IPO offers investors exposure to India’s growing logistics and cross-border trade ecosystem, supported by rising exports and digitization of freight services.
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Expert Opinions
Market sentiment for Shipwaves Online IPO appears positive, reflecting investor enthusiasm for logistics tech amid India’s export growth and digital transformation. Company strengths include its SaaS-enabled freight platform, multimodal capabilities across ocean/air/land, revenue up 12% to ₹108.65 crore, and PAT surging 94% to ₹12.20 crore in FY 2025. Risks encompass competition from larger players, execution challenges in scaling technology, customer concentration, and working capital intensity.
Valuation analysis of Shipwaves Online IPO in 2025 shows a Return on Equity (ROE) of 50.85%, ROCE of 25.79%, and Net Asset Value (NAV) of ₹2.74, indicating strong profitability from equity despite low NAV. Long-term investment perspective favors digitization tailwinds and SME export boom, though sustained margins and market share gains are critical.
Investor Considerations
Shipwaves Online IPO investors should note the company’s improving fundamentals, with revenue growth and margin expansion in FY 2025 leading to a PAT margin near 10.01% and better operating leverage as the digital freight platform scales. The logistics and freight‑tech sector outlook is constructive, supported by rising exports, supply‑chain digitization, and increasing adoption of SaaS solutions by SME exporters and importers. Valuation analysis for Shipwaves Online IPO in 2025 shows a Price to Book Value of 4.38, and Debt/Equity of 1.33, suggesting premium valuation versus book but attractive profitability metrics for a technology‑led logistics player.
Growth prospects include expansion of multimodal services, deeper SaaS penetration, and cross‑selling value‑added logistics offerings to existing clients. Key risk factors are customer concentration, competition from larger freight forwarders and digital platforms, freight rate volatility affecting margins, and working capital intensity. For investment horizon, short‑term investors should prepare for listing volatility and cyclical trade risks, while long‑term investors may benefit if Shipwaves sustains margin improvements, scales its platform and captures share in the digitizing cross‑border logistics market.
| Date | GMP | Trend |
|---|---|---|
| 14 Dec 2025 14.16 | ₹00 | --- |
| 13 Dec 2025 19.15 | ₹00 | --- |
| 12 Dec 2025 19.29 | ₹00 | Down |
| 11 Dec 2025 19.05 | ₹4 | --- |
| 10 Dec 2025 20.51 | ₹4 | --- |
FAQs
Shipwaves Online IPO Current GMP is ₹00.
Shipwaves Online IPO Expected Returns is 0.00%.
Shipwaves Online IPO estimated listing price is ₹12.