Shipwaves Online Launches ₹56.35 Cr SME IPO

The IPO comprises the issuance of 4.69 crore equity shares of face value ₹1 each at a fixed price of ₹12 per share, representing a 33.19% post-issue dilution. This public offering marks a significant milestone in Shipwaves’ journey as it continues to scale its footprint across India and global markets.

Unified Logistics & SaaS Platform

Founded in 2015, Shipwaves has emerged as an integrated logistics and SaaS solutions company, combining multimodal freight services with enterprise-grade digital tools. The platform enables seamless coordination across:

• Ocean, air, and road freight forwarding

• Real-time shipment visibility

• Online booking & automated documentation

• Demand forecasting & inventory optimisation

• Digital freight management solutions

This hybrid logistics + SaaS model positions Shipwaves as a next-generation leader in supply chain innovation, catering to exporters, importers, enterprises, and global logistics partners.

Strong Financial Performance

Shipwaves has demonstrated sustained growth, driven by technology-led efficiencies and expanding market demand.

FY25 Highlights

• Revenue: ₹108.28 crore (up from ₹96.71 crore in FY24)

• PAT: ₹10.83 crore (nearly double from ₹5.83 crore in FY24)

• EBITDA Margin: Improved to 17.51%, reflecting stronger operational efficiency

H1 FY26 (6M ending Sept 30, 2025)

• Revenue: ₹40.98 crore

• PAT: ₹4.45 crore

• PAT Margin: 10.88%

These financial results showcase Shipwaves’ ability to scale sustainably while enhancing profitability.

Use of IPO Proceeds

According to its prospectus, Shipwaves will utilise the funds for:

• Meeting working capital requirements

• Investment in its subsidiary to strengthen global operations

• Partial repayment/prepayment of borrowings

• General corporate purposes and issue-related expenses

Post-Issue Capital Structure

Upon completion of the public issue:

• Net worth will increase from ₹30.76 crore to ₹87.12 crore

• Equity share capital will rise from ₹9.45 crore to ₹14.14 crore

• Promoter shareholding will decrease from 99.96% to 66.79%

Major promoters include Kalandan Mohammed Haris, Kalandan Mohammed Althaf, Kalandan Mohammad Arif, Abid Ali, Bibi Hajira, and Mohammed Sahim Haris.

Industry Tailwinds Fueling Growth

Shipwaves is positioned across two high-growth sectors:

• India’s logistics industry, projected to reach US$591 billion by FY27

• India’s SaaS market, expected to expand to US$50 billion by 2030

These macro trends support the company’s long-term expansion strategy and strengthen its competitive standing.

IPO Intermediaries

• Lead Manager: Finshore Management Services Pvt Ltd

• Registrar: Cameo Corporate Services Ltd

• Market Maker: Anant Securities

Following the close of the issue, Shipwaves’ equity shares will be listed on the BSE SME platform.

For objections regarding this press release, please contact pr.error.rectification@gmail.com within 24 hours.