The issue opened for bidding on Wednesday (10 December 2025) and it will close on Friday (12 December 2025). The price of the IPO was fixed at Rs 12 per share. The minimum order quantity is 10,000 equity shares. The equity shares will list on BSE’s SME platform.

The IPO comprises fresh issue of 4,69,60,000 equity shares. The promoter and promoter group shareholding will dilute to 66.79% from 99.96% pre-issue.

About 23,50,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 4,46,10,000 equity shares.

The issue and the net issue will constitute 33.19% and 31.53%, respectively of the post issue paid up equity share capital of the issuer company.

The company intends to utilize the net proceeds to meet working capital requirements, investment in subsidiary for funding its working capital requirements, repayment and/or pre-payment, in full or part, of certain borrowings availed by the issuer company and general corporate expenses.

Shipwaves Online presents itself as a comprehensive, unified platform designed to meet its clients’ shipping and logistical needs. Its expertise spans multimodal transportation solutions, offering seamless end-to-end support for shipments across ocean, land, and air. With a focus on providing efficient, cost-effective, and reliable services, it enables businesses to manage and move shipments globally with ease. The platform offers real-time visibility, ensuring that clients have full transparency and control over their logistics operations from the point of origin to the final destination. By integrating the capabilities of multimodal transport, it provides businesses with the flexibility to choose the best routes and modes of transportation based on their specific requirements, whether speed, cost, or efficiency. As of the 31 October 2025, The company has 35 employees on payroll basis.

The company recorded revenue from operations of Rs 40.98 crore and net profit of Rs 4.68 crore for the period ended 30 September 2025.