How to Check Shipwaves Online IPO Allotment Status

Shipwaves Online Limited is engaged in the business of digital freight forwarding and enterprise SaaS solutions. The company was incorporated in 2015. It offers a unified platform for shipping and logistics, providing multimodal transportation solutions ocean, land, and air ensuring efficient, cost-effective, and reliable global shipment management.

Services include Digital Freight Forwarding (leveraging advanced technology to streamline logistics processes, providing end-to-end support for global shipments), Enterprise SaaS Solutions (offering software solutions that digitalize shipping and logistics, delivering real-time data insights to enhance operational efficiency), and Other Services (the company offers trade finance, insurance, warehousing, customs clearance, and relocation services for secure, efficient global logistics).

The Shipwaves Online IPO came with a total issue size of ₹56.35 crore, comprising entirely a fresh issue of ₹56.35 crore. The IPO opened on December 10, 2025, and closed on December 12, 2025. The allotment is expected on Monday, December 15, 2025. The issue price was fixed at ₹12 per share.

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Steps to Check Shipwaves Online IPO Allotment Status on Registrar Site

• Visit the Cameo Corporate Services Ltd. 
• Select "Shipwaves Online" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Shipwaves Online IPO Allotment Status on BSE

• Navigate to the BSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Shipwaves Online" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Shipwaves Online IPO Subscription Status

Shipwaves Online IPO received modest investor interest, being subscribed 1.64 times overall. Here is the category-wise breakdown as of 5:09:42 PM on December 12, 2025:

• Non-Institutional Investors (NII): 0.36 times
• Retail Investors: 2.92 times

Shipwaves Online IPO Share Price and Investment Details

The minimum investment required was ₹2,40,000 for 2 lots (20,000 shares). Given the overall subscription of 1.64 times, with NII participation at 0.36 times and retail subscription at 2.92 times, listing expectations remain modest.

Utilisation of IPO Proceeds

The proceeds will be utilised to meet the working capital requirements of the Issuer Company amounting to ₹17.13 crore, investment in the subsidiary for funding its working capital requirements amounting to ₹10.00 crore, repayment or pre-payment, in full or in part, of certain borrowings availed by the Issuer Company amounting to ₹15.00 crore, and for general corporate expenses amounting to ₹8.45 crore.

Business Overview

Shipwaves Online Limited is engaged in providing shipping and logistical services across ocean, land, and air cargo verticals. The company offers technology-driven and integrated logistics solutions under one roof and operates in a competitive and fragmented market.

The company benefits from experienced promoters and a qualified management team, innovative software-driven logistics solutions, a strong focus on cost efficiency and service quality, a diversified customer base across multiple sectors, and comprehensive, customised third-party logistics offerings. However, investors should note the post-issue P/E ratio of 18.12 and Price to Book Value of 4.38.