Shipwaves Online IPO Shows Moderate Response, Subscribed 1.64x on Day 3

Shipwaves Online Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third day of subscription. The issue price is fixed at ₹12 per share. The ₹56.35 crore IPO reached 1.64 times by 5:09:42 PM on day three. This indicates moderate investor interest in this digital freight forwarding and enterprise SaaS solutions provider incorporated in 2015.

Shipwaves Online IPO subscription reached moderate 1.64 times on day three. It was led by Individual Investors (2.92x) and Non-Institutional Investors (0.36x). Total applications reached 3,479.
 

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Subscription Status of Shipwaves Online IPO:

Here are the subscription details for Shipwaves Online IPO as of Day 3 (December 12, 2025, 5:09:42 PM):

Key Highlights - Day 3:

• Overall subscription reached moderate 1.64 times, showing substantial improvement from day two's 1.02 times
• Individual investors displaying moderate confidence at 2.92 times, building substantially from day two's 1.76 times, indicating improved retail interest for this SME IPO
• Non-institutional investors showing weak performance at 0.36 times, marginally improving from day two's 0.27 times, indicating very weak HNI appetite for this digital freight forwarding company
• Total applications reached 3,479, showing limited investor participation for this SME IPO
• Cumulative bid amount reached ₹87.94 crores, exceeding the net offer size of ₹53.53 crores (excluding market maker portion) by approximately 1.6 times
• Market makers fully subscribed their allocation of ₹2.82 crores
• This is a fixed price issue at ₹12 per share

Key Highlights - Day 2:

• Overall subscription reached moderate 1.02 times, showing substantial improvement from day one's 0.45 times
• Individual investors displaying moderate confidence at 1.76 times, building substantially from day one's 0.67 times
• Non-institutional investors showing weak performance at 0.27 times, marginally improving from day one's 0.23 times

Key Highlights - Day 1:

• Overall subscription reached weak 0.45 times, showing cautious initial investor interest
• Individual investors displaying weak confidence at 0.67 times, indicating subdued retail appetite
• Non-institutional investors showing weak performance at 0.23 times, indicating very weak HNI interest

About Shipwaves Online Limited

Incorporated in 2015, Shipwaves Online Limited is engaged in the business of digital freight forwarding and enterprise SaaS solutions. The company 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.