31 Mar 2023
Assets26.43
Total Income69.49
EBITDA4.06
Profit After Tax2.24
NET Worth-1.31
Reserves and Surplus-0.41
Total Borrowing8.89
At a glance
Updated 2026-08-24Shipwaves Online is a SME IPO with an issue size of ₹56.35 crore, proposed for listing on BSE SME. The offer opens on 10th Dec 2025 and closes on 12th Dec 2025. The issue structure includes a fresh issue of ₹53.53 crore.
Issue details
Listing atBSE SME
Issue typeFixed Price Issue
Issue size₹56.35 Cr
Fresh issue₹53.53 Cr
Face value₹1
Price band—–—
Allotment15th Dec 2025
Listing17th Dec 2025
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper priceNO DATA
Est. listing₹12.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens10th Dec 2025
Closes12th Dec 2025
Allotment15th Dec 2025
Refund16th Dec 2025
Demat16th Dec 2025
Listing17th Dec 2025
Subscription demand
Full bidding ↗Total1.64×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 20000 | — |
Company
Incorporated2015
Use of proceeds
| Object | Amount |
|---|---|
| To meet Working Capital Requirements of Issuer Company | ₹17.13 Cr |
| Investment in Subsidiary for funding its working capital requirements | ₹10.00 Cr |
| Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Issuer Company | ₹15.00 Cr |
| General Corporate Expenses | ₹8.45 Cr |
| Issue expenses | ₹5.77 Cr |
| Total | ₹56.35 Cr |
Financials
Full financials ↗31 Mar 2024
Assets53.98
Total Income97.28
EBITDA11.04
Profit After Tax6.29
NET Worth14.82
Reserves and Surplus5.37
Total Borrowing24.14
31 Mar 2025
Assets81.86
Total Income108.65
EBITDA18.96
Profit After Tax12.20
NET Worth25.87
Reserves and Surplus16.42
Total Borrowing34.52
30 Sep 2025
Assets98.37
Total Income41.71
EBITDA7.89
Profit After Tax4.68
NET Worth30.77
Reserves and Surplus21.32
Total Borrowing40.04
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 50.85% |
| ROCE | 25.79% |
| Debt / Equity | 1.33% |
| RoNW | 41.89% |
| PAT Margin | 10.01% |
| EBITDA Margin | 17.51% |
| Price to Book Value | 4.38 |
Valuation & shareholding
Pre-IPO EPS1.29
Post-IPO EPS0.66
Pre-IPO P/E9.3
Post-IPO P/E18.12
Promoter holding pre99.96%
Promoter holding post66.73%
Market cap₹169.79 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| To meet Working Capital Requirements of Issuer Company | ₹17.13 Cr |
| Investment in Subsidiary for funding its working capital requirements | ₹10.00 Cr |
| Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Issuer Company | ₹15.00 Cr |
| General Corporate Expenses | ₹8.45 Cr |
| Issue expenses | ₹5.77 Cr |
| Total | ₹56.35 Cr |
Registrar & lead managers
Registrar
Cameo Corporate Services Ltd.Lead managers
- Finshore Management Services Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.