Shipwaves Online IPO

LISTED

SME

BSE • SME

Issue₹12

→

Listed₹12+0%

→

Now₹4.31-64.1%

↓64.1%

*Last updated on 11 Jan 2026

Price Band

₹12 - ₹12

Lot Size

TBA

Issue Size

₹56.35 Cr

GMP

N/A

Subscription

1.64x

Analyzing...

IPO Schedule

Open

10 Dec 2025

12 Dec 2025

Allotment

Listing

17 Dec 2025

About Shipwaves Online

Shipwaves Online is an SME focused on providing logistics and supply chain solutions. Their services likely encompass aspects of freight forwarding, warehousing, and distribution tailored to the needs of small and medium-sized enterprises.

Key Strengths

High Return on Equity (ROE) of 50.85% indicates efficient utilization of shareholder funds and strong profitability.
Relatively low Price-to-Earnings (P/E) ratio of 9.3 suggests the IPO is attractively priced compared to its earnings, potentially offering value to investors.
Focus on the SME segment provides a niche market with specific needs that Shipwaves Online can cater to effectively.
The nature of the logistics business provides a service that is essential for many businesses, which may lead to sustained demand.
Potential for growth within the fragmented logistics sector, particularly in the online space.

Risk Factors

•Competition from larger, more established logistics companies with greater resources and wider service offerings.
•Dependence on economic conditions; a slowdown in the economy could negatively impact demand for logistics services.
•Volatility in fuel prices and other operating costs could affect profitability.
•Risks associated with the SME segment, including potential for slower payments or defaults.

Valuation Analysis

The IPO appears favorably valued based on its low P/E ratio; however, investors should carefully consider the risks associated with the SME segment and the competitive landscape before investing.