Shipwaves Online Ltd IPO
Logistics
Price Band
₹12 – ₹12
Lot Size
10000
Minimum Bid Quantity
20000
Minimum Investment
₹240000
Issue Size
₹56.35Cr
Opens
2025-12-10
Closes
2025-12-12
Listing
17-12-2025
IPO Details
Issue Type
FP
Face Value
₹1
Tick Size
0
ISIN
INE0O9L01010
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Shipwaves Online operates as a unified platform that provides end-to-end shipping and logistics solutions. The company handles multimodal transportation, covering ocean, land, and air shipments, and offers real-time tracking. Its services are divided into two main areas: digital freight forwarding and enterprise SaaS solutions. As a digital freight forwarder, Shipwaves Online leverages technology to manage transportation across different modes. In addition, its Enterprise SaaS platform provides a suite of integrated tools designed to help businesses manage complex supply chains.
Pros
- • The company claims to have developed an advanced software platform that provides a single, unified solution for all shipping needs. It states that this unique platform enhances efficiency and improves client satisfaction.
- • The company claims that by using advanced technology, streamlining processes, and forming strategic partnerships, it combines cost efficiency with high-quality service. This approach helps reduce operational expenses while maintaining reliability and value for clients.
- • The company serves a diverse customer base across various industries, including both Indian corporations and multinational companies. It states that this wide portfolio of clients demonstrates its versatility and strong presence in the logistics sector.
Cons
- • The company’s top 5 customers accounted for Rs 27.57 crore (67.27 percent) of the company’s total revenue for the period ended September 30, 2025, Rs 77.90 crore (71.94 percent) in FY25, Rs 62.24 crore (64.36 percent) in FY24, and Rs 57.53 crore (83.01 percent) in FY23. The top customer accounted for Rs 14.24 crore (34.76 percent) of the company’s revenue for the period ended September 30, 2025, Rs 42.77 crore (39.50 percent) in FY25, Rs 44.40 crore (45.91 percent) in FY24, and Rs 47.15 crore (68.04 percent) in FY23. If the company loses any of these customers or there is a cancellation or reduction of business from them, it could adversely affect its operations and finances.
- • The company’s top 5 suppliers accounted for Rs 11.88 crore (45.39 percent) of the company’s total purchases for the period ended September 30, 2025, Rs 35.34 crore (45.15 percent) in FY25, Rs 31.16 crore (41.51 percent) in FY24, and Rs 34.65 crore (55.03 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
- • The company reported negative cash flows from operating activities amounting to Rs 0.31 crore in FY25. It also recorded negative cash flows from investing activities amounting to Rs 0.84 crore for the period ended September 30, 2025, Rs 6.54 crore in FY25, Rs 11.17 crore in FY24, and Rs 2.61 crore in FY23. Furthermore, a decrease in cash and cash equivalents amounted to Rs 0.05 crore for the period ended September 30, 2025, and Rs 0.15 crore in FY23. If cash outflows continue to exceed inflows, the company may face liquidity challenges in the future.
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