Shipwaves Online Limited has successfully completed its Initial Public Offering (IPO), raising ₹563.52 crore. The company’s equity shares were listed on the BSE SME platform on 17th December 2025. The IPO proceeds are earmarked for bolstering working capital, funding subsidiary investments, debt repayment, and general corporate expenses, strengthening the company’s financial flexibility and ambitious growth plans.
Successful Public Offering and Listing
Shipwaves Online Limited has marked a significant milestone in its corporate journey by successfully completing its Initial Public Offering (IPO). The company raised an aggregate of ₹56,35,20,000 (Rupees Fifty-Six Crore Thirty-Five Lakhs Twenty Thousand Only) by issuing 4,69,60,000 equity shares of face value ₹1/- each at an issue price of ₹12/- per equity share (including a share premium of ₹11/- per equity share).
BSE SME Listing
Following the successful IPO, the equity shares of Shipwaves Online Limited were listed on the BSE Limited (SME Platform) effective from 17th December 2025. This listing was met with overwhelming response, with the issue being over-subscribed by 1.62 times overall.
Utilization of IPO Proceeds
The proceeds from the IPO have been earmarked for critical business objectives. These include funding the company’s working capital requirements, investing in its subsidiary for its working capital needs, repayment and/or pre-payment of certain borrowings, and covering general corporate expenses. The infusion of capital is expected to significantly bolster the company’s financial flexibility and accelerate its ambitious growth plans.
Financial Performance Highlights
The company’s financial performance for the year ended March 31, 2026, shows a consolidated revenue from operations of ₹9,116.72 lakhs, a decrease of 15.81% from the previous year. Profit Before Tax stood at ₹375.10 lakhs, and Profit After Tax was ₹384.87 lakhs.
Source: BSE
