Shipwaves Online Limited IPO

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Business Focus

Shipwaves Online Limited presents itself as a comprehensive, unified platform designed to cater to the full spectrum of clients’ shipping and logistical needs. The company specializes in multimodal transportation solutions, ensuring seamless end-to-end support for shipments across Ocean, Land, and Air. The company focuses on offering efficient, cost-effective, and reliable services that allow businesses to manage their shipments globally with ease, offering full transparency and control over logistics operations from start to finish.

Primary Service Categories

Shipwaves Online Limited operates in two primary service categories:

1. Digital Freight Forwarding

Shipwaves leverages advanced technology to streamline transportation across multiple modes of transport—ocean, land, and air. Its services include hassle-free bookings, real-time shipment tracking, automated documentation, and efficient customs clearance, providing a digital-first approach to optimize freight movement, reduce manual intervention, and save time and costs.

2. Enterprise SaaS Solutions

The company provides a suite of software solutions that streamline supply chain management, including tools for real-time data analytics, predictive insights, demand forecasting, inventory management, and shipment planning. These solutions help businesses digitalize and automate logistics processes, improving overall efficiency and minimizing risks.

3. Service Offerings
Shipwaves Online Limited prides itself on being a one-stop solution provider, offering a comprehensive range of services include Freight Forwarding, Digital Platform Services, Enterprise SaaS Services, Additional Services

Unified Platform

Shipwaves Online Limited offers an intuitive web-based platform (www.shipwaves.com) that provides clients with a comprehensive, end-to-end freight management system. The platform offers features like a Shipment Planner for managing bookings, real-time tracking, and a centralized dashboard to monitor ongoing and past shipments. Clients can easily upload documentation, access shipment details, and track shipments across various modes of transport.

Key features include: Global Shipment Radar to visually track shipments worldwide, Shipment Overview with analytics to monitor logistics performance and identify trends and Document Management for storing and managing shipping paperwork.

Objects of the Shipwaves Online Limited IPO:

Company proposes to utilize the funds being raised towards the below mentioned objects: 1. Working Capital Requirements (₹17.13 cr) 2. Investment in Subsidiary for funding its working capital requirements (₹10 cr) 3. Repayment and/or pre-payment of certain borrowings (₹15 cr) 4. To meet the Issue Expenses (₹5.76 cr) 5. General Corporate Purposes (₹8.45 cr)

Shipwaves Online Limited IPO Details:

Total Shares: 4,69,60,000
Face Value: ₹ 1 Per Equity Share
Issue Type: Fixed Price
Issue Size: 56.35 Cr.
Lot Size: 10,000 Shares
Issue Price: ₹ 12 Per Equity Share
Listing At: BSE SME

Promoters And Management:

1. Kalandan Mohammed Haris (Non-Executive Director & Chairman, Age: 49): With 21 years of experience in the Fish Meal Manufacturing Industry, Kalandan has been with the company since its inception. He holds a Bachelor's Degree in Business Management and is responsible for day-to-day management and business affairs. He also serves as the Trade Commissioner for the United Arab Emirates by the Asian Arab Chambers of Commerce. 2. Bibi Hajira (Whole-Time Director, Age: 40): Bibi holds a Bachelor of Arts (B.A.) degree from Indira Gandhi National Open University. With 9 years of experience in Digital Freight Forwarding and Enterprise SaaS Solutions, she has played a pivotal role in the company’s growth and strategy implementation. She is the only woman on the company’s board. 3. Mohammed Sahim Haris (Whole-Time Director, Age: 21): Appointed as Whole-Time Director in January 2025, Sahim holds a Bachelor’s degree in Business Administration (Logistics & Supply Chain Management) from Manipal. With experience as a Finance Manager at Shipwaves Online LLC, his expertise in finance and business administration will support the company’s growth.

Financials of Shipwaves Online Limited IPO:

Particulars ( IN CR) FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations 109.28 96.71 69.3
EBITDA 18.96 11.04 4.06
EBITDA Margins 17.51% 11.42% 5.86%
PAT 10.83 5.83 2.24
PAT Margins 10.01% 6.04% 3.23%
ROCE 25.79% 22.78% 15.41%
Debt to Equity Ratio(In Times) 1.33 1.63 1.45
Operating Cash Flows -30.74 2.58 2.29

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Shipwaves Online Limited 109.28 17.51% 10.01% 25.79% 1.33 169.79 15.68
Timescan Logistics (India) Limited 258 4.00% 2.33% 33.00% 0.17 33 5.61
Lancer Container Lines Limited 699 2.00% 0.00% 0.51% 0.14 298 -
Tiger Logistics (India) Limited 536 6.00% 5.03% 26.70% 0.25 501 18.5

Lead Manager of Shipwaves Online Limited IPO:

  1. Finshore Management Services Limited

Registrar of Shipwaves Online Limited IPO:

  1. Cameo Corporate Services Limited

Discussion on Shipwaves Online Limited IPO:

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