ListedSMELogisticsSHIPWAVES

Shipwaves Online IPO

Shipwaves Online IPO is an SME IPO raising ₹56 Cr at a fixed price of ₹12 a share. It listed on 17 Dec 2025 at ₹12, 0.0% against its issue price of ₹12, and trades at ₹4 today (−69.6% since issue). It was subscribed 1.69× in total.

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₹12

Issue price

₹4

Price now

−69.6%

Since issue price

17 Dec 2025

Listed on

1.69×Subscribed (final) · all exchanges

Just covered — bids slightly exceed the shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹12

Cut-off price₹12

Issue size₹56 Cr

Shares per lot10000

Minimum application₹1,20,000

Minimum quantity20000

Face value₹1

Listing exchangesBSE

ISININE0O9L01010

Bidding hours10:00 – 17:00 IST

Bidding window10 Dec 2025 – 12 Dec 2025

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.