Shipwaves Online Ltd

Shipwaves Online Limited has submitted an application to BSE Limited seeking In-Principle Approval for a proposed preferential issue of 3,33,20,000 convertible warrants at a price of Rs 4.50 per warrant, totaling Rs 14,99,40,000, according to a regulatory filing on September 7, 2026.

Shipwaves Online Limited said its board approved a preferential issue of up to 3,33,20,000 convertible warrants to identified persons and entities belonging to the Promoter Group and Non-Promoter Category, aggregating up to Rs 14,99,40,000. Each warrant will be issued at a price of Rs 4.50 and be convertible into one equity share with a face value of Re. 1 each, including a premium of Rs 3.50, within 18 months. The company will seek approval for the issue from its members at its 11th Annual General Meeting scheduled for September 30, 2026.

Shipwaves Online Limited announced it has received a purchase order worth USD 55,800 (approximately Rs 53,30,016) from TATA UK Limited for providing a centralized digital platform to track and monitor ocean, air, breakbulk, and courier shipments across its global supply chain and project logistics operations, with the project slated for execution over a three-year period.

Shipwaves Online Limited has postponed its board meeting, originally scheduled for August 27, 2026, to September 1, 2026, to consider and approve a proposal for raising funds through the issuance of securities via preferential issue, rights issue, or another mode. Trading window for the company's securities has been closed for designated persons and their immediate relatives from August 24, 2026, until 48 hours after the board meeting’s outcome.

Shipwaves Online Limited will hold a board meeting on Thursday, August 27, 2026, to consider and approve a proposal to raise funds through the issuance of securities via instruments such as a preferential issue, rights issue, or other modes, according to a regulatory filing with the BSE Limited on August 24, 2026; the trading window for company securities will be closed for designated persons and their immediate relatives from August 24, 2026, until 48 hours after the board meeting’s outcome.

Shipwaves Online will hold a meeting of the Board of Directors of the Company on 27 May 2026.

Shipwaves Online has received a purchase order worth of Rs. 1.56 crore from Hindalco Industries for implementation of a comprehensive, end-to-end logistics digitalization solution tailored to Hindalco's operational and compliance requirements. This engagement marks a significant milestone for Shipwaves, as Hindalco becomes the second company from the Aditya Birla Group ecosystem to adopt the Shipwaves platform, following the earlier onboarding of Grasim Industries.Powered by Capital Market - Live

The scrip was listed at Rs 12, matching the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price. The counter hit a high of Rs 12 and a low of Rs 11.40. About 26.30 lakh shares of the company changed hands at the counter. Shipwaves Online's IPO was subscribed 1.61 times. The issue opened for bidding on 10 December 2025 and it closed on 12 December 2025. The price of the IPO was fixed at Rs 12 per share. The IPO comprised fresh issue of 4,69,60,000 equity shares. The promoter and promoter group shareholding diluted to 66.79% from 99.96% pre-issue. The company intends to utilize the net proceeds to meet working capital requirements, investment in subsidiary for funding its working capital requirements, repayment and/or pre-payment, in full or part, of certain borrowings availed by the issuer company and general corporate expenses. Shipwaves Online operates a unified digital platform that provides shipping and logistics solutions to its clients. The company offers multimodal transportation services, supporting end-to-end shipment management across ocean, land and air routes. Its platform enables businesses to plan, track and manage global shipments through a single interface, with real-time visibility from origin to destination. By integrating multiple modes of transport, Shipwaves Online allows clients to select routing and transportation options based on operational requirements such as cost, transit time and efficiency. As of 31 October 2025, the company had 35 employees on a payroll basis. The company recorded revenue from operations of Rs 40.98 crore and a net profit of Rs 4.68 crore for the period ended 30 September 2025. Powered by Capital Market - Live

The equity shares of Shipwaves Online (Scrip Code: 544646) are listed effective 17 December 2025 and admitted to dealings on the Exchange in the list of ''MT'' Group Securities. At 09:18 IST, the pre-open indicative price of the stock was flat compared to offer price of Rs 12. Powered by Capital Market - Live