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Shipwaves Online IPO sees steady traction on second day of bidding
Shipwaves Online IPO was subscribed 66% on Day 2, driven by strong retail demand, as investors assess the company’s growth in digital logistics services.
Investor interest in Shipwaves Online continued to build as the IPO was subscribed 66% by late morning on Day 2 of bidding. The issue, open from December 10 to December 12 at a fixed price of Rs 12 per share, saw strong retail demand with over 100% subscription, while NII participation remained modest. Shipwaves operates in the digital freight forwarding and logistics technology space and reported 12% revenue growth and a near doubling of profit in FY25, supporting measured optimism around the offering.