Shipwaves Online Ltd. has announced public offering of 46960000 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 11.00 per share. The gross proceeds of the issue are expected to be Rs 5,635.20 lakhs.
The company's initial public offer (IPO) will open on 30 September 2025 and is expected to close on 06 October 2025, subject to customary closing conditions.
The IPO includes a fresh Issue of 46960000 Equity Shares of the Company at an price of Rs 12.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 10000 shares with bids in multiples of 10000.
Shipwaves Online Ltd. anticipates using the proceeds of the issue for
A To meet Working Capital Requirements of Issuer CompanyB Investment in Subsidiary for funding its working capital requirementsC Repayment and/or prepayment, in full or part, of certain borrowings availed by the Issuer CompanyD To meet the Issue ExpensesE General Corporate Purposes.
Finshore Management Services Ltd. as lead manager & Cameo Corporate Services Ltd. is the registrar, to the issue.