Shipwaves Online SME IPO Subscription
ListedUpdated 17 December 2025, 9:15 AM IST· BSE SME
Shipwaves Online SME IPO subscription closed on 12 December 2025 at 1.70x overall by shares. retail at 2.92x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 15 December 2025. Listing date on NSE and BSE is 17 December 2025.
Shipwaves Online SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 10 Dec 2025 | - | 0.23x | 0.67x | 0.45x |
| Day 2 - 11 Dec 2025 | - | 0.27x | 1.76x | 1.02x |
| Day 3 - 12 Dec 2025 | - | 0.36x | 2.92x | 1.64x |
Shipwaves Online SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Shipwaves Online SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 2.92x | 1 in 3 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Shipwaves Online SME IPO Allotment Status page from 15 December 2025 for your result.
Shipwaves Online SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 12.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| Other | Rs 26.76 Cr | Rs 12.49 Cr | 0.47x |
| NII | - | Rs 12.49 Cr | - |
| bNII (above Rs 10L) | - | Rs 4.85 Cr | - |
| sNII (Rs 2L to Rs 10L) | - | Rs 7.64 Cr | - |
| IND | Rs 26.77 Cr | Rs 78.29 Cr | 2.92x |
| Fixed price | - | Rs 78.29 Cr | - |
| Total | Rs 53.53 Cr | Rs 90.78 Cr | 1.70x |
Shipwaves Online SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| Other | 743 | 198 | 0.27x |
| NII | - | 198 | - |
| bNII (above Rs 10L) | - | 18 | - |
| sNII (Rs 2L to Rs 10L) | - | 180 | - |
| IND | 1,116 | 3,262 | 2.92x |
| Fixed price | - | 3,262 | - |
| Total | 1,859 | 3,460 | 1.86x |
What Do These Subscription Numbers Mean?
1.70x overall by shares means bids covered about 2 times the shares on offer. Allotment chances depend on applications in each category.
At 2.92x subscription by applications, about 1 in 3 retail applicants may get allotment (~34% chance per application). Retail allotment is also by lottery.
Shipwaves Online SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 10 December 2025 |
| IPO Close Date | 12 December 2025 |
| Allotment Date | 15 December 2025 |
| Refund Initiation | 16 December 2025 |
| Share Credit to Demat | 16 December 2025 |
| Listing Date | 17 December 2025 |
| Minimum Investment | Rs 2,40,000.00 |
| Lot Size | 10000 shares |
About Shipwaves Online SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Shipwaves Online SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Shipwaves Online SME Details
Issue size, price, financials, and company info
Shipwaves Online SME GMP
Live grey market premium and listing estimate
Shipwaves Online SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Shipwaves Online SME Allotment
Allotment date, chances, and check by PAN
Shipwaves Online SME Review
SWOT, strengths, risks, and IPO review
Shipwaves Online SME FAQ
Common questions on dates, GMP, and allotment
Shipwaves Online SME Registrar
Registrar website and how to check allotment
Shipwaves Online SME Timeline
Open, close, allotment, and listing dates
Shipwaves Online SME News
Updates, blogs, and latest IPO news
Shipwaves Online SME IPO Subscription FAQs
What is Shipwaves Online SME IPO subscription status today?
Shipwaves Online SME IPO subscription closed on 12 December 2025 with overall subscription of 1.70x (by shares) as of 27 August 2026, 4:32 AM IST. QIB N/A, NII N/A, IND 2.92x.
What is the overall subscription of Shipwaves Online SME IPO?
Shipwaves Online SME IPO is subscribed 1.70x overall by shares at close on 12 December 2025. QIB N/A, NII N/A, and IND 2.92x.
What is Shipwaves Online SME IPO QIB subscription?
QIB subscription for Shipwaves Online SME IPO will appear here once institutional bids are recorded.
What is Shipwaves Online SME IPO IND subscription?
Shipwaves Online SME IPO IND subscription is 2.92x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Shipwaves Online SME IPO NII, SHNI, and BHNI subscription?
NII, SHNI, and BHNI subscription for Shipwaves Online SME IPO will update during the bidding window.
What are Shipwaves Online SME IPO retail allotment chances?
At 2.92x subscription by applications, about 1 in 3 retail applicants may get allotment (~34% chance per application). Allotment is by lottery.
What are Shipwaves Online SME IPO SHNI allotment chances?
Shipwaves Online SME IPO SHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
What are Shipwaves Online SME IPO BHNI allotment chances?
Shipwaves Online SME IPO BHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
When is Shipwaves Online SME IPO allotment date?
Shipwaves Online SME IPO allotment date is 15 December 2025. Check Shipwaves Online SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Shipwaves Online SME IPO subscription close?
Shipwaves Online SME IPO subscription closed on 12 December 2025. No new applications are accepted after the close.
What is Shipwaves Online SME IPO GMP today?
GMP for Shipwaves Online SME IPO is not available yet. Track Shipwaves Online SME IPO GMP Today on IPOwiz once grey market activity starts.
What is Shipwaves Online SME IPO issue price and lot size?
Shipwaves Online SME IPO issue price is ₹12 per share. Lot size is 10000 shares. Minimum investment is ₹2,40,000 per lot (minimum 2 lots for SME). Issue size: ₹53.53 Cr.
When is Shipwaves Online SME IPO listing date?
Shipwaves Online SME IPO listing date is 17 December 2025 on NSE and BSE. Allotment is on 15 December 2025.
How does subscription affect Shipwaves Online SME IPO allotment?
In Shipwaves Online SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 1.70x overall, competition is moderate.
For allotment results from 15 December 2025, visit the Shipwaves Online SME IPO Allotment Status page. For listing day updates on 17 December 2025, download the IPOwiz App.
Sources
We match Shipwaves Online SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.