Comparison between LAPL Automotive IPO and Shipwaves Online IPO.
LAPL Automotive IPO is a SME Fixed Price IPO proposed to list at BSE SME while Shipwaves Online IPO is a SME Fixed Price proposed to list at BSE SME.
The total issue size of LAPL Automotive IPO is up to ₹25.27 Cr whereas the issue size of the Shipwaves Online IPO is up to ₹53.53 Cr. The final issue price of LAPL Automotive IPO is ₹78.00 per share and of Shipwaves Online IPO is ₹12.00 per share.
| LAPL Automotive IPO | Shipwaves Online IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹1 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹78.00 per share | ₹12.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 10000 shares |
| Fresh Issue Size | 32,40,000 shares | 4,46,10,000 shares |
| Fresh Issue Size (Amount) | up to ₹25.27 Cr | up to ₹53.53 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 32,40,000 shares | 4,46,10,000 shares |
| Issue Size Total (Amount) | up to ₹25.27 Cr | up to ₹53.53 Cr |
LAPL Automotive IPO opens on , while Shipwaves Online IPO opens on Dec 10, 2025. The closing date of LAPL Automotive IPO and Shipwaves Online IPO is , and Dec 12, 2025, respectively.
| LAPL Automotive IPO | Shipwaves Online IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Dec 10, 2025 | |
| Issue Close | Dec 12, 2025 | |
| Basis Of Allotment (Tentative) | Dec 15, 2025 | |
| Initiation of Refunds (Tentative) | Dec 16, 2025 | |
| Credit of Share (Tentative) | Dec 16, 2025 | |
| Listing date (Tentative) | Dec 17, 2025 | |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
LAPL Automotive IPO P/E ratio is 27.76, as compared to Shipwaves Online IPO P/E ratio of 9.3.
| LAPL Automotive IPO | Shipwaves Online IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)Shipwaves Online Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 94% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 99.98 | 99.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 66.73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 27.76 | 9.3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹93.91 Cr. | ₹169.79 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 25.53 | 50.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 16.99 | 25.79 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.25 | 1.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.81 | ₹1.29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 22.64 | 41.89 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the LAPL Automotive IPO Retail Individual Investors (RII) are offered while in Shipwaves Online IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in LAPL Automotive IPO and 0 shares in Shipwaves Online IPO.
| LAPL Automotive IPO | Shipwaves Online IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 1,64,800 shares | 23,50,000 shares |
| QIB | 0 shares | |
| NII | 2,23,00,000 shares | |
| RII | 2,23,10,000 shares | |
| Employee | 0 shares | |
| Others | ||
| Total | 4,46,10,000 shares |
LAPL Automotive IPO subscribed in total, whereas Shipwaves Online IPO subscribed 1.64x.
| LAPL Automotive IPO | Shipwaves Online IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 0.36x | |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 2.92x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.64x |
