Sampat Aluminium IPO vs Shipwaves Online IPO

Comparison between Sampat Aluminium IPO and Shipwaves Online IPO.

IPO Details

Sampat Aluminium 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.

Issue Size and Price

The total issue size of Sampat Aluminium IPO is up to ₹28.51 Cr whereas the issue size of the Shipwaves Online IPO is up to ₹53.53 Cr. The final issue price of Sampat Aluminium IPO is ₹120.00 per share and of Shipwaves Online IPO is ₹12.00 per share.

 Sampat Aluminium IPOShipwaves Online IPO
Face Value₹10 per share₹1 per share
Issue Price (Lower)₹114.00 per share
Issue Price (Upper)₹120.00 per share
Issue Price (Final)₹120.00 per share₹12.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares10000 shares
Fresh Issue Size23,76,000 shares4,46,10,000 shares
Fresh Issue Size (Amount)up to ₹28.51 Crup to ₹53.53 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total23,76,000 shares4,46,10,000 shares
Issue Size Total (Amount)up to ₹28.51 Crup to ₹53.53 Cr

IPO Timetable

Sampat Aluminium IPO opens on Sep 17, 2025, while Shipwaves Online IPO opens on Dec 10, 2025. The closing date of Sampat Aluminium IPO and Shipwaves Online IPO is Sep 19, 2025, and Dec 12, 2025, respectively.

 Sampat Aluminium IPOShipwaves Online IPO
Anchor Bid DateSep 16, 2025
Issue OpenSep 17, 2025Dec 10, 2025
Issue CloseSep 19, 2025Dec 12, 2025
Basis Of Allotment (Tentative)Sep 22, 2025Dec 15, 2025
Initiation of Refunds (Tentative)Sep 23, 2025Dec 16, 2025
Credit of Share (Tentative)Sep 23, 2025Dec 16, 2025
Listing date (Tentative)Sep 24, 2025Dec 17, 2025
Anchor Lockin End date 1Oct 22, 2025
Anchor Lockin End date 2Dec 21, 2025

Financials & KPIs

Sampat Aluminium IPO P/E ratio is 10.28, as compared to Shipwaves Online IPO P/E ratio of 9.3.

 Sampat Aluminium IPOShipwaves Online IPO
Financials

Company Financials (Restated)

Sampat Aluminium Ltd.'s revenue decreased by 11% and profit after tax (PAT) rose by 5% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Jul 202531 Mar 202531 Mar 202431 Mar 2023
Assets75.7470.0351.5637.20
Total Income52.30133.00148.92131.03
Profit After Tax3.356.936.581.42
EBITDA5.1111.5510.502.66
NET Worth25.8522.4913.193.61
Reserves and Surplus19.9116.569.112.53
Total Borrowing24.2723.5720.6516.70
Amount in ₹ Crore

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.

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets98.3781.8653.9826.43
Total Income41.71108.6597.2869.49
Profit After Tax4.6812.206.292.24
EBITDA7.8918.9611.044.06
NET Worth30.7725.8714.82-1.31
Reserves and Surplus21.3216.425.37-0.41
Total Borrowing40.0434.5224.148.89
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)90.9699.96
Promoter Shareholding (Post-Issue)63.6866.73
P/E Ratio10.289.3
Market Cap₹101.77 Cr.₹169.79 Cr.
ROE42.4250.85
ROCE23.1325.79
Debt/Equity1.051.33
EPS₹11.68₹1.29
RoNW30.8241.89

Shares Offered

In the Sampat Aluminium IPO Retail Individual Investors (RII) are offered 8,35,200 shares while in Shipwaves Online IPO retail investors are offered 8,35,200 shares. Qualified Institutional Buyers (QIB) are offered 4,75,200 shares in Sampat Aluminium IPO and 0 shares in Shipwaves Online IPO.

 Sampat Aluminium IPOShipwaves Online IPO
Anchor Investor Reservation7,09,200 shares0 shares
Market Maker Reservation1,68,000 shares23,50,000 shares
QIB4,75,200 shares0 shares
NII3,56,400 shares2,23,00,000 shares
RII8,35,200 shares2,23,10,000 shares
Employee0 shares0 shares
Others
Total23,76,000 shares4,46,10,000 shares

Bids Received (Subscription)

Sampat Aluminium IPO subscribed 169.09x in total, whereas Shipwaves Online IPO subscribed 1.64x.

 Sampat Aluminium IPOShipwaves Online IPO
QIB (times)87.02x
NII (times)295.88x0.36x
Big NII (times)352.43x
Small NII (times)182.77x
RII (times)161.68x2.92x
Employee (times)
Other (times)
Total (times)169.09x1.64x

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