Comparison between Shipwaves Online IPO and Shivashrit Foods IPO.
Shipwaves Online IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Shivashrit Foods IPO is a SME Bookbuilding proposed to list at NSE SME.
| Shipwaves Online IPO | Shivashrit Foods IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Finshore Management Services Ltd. | Mark Corporate Advisors Pvt.Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Anant Securities | Asnani Stock Broker Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Shipwaves Online IPO is up to ₹53.53 Cr whereas the issue size of the Shivashrit Foods IPO is up to ₹66.51 Cr. The final issue price of Shipwaves Online IPO is ₹12.00 per share and of Shivashrit Foods IPO is ₹142.00 per share.
| Shipwaves Online IPO | Shivashrit Foods IPO | |
|---|---|---|
| Face Value | ₹1 per share | ₹10 per share |
| Issue Price (Lower) | ₹135.00 per share | |
| Issue Price (Upper) | ₹142.00 per share | |
| Issue Price (Final) | ₹12.00 per share | ₹142.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 10000 shares | 1000 shares |
| Fresh Issue Size | 4,46,10,000 shares | 40,68,000 shares |
| Fresh Issue Size (Amount) | up to ₹53.53 Cr | up to ₹57.77 Cr |
| OFS Issue Size | 0 shares | 6,16,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹8.75 Cr |
| Issue Size Total | 4,46,10,000 shares | 46,84,000 shares |
| Issue Size Total (Amount) | up to ₹53.53 Cr | up to ₹66.51 Cr |
Shipwaves Online IPO opens on Dec 10, 2025, while Shivashrit Foods IPO opens on Aug 22, 2025. The closing date of Shipwaves Online IPO and Shivashrit Foods IPO is Dec 12, 2025, and Aug 26, 2025, respectively.
| Shipwaves Online IPO | Shivashrit Foods IPO | |
|---|---|---|
| Anchor Bid Date | Aug 21, 2025 | |
| Issue Open | Dec 10, 2025 | Aug 22, 2025 |
| Issue Close | Dec 12, 2025 | Aug 26, 2025 |
| Basis Of Allotment (Tentative) | Dec 15, 2025 | Aug 28, 2025 |
| Initiation of Refunds (Tentative) | Dec 16, 2025 | Aug 29, 2025 |
| Credit of Share (Tentative) | Dec 16, 2025 | Aug 29, 2025 |
| Listing date (Tentative) | Dec 17, 2025 | Sep 01, 2025 |
| Anchor Lockin End date 1 | Sep 27, 2025 | |
| Anchor Lockin End date 2 | Nov 26, 2025 |
Shipwaves Online IPO P/E ratio is 9.3, as compared to Shivashrit Foods IPO P/E ratio of 16.44.
| Shipwaves Online IPO | Shivashrit Foods IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | 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.
| Company Financials (Restated)Shivashrit Foods Ltd.'s revenue increased by 36% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 99.96 | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 66.73 | 73.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.3 | 16.44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹169.79 Cr. | ₹259.42 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 50.85 | 42 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 25.79 | 42.73 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.33 | 1.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.29 | ₹8.64 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 41.89 | 34.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Shipwaves Online IPO Retail Individual Investors (RII) are offered 2,23,10,000 shares while in Shivashrit Foods IPO retail investors are offered 2,23,10,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Shipwaves Online IPO and 9,36,000 shares in Shivashrit Foods IPO.
| Shipwaves Online IPO | Shivashrit Foods IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 14,03,000 shares |
| Market Maker Reservation | 23,50,000 shares | 2,48,000 shares |
| QIB | 0 shares | 9,36,000 shares |
| NII | 2,23,00,000 shares | 7,05,000 shares |
| RII | 2,23,10,000 shares | 16,40,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 4,46,10,000 shares | 46,84,000 shares |
Shipwaves Online IPO subscribed 1.64x in total, whereas Shivashrit Foods IPO subscribed 2.89x.
| Shipwaves Online IPO | Shivashrit Foods IPO | |
|---|---|---|
| QIB (times) | 1.59x | |
| NII (times) | 0.36x | 5.16x |
| Big NII (times) | 6.38x | |
| Small NII (times) | 2.73x | |
| RII (times) | 2.92x | 2.65x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.64x | 2.89x |
