Key Quantitative Figures
- Total Amount Raised through IPO: ₹56,35,20,000
- Date of Allotment: December 15, 2025
- Date of Listing: December 17, 2025
- Working Capital Requirement Allocation: ₹17,13,05,000
- Working Capital Requirement Utilized: ₹17,13,05,000
- Subsidiary Investment Allocation: ₹10,00,00,000
- Subsidiary Investment Utilized: ₹9,97,13,900
- Debt Repayment Allocation: ₹15,00,00,000
- Debt Repayment Utilized: ₹10,00,00,000
- General Corporate Purposes Allocation: ₹8,45,28,000
- General Corporate Purposes Utilized: ₹8,45,28,000
- Issue Expenses Allocation: ₹5,76,87,000
- Issue Expenses Utilized: ₹5,76,87,000
Parties Involved
- Listed Entity: Shipwaves Online Limited
- Monitoring Agency: CARE Ratings Limited
- Reviewing Authority: Audit Committee of Shipwaves Online Limited
Dates of Action
- Quarter Ended: March 31, 2026
- Audit Committee Meeting Date: May 27, 2026
- Filing Date: May 27, 2026
- Digital Signature Timestamp: May 27, 2026 at 17:45:02 +05:30 and 17:45:19 +05:30
Key Confirmation
The company confirms that there has been no deviation in the utilization of proceeds of IPO as mentioned in the objects stated in the Prospectus dated December 04, 2025.
Monitoring Agency Report
A separate report issued by the monitoring agency (CARE Ratings Limited) is being filed with the exchanges.
Audit Committee Comments
The Audit Committee reviewed the statement at its meeting held on May 27, 2026, and provided "Nil" comments.
Auditor Comments
No auditor comments were provided (stated as "Nil").
Financial Impact
No financial impact from deviation/variation as no deviation occurred. All funds were utilized according to prospectus objects.
Capital Structure Impact
No impact on capital structure reported in this filing.