Shipwaves Online Ltd

Shipwaves Q3 FY26 Update: IPO Funds Utilization & Key Investments 📉📊

• Total IPO size: ₹56.35 crore

• Funds utilized by Q3 FY26: ₹36.29 crore

• Unutilized funds: ₹20.06 crore

• Working capital utilization: ₹17.13 crore

• Investment in subsidiary Shipwaves Online LLC: ₹2.45 crore (of ₹10 crore planned)

• Debt repayment: ₹2.50 crore (of ₹15 crore planned)

• General corporate purposes (software development): ₹8.45 crore

• Issue expenses: ₹5.77 crore

• Share price as of Dec 31, 2025: ₹7.22 (down ~40% from issue price)