New Delhi, Dec. 15 -- Shipwaves Online IPO allotment: Following the closure of the initial public offering (IPO) by Shipwaves Online, investor focus is now shifted to its allotment status. Shipwaves Online IPO allotment status is expected to be finalised today, December 15.

The allotment for an IPO is finalised following the closure of the share sale. Shipwaves Online IPO was open for bidding from December 10 to December 12. Following the finalisation of allotment status, the shares to allottees will be credited on December 16, and the refund will also be initiated on the same day. Meanwhile, Shipwaves Online shares listing date is expected to take place on BSE SME on December 17.

Overall, the IPO was subscribed 1.64 times at the end of...