Waterways Leisure Tourism IPO
Waterways Leisure Tourism IPO
Overview
Waterways Leisure Tourism IPO is a book build issue of ₹585.00 crores. The issue is entirely a fresh issue of 0.72 crore shares of ₹585.00 crore. Waterways Leisure Tourism IPO opens for subscription on Jun 23, 2026 and closes on Jun 25, 2026. The allotment for the Waterways Leisure Tourism IPO is expected to be finalized on Jun 29, 2026. Waterways Leisure Tourism IPO will list on NSE and BSE with a tentative listing date fixed as Jul 1, 2026. Waterways Leisure Tourism IPO is set issue price band at ₹769 to ₹808 per share. The lot size for an application is 18 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,544 (18 shares) (based on upper price). The lot size investment for sNII is 14 lots (252 shares), amounting to ₹2,03,616, and for bNII, it is 69 lots (1,242 shares), amounting to ₹10,03,536. Centrum Broking Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Total Shares
72,40,099
Issue Size
₹585 Cr
Price Band
₹769 – ₹808
Lot Size
18 shares
Min. Investment
₹14,544
Max. Investment
₹1,89,072
Open Date
23 Jun, 2026
Close Date
25 Jun, 2026
Allotment
29 Jun, 2026
Listing
01 Jul, 2026
Max. Investment
₹1,89,072
Announced
23 Jun, 2026
Opening Date
23 Jun, 2026
Closing Date
25 Jun, 2026
Basis of Allotment
29 Jun, 2026
Initiation of Refunds
30 Jun, 2026
Credit of Shares
30 Jun, 2026
Listing Date
01 Jul, 2026
Live GMP
Est. Listing: ₹839
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About Waterways Leisure Tourism IPO
Incorporated in November 2020, Waterways Leisure Tourism Limited is one of India’s leading domestic ocean cruise operators, offering luxury cruise experiences focused on Indian culture, hospitality, entertainment, and cuisine. The company operates the cruise vessel MV Empress, which sails to destinations including Mumbai, Goa, Kochi, Chennai, Lakshadweep, Visakhapatnam, Puducherry, and select international destinations such as Sri Lanka, Thailand, Singapore, and Malaysia.
As of March 31
Waterways Leisure Tourism IPO Share Price
Issue Breakdown
Shareholding
Waterways Leisure Tourism IPO Financial Health
Waterways Leisure Tourism Ltd.'s revenue decreased by 2% and profit after tax (PAT) dropped by 69% between the financial year ending with March 31, 2026 and March 31, 2025.
Waterways Leisure Tourism IPO Lot Size
Investors can bid for a minimum of 18 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹14,544 |
| Retail (Max) | 13 | 234 | ₹1,89,072 |
| S-HNI (Min) | 14 | 252 | ₹2,03,616 |
| S-HNI (Max) | 68 | 1224 | ₹9,88,992 |
| B-HNI (Min) | 69 | 1242 | ₹10,03,536 |
(All values in CR)
Waterways Leisure Tourism IPO Valuations
| Metric | Value |
|---|---|
| ROE | 0.92 |
| ROCE | 1.14 |
| Debt/Equity | 1.27 |
| RoNW | 92.70 |
| PAT Margin | 0.09 |
| EBITDA Margin | 0.20 |
| Price to Book Value | 65.64 |
(All values in CR)
Waterways Leisure Tourism IPO Strength & Risk
Waterways Leisure Tourism IPO Strengths
- Operates the Cordelia Cruises brand, a leading player in India's cruise tourism market.
- Strong presence in a niche segment with limited domestic competition.
- Benefits from rising demand for leisure travel and premium tourism experiences.
- Multiple revenue streams from cruise tickets, onboard hospitality, entertainment, dining, and excursions.
- Fresh issue IPO structure ensures proceeds are directed toward business growth and financial strengthening.
- Positioned to benefit from increasing disposable incomes and growth in the Indian tourism sector.
- Established brand recognition in the domestic cruise industry.
- Potential for long-term growth as cruise tourism penetration in India remains low compared to global markets.
Waterways Leisure Tourism IPO Risks
- Cruise operations involve high fixed and operating costs.
- Profitability is sensitive to occupancy levels and passenger demand.
- Exposure to fluctuations in fuel prices, which can impact margins.
- Business performance may be affected by economic slowdowns and travel disruptions.
- Dependence on a limited fleet increases operational concentration risk.
- Seasonal demand can lead to revenue and earnings volatility.
- Vulnerable to adverse weather conditions and geopolitical events affecting tourism.
- Increasing competition from international cruise operators could impact market share and pricing power.
Waterways Leisure Tourism IPO GMP
Waterways Leisure Tourism IPO last GMP is ₹31, last updated Jun 20th 2026 04:37 PM. With the price band of 808.00, Waterways Leisure Tourism IPO's estimated listing price is ₹839 (cap price + today's GMP).The expected percentage gain/loss per share is 3.84%. >> Waterways Leisure Tourism IPO Retail Subject to Sauda: ₹400 >> Waterways Leisure Tourism IPO Small HNI Subject to Sauda: ₹5600 The lowest GMP is ₹16.00, while the highest GMP is ₹31.00.
Last updated 20 Jun, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 20 Jun, 2026 | 808 | ₹31▲ | - | ₹839 (3.84%) | 558 | 20 Jun, 2026 |
| 19 Jun, 2026 | 808 | ₹16▼ | - | ₹824 (1.98%) | 288 | 19 Jun, 2026 |
| 18 Jun, 2026 | 808 | ₹20 | - | ₹828 (2.48%) | 360 | 18 Jun, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
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