Waterways Leisure Tourism IPO Day 3: Check GMP, Subscription Status & Key Highlights
Waterways Leisure Tourism's ₹585 crore IPO entered the last day of bidding on June 25, 2026, with shares offered at a price band of ₹769 to ₹808 each. By 10:35 AM, the issue had attracted subscriptions worth 0.62 times the shares on offer, while the GMP was reported at ₹5 per share.
The basis of allotment is expected to be finalised on June 29, 2026. The company's shares are tentatively scheduled to list on both the BSE and NSE on July 1, 2026.
Waterways Leisure Tourism IPO - Issue Details
Issue Type: Book Building IPO (Fresh Issue Only)
Total Issue Size: ₹585.00 crore
Fresh Issue: ₹585.00 crore
Face Value: ₹10 per equity share
Price Band: ₹769 to ₹808 per share
Lot Size: 18 shares
Minimum Investment Amount: ₹14,544 per lot (based on upper price band)
Listing: BSE, NSE
Book Building Lead Manager: Centrum Broking Limited
Registrar: MUFG Intime India Private Limited
Explore other Upcoming IPOs on BSE and NSE.
Utilisation of Waterways Leisure Tourism IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Payment towards deposits/ advance lease rental and monthly lease payments to our step-down subsidiary, Baycruise Shipping and Leasing (IFSC) Private Limited (“Baycruise IFSC”).
- General corporate purposes.
Waterways Leisure Tourism IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
23 June 2026 |
|
Subscription Closing Date |
25 June 2026 |
|
Allotment Date |
29 June 2026 |
|
Refund Date |
30 June 2026 |
|
Credit of Shares |
30 June 2026 |
|
Listing on BSE and NSE |
1 July 2026 |
Note: The allotment and listing dates are tentative and may be revised
Waterways Leisure Tourism IPO Day 3 Subscription Status
[June 25, 2026, 10:35 AM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.00x |
|
Non-Institutional Investors (NIIs) |
0.44x |
|
Retail Individual Investors (RIIs) |
2.75x |
|
Total |
0.62x |
Waterways Leisure Tourism IPO GMP Today
According to media reports, the Waterways Leisure Tourism IPO was commanding a Grey Market Premium (GMP) of ₹5 per share.
About Waterways Leisure Tourism Limited
Founded in 2020, Waterways Leisure Tourism Limited operates as one of India's leading ocean cruise companies, offering premium vacation experiences through its flagship brand, Cordelia Cruises. The company combines luxury accommodation, multiple dining options, and onboard entertainment while connecting key domestic coastal destinations and select international ports.
Its cruise operations are centered around the MV Empress, a vessel featuring 796 cabins and a passenger capacity of over 2,000 guests.
As of March 31, 2026, the company had served more than 730,000 passengers and completed voyages covering over 321,000 nautical miles.
Key Financials
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from Operations |
579.7 |
590.6 |
444.0 |
|
Profit After Tax |
52.14 |
168.19 |
(122.73) |
|
EBITDA |
117.48 |
215.26 |
111.15 |
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