Waterways Leisure Tourism IPO Lists at 15.72% Discount to Issue Price on NSE
Cordelia Cruises’ parent company Waterways Leisure Tourism Limited had a subdued stock market debut on Wednesday, July 1, 2026, with its shares listing below the IPO price on both the NSE and BSE.
The stock opened at ₹681 on the NSE, marking a 15.72% discount to its issue price of ₹808 per share, while it listed at ₹690 on the BSE, reflecting a 14.60% discount. The weak debut came despite moderate investor participation during the IPO.
The ₹585 crore public issue was open for subscription from June 23, 2026 to June 25, 2026, and garnered an overall subscription of 1.67 times
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
Waterways Leisure Tourism IPO Overall Subscription Status
[June 25, 2026, 8:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
1.10x |
|
Non-Institutional Investors (NIIs) |
1.30x |
|
Retail Individual Investors (RIIs) |
4.19x |
|
Total |
1.67x |
Utilisation of 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.
About Waterways Leisure Tourism Limited
Founded in 2020, Waterways Leisure Tourism Limited is one of India's leading ocean cruise operators, offering premium vacation experiences under its flagship brand, Cordelia Cruises. The company provides luxury accommodations, diverse dining options, and onboard entertainment while connecting major domestic coastal destinations and select international ports.
The company's cruise operations are centred around the MV Empress, which features 796 cabins and can accommodate more than 2,000 passengers.
Key Financials Highlights
|
Particulars |
FY26 (in ₹ Cr.) |
FY25 (in ₹ Cr.) |
FY24 (in ₹ Cr.) |
|
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 |
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click here.