Summary of this article
Waterways Leisure Tourism IPO is subscribed 49 percent on day two
Grey market premium hints at muted debut for cruise operator
Public issue closes tomorrow with price band of 769 to 808
The subscription window of Waterways Leisure Tourism's initial public offering (IPO) is set to close tomorrow, on June 25. Waterways Leisure Tourism IPO has been subscribed to 49 per cent on the second day of subscription.
The grey market premium (GMP) for the cruise operator's shares hints at a tepid debut for the stock. Here is a look at some of the key details related to Waterways Leisure Tourism's public issue:
Waterways Leisure Tourism IPO GMP
The grey market premium for Waterways Leisure Tourism's shares continued to remain subdued on the second day of bidding. The GMP for the cruise operator's shares was Re 1 to Rs 3.5 per share, according to websites which track the demand for shares of unlisted companies. Waterways Leisure Tourism shares are expected to make a muted debut with gains of 0.43 per cent at Rs 811.5 per share.
Waterways Leisure Tourism IPO Subscription
On the second day of subscription, the Waterways Leisure Tourism IPO was subscribed to 49 per cent across investor categories as it received bids for 2.04 million shares compared to the 4.18 million shares offered for subscription.
Qualified institutional buyers (QIBs) subscribed to their quota in the public issue zero times. QIBs placed bids for 1,998 shares against the 2.28 million shares set aside for the category.
Retail investors booked their quota in the public issue 2.26 times as they bid for 1.71 million shares compared to the 7,60,728 million shares reserved for them.
Waterways Leisure Tourism IPO has been booked 28 per cent by non-institutional investors (NII) so far. NIIs bid for 3,23,586 shares against the 1.14 million shares set aside for non-institutional investors.
Waterways Leisure Tourism IPO Issue Size
Waterways Leisure Tourism seeks to raise Rs 585 crore from its public issue. The cruise operator's issue comprises entirely a fresh issue of 7.2 million shares with no offer for sale component.
Waterways Leisure Tourism IPO Price Band
Waterways Leisure Tourism IPO price band was set at Rs 769 and Rs 808 per share. The minimum lot size for retail individual investors was set at 18 shares, which amounts to an investment of Rs 14,544.
Waterways Leisure Tourism IPO: Subscription Dates and Listing Date
Waterways Leisure Tourism IPO subscription window opened on June 23 and will close on June 25. The basis of allotment for the Waterways Leisure Tourism IPO will be announced on June 29. Waterways Leisure Tourism will issue refunds for unsuccessful applicants on June 30. Waterways Leisure Tourism shares are scheduled to list on the bourses on July 1.
Waterways Leisure Tourism: Financials
Waterways Leisure Tourism posted a total income of Rs 586.99 crore for the financial year ended March 31, 2026, declining by nearly 2 per cent compared to Rs 597.68 crore in the preceding fiscal. The cruise operator’s profit after tax fell by 69 per cent to Rs 52.14 crore in the fiscal year ended March 31, 2026, compared to Rs 168.19 crore in the preceding fiscal. The company’s net worth increased to Rs 80.20 crore in FY26 compared to Rs 32.78 crore in the preceding fiscal.
Waterways Leisure Tourism IPO: Registrar
The registrar for Waterways Leisure Tourism IPO is MUFG Intime India, and the book-running lead manager for the issue is Centrum Broking.
Waterways Leisure Tourism: Promoters
The promoters of the company include Global Shipping and Leisure and Rajesh Chandumal Hotwani. The promoters of the cruise operator held a 99.27 per cent stake in the company pre-issue; their shareholding will reduce to 89.35 per cent post the issue.
About Waterways Leisure Tourism
Waterways Leisure Tourism is an India-based domestic ocean cruise operator. The company operates the Cordelia Cruises brand and its vessel MV Empress sails to destinations across the Indian coastline and select international ports, offering luxury cruise experiences.
