Waterways Leisure Tourism
Waterways Leisure Tourism IPO GMP, price band, subscription status, listing date, financials aur complete IPO details yahan track karein.
Complete IPO information
| Current GMP | ₹-127 |
|---|---|
| Estimated Listing Gain | -15.72% |
| Price Band | ₹769.00 - ₹808.00 |
| Issue Price | ₹808.00 |
| Listing Price | ₹681.00 |
| Lot Size | 18 Shares |
| Issue Type | Mainboard |
| Issue Size | TBA |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 0.65x |
| Listing Date | 01 Jul 2026 |
| Minimum Investment | ₹14,544 |
IPO roadmap at a glance
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 25 Jun 2026 | ₹6.00 | - | 0.74% |
| 24 Jun 2026 | ₹6.00 | -₹6.00 | 0.74% |
| 23 Jun 2026 | ₹12.00 | -₹14.00 | 1.49% |
| 22 Jun 2026 | ₹26.00 | - | 3.22% |
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 18 | ₹14,544 |
| Retail Maximum | 13 Lot | 234 | ₹1,89,072 |
| S-HNI Minimum | 14 Lot | 252 | ₹2,03,616 |
| S-HNI Maximum | 68 Lot | 1,224 | ₹9,88,992 |
| B-HNI Minimum | 69 Lot | 1,242 | ₹10,03,536 |
Waterways Leisure Tourism IPO Details
Waterways Leisure Tourism Limited is launching its initial public offering through the book-building route to raise capital for future business expansion and strategic growth initiatives. The entire issue consists of a fresh issue of equity shares, enabling the company to strengthen its financial position and support long-term development plans.
The company intends to list its shares on both the BSE and NSE, providing investors with an opportunity to participate in a business operating in the leisure, tourism, and hospitality segment. The IPO structure reflects the company's focus on raising fresh capital rather than facilitating shareholder exits.
| Particular | Details |
|---|---|
| Waterways Leisure Tourism IPO Open Date | June 23, 2026 |
| Waterways Leisure Tourism IPO Close Date | June 25, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹769 to ₹808 Per Share |
| Total Issue Size | Approx ₹585 Crores (72,40,099 Equity Shares) |
| Fresh Issue | Approx ₹585 Crores (72,40,099 Equity Shares) |
| Issue Type | Book Built Issue |
| IPO Listing | BSE & NSE |
Waterways Leisure Tourism IPO Reservation
Waterways Leisure Tourism has allocated its IPO shares among various investor categories in accordance with SEBI regulations applicable to book-built public offerings. The allocation structure aims to ensure balanced participation from institutional investors, high-net-worth individuals, and retail investors.
A major portion of the issue has been earmarked for Qualified Institutional Buyers (QIBs), while separate quotas have been reserved for Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs).
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investors | – Shares | – |
| QIB (Excluding Anchor Portion) | – Shares | 75% |
| Non-Institutional Investors (NII) | – Shares | 15% |
| Retail Individual Investors (RII) | – Shares | 10% |
Waterways Leisure Tourism IPO Anchor Investors
The anchor investor segment of the Waterways Leisure Tourism IPO is scheduled to open before the public subscription period. Anchor participation is generally considered an important indicator of institutional confidence in an upcoming public issue.
Shares allotted under the anchor category are subject to regulatory lock-in requirements. These restrictions prevent immediate selling after listing and help create greater stability during the early trading period.
| Particular | Details |
|---|---|
| Anchor Bidding Date | June 22, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Issue Size | [.] Cr. |
| Lock-in Expiry (50% Shares – 30 Days) | 2026 |
| Lock-in Expiry (Remaining 50% Shares – 90 Days) | 2026 |
Waterways Leisure Tourism IPO Dates
Investors interested in the Waterways Leisure Tourism IPO should carefully track the important dates associated with the public offering. From the opening of subscriptions to the final listing on stock exchanges, each milestone plays a key role in the IPO process.
After the bidding window closes, the registrar will complete the allotment procedure, followed by refunds and demat credit. Successful applicants can expect the shares to be available in their accounts before the company begins trading on the exchanges.
| IPO Activity | Date |
|---|---|
| Waterways Leisure Tourism IPO Open Date | June 23, 2026 |
| Waterways Leisure Tourism IPO Close Date | June 25, 2026 |
| Basis of Allotment | June 29, 2026 |
| Refund Processing | June 30, 2026 |
| Credit of Shares to Demat Account | June 30, 2026 |
| Waterways Leisure Tourism IPO Listing Date | July 1, 2026 |
| IPO Bidding Cut-off Time | June 25, 2026 – 5:00 PM |
Waterways Leisure Tourism IPO Promoters and Holding Pattern
Waterways Leisure Tourism is backed by experienced promoters with interests in the shipping, hospitality, and leisure sectors. Their strategic guidance and industry knowledge have contributed to the company’s growth and operational development over the years.
Following the IPO, the promoter shareholding is expected to undergo dilution as new equity shares are issued to public investors. However, the promoter group is likely to remain a significant stakeholder in the company after listing.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Before Issue | 6,51,54,444 | 99.27% |
| Promoter Holding After Issue | – | -% |
Waterways Leisure Tourism IPO Objects of the Issue & Utilisation of Proceeds
Waterways Leisure Tourism plans to utilize a significant portion of the IPO proceeds to strengthen its operational infrastructure and support long-term business expansion. The primary objective of the issue is related to lease obligations associated with its subsidiary operations.
The company intends to deploy the funds towards lease-related payments to its step-down subsidiary, which is expected to support fleet and tourism-related operations. Any remaining funds may be utilized for general corporate requirements and strategic business purposes.
| Purpose | Amount |
|---|---|
| Payment towards deposit, advance lease rental and monthly lease payments to step-down subsidiary, Baycruise Shipping and Leasing (IFSC) Private Limited ("Baycruise IFSC") | ₹480.01 Cr. |
| General Corporate Purposes | ₹- |
Waterways Leisure Tourism - About IPO
As of December 31, 2024, Cordelia Cruises, also known as Waterways Leisure Tourism, is the only Indian company operating ocean cruises. The company has been engaged in providing luxury cruises with a blend of authentic Indian experiences that has allowed them to build brand loyalty and win customers by keeping the prices low.
Cordelia Cruises just runs one cruise ship right now, the “MV Empress,” which includes 796 cabins, including suites, mini suites, ocean-view rooms, and interior rooms. There have been 5,49,051 people who have travelled the ship since it was first launched. As of December 31, 2024, the cruise has traveled 2,25,079 nautical miles to major Indian destinations like Mumbai, Goa, Kochi, Chennai, Lakshadweep, Visakhapatnam, and Puducherry, and also to international trips to places like Hambantota, Trincomalee, and Jaffna in Sri Lanka. Cordelia cruise trips have been the preferred choice for giving its guests luxury and a memorable experience.
Waterways Leisure Tourism IPO Company Financial Report
Waterways Leisure Tourism has reported consistent business activity over the last few financial years, supported by its operations in the leisure travel, hospitality, and cruise tourism segments. The company has maintained a sizable revenue base while continuing to invest in its operational capabilities.
An analysis of revenue, expenses, profitability, and asset growth provides investors with valuable insight into the company's financial health. These figures can help evaluate how efficiently the business has managed growth and generated earnings before entering the public markets.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹452.15 Cr. | ₹560.40 Cr. | ₹122.73 Cr. | ₹399.20 Cr. |
| 2025 | ₹597.68 Cr. | ₹483.70 Cr. | ₹168.19 Cr. | ₹247.37 Cr. |
| 2026 | ₹586.99 Cr. | ₹508.74 Cr. | ₹52.14 Cr. | ₹341.78 Cr. |
Waterways Leisure Tourism IPO Valuation – FY2026
The valuation metrics of Waterways Leisure Tourism provide investors with an overview of the company's profitability, financial efficiency, leverage position, and shareholder value creation. These indicators are widely used to assess the attractiveness of an IPO and compare it with industry peers.
Key measures such as EPS, RoNW, ROCE, NAV, and margin performance can help investors better understand the company's financial profile and operational effectiveness before making an investment decision.
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 0.92% |
| Return on Capital Employed (ROCE) | 1.14% |
| EBITDA Margin | 0.20% |
| PAT Margin | 0.09% |
| Debt to Equity Ratio | 1.27 |
| Earnings Per Share (EPS) | ₹8.02 (Basic) |
| Price to Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 92.70% |
| Net Asset Value (NAV) | ₹12.31 |
Waterways Leisure Tourism IPO Peer Group Comparison
A peer comparison helps investors evaluate Waterways Leisure Tourism against established companies operating across the hospitality, tourism, leisure, amusement park, and hotel segments. Reviewing valuation multiples and profitability indicators provides useful context regarding industry benchmarks.
While business models and operating scales vary across these companies, the comparison offers insight into earnings performance, return ratios, net worth metrics, and revenue generation within the broader leisure and hospitality ecosystem.
| Company | EPS | P/E Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Chalet Hotels Limited | 29.50 | 25.73 | 19.40% | 3697.16 | ₹2,769.75 Cr. |
| Lemon Tree Hotels Limited | 2.87 | 40.98 | 11.73% | 2079.18 | ₹1,444.45 Cr. |
| Juniper Hotels Limited | 6.36 | 31.90 | 5.06% | 2868.43 | ₹1,047.68 Cr. |
| Samhi Hotels Limited | 25.61 | 6.19 | 34.07% | 2182.18 | ₹1,247.80 Cr. |
| Taj GVK Hotels & Resorts Limited | 65.31 | 4.97 | 39.48% | 1419.37 | ₹508.45 Cr. |
| Wonderla Holidays Limited | 12.89 | 40.98 | 4.64% | 1796.90 | ₹518.77 Cr. |
| Imagicaa World Entertainment Limited | 0.01 | 4,544.00 | 0.10% | 1254.04 | ₹373.85 Cr. |
The peer group highlights the diversity of valuation levels and profitability metrics across India's listed hospitality and tourism companies. Investors can use these figures as reference points while assessing Waterways Leisure Tourism's market positioning and future growth prospects.
Waterways Leisure Tourism - IPO Lead Managers aka Merchant Bankers
- Centrum Capital Ltd.
- Intensive Fiscal Services Pvt. Ltd.
- Motilal Oswal Investment Advisors Ltd.