Listed Mainboard IPO WATERWAYSLEISURETOURISM

Waterways Leisure Tourism

Waterways Leisure Tourism IPO GMP, price band, subscription status, listing date, financials aur complete IPO details yahan track karein.

IPO Details

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
Timeline

IPO roadmap at a glance

01
Bidding Opens 23 Jun 2026
02
Bidding Closes 25 Jun 2026
03
Allotment 29 Jun 2026
04
Listing 01 Jul 2026
Grey Market Premium

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%
Market Lot

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
Analysis

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
Analysis

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%
Analysis

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 PDF
Shares Offered [.] Shares
Anchor Issue Size [.] Cr.
Lock-in Expiry (50% Shares – 30 Days) 2026
Lock-in Expiry (Remaining 50% Shares – 90 Days) 2026
Analysis

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
Analysis

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 -%
Analysis

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 ₹-
Analysis

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.

Analysis

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.
Analysis

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
Analysis

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.

Analysis

Waterways Leisure Tourism - IPO Lead Managers aka Merchant Bankers

  • Centrum Capital Ltd.
  • Intensive Fiscal Services Pvt. Ltd.
  • Motilal Oswal Investment Advisors Ltd.
FAQ

Waterways Leisure Tourism IPO FAQs

Waterways Leisure Tourism IPO GMP today is Rs -127. Investors can use this GMP along with price band and subscription status for a better IPO review.
Waterways Leisure Tourism IPO price band is Rs 769.00 to Rs 808.00. Check the latest issue price, lot size and GMP together before applying.
Waterways Leisure Tourism IPO open date is 23 Jun 2026, close date is 25 Jun 2026, and listing date is 01 Jul 2026.
Waterways Leisure Tourism IPO lot size is 18 shares. The minimum retail investment is Rs 14,544.
Waterways Leisure Tourism is classified as a Mainboard. This helps investors quickly understand the issue category and exchange segment.
Waterways Leisure Tourism IPO subscription status currently shows Retail 2.88x, QIB 0x, Overall 0.65x.
Waterways Leisure Tourism is currently being tracked on GMP IPO Watch for GMP, subscription, price band and listing updates.
Waterways Leisure Tourism IPO issue size is TBA and the expected allotment date is 29 Jun 2026.