Waterways Leisure Tourism IPO Day 1: Check GMP, Subscription Status & Key Highlights
The ?585 crore Waterways Leisure Tourism IPO opened for subscription today, June 23, 2026, with a price band of ?769-?808 per share. As of 10:50 AM on Day 1, the issue was subscribed 0.04 times, while the grey market premium (GMP) stood at around ?12 per share.
Waterways Leisure Tourism Limited, the parent company of Cordelia Cruises, is one of India's leading ocean cruise operators, offering premium cruise holiday experiences. The company provides a blend of luxury accommodation, dining, entertainment, and hospitality services through voyages across key Indian coastal destinations and select international ports.
The issue will remain open until June 25, with the basis of allotment 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 Managers: 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 1 Subscription Status
[June 23, 2026, 10:50 AM]
|
Category? |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
- |
|
Non-Institutional Investors (NIIs) |
0.01 |
|
Retail Individual Investors (RIIs) |
0.21 |
|
Total? |
0.04 |
Waterways Leisure Tourism IPO GMP Today
According to media reports, the Grey Market Premium (GMP) of the Waterways Leisure Tourism IPO is ?12 per share today.?
About Waterways Leisure Tourism Limited
Incorporated in 2020, Waterways Leisure Tourism Limited is one of India's leading ocean cruise operators, offering premium cruise holiday experiences through its Cordelia Cruises brand. The company combines luxury accommodation, entertainment, dining, and hospitality experiences with itineraries spanning major Indian coastal destinations and select international locations.
Waterways Leisure Tourism operates the MV Empress, a cruise vessel with 796 cabins and a guest capacity of over 2,000 passengers.?
As of March 31, 2026, more than 730,000 guests had sailed aboard its cruises, 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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