Waterways Leisure Tourism IPO
GMP, Subscription, Price, Dates & Financial Details
Hotel, Resort & Restaurants
Incorporated in November 2020, Waterways Leisure Tourism Limited is one of India's leading domestic ocean cruise operators, providing premium cruise vacations that combine Indian hospitality, culture, entertainment, and cuisine. The company operates the cruise vessel MV Empress, offering…
Open Date
Tue, 23 Jun 2026
Close Date
Thu, 25 Jun 2026
Price Band
₹ 769 – 808
Lot Size
18
Issue Size
₹ 585.00 Cr
Minimum Investment
₹ 14,544 (18 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Waterways Leisure Tourism IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹585 Crore, comprising a fresh issue of 72.40 Lakh equity shares aggregating to ₹585.00 Crore.
The Waterways Leisure Tourism IPO remained open for subscription from June 23, 2026, to June 25, 2026. The basis of allotment was finalized on June 29, 2026, and the company's shares were listed on the NSE and BSE on July 01, 2026.
The company had fixed the price band at ₹769 to ₹808 per share, with a lot size of 18 shares. Retail investors were required to make a minimum investment of ₹14,544 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Centrum Broking Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Waterways Leisure Tourism Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Waterways Leisure Tourism IPO Timeline (Tentative)
- IPO Open Date
- Tue, 23 Jun 26
- IPO Close Date
- Thu, 25 Jun 26
- Basis of Allotment
- Mon, 29 Jun 26
- Initiation of Refunds
- Tue, 30 Jun 26
- Credit of Shares to Demat
- Tue, 30 Jun 26
- Listing Date
- Wed, 01 Jul 26 — NSE & BSE
Open Date
23 June 2026
Close Date
25 June 2026
Basis Of Allotment
29 June 2026
Listing Date
01 July 2026
IPO Subscription
Check Live Subscription →The Waterways Leisure Tourism IPO has received bids for 60,93,900 shares against 41,84,004 shares offered, resulting in an overall subscription of 1.46x. the NII category is subscribed 1.17x, Retail Investors 4.19x, and QIBs 0.69x. Within the NII category, BNII is subscribed 0.89x, while SNII is subscribed 1.74x.
QIB
0.69x
NII
1.17x
BNII
0.89x
SNII
1.74x
RII
4.19x
Total
1.46x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 7,60,728 shares, representing 18.18% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 22,82,184 shares (54.55%), while Non-Institutional Investors (NIIs) receive 11,41,092 shares (27.27%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 2,282,184 | 54.55% |
| Non-Institutional | 1,141,092 | 27.27% |
| BNII | 760,728 | 18.18% |
| SNII | 380,364 | 9.09% |
| Retail Investors | 760,728 | 18.18% |
| Total | 4,184,004 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 341.78 | 247.37 | 399.2 |
| Revenue | 586.99 | 597.68 | 452.15 |
| Profit After Tax | 52.14 | 168.19 | -122.73 |
| Net Worth | 80.2 | 32.78 | -118.07 |
| Reserve & Surplus | 15.05 | -31.9 | -182.75 |
| Total Borrowings | 101.9 | 30.44 | 5.18 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Waterways Leisure Tourism Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 0.92 | 3.94 | 2.17 |
| ROCE % | 1.14 | 5.03 | 0.62 |
| Debt / Equity | 1.27 | 0.93 | -0.04 |
| RoNW % | 92.7 | 394.41 | 217.46 |
| Pat Margin % | 0.09 | 0.28 | -0.27 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Waterways Leisure Tourism Ltd | 10 | 0 | 8.02 | 8.02 | 92.7 | 12.31 |
| Chalet Hotels Ltd | 10 | 25.73 | 29.5 | 29.46 | 19.4 | 168.83 |
| Lemon Tree Hotels Ltd | 10 | 40.98 | 2.87 | 2.87 | 11.73 | 26.25 |
| Juniper Hotels Ltd | 10 | 31.9 | 6.36 | 6.36 | 5.06 | 128.91 |
| Samhi Hotels Ltd | 1 | 6.19 | 25.61 | 25.47 | 34.07 | 98.24 |
About Waterways Leisure Tourism Limited
Incorporated in November 2020, Waterways Leisure Tourism Limited is one of India's leading domestic ocean cruise operators, providing premium cruise vacations that combine Indian hospitality, culture, entertainment, and cuisine. The company operates the cruise vessel MV Empress, offering itineraries across prominent Indian destinations such as Mumbai, Goa, Kochi, Chennai, Lakshadweep, Visakhapatnam, and Puducherry, as well as select international destinations including Sri Lanka, Thailand, Singapore, and Malaysia.
As of March 31, 2026, the company had welcomed more than 730,000 guests, with its cruises covering over 321,000 nautical miles. In Fiscal 2025, it held an estimated 79% market share by value in India's domestic ocean cruise industry, highlighting its strong leadership position in the sector.
The MV Empress is equipped with 796 cabins, including suites, ocean-view cabins, and interior staterooms. The vessel offers a wide range of onboard amenities and experiences, such as multiple dining venues, live entertainment shows, a casino, spa, fitness center, swimming pools, gaming arcade, children's activity center, and facilities for MICE (Meetings, Incentives, Conferences, and Exhibitions) events and destination weddings.
The company operates an asset-light business model, outsourcing several key functions—including food and beverage services, housekeeping, crewing, and entertainment—to specialized service providers. This approach enables greater operational efficiency, flexibility, and scalability. A significant portion of bookings is generated directly through the company's website, mobile application, call centers, and customer support channels, strengthening customer engagement and reducing dependence on third-party distribution platforms.
Waterways Leisure Tourism Limited is well-positioned to capitalize on the growing demand for cruise tourism in India. To support its expansion strategy, the company plans to strengthen its fleet by adding Norwegian Sky and Norwegian Sun, which are expected to enhance capacity and broaden its cruise offerings.
As of March 31, 2026, the company employed 245 permanent employees.
Waterways Leisure Tourism IPO Promoters
- Global Shipping
- Leisure Limited
- Rajesh Chandumal Hotwani
Promoters Holding
Holding Pre Issue
99.27%
Holding Post Issue
89.35%
Waterways Leisure Tourism IPO Objective
The Company Waterways Leisure Tourism IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Payment towards deposit/ advanced 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 Limited Address / Contact Details
Waterways Leisure Tourism Ltd.
A-1601, Marathon Futurex,
NM Joshi Marg,
Lower Parel, Delisle Road,
Mumbai, Maharashtra, 400013
Phone: +9102271541821
Email: cs@waterways-leisure.com
IPO Snapshot
Waterways Leisure Tourism IPO Lot Size
The Waterways Leisure Tourism IPO has a lot size of 18 shares. Retail investors require a minimum investment of ₹14,544 by applying for 1 lot (18 shares). The maximum application allowed for the retail category is 13 lots (234 shares), requiring an investment of ₹1,89,072.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 18 | 14,544.00 |
| Retail (Max) | 13 | 234 | 189,072.00 |
| S-HNI (Min) | 14 | 252 | 203,616.00 |
| S-HNI (Max) | 68 | 1,224 | 988,992.00 |
| B-HNI (Min) | 69 | 1,242 | 1,003,536.00 |
Issue Reservation
- QIB — 54.55%
- NII — 27.27%
- RII — 18.18%
Book Running Lead Managers
- Centrum Broking Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Waterways Leisure Tourism IPO?
Waterways Leisure Tourism IPO is a Book-building IPO with a total issue size of ₹585 crore. The Waterways Leisure Tourism IPO price band is ₹769 to 808 per share. The Waterways Leisure Tourism IPO subscription opens on Tue, Jun 23, 2026, and closes on Thu, Jun 25, 2026. The Waterways Leisure Tourism IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Waterways Leisure Tourism IPO.
When will the Waterways Leisure Tourism IPO open for subscription?
The Waterways Leisure Tourism IPO opens on Tue, Jun 23, 2026 and closes on Thu, Jun 25, 2026
What is Waterways Leisure Tourism IPO Price Band?
Waterways Leisure Tourism IPO Price Band is ₹769 to 808 per share.
What is Waterways Leisure Tourism IPO Lot Size?
Waterways Leisure Tourism IPO lot size is 18 shares, Retail investors need a minimum investment of ₹14544 based on the upper price band
What is the minimum investment for Waterways Leisure Tourism IPO?
The minimum investment for Waterways Leisure Tourism IPO is ₹14544, based on one lot of 18 shares at the upper price band of ₹808 per share.
How to apply for Waterways Leisure Tourism IPO?
Investors can apply for the Waterways Leisure Tourism IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Jun 25, 2026. The application amount remains blocked until the Waterways Leisure Tourism IPO allotment is finalized.
What is Waterways Leisure Tourism IPO Issue Size?
Waterways Leisure Tourism IPO issue size is ₹585 crores.
What is the Waterways Leisure Tourism IPO Allotment Date?
Waterways Leisure Tourism IPO allotment date is Mon, Jun 29, 2026.
Who is the Waterways Leisure Tourism IPO Registrar?
The registrar for Waterways Leisure Tourism IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Waterways Leisure Tourism IPO allotment status, refund processing, and other IPO-related information.
What is the Waterways Leisure Tourism IPO GMP?
The Waterways Leisure Tourism IPO GMP (Grey Market Premium) is ₹24 as of Sat, Jun 20, 2026. Based on the upper price band of ₹808 per share, the estimated Waterways Leisure Tourism IPO listing price is ₹832, indicating a potential listing gain of approximately 2.97% over the issue price.
Who is the Waterways Leisure Tourism IPO Lead Manager?
The book-running lead managers (BRLMs) for the Waterways Leisure Tourism IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Waterways Leisure Tourism IPO Red Herring Prospectus (RHP).