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Waterways Leisure Tourism IPO Day 3: The Waterways Leisure Tourism IPO, worth ₹585 crore, entered its final day of bidding on June 25, 2026. The IPO has garnered significant attention from investors as the company behind Cordelia Cruises, India’s leading premium cruise brand, seeks to raise funds through a fresh issue of shares.
As of 10:35 AM on Day 3, the IPO was subscribed 0.62 times, while the Grey Market Premium (GMP) stood at ₹5 per share, indicating a modest premium over the issue price.
📌 Investors are closely tracking the IPO’s final-day demand, GMP trends, allotment status, and listing prospects.
📊 Waterways Leisure Tourism IPO Subscription Status Today (Day 3)
Updated: June 25, 2026, 10:35 AM
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.00x |
| Non-Institutional Investors (NIIs) | 0.44x |
| Retail Individual Investors (RIIs) | 2.75x |
| Total Subscription | 0.62x |
Key Takeaways
✅ Retail investors have shown strong interest with subscriptions reaching 2.75 times.
✅ NII participation remains moderate at 0.44 times.
✅ QIB bids are yet to pick up significantly.
💰 Waterways Leisure Tourism IPO GMP Today
According to market observers, the Waterways Leisure Tourism IPO GMP today is ₹5 per share.
Estimated Listing Price
| Particulars | Amount |
|---|---|
| Upper Price Band | ₹808 |
| GMP | ₹5 |
| Expected Listing Price | ₹813 |
⚠️ Investors should note that GMP is an unofficial market indicator and can fluctuate before listing.
📅 Waterways Leisure Tourism IPO Important Dates
| Event | Date |
|---|---|
| IPO Opens | June 23, 2026 |
| IPO Closes | June 25, 2026 |
| Basis of Allotment | June 29, 2026 |
| Refund Initiation | June 30, 2026 |
| Shares Credited to Demat Accounts | June 30, 2026 |
| Expected Listing Date | July 1, 2026 |
Note: Dates are tentative and subject to change.
📝 Waterways Leisure Tourism IPO Details
| Particulars | Details |
|---|---|
| Issue Type | Book Building Issue |
| Issue Size | ₹585 Crore |
| Fresh Issue | ₹585 Crore |
| Face Value | ₹10 per Share |
| Price Band | ₹769 – ₹808 |
| Lot Size | 18 Shares |
| Minimum Investment | ₹14,544 |
| Listing Exchange | BSE & NSE |
| Lead Manager | Centrum Broking Limited |
| Registrar | MUFG Intime India Pvt. Ltd. |
🎯 Objectives of the IPO
The company plans to utilize the net proceeds from the IPO for:
- Payment of deposits and advance lease rentals.
- Monthly lease payments to subsidiary Baycruise Shipping and Leasing (IFSC) Private Limited.
- Funding general corporate purposes.
- Strengthening the company’s future growth initiatives.
🏢 About Waterways Leisure Tourism Limited
Founded in 2020, Waterways Leisure Tourism Limited operates Cordelia Cruises, one of India’s largest premium ocean cruise brands.
The company offers luxury cruise vacations featuring:
🌊 Premium accommodations
🍽️ Multiple dining experiences
🎭 World-class onboard entertainment
🛳️ Domestic and international cruise destinations
Its flagship vessel, MV Empress, features:
- 796 cabins
- Capacity of over 2,000 passengers
- Multiple entertainment and hospitality facilities
As of March 31, 2026, the company had:
✅ Served over 7.3 lakh passengers
✅ Completed voyages spanning 321,000+ nautical miles
✅ Established itself as a major player in India’s growing cruise tourism industry
📈 Waterways Leisure Tourism Financial Performance
| Particulars (₹ Crore) | FY26 | FY25 | FY24 |
|---|---|---|---|
| Revenue from Operations | 579.7 | 590.6 | 444.0 |
| Profit After Tax (PAT) | 52.14 | 168.19 | (122.73) |
| EBITDA | 117.48 | 215.26 | 111.15 |
Financial Highlights
📌 Revenue remained strong above ₹579 crore in FY26.
📌 The company reported a profit of ₹52.14 crore in FY26.
📌 EBITDA stood at ₹117.48 crore, reflecting operational profitability.
📌 FY25 was the company’s strongest year in terms of earnings.
🤔 Should Investors Track the Waterways Leisure Tourism IPO?
The IPO offers investors an opportunity to participate in India’s emerging cruise tourism sector through the operator of Cordelia Cruises. While retail participation has been encouraging so far, institutional demand and final-day subscription figures will be crucial indicators of market sentiment.
Investors should monitor:
✔️ Final subscription numbers
✔️ Latest GMP movement
✔️ Allotment status
✔️ Listing-day performance
✔️ Company’s long-term growth prospects in India’s tourism and hospitality industry
🔔 Waterways Leisure Tourism IPO Day 3 Snapshot
- 💰 IPO Size: ₹585 Crore
- 📈 GMP Today: ₹5
- 🏷️ Price Band: ₹769–₹808
- 🛒 Lot Size: 18 Shares
- 📊 Subscription (10:35 AM): 0.62x
- 📅 Allotment Date: June 29, 2026
- 🚀 Expected Listing: July 1, 2026
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