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Open
23 Jun 2026
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Close
25 Jun 2026
3
Allotment
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Listing
Wed, Jul 1, 2026
Price Band
₹769 to ₹808
Issue Size
72,40,099 shares (agg. up to ₹585 Cr)
Lot Size
18 Shares
Listing Date
Wed, Jul 1, 2026
Latest GMP
₹-51
Est. Gain
-6.31%
✦ AI Insight
GMP Trend
01-07-2026₹-51Est. ₹757-6.31%
30-06-2026₹-51Est. ₹757-6.31%
29-06-2026₹-47Est. ₹761-5.82%
28-06-2026₹-46Est. ₹762-5.69%
27-06-2026₹-46Est. ₹762-5.69%
26-06-2026₹-36Est. ₹772-4.46%
25-06-2026₹-28Est. ₹780-3.47%
Live Subscription
| Category | Subscription (times) |
|---|---|
| QIB | 0.72x |
| NII | 1.23x |
| Retail | 4.40x |
| Total | 0.84x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 341.78 | 247.37 | 399.20 |
| Total Income | 586.99 | 597.68 | 452.15 |
| Profit After Tax | 52.14 | 168.19 | -122.73 |
| EBITDA | 117.48 | 215.46 | 111.15 |
| NET Worth | 80.20 | 32.78 | -118.07 |
| Reserves and Surplus | 15.05 | -31.90 | -182.75 |
| Total Borrowing | 101.90 | 30.44 | 5.18 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| UHM Vacation Ltd. | SME | ₹36.00 Cr | ₹166 | 11.32 | ₹126.20 | -23.98% | ₹34.90 (-3.24%) |
| Western Overseas Study Abroad Ltd. | SME | ₹10.07 Cr | ₹56 | 10.67 | ₹52.16 | -6.86% | ₹20.25 (+1.25%) |
| Helloji Holidays Ltd. | SME | ₹10.97 Cr | ₹118 | 14.07 | ₹123.90 | +5.00% | ₹111.00 (+0.00%) |
| LGT Business Connextions Ltd. | SME | ₹28.09 Cr | ₹107 | 14.38 | ₹81.35 | -23.97% | ₹47.00 (-2.95%) |
| TSC India Ltd. | SME | ₹25.89 Cr | ₹70 | 15.44 | ₹71.40 | +2.00% | ₹31.05 (+3.50%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment towards deposit/ advanced lease rental and monthly lease payments to stepdown subsidiary, Baycruise Shipping and Leasing (IFSC) Pvt.Ltd. (Baycruise IFSC). | 480.01 |
| 2 | General Corporate Purposes | 76.63 |
| 3 | Issue Expenses | 28.36 |
| Total | 585.00 |
About Waterways Leisure Tourism IPO
Incorporated in November 2020, Waterways Leisure Tourism Limited is one of India’s leading domestic ocean cruise operators, offering luxury cruise experiences focused on Indian culture, hospitality, entertainment, and cuisine. The company operates the cruise vessel MV Empress, which sails to destinations including Mumbai, Goa, Kochi, Chennai, Lakshadweep, Visakhapatnam, Puducherry, and select international destinations such as Sri Lanka, Thailand, Singapore, and Malaysia. As of March 31, 2026, over 730,000 guests had sailed on its cruises, covering more than 321,000 nautical miles. The company held approximately 79% market share by value in India’s domestic ocean cruise industry in Fiscal 2025. MV Empress features 796 cabins, including suites, ocean-view cabins, and interior staterooms, along with amenities such as restaurants, entertainment shows, casino, spa, fitness center, swimming pools, gaming arcade, children's academy, and MICE and wedding facilities. The company follows an asset-light operating model by outsourcing key cruise functions such as food & beverage, housekeeping, crewing, and entertainment, enabling operational efficiency and scalability. A majority of bookings
Contact Details
Waterways Leisure Tourism Ltd. AddressA-1601, Marathon FuturexNM Joshi MargLower Parel, Delisle RoadMumbai, Maharashtra, 400013+9102271541821cs@waterways-leisure.comVisit Website