· Mainboard · NSE, BSE
Price Band
₹769–808
Lot Size
18 shares
Issue Size
₹585 Cr
Min. Investment
₹14,544
Indicative, updates through the day
Cap price plus current GMP: ₹757 — arithmetic, not a forecast
Waterways Leisure Tourism IPO is a Mainboard issue that listed on NSE, BSE on 1 July 2026. The issue price band is fixed at ₹769–₹808 per equity share with a minimum market lot size of 18 shares, bringing the total issue size to ₹585 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹14,544.
No meaningful grey market premium is actively quoted for Waterways Leisure Tourism IPO at this stage. For a Mainboard issue at this point in the timeline, this is standard until anchor book allocations and institutional bids build volume. A missing premium is not negative sentiment; it reflects lower off-market liquidity. Read our complete guide to IPO GMP mechanics.
As per the latest exchange feeds from BSE and NSE, Waterways Leisure Tourism IPO has been subscribed 1.53x overall — with QIB at 0.72x, NII at 1.23x, bNII at 0.94x, sNII at 1.83x, Retail at 4.4x, representing over 1,15,477 retail and institutional applications. When the retail category is oversubscribed, SEBI regulations mandate that allotment is determined via an automated computerized lottery where each valid PAN gets one equal chance.
The minimum investment for retail investors is one lot of 18 shares (approx. ₹14,544 at the cut-off price), while the maximum retail bid is capped at 13 lots (under ₹2,00,000). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is MUFG Intime India Pvt. Ltd. (formerly Link Intime), with the basis of allotment finalised on 29 June 2026 and listing completed on 1 July 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹808
Listed At
₹681
Current Price
₹668.1
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 are generated directly through its website, mobile application, call centers, and customer service channels. Waterways Leisure Tourism is positioned to benefit from the growing cruise tourism industry in India and plans to expand its fleet with Norwegian Sky and Norwegian Sun. As of March 31, 2026, the company had 245 permanent employees.
Waterways Leisure Tourism IPO raises ₹263.25 crore from anchor investors. Waterways Leisure Tourism IPO Anchor bid date is June 22, 2026.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 54,30,076 | 75% |
| − Anchor Investor | 32,58,045 | 45% |
| − QIB (Ex. Anchor) | 21,72,031 | 30% |
| NII (HNI) | 10,86,014 | 15% |
| − bNII > ₹10L | 7,24,009 | 10% |
| − sNII < ₹10L | 3,62,005 | 5% |
| Retail | 7,24,009 | 10% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹14,544 |
| Retail (Max) | 13 | 234 | ₹1,89,072 |
| S-HNI (Min) | 14 | 252 | ₹2,03,616 |
| S-HNI (Max) | 68 | 1224 | ₹9,88,992 |
| B-HNI (Min) | 69 | 1242 | ₹10,03,536 |
EPS (Pre IPO)
8.00
EPS (Post IPO)
7.20
ROE
92.70%
P/E (Pre IPO)
100.96
P/E (Post IPO)
112.18
Price / Book
65.64
Market Cap
₹5,264Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| UHM Vacation Ltd. | 11.32 | ₹36.00 Cr | |
| Western Overseas Study Abroad Ltd. | 10.67 | ₹10.07 Cr | |
| Helloji Holidays Ltd. | 14.07 | ₹10.97 Cr | |
| LGT Business Connextions Ltd. | 14.38 | ₹28.09 Cr | |
| TSC India Ltd. | 15.44 | ₹25.89 Cr |
Waterways Leisure Tourism Ltd. Address
MUFG Intime India Pvt. Ltd. (formerly Link Intime)