Waterways Leisure Tourism IPO Review 2026: Price Band, Listing Dates, GMP & Allocation
| Particulars | Details |
|---|---|
| IPO Open Date | June 23, 2026 |
| IPO Close Date | June 25, 2026 |
| Listing Date | July 1, 2026 |
| Issue Type | Book Built Issue |
| Face Value | ₹10 per share |
| Price Band | ₹769 to ₹808 per share |
| Lot Size | 18 Shares |
| Total Issue Size | 72,40,099 Shares (₹585 Crore) |
| Fresh Issue | 72,40,099 Shares (₹585 Crore) |
| Listing Exchange | NSE & BSE |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Lead Manager | Centrum Broking Ltd. |
About Waterways Leisure Tourism Limited
Incorporated in November 2020, Waterways Leisure Tourism Limited operates Cordelia Cruises, one of India's leading domestic ocean cruise brands. The company offers premium cruise vacations focused on Indian hospitality, cuisine, entertainment, and cultural experiences.
The company currently operates the cruise vessel MV Empress, serving destinations including Mumbai, Goa, Kochi, Chennai, Lakshadweep, Visakhapatnam, Puducherry, Sri Lanka, Thailand, Singapore, and Malaysia.
As of March 31, 2026, more than 730,000 guests had sailed on its cruises, covering over 321,000 nautical miles. The company held approximately 79% market share by value in India's domestic ocean cruise industry during FY2025.
MV Empress features 796 cabins and offers various onboard amenities including restaurants, live entertainment, casino, spa, fitness center, swimming pools, gaming arcade, children's academy, wedding venues, and MICE facilities.
The company follows an asset-light operating model by outsourcing selected operational functions, helping improve efficiency and scalability while focusing on customer acquisition, guest experience, and cruise operations.
As of March 31, 2026, Waterways Leisure Tourism had 245 permanent employees.
Refer to RHP for detailed information.
Competitive Strengths
- Leading domestic ocean cruise operator in India.
- Strong brand recognition through Cordelia Cruises.
- Approximately 79% market share in India's domestic cruise industry.
- Large and growing customer base with over 730,000 guests served.
- Asset-light operating model supporting scalability.
- Diverse onboard entertainment, hospitality, and tourism offerings.
- Expansion plans through addition of Norwegian Sky and Norwegian Sun.
- Growing cruise tourism opportunity in India.
- Strong direct booking ecosystem through website, app, and customer channels.
Waterways Leisure Tourism IPO Objectives
The company proposes to utilize the net proceeds from the fresh issue towards:
- Funding growth initiatives and business expansion.
- Strengthening operational capabilities.
- General corporate purposes.
- Enhancing financial flexibility for future opportunities.
Waterways Leisure Tourism IPO Timetable
| Event | Date |
|---|---|
| IPO Opens | June 23, 2026 |
| IPO Closes | June 25, 2026 |
| Basis of Allotment | June 29, 2026 |
| Initiation of Refunds | June 30, 2026 |
| Credit of Shares | June 30, 2026 |
| Listing Date | July 1, 2026 |
Waterways Leisure Tourism IPO Lot Size
| Category | Lots | Shares | Investment Amount* |
|---|---|---|---|
| Retail Minimum | 1 | 18 | ₹14,544 |
| sNII Minimum | 14 | 252 | ₹2,03,616 |
| bNII Minimum | 69 | 1,242 | ₹10,03,536 |
*Calculated at the upper price band of ₹808 per share.
IPO Allotment & Application Status
Registrar: MUFG Intime India Pvt.Ltd.
- NSE Bid Status: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- BSE Bid Status: https://www.bseindia.com/investors/appli_check.aspx
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Frequently Asked Questions (FAQs) - Waterways Leisure Tourism IPO
What is the Waterways Leisure Tourism IPO date?
Waterways Leisure Tourism IPO opens on June 23, 2026 and closes on June 25, 2026.
What is the price band of Waterways Leisure Tourism IPO?
The price band for Waterways Leisure Tourism IPO is ₹769 to ₹808 per share.
What is the lot size of Waterways Leisure Tourism IPO?
The minimum lot size is 18 shares, requiring an investment of ₹14,544 at the upper price band.
What does Waterways Leisure Tourism Limited do?
Waterways Leisure Tourism Limited operates Cordelia Cruises, one of India's leading domestic ocean cruise brands, offering luxury cruise vacations and hospitality experiences.
Where will Waterways Leisure Tourism IPO be listed?
The shares are proposed to be listed on both NSE and BSE.
When is the allotment date for Waterways Leisure Tourism IPO?
The tentative basis of allotment is scheduled for June 29, 2026.
Who is the registrar of Waterways Leisure Tourism IPO?
MUFG Intime India Pvt. Ltd. is the registrar to the issue.
What are the key strengths of Waterways Leisure Tourism?
Key strengths include leadership in domestic cruise tourism, strong brand recognition through Cordelia Cruises, significant market share, asset-light operations, and expansion plans.
What is the issue size of Waterways Leisure Tourism IPO?
The IPO size is ₹585 crore and consists entirely of a fresh issue of shares.
Should investors apply for Waterways Leisure Tourism IPO?
Investment decisions should be based on individual risk profile, valuation considerations, financial performance, industry outlook, and a detailed review of the company's offer documents. This content is for educational purposes only and should not be construed as investment advice.
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