IPO Listed — 01 Jul 2026
Listing Price: ₹690
Waterways Leisure Tourism IPO GMP History | Listing Price ₹690 & Kostak Rate
Waterways Leisure Tourism IPO has been listed on July 1, 2026 at a listing price of ₹690, against the issue price of ₹808 — a loss of ₹118 (-14.6%). The GMP peaked at ₹24 on 20 June 2026 and reached a low of ₹-51 on 1 July 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Waterways Leisure Tourism IPO raised ₹585 Cr. through its IPO at a price band of ₹769 to ₹808 per share, with a lot size of 18 shares. The IPO was open for subscription from 23 Jun 2026 to 25 Jun 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 01 Jul 2026 | ₹ -51 | -6.3% | ₹ 0 | ₹ 0 | |
| 30 Jun 2026 | ₹ -51 | -6.3% | ₹ 0 | ₹ 0 | |
| 29 Jun 2026 | ₹ -47 | -5.8% | ₹ 0 | ₹ 0 | |
| 28 Jun 2026 | ₹ -46 | -5.7% | ₹ 0 | ₹ 0 | |
| 27 Jun 2026 | ₹ -46 | -5.7% | ₹ 0 | ₹ 0 | |
| 26 Jun 2026 | ₹ -36 | -4.5% | ₹ 0 | ₹ 0 | |
| 25 Jun 2026 | ₹ -28 | -3.5% | ₹ 0 | ₹ 0 | |
| 24 Jun 2026 | ₹ 5 | 0.6% | ₹ 0 | ₹ 0 | |
| 23 Jun 2026 | ₹ 6 | 0.7% | ₹ 0 | ₹ 0 | |
| 22 Jun 2026 | ₹ 12 | 1.5% | ₹ 0 | ₹ 0 | |
| 21 Jun 2026 | ₹ 10 | 1.2% | ₹ 0 | ₹ 0 | |
| 20 Jun 2026 | ₹ 24 | 3.0% | ₹ 0 | ₹ 0 | |
| 19 Jun 2026 | ₹ 16 | 2.0% | ₹ 0 | ₹ 0 | |
| 18 Jun 2026 | ₹ 20 | 2.5% | ₹ 0 | ₹ 0 |
Waterways Leisure Tourism IPO Dates
| Event | Date |
|---|---|
| Open Date | 23 Jun, 2026 |
| Close Date | 25 Jun, 2026 |
| Allotment Date | 29 Jun, 2026 |
| Refund Date | 30 Jun, 2026 |
| Credit to Demat | 30 Jun, 2026 |
| Listing Date | 01 Jul, 2026 |
Waterways Leisure Tourism IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹808 |
| GMP-Based Estimate (Pre-Listing) | ₹757 (-6.3%) |
| Actual Listing Price | ₹690 (-14.6%) |
| Listing Gain / Loss | ₹-118 per share |
| Listing Date | 01 Jul, 2026 |
Is Waterways Leisure Tourism IPO GMP Reliable?
Grey market premium for Waterways Leisure Tourism IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Waterways Leisure Tourism IPO full review for a fundamentals-based assessment before making any grey market trades.
Waterways Leisure Tourism IPO IPO Kostak Rate Explained
The Kostak rate for Waterways Leisure Tourism IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Waterways Leisure Tourism IPO
The company offers cruise vacations featuring accommodation, dining, live entertainment, recreational activities and destination-based travel experiences. Promoted by experienced professionals associated with the travel and hospitality sector, Waterways Leisure Tourism follows an integrated business model that generates revenue from ticket sales, onboard hospitality services, entertainment offerings, retail purchases and excursion packages. Its operations cover various domestic and international routes, positioning the company as a key participant in India's growing leisure travel and tourism industry.
Strengths & Risks
Strengths
- ✓ Leading Cruise Brand in India – The company operates Cordelia Cruises, one of the most recognized cruise tourism brands in the country.
- ✓ Growing Tourism Industry – Rising disposable incomes and increasing demand for experiential travel support long-term growth prospects.
- ✓ Diversified Revenue Streams – Revenue is generated from cruise ticket sales, onboard hospitality, entertainment, retail sales, and excursion packages.
- ✓ Strong Brand Positioning – The company has established a strong presence in the emerging Indian cruise tourism segment with a loyal customer base.
- ✓ First-Mover Advantage – Limited competition in the domestic cruise market provides an opportunity to capture a larger share of the growing industry.
Risks
- ⚠ High Capital-Intensive Business – Cruise operations require significant investment in vessels, maintenance, upgrades, and compliance costs.
- ⚠ Dependence on Consumer Spending – Demand for cruise vacations is discretionary and may decline during economic slowdowns.
- ⚠ Exposure to Fuel Price Fluctuations – Rising fuel costs can adversely affect operating margins and profitability.
- ⚠ Regulatory and Safety Risks – Cruise operations are subject to maritime regulations, environmental standards, and safety requirements across multiple jurisdictions.
- ⚠ Business Concentration Risk – A significant portion of revenue is dependent on cruise tourism operations, making the company vulnerable to disruptions from pandemics, adverse weather conditions, geopolitical events, or travel restrictions.
Frequently Asked Questions about Waterways Leisure Tourism IPO
What is the GMP of Waterways Leisure Tourism IPO?
The current Grey Market Premium (GMP) of Waterways Leisure Tourism IPO is ₹ -51.
What is the Kostak Price of Waterways Leisure Tourism IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Waterways Leisure Tourism IPO is currently not available.
What is the Subject to Sauda Price of Waterways Leisure Tourism IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Waterways Leisure Tourism IPO?
Waterways Leisure Tourism IPO listed on July 1, 2026 at ₹690, against the issue price of ₹808 — a loss of -14.6%.
How did the GMP of Waterways Leisure Tourism IPO trend before listing?
The GMP of Waterways Leisure Tourism IPO was stable in its final days before listing. The GMP peaked at ₹24 on 20 June 2026. View the day-wise table above for the complete GMP history.
Explore Waterways Leisure Tourism IPO Further
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