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Waterways Leisure Tourism IPO Review

Waterways Leisure Tourism IPO has been reviewed by 13 analysts, and the overall consensus is Neutral — carrying a score of 50. Out of the 13 analysts who have covered this IPO, 5 recommend subscribing while 8 advise caution or avoidance — reflecting a mixed view from the analyst community.

The issue is priced in the band of ₹769-808 per share, with a minimum application size of 18 shares (minimum investment of approximately ₹14,544 at the upper band). Subscription ran from 23 Jun 2026 to 25 Jun 2026. The issue size is ₹585 crore. As of now, the grey market premium (GMP) for Waterways Leisure Tourism IPO is quoting at ₹-51 (-6.3%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
50/ 100
Neutral 5 of 13 recommend subscribing
How analysts voted
Apply 5
Neutral 3
Avoid 5
Not rated 2

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Waterways Leisure Tourism operates in the Indian cruise and leisure sector, which one note expects to grow at 20 to 25 percent CAGR. Revenue was ₹586.99 crore in FY26 with profit of ₹52.14 crore, down sharply from ₹168.19 crore in FY25. Views were split: five of twelve analysts said subscribe, three said avoid.

Listing gains

Valuation dominated the coverage. The notes price the issue between about 100.7 and 112 times FY26 earnings of ₹8.0 per share, and those recommending avoid call it aggressively priced or simply expensive. Even the positive notes do not dispute the multiple. On the analysts' reading, listing gains looked difficult.

Short-term strategy

Earnings fell steeply. EBITDA dropped from ₹215.46 crore in FY25 to ₹117.48 crore in FY26 and profit from ₹168.19 crore to ₹52.14 crore. Paying more than 100 times earnings against falling profit is what drove the avoid ratings. The near-term view across the coverage is cautious.

Long-term strategy

The positive notes rest entirely on the growth runway, with Indian cruise tourism expected to expand 20 to 25 percent annually from a small base. That is a genuine long-term theme. The disagreement is whether the current price already discounts many years of that growth, which the bearish notes argue it does.

How this is written: an AI-assisted summary of the 15 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

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Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Waterways Leisure Tourism IPO?

The analyst consensus for Waterways Leisure Tourism IPO tracked on this page is Neutral, with a score of 50/100. Out of 13 analysts who have reviewed this IPO, 5 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 50 mean for Waterways Leisure Tourism IPO?

The score of 50 is an aggregate of all analyst ratings tracked for Waterways Leisure Tourism IPO. A score in this range reflects mixed views — some analysts are positive while others are cautious. Read the individual analyst verdicts above for more context.

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% (₹118 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Waterways Leisure Tourism IPO?

Waterways Leisure Tourism IPO was priced at ₹769-808 per share. The minimum lot size is 18 shares, making the minimum investment approximately ₹14,544 at the upper end of the price band. Subscription ran from 23 Jun 2026 to 25 Jun 2026.

Explore Waterways Leisure Tourism IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Waterways Leisure Tourism IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Neutral
Score
50 / 100
Listed at
₹690
Full IPO details
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