Waterways Leisure Tourism IPO — Date, Price Band, GMP & Allotment 2026
Waterways Leisure Tourism IPO will open for subscription from 23 June 2026 to 25 June 2026. Incorporated to operate and expand cruise tourism in India, the company runs the popular Cordelia Cruises brand and follows a cruise-based leisure travel business model. It generates revenue through cruise ticket sales, onboard hospitality, entertainment and related services. Headquartered in Mumbai, the company has a strong presence across domestic and select international cruise routes, making it a key player in India's growing cruise tourism industry.
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Stock Price
As the IPO is listed, here is the Live Share Price for Waterways Leisure Tourism
IPO Summary
What is the Waterways Leisure Tourism IPO Timetable?
Track the IPO schedule and key events.
| Event | Date | Day |
|---|---|---|
| IPO Open Date | 23 Jun, 2026 | Tuesday |
| IPO Close Date | 25 Jun, 2026 | Thursday |
| Basis of Allotment | 29 Jun, 2026 | Monday |
| Refunds Initiated | 30 Jun, 2026 | Tuesday |
| Credit to Demat | 30 Jun, 2026 | Tuesday |
| Listing Date | 01 Jul, 2026 | Wednesday |
What is the Waterways Leisure Tourism IPO Lot Size?
Bidding in multiples of 18 shares.
| 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 |
About Waterways Leisure Tourism
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.
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Waterways Leisure Tourism Key Performance Indicators (KPIs)
Objects of the Issue
| Issue Object | Estimate Amount |
|---|---|
| Payment towards deposit/ advanced lease rental and monthly lease payments to stepdown subsidiary, Baycruise Shipping and Leasing (IFSC) Pvt.Ltd. (Baycruise IFSC). | ₹480.01 Cr. |
| General Corporate Purposes |
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.
Company Financials
The Waterways Leisure Tourism company's financial performance (in ₹ Cr.) is summarized below:
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 586.99 | 597.68 | 452.15 |
| EBITDA | 117.48 | 215.46 | 111.15 |
| Net Profit | 52.14 | 168.19 | -122.73 |
| Debt | 101.90 | 30.44 | 5.18 |
| Assets | 341.78 | 247.37 | 399.20 |
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Promoters and Shareholding Details
| Particular | % Share |
|---|---|
| Promoter Holding Pre Issue | 99.27% |
| Promoter Holding Post Issue | 89.35% |
Frequently Asked Questions
What is the GMP of Waterways Leisure Tourism?
The current Grey Market Premium (GMP) of Waterways Leisure Tourism is ₹ -51.
What is the Waterways Leisure Tourism IPO Price Band?
The price band for Waterways Leisure Tourism IPO is ₹769 to ₹808.
When is the Waterways Leisure Tourism IPO Allotment?
The allotment date for Waterways Leisure Tourism IPO is June 29, 2026.
How to check Waterways Leisure Tourism IPO Allotment Status?
You can check the allotment status on the IPO Allotment Status page or on the registrar's website (MUFG Intime India Private Limited).
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