Waterways Leisure Tourism IPO Subscription Status Day 1: IPO Subscribed 0.04 Times on Day 1, Key Dates & Issue Details
- By Kotak News Desk
- 23 Jun 2026 at 1:35 PM IST
- IPO News
- 4m
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Waterways Leisure Tourism IPO was subscribed 0.04 times on the first day of bidding, according to exchange data. The retail investor portion was subscribed 0.07 times, while the non-institutional investor segment was booked 0.02 times. The ₹585 crore issue will close on June 25, with the company's shares slated to list on July 1.
Waterways Leisure Tourism IPO subscription stood at 0.04 times on the first day of bidding, according to exchange data. The public issue received bids for 2.84 lakh shares against 72.40 lakh shares on offer.
The retail investor portion was subscribed 0.07 times, while the non-institutional investor (NII) category was subscribed 0.02 times. The qualified institutional buyers (QIB) portion had not received any bids at the time of the update.
The company is looking to raise ₹585 crore through a fresh issue of shares. There is no offer-for-sale component in the public issue.
Waterways Leisure Tourism IPO Details
Waterways Leisure Tourism has fixed a price band of ₹769-808 per share for the issue. Investors can bid for a minimum of 18 equity shares and in multiples thereafter.
The company has reserved up to 75% of the issue for qualified institutional buyers, at least 15% for non-institutional investors and at least 10% for retail investors.
Waterways Leisure Tourism secured ₹263.25 crore from anchor investors before the issue opened for public subscription. The company allotted 32.58 lakh shares at ₹808 per share.
How Will the Company Use IPO Proceeds?
According to the company's offer documents, the proceeds from the fresh issue will primarily be used towards lease-related payments for its step-down subsidiary, Baycruise Shipping and Leasing (IFSC) Private Limited. The remaining funds will be used for general corporate purposes.
About Waterways Leisure Tourism
Waterways Leisure Tourism operates Cordelia Cruises, a domestic cruise operator. Its cruise itineraries cover destinations including Mumbai, Goa, Kochi, Chennai, Lakshadweep, Visakhapatnam and Puducherry. The company also offers select international sailings, including routes to Sri Lanka.
Centrum Broking is the book-running lead manager to the issue, while MUFG Intime India is the registrar.
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IPO Timeline
The IPO opened for subscription on June 23 and will close on June 25.
The basis of allotment is expected to be finalised on June 29. Shares are likely to be credited to successful applicants' demat accounts on June 30, while the stock is scheduled to list on the BSE and NSE on July 1.
Source:
NSE/BSE subscription data
Anchor allocation filing
RHP/DRHP
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
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