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Waterways Leisure Tourism IPO GMP: Grey Market Premium, Date, and Listing Date

Waterways Leisure Tourism's ₹614.67 crore IPO will open on June 23, 2026. Check the latest GMP, issue details, reservation, lot size, financial performance, peer comparison, and key dates before applying.

Revati Krishna
Published: 19 Jun 2026, 10:00 AM IST (1 week ago)
Last Updated: 26 Jun 2026, 05:59 PM IST (6 days ago)
4 min read
Quick Summary

Waterways Leisure Tourism IPO GMP Overview: Waterways Leisure Tourism IPO worth ₹1614.67 Cr shares will open for subscription from 23 Jun to 25 Jun 2026. Waterways Leisure Tourism allotment is expected on 29 Jun and shares are likely to be listed on BSE & NSE on 1 July 2026. Price band for Waterways Leisure Tourism IPO set between ₹769 - ₹808.

Waterways Leisure Tourism IPO: Waterways Leisure Tourism operates in the cruise tourism and hospitality sector under its flagship brand, Cordelia Cruises, India's only premium cruise line. The company is set to launch its ₹614.67 crore IPO in June, and the issue is entirely a fresh issue. Here are all the key details of the Waterways Leisure Tourism IPO.

Waterways Leisure Tourism IPO Details

Here are the key dates and important details investors should know about the upcoming IPO in June 2026.

  • Waterways Leisure Tourism IPO is worth ₹614.67 cr and is an entirely fresh issue.

  • Waterways Leisure Tourism ipo will open for subscription on 23 Jun 2026 and close on 25 Jun 2026. And the price band is set between ₹769 to ₹808

  • Waterways Leisure Tourism IPO’s allotment is likely to take place on 29 Jun 2026 and the shares are expected to be listed on BSE and NSE on 1 July 2026.

  • Promoters currently hold 99.27%, which will come down to 89.35% after IPO listing.

  • The company will use ₹552.53 crore for lease-related payments through its subsidiary and the remaining amount for general corporate purposes.

  • MUFG Intime India will be the registrar for Waterways Leisure Tourism IPO.

Parameter

Detail

IPO Open Date

23 Jun 2026

IPO Close Date

25 June 2026

Expected Allotment Date

29 June 2026

Expected Listing Date

1 July 2026 (BSE & NSE)

Price Band

₹769 to ₹808 per share

Lot Size

18 shares

Minimum Investment

₹13,842

Fresh Issue

₹614.67 crore

Offer for Sale (OFS)

-

Total Issue Size

₹614.67 crore

Waterways Leisure Tourism IPO Subscription Day 3

Overall, Waterways Leisure Tourism IPO subscribed 0.20 times on Day 1, as of 6:15 PM.

Overall, Waterways Leisure Tourism IPO subscribed 0.54 times on Day 2, as of 6:30 PM.

Overall, Waterways Leisure Tourism IPO subscribed 1.53 times on Day 3, as of 5:50 PM.

Date

QIB (Ex Anchor)

NII

Retail

Total

23 June (Day 1)

0.00

0.04

1.06

0.20

24 June (Day 2)

0.00

0.33

2.49

0.54

25Jun (Day 3)

0.72

1.23

4.40

1.53

Source:  NSE., as of 5:50 PM, 25 June

Waterways Leisure Tourism IPO GMP Today

Waterways Leisure Tourism IPO GMP today (26 June 2026) is -₹36 down, as per investor gain website, indicating 4.46% discount in the grey market. GMP figures change daily based on market sentiment and demand for the IPO.

GMP figures are for news purposes only. We neither trade nor recommend trading in grey market.

Investors should note grey market premium is unofficial & not regulated by SEBI. GMP only reflects informal market trends and should not be considered a guaranteed indicator of listing gains.

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About Waterways Leisure Tourism IPO

Waterways Leisure Tourism operates Cordelia Cruises, India's only premium cruise line. The company offers cruise holidays across popular Indian destinations such as Mumbai, Goa, Kochi, Chennai, Lakshadweep, Visakhapatnam, and Puducherry. 

It has also expanded to international destinations, including Sri Lanka, Thailand, Singapore, and Malaysia. Through Cordelia Cruises, the company aims to provide a cruise experience to Indian travellers with a mix of entertainment, hospitality, dining, and onboard activities.

Waterways Leisure Tourism IPO Reservation

For Waterways Leisure Tourism IPO, 10% of the issue has been reserved for retail investors. The table below shows the allocation across different investor categories.

Investor Category

Shares Offered

QIB Investors

75%

Retail Investors

10%

NII (HNI) Investors

15%

Waterways Leisure Tourism IPO Lot Size

Retail investors can apply for a minimum of 1 lot, which includes 18shares costing ₹14,544 Maximum investment allowed for retail investors is 13 lots, which totals shares and costs ₹1,89,072

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

1,224

₹9,88,992

B-HNI (Min)

69

1,242

₹10,03,536

Waterways Leisure Tourism IPO Financial Performance

Waterways Leisure Tourism IPO reported a PAT of ₹52 Cr as of 31 March 2026, and in FY25 reported ₹168 Cr. Over the past 3 years, the company’s PAT and PAT margin have been fluctuating. All financial details are provided in the table below.

Period Ended

31 Mar 2026

31 Mar 2025

31 Mar 2024

Revenue from Ops (₹ Cr)

579.74

590.60

444.10

Total Income (₹ Cr)

586.99

597.68

452.15

EBITDA (₹ Cr)

117.48

215.46

111.14

EBITDA Margin (times)

0.20

0.36

0.25

PAT (₹ Cr)

52.14

168.18

(122.73)

PAT Margin  (times)

0.09

0.28

(0.27)

ROE  (times)

0.92

3.94

2.17

ROCE  (times)

1.14

5.03

0.62

Debt-to-Equity Ratio (times)

1.27

0.93

(0.04)

Source: Waterways Leisure Tourism IPO RHP

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Waterways Leisure Tourism IPO Peer Comparison from RHP

Waterways Leisure Tourism IPO has lower EPS than its peers. Higher EPS is always considered better. Below is a brief comparison of Waterways Leisure Tourism IPO.

Company

Total Revenue for March 2026

(₹ in cr)

EPS (Diluted, ₹)

P/E as on April30, 2026

Waterways Leisure Tourism IPO

579.74

8.02

-

Chalet Hotels

2769.75

29.46

25.73

Lemon Tree

Hotels

1444.45

2.87

40.98

Juniper

Hotels

1047.68

6.36

31.90

Samhi Hotels

1247.71

25.47

6.19

Taj GVK

Hotels &

Resorts

508.45

65.3

4.97

Wonderla

Holidays

518.77

12.83

40.98

Imagicca

World

Entertainment

373.85

0.01

4,544

As of 31 March 2026 

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