How to Check Waterways Leisure Tourism IPO Allotment Status

Incorporated in November 2020, Waterways Leisure Tourism Limited is one of India's leading domestic ocean cruise operators, offering luxury cruise experiences focused on Indian culture, hospitality, entertainment, and cuisine. The company operates the cruise vessel MV Empress, which sails to destinations including Mumbai, Goa, Kochi, Chennai, Lakshadweep, Visakhapatnam, Puducherry, and select international destinations such as Sri Lanka, Thailand, Singapore, and Malaysia.

As of March 31, 2026, over 730,000 guests had sailed on its cruises, covering more than 321,000 nautical miles. The company held approximately 79% market share by value in India's domestic ocean cruise industry in Fiscal 2025. MV Empress features 796 cabins, including suites, ocean-view cabins, and interior staterooms, along with amenities such as restaurants, entertainment shows, casino, spa, fitness centre, swimming pools, gaming arcade, children's academy, and MICE and wedding facilities.

The company follows an asset-light operating model by outsourcing key cruise functions such as food & beverage, housekeeping, crewing, and entertainment. As of March 31, 2026, the company had 245 permanent employees. The company plans to expand its fleet with Norwegian Sky and Norwegian Sun.

Waterways Leisure Tourism IPO is a book build issue of ₹585.00 crore, entirely comprising a fresh issue of 0.72 crore shares aggregating to ₹585.00 crore. The IPO opened on June 23, 2026, and closed on June 25, 2026. The allotment is expected on Monday, June 29, 2026. The share price band was set at ₹769 to ₹808 per share.

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Steps to Check Waterways Leisure Tourism IPO Allotment Status on Registrar Site

• Visit the MUFG Intime India Pvt. Ltd.
• Select "Waterways Leisure Tourism" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Waterways Leisure Tourism IPO Allotment Status on BSE and NSE

• Navigate to the BSE IPO Allotment Status Page and NSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Waterways Leisure Tourism" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Waterways Leisure Tourism IPO subscribed 1.53 times overall. Here is the category-wise breakdown as of 5:04:44 PM on June 25, 2026:

Waterways Leisure Tourism IPO Subscription Status

• QIB Category (Ex Anchor): 0.72 times
• Non-Institutional Investors (NII): 1.23 times
• Retail Investors: 4.40 times

Waterways Leisure Tourism IPO Share Price and Investment Details

The minimum investment required was ₹14,544 for 1 lot (18 shares). The issue raised ₹263.25 crore from anchor investors. The anchor investor lock-in period ends on July 29, 2026 for 50% of shares (30 days) and September 27, 2026 for the remaining shares (90 days). Given the overall subscription of 1.53 times with weak institutional interest at 0.72 times, moderate NII participation at 1.23 times, and strong retail subscription at 4.40 times, the share price listing expectations remain cautious.

Utilisation of IPO Proceeds

The proceeds will be utilised entirely for payment towards deposit/advance lease rental and monthly lease payments to stepdown subsidiary, Baycruise Shipping and Leasing (IFSC) Pvt. Ltd. (₹480.01 crore), and general corporate purposes.

Business Overview

Waterways Leisure Tourism Limited is one of the domestic ocean cruise operators in India, offering luxurious and inherently Indian experiences. Its top line has come to a saturation level as it posted almost static top lines for the last two fiscals. Declined top and bottom lines for FY26 remain a major concern, with revenue dropping 2% and PAT falling 69% year on year. Its debt-equity ratio of 1.27 as of March 31, 2026 raises alarm.

The company demonstrated financial performance with total income of ₹597.68 crore for FY2025, though PAT dropped significantly to ₹52.14 crore in FY2026 from ₹168.19 crore in FY2025. The company benefits from a leading position in domestic ocean cruise operations with strong market share, a pioneering role in India-focused luxury cruise tourism, unique Indian cultural experiences, diverse onboard amenities, a strong direct booking network, and an asset-light model. However, investors should note the pre-issue P/E ratio of 100.96 and Price to Book Value of 65.64.

Check the latest IPO allotment status to stay informed.