Waterways Leisure Tourism IPO
IPO Listing Details
- Listing Date
01 Jul 2026
- Listing Price
₹690.00
- Listing Change
-14.60%
- Last Traded Price
₹787.65
Waterways Leisure Tourism IPO Details
-
Open Date
23 Jun 2026
-
Close Date
25 Jun 2026
- IPO Price Range
₹ 769 to ₹808
- IPO Size
₹ 585.00 Cr
Waterways Leisure Tourism IPO Timeline
Waterways Leisure Tourism IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 23-June-2026 | 0.00 | 0.04 | 1.05 | 0.20 |
| 24-June-2026 | 0.00 | 0.33 | 2.46 | 0.54 |
| 25-June-2026 | 0.72 | 1.23 | 4.40 | 1.53 |
Last Updated: 25 June 2026 5:39 PM by 5paisa
Waterways Leisure Tourism Limited is one of India’s leading domestic ocean cruise operators, offering premium cruise experiences that blend Indian hospitality, culture, cuisine, and entertainment. Operating the MV Empress, the company serves destinations across India and select international routes. As of March 31, 2026, it had welcomed over 730,000 guests and held a 79% market share by value in India’s domestic cruise industry. Its asset-light model and planned fleet expansion with Norwegian Sky and Norwegian Sun support future growth.
Established in: 2020
Managing Director: Jurgen Bailom
Waterways Leisure Tourism Objectives
1. Payment towards deposit/ advanced lease rental and monthly lease payments to stepdown subsidiary, Baycruise Shipping and Leasing (IFSC) Pvt.Ltd. (₹480.00 Cr)
2. General Corporate Purposes
Waterways Leisure Tourism IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹585.00 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹585.00 Cr |
Waterways Leisure Tourism IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹13,842 |
| Retail (Max) | 13 | 234 | ₹1,89,072 |
| S - HNI (Min) | 14 | 252 | ₹1,93,788 |
| S - HNI (Max) | 68 | 1,224 | ₹9,88,992 |
| B - HNI (Min) | 69 | 1,242 | ₹9,55,098 |
Waterways Leisure Tourism IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 0.72 | 21,72,029 | 15,65,262 | 126.473 |
| Non-Institutional Buyers | 1.23 | 10,86,015 | 13,40,730 | 108.331 |
| BNII | 0.94 | 7,24,010 | 6,79,212 | 54.880 |
| SNII | 1.83 | 3,62,005 | 6,61,518 | 53.451 |
| Individual Investors (IND category bidding for 2 Lots) | 4.40 | 7,24,010 | 31,87,908 | 257.583 |
| Total** | 1.53 | 39,82,054 | 60,93,900 | 492.387 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 444.06 | 590.61 | 579.75 |
| EBITDA | 111.15 | 215.46 | 117.48 |
| PAT | -122.73 | 168.19 | 52.14 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 399.20 | 247.37 | 341.78 |
| Share Capital | 64.68 | 64.68 | 65.15 |
| Total Liabilities | 517.27 | 214.59 | 341.78 |
| Cash Flows (₹ Crores) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 230.07 | 129.67 | -96.44 |
| Net Cash Generated From / (used in) Investing Activities | -74.52 | -66.02 | 10.48 |
| Net Cash Generated From / (used in) Financing Activities | -146.33 | -47.99 | 58.63 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 9.21 | 15.66 | -27.33 |
Strengths
1. Extensive coastline supports domestic and international cruises.
2. Rising middle class boosts cruise travel demand.
3. Growing disposable incomes support premium holiday spending.
4. Government initiatives encourage cruise tourism sector growth.
Weaknesses
1. Cruise holidays remain a niche travel segment.
2. Limited port infrastructure restricts industry expansion.
3. Taxation and regulations may hinder sector growth.
4. High capital requirements can pressure profitability margins.
Opportunities
1. Indian cruise market remains largely underpenetrated today.
2. Government infrastructure investments support long-term growth.
3. Rising global cruise demand benefits Indian operators.
4. Experiential travel trends could accelerate cruise adoption.
Threats
1. Regulatory changes may affect profitability and expansion.
2. Alternative holidays enjoy stronger consumer awareness.
3. Competition from established Asian cruise destinations intensifies.
4. Visa policy changes could impact international itineraries.
1. Market leader in India’s domestic cruise segment.
2. Strong brand with established customer recognition.
3. Asset-light model supports scalability and efficiency.
4. Positioned to benefit from industry growth.
India’s cruise tourism industry remains at an early stage of development, offering significant long-term growth potential driven by rising disposable incomes, increasing preference for experiential travel, and supportive government initiatives. Waterways Leisure Tourism is well positioned to benefit from these trends through its strong market presence, established brand, extensive domestic and international itineraries, and asset-light operating model. Planned fleet expansion and growing consumer awareness are expected to further strengthen its growth prospects.
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FAQs
Waterways Leisure Tourism IPO opens from June 23, 2026, to June 25, 2026.
The size of the Waterways Leisure Tourism IPO is ₹585.00 Cr.
The price band of Waterways Leisure Tourism IPO is ₹769 to ₹808.
To apply for Waterways Leisure Tourism IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for theWaterways Leisure Tourism. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Waterways Leisure Tourism IPO is 18 shares and minimum investment is ₹ 13,842.
The share allotment date of Waterways Leisure Tourism IPO is June 29, 2026
The Waterways Leisure Tourism IPO will likely be listed on July 1, 2026.
Centrum Capital Ltd is the book running lead managers for Waterways Leisure Tourism IPO.
Waterways Leisure Tourism IPO plans to utilise the raised capital from the IPO for:
1. Payment towards deposit/ advanced lease rental and monthly lease payments to stepdown subsidiary, Baycruise Shipping and Leasing (IFSC) Pvt.Ltd. (₹480.00 Cr)
2. General Corporate Purposes