Waterways Leisure Tourism IPO Subscribed 1.53 Times on Day 3

Waterways Leisure Tourism Limited's initial public offering (IPO) closed its three-day subscription window at 1.53 times overall subscription by 5:04 PM on Day 3 (June 25, 2026). The ₹585.00 crore book-build issue, priced at ₹769 to ₹808 per share, received bids for 60,93,882 shares against 39,82,054 shares on offer, with total applications reaching 1,15,470.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Subscription Status of Waterways Leisure Tourism IPO

Here are the subscription details for Waterways Leisure Tourism IPO Day 3, as of 5:04 PM:

Key Highlights – Day 3

• Overall subscription crossed full subscription at 1.53 times on the final day, surging from Day 2's 0.54 times, driven by a sharp last-day improvement across all categories.
• Retail investors led strongly at 4.40 times, improving from Day 2's 2.49 times, remaining the standout category throughout this domestic ocean cruise operator IPO.
• Non-institutional investors crossed full subscription at 1.23 times, surging from Day 2's 0.33 times, with sNII at 1.83 times against bNII's 0.94 times which remained below full subscription.
• Qualified institutional buyers (ex-anchor) improved to 0.72 times from no participation on Days 1 and 2, entering meaningfully only on the closing day.

Key Highlights – Day 2

• Overall subscription reached 0.53 times, improving from Day 1's 0.20 times, driven by continued retail demand building on Day 2.
• Retail investors improved to 2.44 times from Day 1's 1.06 times, remaining the only category with full subscription in this domestic ocean cruise operator IPO.
• Non-institutional investors improved to 0.32 times from Day 1's 0.04 times, with sNII at 0.55 times and bNII at 0.21 times, both remaining below full subscription.
• Qualified institutional buyers (ex-anchor) showed effectively no participation on Day 2, with negligible bids recorded.
   

Key Highlights – Day 1

• Overall subscription reached 0.20 times on Day 1 (June 23, 2026), reflecting subdued initial investor interest in this domestic ocean cruise operator IPO.
• Retail investors crossed full subscription at 1.04 times on the opening day, showing the strongest participation among all categories.
• Non-institutional investors showed minimal participation at 0.04 times, with sNII at 0.11 times and bNII at 0.01 times on Day 1.
• Qualified institutional buyers (ex-anchor) showed no participation on Day 1.
• Anchor investors fully subscribed their allocation of ₹263.25 crores on June 22, 2026.

About Waterways Leisure Tourism Limited

Incorporated in November 2020, Waterways Leisure Tourism Limited is one of India's leading domestic ocean cruise operators, operating the cruise vessel MV Empress with 796 cabins and sailing to destinations including Mumbai, Goa, Kochi, Chennai, Lakshadweep, and select international destinations. The company held approximately 79% market share by value in India's domestic ocean cruise industry in fiscal 2025, and as of March 31, 2026, had hosted over 730,000 guests covering more than 321,000 nautical miles. It follows an asset-light model by outsourcing key operations including food and beverage, housekeeping, and entertainment, and plans to expand its fleet with Norwegian Sky and Norwegian Sun.