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  5. Waterways Leisure Tourism IPO opens: Check subscription status, price band, lot size, objectives and key dates

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Waterways Leisure Tourism IPO opens: Check subscription status, price band, lot size, objectives and key dates

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on June 23, 2026, 08:04 IST

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SUMMARY

The initial share sale of Cordelia Cruises operator Waterways Leisure Tourism seeks to raise ₹585 crore solely via a fresh issuance of shares. There is no offer for sale component.

Shares of Waterways Leisure Tourism will be listed on the NSE and BSE on Juy 1. | Image: cordeliacrusies.com

Shares of Waterways Leisure Tourism will be listed on the NSE and BSE on Juy 1. | Image: cordeliacrusies.com

Cordelia Cruises operator Waterways Leisure Tourism's initial public offering opened for subscription on Tuesday, June 23. The issue will conclude June 25. The price band has been set at ₹769 to ₹808 per share.

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The initial share sale seeks to raise ₹585 crore solely via a fresh issuance of shares. There is no offer for sale component.

The proceeds from the issue will be used towards payment of advanced lease rental and monthly lease payment of the company's step-down unit Baycruise Shipping and Leasing (IFSC) Private Ltd. A portion will also be used for general corporate purposes.

The least investment for a retail investor is 18 shares. The company has set aside 75% of the offer for qualified institutional buyers, 10% for retail investors and 15% for non-institutional investors.

Waterways Leisure Tourism IPO Day 1: Subscription status

The subscription status for the first day of the issue will be available post 10 am.

Before the IPO, the company raised ₹263.25 crore from anchor investors, including Baroda BNP Paribas Mutual Fund, Zeal Global Opportunities Fund, M7 Global Fund, Cullinan Opportunities Fund, Nova Global Opportunities Fund, ASAS Global Fund, Maybank Securities and Stellar Growth Fund.

The company allotted 32.58 lakh shares to eight anchor investors at the upper price band of ₹808 apiece.

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Waterways Leisure Tourism IPO timeline

EventDate
Subscription periodJune 23 to June 25
Basis of allotmentJune 29
Initiation of RefundsJune 30
Credit of Shares to DematJune 30
Listing dateJuly 1

Waterways Leisure Tourism Ltd operates India's domestic ocean cruise brand Cordelia Cruises, providing luxury cruise experiences across domestic and international destinations.

Waterways Leisure Tourism IPO GMP

According to investorgain.com and media reports, unlisted shares of Waterways Leisure Tourism Ltd were trading at ₹820 per share, reflecting a grey market premium (GMP) of 1.49% or ₹12 over the upper price band of ₹808.

Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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