GMP IPO Watch
Waterways Leisure Tourism IPO 2026: Cordelia Cruises Operator Sails Into the Market With ₹585 Crore Issue
Waterways Leisure Tourism IPO has become one of the most discussed mainboard IPOs of June ...
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W
Mainboard IPO
LISTED
NSE, BSE
WATERWAYSLEISURETOURISM
Waterways Leisure Tourism IPO
Waterways Leisure Tourism IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹-127
-15.7%
Est. Listing: ₹681.00
Price Band
₹769 - ₹808
Per equity share
Lot Size
18 Shares
Min Invest: ₹14,544
Issue Size
₹808 Cr
Total Public Offering
Issue Dates
22 June 2026 – 24 June 2026
Bidding period
Subscription
0.65x
Total overall demand
Waterways Leisure Tourism IPO Details
Key facts at a glance| IPO Open Date | 22 June 2026 | IPO Close Date | 24 June 2026 |
|---|---|---|---|
| Basis of Allotment | 28 June 2026 | Listing Date | 30 June 2026 |
| Price Band | ₹769 - ₹808 per share | Face Value | ₹10 per share |
| Market Lot Size | 18 Shares | Min Investment (Retail) | ₹14,544 |
| Total Issue Size | ₹808 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | Mainboard Issue |
| Registrar | TBA | ||
Waterways Leisure Tourism IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 22 June 2026 | Confirmed |
| IPO Close Date | 24 June 2026 | Confirmed |
| Basis of Allotment | 28 June 2026 | Tentative |
| Initiation of Refunds | TBA | Tentative |
| Credit of Shares to Demat | TBA | Tentative |
| IPO Listing Date | 30 June 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 5:00 PM on Closing Day | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Waterways Leisure Tourism IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 18 Shares | ₹14,544 |
| Retail (Max) | 13 Lots | 234 Shares | ₹1,89,072 |
| S-HNI (Min) | 14 Lots | 252 Shares | ₹2,03,616 |
| S-HNI (Max) | 68 Lots | 1,224 Shares | ₹9,88,992 |
| B-HNI (Min) | 69 Lots | 1,242 Shares | ₹10,03,536 |
Waterways Leisure Tourism IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹-127 -15.7%
Estimated Listing Price
₹681.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 25 Jun 2026 | ₹6 | ₹814.00 | +0.74% |
| 24 Jun 2026 | ₹6 | ₹814.00 | +0.74% |
| 23 Jun 2026 | ₹12 | ₹820.00 | +1.49% |
| 22 Jun 2026 | ₹26 | ₹834.00 | +3.22% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Waterways Leisure Tourism IPO Subscription Status
Demand breakdown by investor category
Retail
2.88x
QIB
0.00x
NII / HNI
—
Total
0.65x
About Waterways Leisure Tourism
Waterways Leisure Tourism IPO Reservation & Share Quotas
Waterways Leisure Tourism has allocated its IPO shares among various investor categories in accordance with SEBI regulations applicable to book-built public offerings. The allocation structure aims to ensure balanced participation from institutional investors, high-net-worth individuals, and retail investors.
A major portion of the issue has been earmarked for Qualified Institutional Buyers (QIBs), while separate quotas have been reserved for Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs).
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investors | – Shares | – |
| QIB (Excluding Anchor Portion) | – Shares | 75% |
| Non-Institutional Investors (NII) | – Shares | 15% |
| Retail Individual Investors (RII) | – Shares | 10% |
Waterways Leisure Tourism IPO Anchor Investors
The anchor investor segment of the Waterways Leisure Tourism IPO is scheduled to open before the public subscription period. Anchor participation is generally considered an important indicator of institutional confidence in an upcoming public issue.
Shares allotted under the anchor category are subject to regulatory lock-in requirements. These restrictions prevent immediate selling after listing and help create greater stability during the early trading period.
| Particular | Details |
|---|---|
| Anchor Bidding Date | June 22, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Issue Size | [.] Cr. |
| Lock-in Expiry (50% Shares – 30 Days) | 2026 |
| Lock-in Expiry (Remaining 50% Shares – 90 Days) | 2026 |
Waterways Leisure Tourism IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 23 Jun 2026 |
| IPO Close Date | 25 Jun 2026 |
| Basis of Allotment | 29 Jun 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 01 Jul 2026 |
Note: The timeline for જળમાર્ગ લેઝર ટૂરિઝમ IPO is tentative and subject to change.
Waterways Leisure Tourism Promoters and Shareholding Pattern
Waterways Leisure Tourism is backed by experienced promoters with interests in the shipping, hospitality, and leisure sectors. Their strategic guidance and industry knowledge have contributed to the company’s growth and operational development over the years.
Following the IPO, the promoter shareholding is expected to undergo dilution as new equity shares are issued to public investors. However, the promoter group is likely to remain a significant stakeholder in the company after listing.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Before Issue | 6,51,54,444 | 99.27% |
| Promoter Holding After Issue | – | -% |
Waterways Leisure Tourism Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Waterways Leisure Tourism About the IPO
As of December 31, 2024, Cordelia Cruises, also known as Waterways Leisure Tourism, is the only Indian company operating ocean cruises. The company has been engaged in providing luxury cruises with a blend of authentic Indian experiences that has allowed them to build brand loyalty and win customers by keeping the prices low.
Cordelia Cruises just runs one cruise ship right now, the “MV Empress,” which includes 796 cabins, including suites, mini suites, ocean-view rooms, and interior rooms. There have been 5,49,051 people who have travelled the ship since it was first launched. As of December 31, 2024, the cruise has traveled 2,25,079 nautical miles to major Indian destinations like Mumbai, Goa, Kochi, Chennai, Lakshadweep, Visakhapatnam, and Puducherry, and also to international trips to places like Hambantota, Trincomalee, and Jaffna in Sri Lanka. Cordelia cruise trips have been the preferred choice for giving its guests luxury and a memorable experience.
Waterways Leisure Tourism Company Financial Report
To Be Updated Soon
Waterways Leisure Tourism Company Valuation & Key Performance Indicators
To Be Updated Soon
Waterways Leisure Tourism Peer Group Comparison
To Be Updated Soon
Waterways Leisure Tourism Lead Managers & Merchant Bankers
- Centrum Capital Ltd.
- Intensive Fiscal Services Pvt. Ltd.
- Motilal Oswal Investment Advisors Ltd.
Waterways Leisure Tourism IPO FAQs
Waterways Leisure Tourism IPO opens for subscription on 22 June 2026 and closes on 24 June 2026.
The price band for Waterways Leisure Tourism IPO is set at ₹769.00 to ₹808.00 per share.
The minimum market lot size is 18 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 18 Shares (₹14,544).
The latest Grey Market Premium (GMP) for Waterways Leisure Tourism IPO is ₹-127.00. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Waterways Leisure Tourism IPO is tentatively scheduled for 28 June 2026, and shares are expected to list on the stock exchanges on 30 June 2026.
The registrar details will be confirmed in the official prospectus.
Waterways Leisure Tourism IPO Analysis & Articles
