WATERWAYS LEISURE TOURISM LIMITED
₹ 769 - ₹ 808
23-Jun-2026 - 25-Jun-2026
₹ 14544.00

/ 18 Shares

WATERWAYS LEISURE TOURISM LIMITED

23-Jun-2026 - 25-Jun-2026

₹ 769 - ₹ 808

Price Band

₹ 14544.00

Minimum Investment

18

Bid Lot

7,240,099

Shares

IPO Details

Fresh Issue of Equity Shares aggregating upto Rs.585 Cr

Category % Shares/Amount
QIB 75% 5,430,076 Shares RS.438.75 CR
HNI 1 5% 362,005 Shares RS.29.25 CR @ 1437 FORM 1X
HNI 2 10% 724,009 Shares RS.58.50 CR @ 2873 FORM 1X
Retail 10% 724,009 Shares RS.58.50 CR @ 40223 FORM 1X

BRLMs: Centrum Broking

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
40223 FORM 1X 1437 FORM 1X 2873 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 18 ₹ 14,544
Retail (Upto 2 Lakh) 13 234 ₹ 189,072
S-HNI (2 Lakh to 10 Lakh) 14 252 ₹ 203,616
S-HNI (2 Lakh to 10 Lakh) 68 1224 ₹ 988,992
B-HNI (Above 10 Lakh) 69 1242 ₹ 1,003,536

IPO Timeline

  • Open Date

    23-Jun-2026

  • Close Date

    25-Jun-2026

  • Basis of Allotment Date

    29-Jun-2026

  • Initiation of Refunds

    30-Jun-2026

  • Credit Shares to Demat A/c

    30-Jun-2026

  • IPO Listing Date

    01-Jul-2026

About Company

  • q Waterways Leisure Tourism Limited operates as a leading domestic ocean cruise operator in India, focusing on luxury cruise experiences built around Indian culture and hospitality, which drives strong brand loyalty and supports a dominant market share (~79% in FY25). The Company’s operations are centred on its flagship vessel MV Empress, through which it has served 7,30,819 guests and covered over 3,21,292 nautical miles, demonstrating established operating scale and experience.
  • The Company offers cruises across key domestic destinations such as Mumbai, Goa, Kochi, Chennai, Lakshadweep, Visakhapatnam and Puducherry, along with select international routes including Sri Lanka, Phuket, Singapore and Malaysia, strengthening its premium positioning and diversified itinerary offerings. Its vessel provides 796 cabins across multiple categories, supported by a dynamic pricing model, and delivers an immersive experience focused on Indian culture, cuisine and hospitality, supported by diverse dining options (including Jain food) and curated entertainment such as Bollywood-themed shows.
  • The business model emphasizes comprehensive onboard offerings, including casino, spa, fitness, gaming and MICE/wedding services, enabling it to cater to leisure, corporate and social event segments.
  • The Company follows a strategic outsourcing model for key functions such as F&B, housekeeping, crewing and entertainment, which enhances operational efficiency, scalability and service quality, while allowing focus on core customer experience and business expansion.
  • A significant strength is its high share of direct bookings (~60%+), which helps reduce commissions, improve margins and enable direct customer engagement, supported by a team of 148 cruise holiday experts.
  • The Company operates in a high-growth and underpenetrated industry, with market size at ?830 crore in FY25, expected to grow to ?1,820–2,250 crore by FY31, driven by rising demand, infrastructure development and increasing preference for experiential travel, while current low penetration (~0.01%) indicates strong long-term growth potential.
  • The Company is well-positioned to capitalize on this opportunity through fleet expansion with Norwegian Sky and Norwegian Sun, along with new itineraries, enhanced dining and upgraded onboard experiences. It also actively contributes to the development of India’s cruise ecosystem, including terminal operations during infrastructure redevelopment, and benefits from an experienced leadership team led by Jurgen Bailom, supporting its growth strategy and industry positioning.
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Strengths

Competitive Strength 

Business Strategies 

Company Promoters

Company Financials

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 341.78 247.37 399.20
Total Income 586.99 597.68 452.15
Profit After Tax 52.14 168.19 -122.73
EBITDA 117.48 215.46 111.15
NET Worth 80.20 32.78 -118.07
Reserves and Surplus 15.05 -31.90 -182.75
Total Borrowing 101.90 30.44 5.18
Amount in ? Crore

Objects of the Issue

Issue Objects                                                                                                                                                                                                                                                            
1 Payment towards deposit/ advanced lease rental and monthly lease payments to stepdown subsidiary, Baycruise Shipping and Leasing (IFSC) Pvt.Ltd. (Baycruise IFSC). 480.01
2 General Corporate Purposes  
  Total 480.01

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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