The preliminary public providing (IPO) of Waterways Leisure Tourism managed to scrape via on the final day, because the certified institutional consumers’ portion was subscribed within the late hours of Thursday, the final day of bidding.
The QIB portion was subscribed solely 0.69 time until 4 pm, placing the IPO below stress.
As per the SEBI rule, if the QIB portion is under-subscribed for a loss-making firm, it can’t spill over the QIB portion to retail or HNIs, despite the fact that the non-institutions present extra curiosity.
Nevertheless, the IPO managed to get 100 per cent from QIBs, the newest replace on the exchanges revealed.
The retail investor portion led the demand with subscription of 4.19 instances and the non-institutional investor section was subscribed 1.18 instances.
Forward of the difficulty opening, Waterways Leisure Tourism raised ₹263.25 crore from anchor traders. It included Baroda BNP Paribas Mutual Fund, Cullinan Alternatives Fund, Zeal International Alternatives Fund, M7 International Fund, Nova International Alternatives Fund, Stellar Progress Fund, ASAS International Fund and Maybank Securities.
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The corporate’s ₹585-crore IPO has mounted a value band of ₹769-808 per share. The difficulty comprised completely a contemporary subject of fairness shares, with no offer-for-sale element.
Proceeds from the difficulty might be used in direction of lease funds for its step-down subsidiary, Baycruise Delivery and Leasing (IFSC) Pvt Ltd, in addition to for normal company functions.
Waterways Leisure Tourism operates Cordelia Cruises, India’s home ocean cruise model, providing luxurious cruise experiences throughout home and worldwide locations.
Centrum Broking is the only real book-running lead supervisor to the difficulty, whereas MUFG Intime India is appearing because the registrar.
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Revealed on June 25, 2026
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