Bharat Coking Coal IPO vs Waterways Leisure Tourism IPO

Comparison between Bharat Coking Coal IPO and Waterways Leisure Tourism IPO.

IPO Details

Bharat Coking Coal IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Waterways Leisure Tourism IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Bharat Coking Coal IPO is up to ₹1,068.78 Cr whereas the issue size of the Waterways Leisure Tourism IPO is up to ₹585.00 Cr. The final issue price of Bharat Coking Coal IPO is ₹23.00 per share and of Waterways Leisure Tourism IPO is ₹808.00 per share.

 Bharat Coking Coal IPOWaterways Leisure Tourism IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹21.00 per share₹769.00 per share
Issue Price (Upper)₹23.00 per share₹808.00 per share
Issue Price (Final)₹23.00 per share₹808.00 per share
Discount (Retail)
Discount (Employee)₹1.00 per share
Market Lot Size600 shares18 shares
Fresh Issue Size0 shares72,40,099 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹585.00 Cr
OFS Issue Size46,57,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹1,068.78 Crup to ₹0.00 Cr
Issue Size Total46,57,00,000 shares72,40,099 shares
Issue Size Total (Amount)up to ₹1,068.78 Crup to ₹585.00 Cr

IPO Timetable

Bharat Coking Coal IPO opens on Jan 09, 2026, while Waterways Leisure Tourism IPO opens on Jun 23, 2026. The closing date of Bharat Coking Coal IPO and Waterways Leisure Tourism IPO is Jan 13, 2026, and Jun 25, 2026, respectively.

 Bharat Coking Coal IPOWaterways Leisure Tourism IPO
Anchor Bid DateJan 08, 2026Jun 22, 2026
Issue OpenJan 09, 2026Jun 23, 2026
Issue CloseJan 13, 2026Jun 25, 2026
Basis Of Allotment (Tentative)Jan 14, 2026Jun 29, 2026
Initiation of Refunds (Tentative)Jan 15, 2026Jun 30, 2026
Credit of Share (Tentative)Jan 15, 2026Jun 30, 2026
Listing date (Tentative)Jan 19, 2026Jul 01, 2026
Anchor Lockin End date 1Feb 12, 2026Jul 28, 2026
Anchor Lockin End date 2Apr 13, 2026Sep 26, 2026

Financials & KPIs

Bharat Coking Coal IPO P/E ratio is 8.64, as compared to Waterways Leisure Tourism IPO P/E ratio of 100.96.

 Bharat Coking Coal IPOWaterways Leisure Tourism IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets18,711.1317,283.4814,727.7313,312.86
Total Income6,311.5114,401.6314,652.5313,018.57
Profit After Tax123.881,240.191,564.46664.78
EBITDA459.932,356.062,493.89891.31
NET Worth5,830.896,551.235,355.473,791.01
Reserves and Surplus1,006.521,805.73664.72-853.10
Total Borrowing1,559.13
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Waterways Leisure Tourism Ltd.'s revenue decreased by 2% and profit after tax (PAT) dropped by 69% between the financial year ending with March 31, 2026 and March 31, 2025.

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets341.78247.37399.20
Total Income586.99597.68452.15
Profit After Tax52.14168.19-122.73
EBITDA117.48215.46111.15
NET Worth80.2032.78-118.07
Reserves and Surplus15.05-31.90-182.75
Total Borrowing101.9030.445.18
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10099.27
Promoter Shareholding (Post-Issue)9089.35
P/E Ratio8.64100.96
Market Cap₹10711.10 Cr.₹5849.48 Cr.
ROE0.92
ROCE30.131.14
Debt/Equity1.27
EPS₹2.66₹8.00
RoNW20.8392.70

Shares Offered

In the Bharat Coking Coal IPO Retail Individual Investors (RII) are offered 13,85,45,750 shares while in Waterways Leisure Tourism IPO retail investors are offered 13,85,45,750 shares. Qualified Institutional Buyers (QIB) are offered 7,91,69,000 shares in Bharat Coking Coal IPO and 21,72,031 shares in Waterways Leisure Tourism IPO.

 Bharat Coking Coal IPOWaterways Leisure Tourism IPO
Anchor Investor Reservation11,87,53,500 shares32,58,045 shares
Market Maker Reservation0 shares0 shares
QIB7,91,69,000 shares21,72,031 shares
NII5,93,76,750 shares10,86,014 shares
RII13,85,45,750 shares7,24,009 shares
Employee2,32,85,000 shares0 shares
Others
Total46,57,00,000 shares72,40,099 shares

Bids Received (Subscription)

Bharat Coking Coal IPO subscribed 107.17x in total, whereas Waterways Leisure Tourism IPO subscribed 0.84x.

 Bharat Coking Coal IPOWaterways Leisure Tourism IPO
QIB (times)310.81x0.72x
NII (times)240.49x1.23x
Big NII (times)275.64x0.94x
Small NII (times)222.78x1.83x
RII (times)49.37x4.40x
Employee (times)5.17x
Other (times)
Total (times)107.17x0.84x

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