Bookbuilding IPO | ₹727 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Waterways Leisure Tourism Ltd. on September 26, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Waterways Leisure Tourism Ltd. IPO is a Book Build Issue of ₹727.00 crores consisting solely of fresh issue of shares with no offer for sale component.
The equity shares are proposed to be listed on NSE and BSE. Centrum Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Waterways Leisure Tourism IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹727 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹727 Cr) |
| Share Holding Pre Issue | 6,51,54,444 shares |
| Share Holding Post Issue | 6,51,54,444 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Jun 17, 2025 |
| SEBI/Exchange approval received | Fri, Sep 26, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Issue |
| Retail Shares Offered | Not more than 10% of the Issue |
| NII Shares Offered | Not more than 15% of the Issue |
Waterways leisure tourism operates in cruise tourism and hospitality under its flagship brand Cordelia Cruises — India’s only premium cruise line.
It currently operates "MV Express" cruise vessel, primarily sails to domestic destinations like Mumbai (Maharashtra), Goa, Kochi (Kerala), Chennai (Tamil Nadu), Lakshadweep, Visakhapatnam (Andhra Pradesh), and Puducherry.
It also offer international itineraries, including Hambantota, Trincomalee, and Jaffna (Sri Lanka) and have also sold cruise tickets for our first-time sail to destinations such as Phuket (Thailand), Singapore, Kuala Lumpur and Langkawi (Malaysia).
WLTPL offers a vibrant cruise culture, blending international standards with Indian tastes — spanning across cuisine, hospitality, entertainment, etc.
Competitive strengths
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 243.79 | 327.93 | 307.02 | 57.80 |
| Total Income | 414.21 | 450.20 | 486.22 | 136.75 |
| Profit After Tax | 139.25 | -119.96 | 55.31 | -114.98 |
| NET Worth | 24.38 | -114.77 | 5.19 | -114.85 |
| Reserves and Surplus | -40.26 | -179.51 | -59.55 | -114.87 |
| Total Borrowing | 4.40 | 73.51 | ||
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment towards deposit/ advanced lease rental and monthly lease payments to our stepdown subsidiary, Baycruise Shipping and Leasing (IFSC) Private Limited (“Baycruise IFSC”). | 552.53 |
| 2 | General corporate purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 2.19 |
| ROCE | 0.61 |
| RoNW | 218.94% |
| PAT Margin | -0.27% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.27% |
Waterways Leisure Tourism IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹727 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Waterways Leisure Tourism IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Waterways Leisure Tourism IPO using UPI as a payment gateway. Zerodha customers can apply in Waterways Leisure Tourism IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Waterways Leisure Tourism IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Waterways Leisure Tourism IPO dates are not announced. Please check back again after some time.
Waterways Leisure Tourism IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Waterways Leisure Tourism IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Waterways Leisure Tourism IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Waterways Leisure Tourism IPO allotment status.
The Waterways Leisure Tourism IPO listing date is not yet announced. The tentative date of listing is .
