Waterways Leisure Tourism IPO Day 3: Retail Investors Lead Demand As ₹585 Crore Issue Closes Today

Mumbai, June 25: Subscription window for the Waterways Leisure Tourism IPO enters its final day today, with investors having until the close of market hours to place their bids. The ₹585 crore mainboard public issue has seen steady interest from retail investors over the past three days, although institutional participation remains subdued at the latest update.

According to exchange data available at 10:44 AM on June 25, the IPO was subscribed 0.68 times overall. Retail investors have emerged as the strongest participants, subscribing to their reserved portion nearly three times, while demand from the Non-Institutional Investor (NII) category remains below the one-time mark. Qualified Institutional Buyers (QIBs), excluding anchor investors, are yet to show meaningful participation.

As is often the case with large public offerings, subscription levels can change significantly during the final hours of bidding, making today’s activity crucial for the overall response.

Waterways Leisure Tourism IPO Day 3 Subscription Status

The latest bidding data shows investors have applied for 27.05 lakh shares against 39.82 lakh shares available for subscription, taking the overall subscription to 0.68 times.

Category-wise subscription as of 10:44 AM:

• Overall: 0.68x
• Retail Individual Investors (RII): 2.99x
• Non-Institutional Investors (NII): 0.49x
• bNII: 0.34x
• sNII: 0.81x
• QIB (Ex-Anchor): 0.00x

The issue had received 71,871 applications at the time of the latest update.

Retail participation continues to be the biggest positive for the issue, while investors will closely monitor whether institutional demand picks up before bidding closes later today.

Issue Details

Waterways Leisure Tourism plans to raise ₹585 crore through an entirely fresh issue of 72.40 lakh equity shares. Since there is no offer for sale, the entire proceeds from the IPO will go to the company for its planned business objectives.

The company has fixed the price band at ₹769 to ₹808 per share.

Price Band and Lot Size

Investors can apply in a minimum lot of 18 equity shares.

• Minimum retail investment: ₹14,544
• Minimum sHNI investment: ₹2,03,616
• Minimum bHNI investment: ₹10,03,536

Applications can be made in multiples of 18 shares thereafter.

Reservation Structure

The issue has been allocated across investor categories as follows:

• QIB: 54,30,074 shares (75%)
• NII: 10,86,015 shares (15%)
• Retail: 7,24,010 shares (10%)

Anchor investors had already participated before the issue opened for public subscription.

Important Dates

• IPO Opens: June 23, 2026
• IPO Closes: June 25, 2026
• Tentative Allotment: June 29, 2026
• Refunds: June 30, 2026
• Shares Credited to Demat Accounts: June 30, 2026
• Tentative Listing: July 1, 2026

About Waterways Leisure Tourism Ltd.

Waterways Leisure Tourism Ltd. operates in India’s premium cruise tourism segment through the Cordelia Cruises brand. The company offers domestic cruise holidays connecting multiple Indian ports and caters to leisure travellers seeking cruise-based vacation experiences.

Over the years, the company has expanded its cruise operations by introducing new itineraries and onboard hospitality offerings. The proceeds from the fresh issue are expected to support its expansion plans, strengthen operations and meet general corporate requirements.

Conclusion

With the subscription window closing today, Waterways Leisure Tourism IPO heads into the final stretch of bidding. Retail investors have shown encouraging interest by subscribing nearly three times their reserved quota, while participation from NIIs and QIBs remains relatively muted so far. Market participants will now watch the final subscription figures after the issue closes, followed by the allotment process scheduled for June 29 and the proposed stock market listing on July 1.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/waterways-leisure-ipo-anchor-allocation-report.pdf