Waterways Leisure Tourism IPO Subscription Status Day 2: Retail Demand Remains Strong, Issue Subscribed 0.32 Times

Mumbai, June 24: Retail investors continued to anchor demand for the Waterways Leisure Tourism IPO on the second day of bidding on Wednesday, helping the issue improve from its Day 1 subscription levels. While institutional investors largely remained on the sidelines, healthy participation from individual investors pushed the overall subscription to 0.32 times by 10:59 AM on June 24.

The ₹585 crore public issue received bids for 12,59,496 shares against 39,82,054 shares available for subscription. The retail portion was subscribed 1.53 times, making it the only segment to cross the fully subscribed mark at this stage of the offer.

Although subscription levels remain modest overall, the latest figures indicate a gradual increase in investor participation compared with the opening day. Non-institutional investors also showed some improvement in activity, while Qualified Institutional Buyers (QIBs), excluding anchor investors, were yet to place significant bids.

Waterways Leisure Tourism IPO Subscription Status Day 2

According to exchange data available on June 24, the retail category attracted bids for 11,10,960 shares against 7,24,010 shares reserved for the segment. The NII category received bids for 1,48,284 shares against 10,86,015 shares on offer.

The category-wise subscription stood as follows:

Retail demand remained the standout feature of the issue, while the NII segment continued to build gradually. Institutional participation is often concentrated towards the final stages of the bidding process, making the next session important for overall subscription momentum.

Retail Investors Continue To Drive Demand

The latest subscription data suggests that the issue is currently being supported primarily by retail investors. The retail quota had already crossed the one-time mark on the opening day and strengthened further on Day 2.

Demand from small investors has remained steady despite the relatively higher application amount compared with many SME offerings. The category’s subscription level indicates continued interest in the issue even before the final bidding day.

On the other hand, the NII category remained under-subscribed. Within the segment, sNII bids stood at 0.27 times while bNII bids were at 0.07 times.

Day-Wise Subscription Trend

Subscription levels improved from the first day of bidding.

The overall subscription moved from 0.20 times on Day 1 to 0.32 times on Day 2, supported by higher retail participation and a gradual rise in NII bids.

Waterways Leisure Tourism IPO Details

Waterways Leisure Tourism IPO is a book-built public issue aggregating up to ₹585 crore. The issue consists entirely of a fresh issue of 72,40,099 equity shares.

The company has fixed the price band at ₹769 to ₹808 per share. Investors can apply for a minimum lot of 18 shares.

At the upper end of the price band, the minimum investment required for retail investors is ₹14,544. For sNII investors, the minimum application size is 252 shares, while bNII investors must apply for at least 1,242 shares.

Issue Structure

• Fresh Issue: 72,40,099 equity shares aggregating up to ₹585 crore

Waterways Leisure Tourism IPO Reservation Details

The issue has been divided among investor categories as follows:

• QIB Portion: 54,30,074 shares (75.00%)
• NII Portion: 10,86,015 shares (15.00%)
• Retail Portion: 7,24,010 shares (10.00%)

Ahead of the IPO opening, the company allotted 32,58,045 shares to anchor investors.

Waterways Leisure Tourism IPO Timeline

• IPO Opening Date: June 23 2026
• IPO Closing Date: June 25 2026
• Expected Allotment Date: June 29 2026
• Refund Initiation: June 30 2026
• Credit of Shares: June 30 2026
• Tentative Listing Date: July 1 2026

About Waterways Leisure Tourism

Waterways Leisure Tourism operates in the cruise tourism segment and is associated with the Cordelia Cruises brand. The company is engaged in providing cruise-based leisure travel experiences and is seeking to raise capital through the public issue to support its growth plans.

Conclusion

Waterways Leisure Tourism IPO witnessed an improvement in subscription levels on the second day of bidding, largely due to strong retail participation. While the retail quota remained comfortably subscribed, NII demand is still developing and QIB participation is yet to emerge. With the issue set to close on June 25, investors will be closely watching whether institutional demand picks up and helps improve the overall book before the final day concludes.

Source:

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