Minimum Investment
About Company
Company Name: Waterways Leisure Tourism Limited
Industry / Sector: Cruise / Hospitality / Leisure Tourism
Founded Year: 2020
Promoters: Global Shipping and Leisure Limited, Rajesh Chandumal Hotwani
Waterways Leisure Tourism Limited is one of India’s leading domestic ocean cruise operators, operating under the brand Cordelia Cruises. The company offers luxury cruise experiences focused on Indian culture, hospitality, entertainment, and cuisine. It operates the cruise vessel MV Empress (796 cabins) and plans to add Norwegian Sky and Norwegian Sun to its fleet. The company holds approximately 79% market share in India’s domestic ocean cruise industry.
IPO Basic Details
| Company Name | Waterways Leisure Tourism Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹769 – ₹808 |
| Lot Size | 18 |
| Total Issue Size | ₹585.00 Cr (72,40,099 shares) |
IPO Strengths & Risks
Strengths
- Leading market share (~79%) in domestic ocean cruises
- Strong direct booking channel
- Asset-light operating model
- Unique India-focused cruise experience
- Fleet expansion plans
Risks
- High dependence on tourism sector recovery
- High capital-intensive business
- Seasonal nature of cruise business
IPO Important Dates
| IPO Open Date | 23 Jun 2026 |
| IPO Close Date | 25 Jun 2026 |
| Basis of Allotment | 29 Jun 2026 |
| Refund Initiation | 30 Jun 2026 |
| Demat Credit Date | 30 Jun 2026 |
| Listing Date | 01 Jul 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance amount
Investor Reservation
| QIB Quota | Not less than 75% |
| Retail Quota | Not more than 10% |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 lot | 18 | ₹14,544 |
| Retail Maximum | - | - | - |
| S-HNI Minimum | 14 lots | 252 | ₹2,03,616 |
| S-HNI Maximum | - | - | - |
| B-HNI Minimum | 69 lots | 1242 | ₹10,03,536 |
Key Performance Indicators (KPI)
| ROE | 0.92% (Mar 31, 2026) |
| ROCE | 1.14% (Mar 31, 2026) |
| RoNW | - |
| PAT Margin | 0.09% (Mar 31, 2026) |
| EBITDA Margin | 0.20% (Mar 31, 2026) |
| EPS | - |
| NAV per share | - |
| Debt to Equity | 1.27 (Mar 31, 2026) |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 31 Mar 2026 | 341.78 Cr | 586.99 Cr | 52.14 Cr | 117.48 Cr | 80.20 Cr | 101.90 Cr |
| 31 Mar 2025 | 247.37 Cr | 597.68 Cr | 168.19 Cr | 215.46 Cr | 32.78 Cr | 30.44 Cr |
| 31 Mar 2024 | 399.20 Cr | 452.15 Cr | -122.73 Cr | 111.15 Cr | -118.07 Cr | 5.18 Cr |
Grey Market Premium
| GMP Price | N/A (pre-listing) |
| Kostak Rate | N/A |
| Subject to Sauda | N/A |
| Last Updated | Jun 2026 |
| Estimated Listing Price | N/A |
IPO Subscription Data
| Total Subscription | Pending (IPO opens 23 Jun 2026) |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: MUFG Intime India Pvt. Ltd.
Registrar Website: https://in.mpms.mufg.com
IPO Lead Manager(s)
Company Information
Address: A-1601, Marathon Futurex, NM Joshi Marg, Lower Parel, Delisle Road, Mumbai, Maharashtra 400013
Website: https://www.cordeliacruises.com/
Email: cs@waterways-leisure.com
Phone: +91 022 71541821
IPO Documents
Frequently Asked Questions (FAQ)
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