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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹585.00 Cr |
| Fresh Issue | ₹585.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹769.00-808.00 per share |
| BSE Code | 544802 |
| NSE Code | CORDELIA |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Centrum Broking Ltd. |
| Allotment Status |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 18 shares and in multiples thereof
Waterways Leisure Tourism IPO comprises a total issue size of 72,40,099 shares. Out of which, 54,30,076 (75.00%) are allocated to QIB, 10,86,014 (15.00%) allocated to NII 7,24,009 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 54,30,076 | 75.00% | NA |
| − Anchor Investor Shares Offered | 32,58,045 | 45.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 21,72,031 | 30.00% | NA |
| NII (HNI) Shares Offered | 10,86,014 | 15.00% | NA |
| − bNII > ₹10L | 7,24,009 | 10.00% | 2,873 |
| − sNII < ₹10L | 3,62,005 | 5.00% | 1,436 |
| Retail Shares Offered | 7,24,009 | 10.00% | 40,222 |
| Total Shares Offered | 72,40,099 | 100.00% |
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
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 stepdown subsidiary, Baycruise Shipping and Leasing (IFSC) Pvt.Ltd. (Baycruise IFSC). | 480.01 |
| 2 | General Corporate Purposes | 76.63 |
| 3 | Issue Expenses | 28.36 |
| Total | 585.00 |
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 Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 341.78 | 247.37 | 399.20 |
| Total Income | 586.99 | 597.68 | 452.15 |
| Profit After Tax | 52.14 | 168.19 | -122.73 |
| EBITDA | 117.48 | 215.46 | 111.15 |
| NET Worth | 80.20 | 32.78 | -118.07 |
| Reserves and Surplus | 15.05 | -31.90 | -182.75 |
| Total Borrowing | 101.90 | 30.44 | 5.18 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 0.92% |
| ROCE | 1.14% |
| Debt / Equity | 1.27% |
| RoNW | 92.70% |
| PAT Margin | 0.09% |
| EBITDA Margin | 0.20% |
| Price to Book Value | 65.64 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.00 | 7.20 |
| P/E (x) | 100.96 | 112.18 |
| Promoter Holding | 99.27% | 89.35% |
| Market Cap | ₹5849.48 Cr. | |
