
Consumer Discretionary · NSE / BSE
Waterways Leisure Tourism, under its flagship brand Cordelia Cruises, operates India’s only premium cruise line, offering both domestic and international itineraries. Its current vessel, MV Express, primarily sails to domestic destinations including Mumbai, Goa, Kochi, Chennai, Lakshadweep, Visakhapatnam, and Puducherry, while also offering select international cruises to Sri Lanka (Hambantota, Trincomalee, Jaffna) and Southeast Asia (Phuket, Singapore, Kuala Lumpur, Langkawi). The company focuses on providing a vibrant cruise experience that blends international hospitality standards with Indian tastes across cuisine, entertainment, and onboard services.
Price Band
₹769 – ₹808
Issue Size
₹724.01 L Cr
Lot Size
18 shares
GMP
-5.8%
Est. Listing
₹761
at current GMP
Subscribed
1.72x
overall
Open
23 Jun 2026
Close
25 Jun 2026
Allotment
29 Jun 2026
Refund
30 Jun 2026
Demat Credit
1 Jul 2026
Listing
1 Jul 2026
Last updated: 1 Jul 2026
Current Premium
Issue Price (Upper)
₹808
Band: ₹769 – ₹808
Estimated Listing Price
₹761
Upper price + GMP
Lot Size
18 shares
Min investment ₹14,544
Estimated Profit / Lot
₹0
18 × ₹-47
Grey Market Premium trend
-₹47
▲ 0 today
Updated 1 minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 28 Sep 2026 | -₹47 | -5.8% | ₹761 |
| 26 Sep 2026 | -₹47 | -5.8% | ₹761 |
| 25 Sep 2026 | — | -5.2% | ₹766 |
GMP is unofficial market data. Not a guarantee of listing performance.
Waterways Leisure Tourism Limited is bringing an initial public offering (IPO) in the Consumer Discretionary sector with an aggregate issue size of ₹72,40,099 Crores. The shares are offered at a price band of ₹769 to ₹808 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 18 shares (approx. ₹14,544 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-07-01, while un-allotted funds or UPI block mandates will be released on 2026-06-30.
The latest grey market premium for Waterways Leisure Tourism Limited IPO is ₹-47, which indicates an expected listing price of ₹761.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.