
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
Overall Subscription
1.72x
Total Demand
QIB Multiplier
1.06x
Institutions & Funds
NII / HNI
1.23x
High Net-Worth
Retail (RII)
4.40x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 2,172,029 | 2,307,762 | 1.06x |
| NIB | 1,086,015 | 1,340,730 | 1.23x |
| HNIs(10L +) | 724,010 | 679,212 | 0.94x |
| HNIs (2-10L) | 362,005 | 661,518 | 1.83x |
| RETAIL | 724,010 | 3,187,944 | 4.40x |
| Total | 5,068,069 | 8,177,166 | 1.72x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 40,223 | 112,999 | 2.81x |
| HNIs(10L +) | 2,873 | 512 | 0.18x |
| HNIs (2-10L) | 1,437 | 2,346 | 1.63x |
| Total Applications | 44,533 | 115,857 | 2.60x |
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 Waterways Leisure Tourism Limited IPO aggregate issue size is ₹72,40,099 Crores with an equity price band set at ₹769 to ₹808 per equity share. The retail lot size is 18 shares requiring a minimum capital outlay of approx. ₹14,544.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2026-06-29.