Waterways Leisure Tourism Limited
MainboardCORDELIA • NSE
Issue details
Price band
₹769 - ₹808
Lot size
18 shares
Issue size
₹585 Cr
Min. investment
₹14,544
Registrar
MUFG Intime India
Grey market premium
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IPO Timeline
Open
23 Jun
Close
25 Jun
Allotment
26 Jun
Listing
1 Jul
- Refunds & demat credit
- 27 Jun 2026
- Mandate end
- 10 Jul 2026
- Anchor lock-in 50%
- 26 Jul 2026
- Anchor lock-in 100%
- 24 Sep 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative. Anchor lock-in applies only to issues with an anchor allotment.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| RII | 18shares 1 lot · ₹14,544 | 234shares 13 lots · ₹1,89,072 |
| sNII (₹2L–₹10L) | 252shares 14 lots · ₹2,03,616 | 1,224shares 68 lots · ₹9,88,992 |
| bNII (above ₹10L) | 1,242shares 69 lots · ₹10,03,536 | No limit funds permitting |
Based on the upper price band of ₹808 and a lot of 18 shares.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹585 Cr
72,40,099 shares
Shares pre-issue
6,51,54,444
Shares post-issue
7,23,94,543
Reservation
- QIB
- 54,30,076
- NII
- 10,86,014
- Retail
- 7,24,009
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 8 | 7.2 |
| P/E | 100.96 | 112.18 |
| Market cap | ₹5,264.48 Cr. | ₹4,836.68 Cr |
| 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% |
| NAV | 12.31 |
| Price to Book Value | 65.64 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| 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 | 80.2 | 32.78 | -118.07 |
| Assets | 341.78 | 247.37 | 399.2 |
| Reserves & surplus | 15.05 | -31.9 | -182.75 |
| Total borrowing | 101.9 | 30.44 | 5.18 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 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 Cr
- 2.General Corporate Purposes₹76.63 Cr
- 3.Issue Expenses₹28.36 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| UHM Vacation Ltd.SME | ₹166 | 11.32 | ₹126.20 | -23.98% |
| Western Overseas Study Abroad Ltd.SME | ₹56 | 10.67 | ₹52.16 | -6.86% |
| Helloji Holidays Ltd.SME | ₹118 | 14.07 | ₹123.90 | +5.00% |
| LGT Business Connextions Ltd.SME | ₹107 | 14.38 | ₹81.35 | -23.97% |
| TSC India Ltd.SME | ₹70 | 15.44 | ₹71.40 | +2.00% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.