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Waterways Leisure Tourism Ltd.

LISTED

Mainboard

GMP-

Subscription1.63×Overall

Min. Investment₹13,8421 lot × 18 shares

IPO Details

Issue Size₹58,074.08 Cr

Price Band₹769 – ₹808Per equity share

Lot Size18 SharesMin 1 lot (Retail)

Face Value₹10 / sharePaid-up equity

Total Shares71.87 CrOffered to public

Market Cap₹0.00 CrAt upper price band

QIB Quota1.61%Qualified Inst. Buyers

Retail Quota2.82%Non-inst. investors

IPO Timeline

Issue Opens23 Jun 2026

IPO subscription begins

Issue Closes25 Jun 2026

Last day to apply

Basis of Allotment29 Jun 2026

Allotment finalization

Listing Date1 Jul 2026

Trading begins on BSE & NSE

About & Business

Background
Industry
Promoters

Our Company was originally incorporated as “Waterways Leisure Tourism Private Limited”, a private limited company under the provisions of the Companies Act, 2013 on November 2, 2020, pursuant to a certificate of incorporation dated November 5, 2020, issued by the Registrar of Companies, Delhi and Haryana at New Delhi. Our Company was subsequently converted from a private company to a public company, pursuant to a resolution passed by our Board on February 24, 2025, and by our Shareholders on February 25, 2025, consequent to which the name of our Company was changed to “Waterways Leisure Tourism Limited” and a fresh certificate of incorporation consequent upon conversion to public company was issued by the Registrar of Companies, Central Processing Unit, Manesar on March 12, 2025.

Major Events & Milestones

2021

Commencement of sailing from Mumbai port, post receipt of permission from the Directorate General of Shipping, Mumbai for charting of the foreign flag passenger cruise ship, MV Empress.

2023

Commencement of international cruise sailing by our Company to Hambantota and Trincomalee ports (Sri Lanka).

2024

Leased four new offices in India in Mumbai, Noida, Chennai and Gurugram region, respectively.

2025

Our Subsidiaries entered into Bareboat Charter Agreements with Norwegian Sky Limited and Norwegian Sun Limited, respectively. For details see “- Shareholders’ Agreement and other material agreements” on page 215.

Our Company entered into Time Charter Agreements with Baycruise IFSC for chartering new vessels, namely, “Norwegian Sky” and “Norwegian Sun”, respectively. For details see “-Shareholders’ Agreement and other material agreements” on page 215.

Commencement of international cruise sailing by our Company from Chennai to Singapore

Objectives of the Issue

01Payment towards deposit/ advanced lease rental and monthly lease payments to our step-down subsidiary, Baycruise Shipping and Leasing (IFSC) Private Limited (“Baycruise IFSC”)
02General corporate purposes

Agencies & Documents

Book Running Lead Managers (BRLMs)

Centrum Broking Ltd.

Registrar to the Issue

MUFG Intime India Pvt. Ltd.8108114949

IPO CalculatorListed

Price Band769 – 808Cut-off: ₹808 per share

Closes25 Jun 20265:00 PM IST

Select Lots

1

Shares18 shares

Price per share₹808 (cut-off)

Total Investment₹14,544

Subscription Status

1.63× Overall

Category	Subscribed	Shares Offered
Retail Individual Investors	4.19×	7,60,728
Non Institutional Investors	1.18×	11,41,092
Qualified Institutional Buyers	1.01×	22,82,184

Last updated: 18 Jun 2026, 01:10 PM IST