Waterways Leisure Tourism IPO Details, Financials, Valuation & Peers
Explore Waterways Leisure Tourism IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Waterways Leisure Tourism (WLTPL) operates within the cruise tourism and hospitality sector, under its flagship brand, Cordelia Cruises, which is identified as India's sole premium cruise line.
The company's primary product is cruise tourism, currently utilizing the "MV Express" vessel. WLTPL offers both domestic itineraries, including destinations such as Mumbai, Goa, Kochi, Chennai, Lakshadweep, Visakhapatnam, and Puducherry, and international itineraries to locations like Hambantota, Trincomalee, and Jaffna in Sri Lanka, as well as Phuket, Singapore, Kuala Lumpur, and Langkawi.
WLTPL's industry focus is on cruise tourism and hospitality in India, aiming to blend international standards with Indian tastes across cuisine, hospitality, and entertainment.
Key highlights include:
- Pioneering and well-positioned status in India's ocean cruise tourism.
- A cruise experience tailored for India with diverse amenities.
- Optimization of margins through significant direct bookings.
- Outsourcing of critical cruise operations to enhance efficiency and scalability.
- Financial growth attributed to a seasoned management team.
Objects of the Issue
- Payment towards deposit/ advanced lease rental and monthly lease payments to stepdown subsidiary, Baycruise Shipping and Leasing (IFSC) Pvt.Ltd. (Baycruise IFSC).
- General Corporate Purposes
- Total
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 23 Jun - 25 Jun 2026 |
| IPO Price Band | ₹769 - ₹808 per share |
| Fresh Issue | ₹585.00 crore |
| Offer For Sale | NIL |
| Total IPO Size | ₹585.00 crore |
| Face Value | ₹10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 23 Jun 2026 |
| IPO Closing Date | 25 Jun 2026 |
| Basis Of Allotment | 29 Jun 2026 |
| Refunds | 30 Jun 2026 |
| Demat Transfer | 30 Jun 2026 |
| IPO Listing Date | 01 Jul 2026 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|
| Assets | 399.20 | 247.37 | 341.78 |
| Total Income | 452.15 | 597.68 | 586.99 |
| Profit After Tax | -122.73 | 168.19 | 52.14 |
| EBITDA | 111.15 | 215.46 | 117.48 |
| NET Worth | -118.07 | 32.78 | 80.20 |
| Reserves and Surplus | -182.75 | -31.90 | 15.05 |
| Total Borrowing | 5.18 | 30.44 | 101.90 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|
| Waterways Leisure Tourism | 100.75 | 8.02 | 92.7% | 12.31 |
| Imagica World Entertainment | 4544 | 0.01 | 0.1% | 22.16 |
| Wonderla Holidays | 40.98 | 12.83 | 4.64% | 283.33 |
| Taj GVK Hotels & Resorts | 4.97 | 65.31 | 39.48% | 226.37 |
| Samhi Hotels | 6.19 | 25.47 | 34.07% | 98.24 |
| Juniper Hotels | 31.9 | 6.36 | 5.06% | 128.91 |
| Lemon Tree Hotels | 40.98 | 2.87 | 11.73% | 26.25 |
| Chalet Hotels | 25.73 | 29.46 | 19.4% | 168.83 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not less than 75% of the Issue |
| Non-Institutional Investor (NII/HNI) | Not more than 15% of the Issue |
| Retail Individual Investor (RII) | Not more than 10% of the Issue |
Subscription Data from NSE and BSE
As the issue has not yet opened, subscription data is unavailable. However, you can view subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Lead Managers
- 1Motilal Oswal Investment Advisors Ltd.
- 2Intensive Fiscal Services Pvt.Ltd.
- 3Centrum Capital Ltd.
Company Address
Waterways Leisure Tourism Ltd.A-1601, Marathon Futurex,
NM Joshi Marg,
Lower Parel, Delisle Road,
Mumbai, – 400013
Website: https://www.cordeliacruises.com/
Phone: +9102271541821
Email: cs@waterways-leisure.com
FAQs
- What is the issue size of the Waterways Leisure Tourism IPO?The Waterways Leisure Tourism IPO has an issue size of ₹585.00 crore. This includes a fresh issue of ₹585.00 crore and an offer for sale (OFS) of NIL.
- What is the price band of the Waterways Leisure Tourism IPO?The price band for the Waterways Leisure Tourism IPO is ₹769 - ₹808 per share.
- What are the bidding dates for the Waterways Leisure Tourism IPO?The Waterways Leisure Tourism IPO will open for bidding on 23 Jun 2026 and close on 25 Jun 2026.
- What is the allotment date for the Waterways Leisure Tourism IPO?The allotment date for the Waterways Leisure Tourism IPO is 29 Jun 2026.
- What is the listing date for the Waterways Leisure Tourism IPO?The listing date for the Waterways Leisure Tourism IPO is 01 Jul 2026.
- What is the Waterways Leisure Tourism IPO grey market premium?The grey market premium (GMP) for the Waterways Leisure Tourism IPO is currently at ₹54, with an expected listing gain of approximately 6.68%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.