BSE Link : https://www.bseindia.com/
MUMBAI, JUNE 22, 2026 (GPN): Waterways Leisure Tourism Limited, which is a leading domestic ocean cruise operator in India offering luxurious and inherent Indian experiences, has garnered Rs 263.25 crores from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, June 23, 2026.
The company informed the bourses that it allocated 3,258,045 equity shares at Rs 808 per share to anchor investors.
Some of the marquee institutions that participated in the anchor include Baroda BNP Paribas Mutual Fund, Cullinan Opportunities Fund, Zeal Global Opportunities Fund, M7 Global Fund, Nova Global Opportunities Fund, Stellar Growth Fund, ASAS Global Fund and Maybank Securities.
Centrum Broking Limited is the book-running lead manager, and MUFG Intime India Private Limited is the registrar of the offer.
IPO Details
The IPO is a fresh issue up to Rs 585 crore.
The Initial Public Offering (“IPO” or “Issue”) of the company will open on Tuesday, June 23, 2026, and closing on Thursday, June 25, 2026.
Investors can bid for a minimum of 18 Equity Shares and in multiples of 18 Equity Shares thereafter.
The Offer is being made through the book-building process, wherein at least 75% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 10% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.
The proceeds from the fresh issue to the extent of Rs 480 crores will be for payment towards deposit/ advanced to lease rental and monthly lease payments its step-down subsidiary, Baycruise Shipping and Leasing (IFSC) Private Limited (Baycruise IFSC), while the balance proceeds will be utilized for General Corporate Purposes.
Company Information
The Company currently operates a cruise vessel, the MV Empress, and since its launch, 730,819 guests have sailed on its cruise vessel, which has covered more than 321,292.53 nautical miles along the Indian coastline and surrounding countries as of March 31, 2026. In Fiscal 2025, the company accounted for approximately 79% of the market share in value terms (Source – CRISIL Report). It’s cruise vessel primarily sails to domestic destinations such as Mumbai, Goa, Kochi, Chennai, Lakshadweep, Visakhapatnam and Puducherry.
It offers international itineraries to Hambantota, Trincomalee, and Jaffna (Sri Lanka), Phuket (Thailand), Singapore, Kuala Lumpur and Langkawi (Malaysia). Its itineraries are designed to showcase India’s coastal regions and cultural heritage, providing guests with an enriching travel experience and establishing the Company as the go-to choice for luxury and cultural cruise holidays at sea.
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