Waterways Leisure IPO closes 1.63x subscribed; negative GMP signals discounted July 1 debut
The luxury ocean cruise operator behind MV Empress wrapped its Rs 585 crore IPO with retail demand at 4.19x and overall book at 1.63x in the Rs 769-808 band. Grey market premium has flipped to Rs -35, pointing to a soft listing on July 1 after June 29 allotment.
Waterways Leisure Tourism, an Indian luxury ocean cruise operator with flagship MV Empress, closed its Rs 585 crore IPO subscribed 1.63x with retail at 4.19x. Allotment June 29, listing July 1; GMP turned negative signaling discounted debut.