Waterways Leisure Tourism opens ₹585-cr IPO at ₹769-808 band, anchors commit ₹263 cr
India's leading domestic ocean cruise operator, commanding 79% market share in FY25 with its MV Empress vessel serving 730,819 guests, launches its fresh-issue IPO at a steep P/E of 112.2x FY26. Anchors including Baroda BNP Paribas absorbed 32.58 lakh shares ahead of public subscription.
Waterways Leisure Tourism, India's leading domestic ocean cruise operator with 79% market share and MV Empress vessel, opens ₹585 crore fresh-issue IPO at ₹769-808 band, having raised ₹263 crore from anchors including Baroda BNP Paribas.
Why this matters
Follows June 23 IPO open with muted GMP and 101x P/E caution flags. Reinforces Cordelia Cruises parent's 79% dominance in India's overnight ocean cruise market as it tests public markets.
Retail-company signals steady at 3,469 over 90 days, signaling consistent corporate activity flow.