Waterways Leisure Tourism launched its initial public offering (IPO) on June 23, offering fresh shares worth ₹585 crore. The subscription window will remain open until June 25, with the price band set between ₹769 and ₹808 per share. The company operates Cordelia Cruises, a prominent domestic ocean cruise brand in India, and has already secured ₹263.25 crore from anchor investors, according to livemint.com.
The IPO is a fresh issue of shares aimed at raising capital to expand Waterways Leisure Tourism's operations. The company fixed the price band at ₹769-808 per share, reflecting investor interest and market conditions. The subscription period spans three days, from June 23 to June 25. Anchor investors have committed ₹263.25 crore ahead of the public subscription, indicating strong institutional support, as reported by thehindubusinessline.com.
This IPO comes at a time when the Indian leisure and tourism sector is witnessing renewed investor interest. Waterways Leisure Tourism's focus on ocean cruises positions it uniquely in the domestic market, which has limited players in this segment. The ₹585 crore fresh issue is among the notable offerings in the tourism sector this year, reflecting growing confidence in experiential travel and leisure services within India, according to livemint.com.
The Waterways Leisure Tourism IPO subscription closes on June 25, after which the company will finalize allotments and list on stock exchanges. The ₹263.25 crore anchor investor commitment underscores institutional confidence ahead of the public subscription, per livemint.com.