Waterways Leisure Tourism IPO Allotment Finalized
The highly anticipated allotment for the Waterways Leisure Tourism IPO has been finalized, with investors now able to check the status of their applications. The Mumbai-based cruise operator, known for its Cordelia Cruises, concluded its initial public offering between June 23 and June 25, aiming to raise Rs 585 crore through a fresh issue of shares.
Despite a rebounded market sentiment, the IPO received a muted response, with an overall subscription of just 1.63 times. The Grey Market Premium (GMP) for Waterways Leisure Tourism shares has also seen a sharp decline, now trading at a discount of Rs 30-35 per share, signaling a potentially weak listing when shares debut on July 1.
How to Check Your Allotment Status
Investors who participated in the Waterways Leisure Tourism IPO can verify their allotment status through several online platforms. The registrar to the issue, MUFG Intime India, is responsible for processing applications and managing the allotment process.
Checking via BSE Website
- Visit the official BSE website: https://www.bseindia.com/investors/appli_check.aspx
- Under 'Issue Type,' select 'Equity.'
- From the 'Issue Name' dropdown, choose 'Waterways Leisure Tourism Limited.'
- Enter your application number.
- Input your PAN card ID.
- Complete the 'I am not a Robot' captcha and click 'Search.'
Checking via NSE Website
- Go to the NSE investor portal: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select 'Equity & SME IPO Bid details.'
- Under 'Select Symbol,' choose 'CORDELIA.'
- Enter your PAN No. and Application No.
- Click 'Submit' to view your status.
Checking via Registrar's Website (MUFG Intime India)
- Navigate to the MUFG Intime India web portal: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
- Select 'Waterways Leisure Tourism IPO' from the dropdown menu (this option will appear once allotment is finalized).
- Choose one of three modes: Application number, Demat Account number, or PAN ID.
- In 'Application Type,' select between ASBA and non-ASBA.
- Enter the details corresponding to your chosen mode.
- Fill in the security captcha accurately.
- Click 'Submit.'
IPO Performance and Company Profile
Waterways Leisure Tourism offered its shares in a price band of Rs 769-808, with a lot size of 18 shares. The IPO, an entirely fresh issue of up to 72,40,099 equity shares, attracted bids worth Rs 492 crore from approximately 1.15 lakh applications. The qualified institutional bidders (QIBs) portion was subscribed 1.01 times, while non-institutional investors (NIIs) and retail bidders saw subscriptions of 1.18 times and 4.19 times, respectively.
Incorporated in November 2020, Waterways Leisure Tourism has quickly established itself as a prominent domestic ocean cruise operator in India. The company held nearly 79 percent market share by value in India’s domestic ocean cruise industry in Fiscal 2025, offering luxury cruise experiences focused on Indian culture, hospitality, entertainment, and cuisine.
Centrum Broking served as the sole book-running lead manager for the IPO. Refunds for non-allotted bids are expected by Tuesday, June 30, with the shares slated for listing on both the BSE and NSE on Wednesday, July 1.