Waterways Leisure Tourism Rs 585 Crore IPO From June 23
Company has fixed the price band of Rs 769 to Rs 808 per equity share of Rs 10 face value for its maiden initial public offer.
Mumbai : Waterways Leisure Tourism announced Rs 585 crore initial public offering that opens on June 23 for public bidding. Company has fixed the price band of Rs 769 to Rs 808 per equity share of Rs 10 face value for its maiden initial public offer. The IPO is entirely a fresh issue of equity shares worth Rs 585 crore.
The IPO closes on June 25, 2026. The proceeds from the fresh issue upto Rs 480 crore will be used for payment towards lease rental and monthly lease payments of its step-down subsidiary, Baycruise Shipping and Leasing (IFSC) and balance for general corporate purposes.
Company operates a cruise vessel named MV Empress that primarily sails to domestic destinations such as Mumbai, Goa, Kochi, Chennai, Lakshadweep, Visakhapatnam and Puducherry. Company 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, company said.