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The Economic Times
The Economic Times
Akash Podishetti

Waterways Leisure Tourism IPO opens for subscription. Should you subscribe?

Waterways Leisure Tourism IPO BSE NSE India Cordelia Cruises

The IPO of Waterways Leisure Tourism, the operator of the Cordelia Cruises brand, has opened for subscription today, June 23, and will close on June 25. Ahead of the issue opening, the company’s shares were commanding a grey market premium (GMP) of around 2%, indicating muted listing expectations.

The IPO is entirely a fresh issue worth Rs 585 crore, with no offer-for-sale component. The company has fixed a price band of Rs 769-808 per share, and investors can bid for 18 shares in one lot and in multiples thereafter. The shares are proposed to be listed on both the BSE and NSE on July 1.

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